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Trivago Announces Pricing of Shares Under IPO

16Dec By PriyankaNo Comments

News

Trivago Announces Pricing of Shares Under IPO

Trivago, a global hotel search platform, today announced the pricing of its initial public offering of 26,110,118 American depositary shares (ADSs) representing Class A shares of its affiliate, travel B.V.* (the Company) at $11.00 per ADS. The Company is selling 18,110,091 ADSs, and certain shareholders of the Company are selling 8,000,027 ADSs in the offering. The Company and the selling shareholders have granted the underwriters the option to purchase up to an additional 3,916,517 ADSs at the initial public offering price less the underwriting discount. The ADSs are expected to begin trading on The NASDAQ Global Select Market under the ticker symbol "TRVG" on December 16, 2016. The offering is expected to close on December 21, 2016, subject to customary closing conditions. Found...

15Dec By PriyankaNo Comments

FUNDING

KKR-Backed Emerald Media, Premji Invest Lead $35 Million Funding Round in Amagi Media Labs

Emerald Media, the Pan-Asia company backed by leading global investment firm KKR for investing in the media and entertainment sector, today announced that it has acquired a significant minority stake in Amagi Media Labs (‘Amagi’), the leader in targeted TV advertising and cloud-based TV broadcast infrastructure. Premji Invest, the investment arm of Azim Premji, (an existing shareholder) is also participating in this combination of primary and secondary US$35 million Series D round. Mayfield India and Nadathur Holdings will continue to remain invested in the Company. Headquartered in Bengaluru with offices in New York City, London, and Hong Kong, Amagi is a next-generation media technology company providing cloud-based managed broadcast services and targeted advertising platforms to c...

mCanvas Launches High Impact Scroller For Mobile Websites

15Dec By PriyankaNo Comments

News

mCanvas Launches High Impact Scroller For Mobile Websites

mCanvas today launched Scroller, a high impact mobile ad unit that enables brands to deliver storytelling ads to millennials in a polite, non-intrusive manner. The Scroller has been in the beta for three months and is now available on the mCanvas marketplace, which consists of premium content websites in India. When a user scrolls while reading an article, the ad unit interestingly reveals the brand's message within a horizontal window. The brand's message is placed in the background and stays pinned in a fixed position while the website content moves over it. . Tapping on the unit will redirect the user to a brand's URL or can expand to deliver a brand's story via rich media and/or video innovations. The unit is designed to be 100% viewable. "Countless research studies indicate that...

Airtel Payments Bank Rolls Out Pilot in Andhra, Telangana

14Dec By PriyankaNo Comments

News

Airtel Payments Bank Rolls Out Pilot in Andhra, Telangana

After Rajasthan, Airtel Payments Bank has now rolled out pilot services in Andhra Pradesh and Telangana. "In Andhra Pradesh and Telangana, Airtel Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points," it said in a statement. This follows the pilot rollout in Rajasthan, where over 1 lakh customers opened savings accounts in less than two weeks of commencement of services, it added. Airtel Payments Bank is the first payments bank in India to go live. Customers opening a savings account with Airtel Payments Bank will get one minute of Airtel mobile talk time for every rupee deposited. For example, if a customer opens an account with a deposit of Rs 500, then he/she will get 5...

None of Mobile Payment Apps in India Fully Secure: Qualcomm

14Dec By PriyankaNo Comments

News

None of Mobile Payment Apps in India Fully Secure: Qualcomm

While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure. "You will be surprised because most of the banking or wallet apps around the world don't use hardware security. They actually run completely in Android mode and users password can be stolen. Users use fingerprint which might be captured... in India that is the case for most of all digital wallets and mobile banking apps," Qualcomm Senior Director Product Management SY Choudhury told Pixr8. He said that even most famous digital payment application in India is not using hardware level security. "Reason we are saying that none of them is using it bec...

Paytm’s Net Loss Rise To Four-Fold to Rs 1,549 for FY’16-17

13Dec By PriyankaNo Comments

BUSINESS

Paytm’s Net Loss Rise To Four-Fold to Rs 1,549 for FY’16-17

E-wallet service provider Paytm’s losses grew four-fold to Rs 1,549 crore in FY’16, the Times of India reported on Tuesday citing documents filed with the Registrar of Companies. It had reported a loss of Rs 372 a year ago compared to a profit of Rs 5 crore during FY’14. According to the report, Paytm’s founder Vijay Shekhar Sharma drew an annual salary of Rs 3.1 crore in FY’16. Last week, Sharma sold 1 percent stake in the company for Rs 325 crore to fund his payments bank. Paytm is said to be one of the biggest beneficiaries of PM Modi’s demonetisation drive. The company expects to hit 2 billion transactions by the end of this year. One97 Communications, the firm that owns Paytm will restructure its current business in preparation of its upcoming Payments Bank. As per the direct...

Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

10Dec By PriyankaNo Comments

News

Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

Hubli-based Aissel Technologies Pvt. Ltd. has been chosen as a winner in Startup Karnataka Top Tech 25 Awards 2016. At the BengaluruITE.Biz event on 30th November, the award was presented to Aissel by IT Minister Priyank Kharge, former Infosys CEO Kris Gopalkrishnan, Principal Secretary of ITBT V. Manjula and Director of ITBT Tanushree Dev. Co founders Suraj Prabhu and Mahesh Grampurohit received the award. Aissel Technologies is an enterprise cloud software company based in Hubli. Their medical thought leader management solutions are deployed at leading global life sciences companies. Aissel's solutions help their life sciences customers understand the landscape of key opinion leaders in any disease area and create targeted communications strategies thereby achieving stronger professio...

8Dec By PriyankaNo Comments

FUNDING

Shared Car Revv Raises $9 Million Funding From Edelweiss Private Equity, Others

World's first self-drive car rental platform Revv has raised USD 9 million in equity and debt from Edelweiss Private Equity and others. The series A equity funding led by Edelweiss Private Equity and debt funding from financing and leasing partners like Mahindra & Mahindra Financial Services and LeasePlan India, it said in a statement. The fresh capital will be used towards expanding into new cities, launching new products, and building proprietary technology to enhance customer experience, it added. The startup already counts the likes of Gautam Kumra (recently elected India MD of McKinsey & Company), Rajat Dhawan (Mentor to McKinsey's automotive practice) and Ananth Narayanan (Myntra CEO) as its angel investors. sms финанс займзайм под залог птс барнаулонлайн займ 24...

Reader’s Digest Asked to Pay Rs 5 Lakh For ‘Dishonest’ Marketing

7Dec By PriyankaNo Comments

News

Reader’s Digest Asked to Pay Rs 5 Lakh For ‘Dishonest’ Marketing

The Delhi consumer commission has directed popular magazine Reader's Digest to pay Rs 5 lakh to an 86-year-old lady and deposit Rs 50 lakh as punitive damage with the Consumer Welfare Fund of the state for running a "deceptive contest" and promoting its sale "dishonestly". The Delhi State Consumer Disputes Redressal Commission held that the magazine had indulged in "unfair trade practice" by deceptively trapping readers by alluring them with contest prizes of Rs 24 lakh and a luxury car. The Commission praised complainant R Balamma, a Mysore resident who had filed the complaint, saying such people had a 'pro bono publico' spirit and served the public by bringing unscrupulous elements to courts of law. The magazine has denied all allegations in the district forum and termed them as fal...

India’s Leading Bitcoin Company Unocoin Launched Mobile App on iOS and Android

6Dec By PriyankaNo Comments

News

India’s Leading Bitcoin Company Unocoin Launched Mobile App on iOS and Android

Unocoin, India’s leading Bitcoin company, has announced the launch of its new mobile app for both iOS and Android devices. Developed by Unocoin, the app will allow consumers to buy, sell, send, receive and store bitcoin all in one place, from any remote device. Unocoin becomes the first company in India to offer a full featured mobile bitcoin app, with 24/7 access to real-time bitcoin market prices and instantaneous trading transactions. The implementation is timely because bitcoin adoption is rapidly ascending in India, coupled by government’s decision to demonetize 500 and 1000 Rupee notes. The implementation of a mobile app aligns with Unocoin’s mission in enhancing mainstream adoption and help bring bitcoin into the hands of billions. Unocoin’s app is currently live and is exp...

Australian Cricket Legend Shane Warne Launches The First Individual Emoji App for a Cricketer

2Dec By PriyankaNo Comments

News

Australian Cricket Legend Shane Warne Launches The First Individual Emoji App for a Cricketer

Following in the footsteps of international superstars Justin Bieber, Ellen, Ronaldinho and Usain Bolt, emoji app developer StarMojis is launching the WarnieMojis app, which promises to add plenty of fun into the communication world with family and friends. The app features hundreds of unique and exclusive emoji stickers, GIF's, audio comments and a custom message maker that cover all aspects of legendary Australian spin bowler Shane Warne's life. From cricket to family, poker to golf to his other colourful activities, there is a variety of emojis everyone will enjoy. As Warne himself explains, "One thing we all know is that I love a text message and emojis are a big part of the way I communicate. Life can get way too serious on occasions and this app allows people to have a laugh wi...

Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch

1Dec By PriyankaNo Comments

Story

Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch

South East Asia has got its first blockchain incubator and it's started by the team behind GBMiners.com (South East Asia's largest bitcoin mining pool), and backed/invested by Amit Bharadwaj. The incubator is very aptly named Satoshi Studios and is inviting applications from entrepreneurs working in the South East Asia region. The incubator has a 3-month intensive residence program in New Delhi, India, where the founders will spend time with the GBMiners team and other blockchain startups and receive 50K USD in funding for 8%-15% equity in the company. "Our vision is to build New Delhi (India) as the Blockchain Knowledge Hub of Southeast Asia," says Amit Bhardwaj. Speaking on the topic, Amit said, "South East Asia and bitcoin adoption will be a very symbiotic relationship. The region is...