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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 growing b...

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...

24Aug By PriyankaNo Comments

FUNDING

Shaadisaga Raises Funding From Kunal Shah & Others

New Delhi: Online wedding platform Shaadisaga had raised an undisclosed amount of pre-series A funding from Anupam Mittal, founder of matrimonial website Shaadi.com, Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital. ah!Ventures and Rohit Chokhani of White Unicorn Ventures were among the other investors who participated in the round. Founded by Himanshu Kapsime and Manish Garg, Shaadisaga offers couples wedding planning services, providing photographers, make-up artists, marriage venue and so on. “Our team is using technology to essentially bring the offline wedding planning experience onto an online platform, while adding convenience and cost-effectiveness,” said Kapsime. The company will use the money in technolo...

23Aug By PriyankaNo Comments

FUNDING

Uberdreams.com, a Platform for Turning Dreams Into Reality Secures $0.5 Million Funding

Uberdreams.com, an online portal to get all your dreams come true has been launched and is now Live for users to avail multiple experiences. This unique business model, operates in a simple format, wherein various dreams are listed on the website, which can be redeemed for the experience at a nominal fixed cost. Currently the website lists more than 75 unique experiences. One of the unique features about this is that the listings and categorization of dreams is designed in an extremely personalized and tailor-made format for different demographics and age groups. For dreams that are not listed, Uber Dreams has a dedicated section known as 'You Dream, We Fulfil.' On this section, visitors and users can express their dreams to be fulfilled by us. The Founding Journey and The...

23Aug By PriyankaNo Comments

News

PayUbiz Launches Device Fingerprinting

Industry leading payment service provider PayUbiz has announced the launch of its device fingerprinting technology. The technology is aimed at countering the long-existing malpractices in the realm of e-commerce loyalty program for customers. This technology captures distinctive details of a user's Internet connecting device like computer, mobile phone and tablet. Confirming its unbending stance on innovation in the digital payment space, PayUbiz, yet again pioneers a technology that serves the entire e-commerce frat. Elucidating on e-commerce landscape, threats and hacks practiced by fraudsters, Rahul Kothari, Business Head, PayUbiz said, "The e-commerce segment in India has grown by leaps and bounds and was pegged at 17.5 billion USD in 2015. It is further expected to grow to 11...

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

22Aug By PriyankaNo Comments

ANALYSIS

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

(ANI): Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study. The study done in association with the thought arbitrage found that in the technology driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and UK with over 4,500. India's tech start-ups number around 4,200 up to 2015. In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of start-ups in both India and China was 10,000 each. The US is at the number one position among...