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PayU Hires Pradeep Shekhawat as Head of SMB Business

6Sep By PriyankaNo Comments

News

PayU Hires Pradeep Shekhawat as Head of SMB Business

Unique online payments solution PayU India has announced appointment of Pradeep Shekhawat to Head the SMB Business division of its operation. The decision follows suit with the growing aspirations of the brand to expand its line of Businessand deliver valuable products and services to small business, hence pivoting the current surge in FinTech services. Pradeep Shekhawat, an alumnus of IIT-Bombay and IIM-Bangalore, will have the pivotal task of looking after the strategic growth and expansion of SMB Business, a wing initiated towards the growing MSME and startup sector in India. "Our SMB Businessis one of our PremierBusinessin Indiaand it continues to be a key contributor to PayU India's success. Pradeep's broad experience, competencies and strong leadership skills make him the...

4Sep By PriyankaNo Comments

FUNDING

Coconut Entrepreneur From Gujarat Cracks the Dragons Den, Received $1 Million Funding

Dragons Den is a BBC Television Series in the UK where entrepreneurs get three minutes to pitch their business ideas to five multi-millionaires willing to invest their own cash. The Gujarati hopeful to enter the Den on Sunday the 21st August 2016 along with her business partner from Kerala was Manisha Solanki. Manisha lived most of her life in Paris, France and decided to move to London after spotting Cocofina in 2007 at the SIAL trade show in Paris. Having enjoyed the taste of coconut from a young age acquiring a 50% stake in the business was an easy choice. Cocofina won the coveted Excellence in Food and Drink Award in 2005and has never looked back since. Fast forward to 2016 and Cocofina now has a range of 30 products and is sold in thousands of stores in 28 countries including ic...

Facebook Satellite Blast During Launch of SpaceX Rocket

2Sep By PriyankaNo Comments

INDIA, News

Facebook Satellite Blast During Launch of SpaceX Rocket

AFP- An unmanned SpaceX Falcon 9 rocket exploded on the launch pad during a test in Florida on Thursday, destroying a satellite that Facebook planned to use to beam high-speed internet to Africa. The blast at Cape Canaveral — though it caused no injuries — marks a setback for the California-based private space firm and its founder, internet entrepreneur Elon Musk, who wants to revolutionize the launch industry by making rocket components reusable. Loss of Falcon vehicle today during propellant fill operation. Originated around upper stage oxygen tank. Cause still unknown. More soon. — Elon Musk (@elonmusk) September 1, 2016 Dramatic footage broadcast by ABC News showed the rocket burst into a roaring ball of flame amid what appeared to be a succession of blasts — sending its payl...

Droom Announces Budget of Rs. 100 Crore For Marketing

1Sep By PriyankaNo Comments

News

Droom Announces Budget of Rs. 100 Crore For Marketing

India's pioneering online automobile transactional marketplace Droom is geared to launch a mega promotional campaign with a budget of Rs. 100 crore. The new campaign is being launched for television, YouTube, print, digital and social media and will also be seen outdoors on billboards and external installations. The entire campaign is designed to drive traffic and increase consumer awareness and to enhance the sense of pride amongst Indian consumers when it comes to buying a pre-owned vehicle. Droom, which has reported more than 700 percent year-on-year revenue, plans to adopt an aggressive performance-linked marketing approach which will see country-wide spread of the advertisements. Automobiles, being a big-ticket item, have a significant gestation period which may last from a mini...

31Aug By PriyankaNo Comments

FUNDING

Zapmart to Raise $10 Million From First Round of Funding

Mumbai based online grocery startup Zapmart is all set to raise $10 Million in its first round of funding from investors. Zapmart which is a self-funded startup by Parvez Siddiqui has got a seed funding of Rs.3 Crore, which was led by two businessmen from the real estate sector. "The seed funding will be used to strengthen our technology backbone and logistics within Mumbai," said Parvez Siddiqui, founder of Zapmart. Zapmart is also keen to raise $10 million from its Series A round of funding, in which they are in talks with few angel investors and are looking out for large venture capital funds. “The Series A funds will be utilized for geographic expansion in Maharashtra and especially in Pune within this year. Another main usage of the funds will be utilized for turning k...

Facility Management Major SBricks Acquires HomeCues.com

31Aug By PriyankaNo Comments

ACQUISITION

Facility Management Major SBricks Acquires HomeCues.com

SBricks (www.sbricks.com) is a facility management & home services start-up HomeCues (www.homecues.com) is into aggregation and providing professional household services The merger is an all-stock deal Entire business of HomeCues merges with SBricks The combined entity will be known as SBricks Castle Care Pvt Ltd acquired Hyderabad-based household services aggregation and facilitation company HomeCues (www.homecues.com). Homecues is a leading provider of facility management, home clean, laundry, repairs, and maintenance services. Announcing the merger, D Nithin Reddy, CEO of SBricks Castle Care Pvt Ltd, has said that the similarity in businesses of the two companies has provided an opportunity for the merger. The combined entity, foresees a g...

KartRocket Appoints Gaurav Gupta as Their Chief Technical Officer

30Aug By PriyankaNo Comments

News

KartRocket Appoints Gaurav Gupta as Their Chief Technical Officer

KartRocket, which offers an end to end eCommerce solution to help SME’s setup their online presence, has announced the appointment of its Chief Technical Officer, Gaurav Gupta. Prior to this, he was with the Free Culture Apparels Pvt. Ltd, an online fashion platform with a unique idea which enables users to monetize their digital designs. Gaurav is a dedicated Technical professional with past tenures at some of the leading firms such as Free Culture, Rightster India, Yahoo!, Atrenta, and Sequence Design. In his current role, Gaurav is responsible for platform growth and stability. He will focus on search and discovery for Kraftly platform and seller enablement for brand building. Speaking on the appointment, Saahil Goel, Co-Founder & CEO, Kartrocket said, “We are happy to welcome...

Mahindra Incubator Based Startup TerraPay Acquires UK Based Pay2Global

29Aug By PriyankaNo Comments

ACQUISITION

Mahindra Incubator Based Startup TerraPay Acquires UK Based Pay2Global

TerraPay today said it has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. However, the company did not disclose the deal size. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA). "We have completed the acquisition of Pay2Global Limited, following regulatory approvals. Europe is one of the biggest regions for money transfer accounting for an estimated quarter of global remittance flows," TerraPay founder and CEO Ambar Sur said. This acquisition will help TerraPay instantly scale service footprint in the 32 countries of the EEA with a range of money transfer products, he added. He, however, declined to comment ...

Fintech Firm LoanTap Raises $3 mn From HNIs

29Aug By PriyankaNo Comments

FUNDING

Fintech Firm LoanTap Raises $3 mn From HNIs

Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra. LoanTap said nearly 85 per cent of the funding, which was led by Mumbai-based HNIs, will be used for onward lending by the platform, while a part of the remaining capital will also be used to augment its technology and distribution frameworks. Further, LoanTap will be leveraging the raised capital to expand its operations in NCR, Mumbai Metropolitan Region, Pune and Bangalore, it said. LoanTap has an inhouse NBFC platform delivering flexible EMI-free loan and overdraft products to salaried professionals. Headquartered in Mumbai with the back office in Pune, LoanTap follows an agency-based coll...

Bigbasket.com Comes to Aid of Crisis-Hit Farmers in Karnataka

27Aug By PriyankaNo Comments

News

Bigbasket.com Comes to Aid of Crisis-Hit Farmers in Karnataka

bigbasket.com, India's largest online supermarket has taken a lead by voluntarily setting a subsistence price of tomatoes for farmers hit by crisis due to the sudden crash of tomatoes in Karnataka. With a glut of tomatoes in the Bangalore market owing to a bumper harvest in the growing regions of Kolar, Malur and Chikbalalpur, prices in the wholesale markets have crashed to as low as Rs 1/- per kg. A price as low as this does not even recover the cost of production of tomatoes, which is around Rs 5/- per kg. As a first step towards addressing the ongoing crisis, bigbasket.com has decided to pay the farmer a subsistence price of Rs 7/- per kg as against the market price of Rs 5/- to cover at least the cost of cultivation of the farmer and give him a sustenance income. At the same t...

Chai Point Launches Cloud Based Beverage Services boxC.in

26Aug By PriyankaNo Comments

News

Chai Point Launches Cloud Based Beverage Services boxC.in

Chai Point, India's largest Chai retail chain, has announced the launch of boxC.in - a cloud-based beverage services platform which includes fully-automatic and IOT-enabled dispensers. Announcing the launch of boxC.in, Amuleek Singh, Co-founder, and CEO, Chai Point said, "Chai and filter coffee is fuel for all offices - these beverages are now considered as a core utility by corporates. The savvier ones see good quality beverages as a must-have employee engagement service. That said, authentic chai and filter coffee solutions are rarely available - you get compromises. What corporates also miss is an effective platform that assures a high uptime level of beverage services and transparency on the billing basis - boxC.in is aimed to solve just that." The core purpose of the platform is to ...

WhatsApp Will Share Your Phone Number with Facebook

25Aug By PriyankaNo Comments

News

WhatsApp Will Share Your Phone Number with Facebook

Messaging service WhatsApp has updated its global privacy policy, under which it will now share phone numbers of users with its parent company, Facebook. While the move will help Facebook offer more targeted advertisements on its own platform, WhatsApp will continue to be ad-free, a WhatsApp spokesperson said. He added that this is the first time when WhatsApp has updated user privacy policy after being acquired by Facebook in 2014 in a USD 19-billion deal. Privacy advocates had raised concerns that Facebook would start mining WhatsApp accounts for data. However, both the companies have maintained that WhatsApp would operate separately from the parent company and that its user data would not be shared without users consent.WhatsApp has over one billion users globally, with a significant...