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Internet Devices Firm Gaia Smart Cities Has Acquired Internet of Things Business of Netcore

12Jun By PriyankaNo Comments

ACQUISITION

Internet Devices Firm Gaia Smart Cities Has Acquired Internet of Things Business of Netcore

Internet devices firm Gaia Smart Cities has acquired Internet of Things business of communications service provider Netcore in a an equity deal. "We have finalised deal to acquire IoT business of Netcore in an equity deal. Gaia will get ownership of Netcores IoT business and Netcore will invest in Gaia," Gaia Smart Cities Founder & CEO Sumit D Chowdhury said. Internet of Things involved in connecting various devices with internet to control them and extract data related ton their function in structured format like calorie burn data from smart wrist bands, switching on or off to AC, TV, car from mobile phones etc. Gaia Smart Cities was founded by Chowdhury and Bipin Pradeep Kumar last year. The company provides internet of things solution like remote access to water met...

Decoding: Tips on How to Use Facebook For Your Small Business

11Jun By PriyankaNo Comments

ANALYSIS

Decoding: Tips on How to Use Facebook For Your Small Business

Using social media is an affordable option for small businesses that are looking to productively engage with their audience and generate buzz for their products and services. However, staying informed about changes to existing platforms presents a serious challenge to marketing professionals as even the savviest of Facebook users might be unaware of new features that could benefit their efforts. People are spending 50 minutes on Facebook each day according to a recent New York Times article. It’s more critical than ever to make your Facebook Page work for you. Facebook is constantly changing, meaning your strategies must also. Whether you want to build your Facebook following, or simply boost your engagement, here’s a look at the hottest Facebook features and trends. Facebook Live...

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

8Jun By PriyankaNo Comments

News

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

Homegrown FMCG major Dabur is gearing up for a bigger play in the e-commerce segment in India to tap potential of the fast growing sector. The company which has ventured into online cosmetics and beauty products through NewU, run by its wholly-owned arm H&B Stores, is also working on another platform DaburUveda.com to enhance its presence in the e-commerce space. "We do see that e-commerce is going to expand in a very big way. Thanks to technical development and increased mobile phone penetration, the e-commerce opportunity is going to be very very big. We feel that it is going to expand further in the middle and long term scenario," Dabur India CFO Lalit Malik said. Commenting on Daburs activities in the space, he said: "Although we are growing in the e-commerce side,...

8Jun By PriyankaNo Comments

News

Amazon Will Invest $5 Billion in India

Amazon will invest an additional USD 3 billion in its India operations to take its investment in the country to over USD 5 billion, the American e-commerce giants founder and CEO Jeff Bezos said today. Bezos said this at an event here attended by Prime Minister Narendra Modi. "Amazon will invest USD 3 billion more in India. This is in addition to the USD 2 billion announced in 2014," Bezos said at the annual gala of US India Business Council (USIBC). "We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," Bezos said. "Our Amazon.in team is surpassing even our most ambitious planned milestones...," Bezos said after receiving USIBCs Global Leadership Awards. Star India, a subsidiary of 21st Century Fox, also said it will in...

Sony Generates 1200 Cr Revenue From IPL 9

6Jun By PriyankaNo Comments

BUSINESS

Sony Generates 1200 Cr Revenue From IPL 9

Broadcaster Sony Pictures Networks India (SPN) has mopped up Rs 1,200 crore in advertising revenue from Indian Premier Leagues (IPL) ninth season, a growth of 20 per cent over last year. It had clocked an advertising revenue of Rs 1,000 crore from IPL 8. "We have had a 20 per cent growth in revenue. This was largely based on the change in (advertising) rates," SPN India President Rohit Gupta said. SPN had hiked its advertisement rate by 15 per cent for IPL this year. The spot rate for sponsors was Rs 5.25 lakh. The spot buy rate was Rs 5.75 lakh for standard definition channels, while for HD, price was between Rs 1.50 lakh to Rs 1.80 lakh for 10-seconds. Gupta had earlier said that there was an unprecedented interest from advertisers for this years IPL and it was for...

Mumbai Based OrderZapp Goes Eco-Friendly; Starts Electric Bikes Delivery

5Jun By PriyankaNo Comments

News

Mumbai Based OrderZapp Goes Eco-Friendly; Starts Electric Bikes Delivery

OrderZapp, a recently launched app which offers traditional snacks across Mumbai is taking multiple initiatives to support environmental causes and concerns. The company will initiate its delivering via electric bikes across Mumbai. The idea behind using electric bikes is not limited to support only the environment, but it also helps the start-up manage its operational costs. By taking this step, the company will provide vehicles to the delivery boys, who will now not have to use their own bikes. Along with this, OrderZapp also kick starts tree plantations drive in the drought struck areas of Maharashtra. The drive which begins from Sunday will go on across the months of monsoons. "We are very glad to implement these environment friendly initiatives in our organization. These ...

Airtel Payments Bank appoints Shashi Arora as CEO and MD

2Jun By PriyankaNo Comments

News

Airtel Payments Bank appoints Shashi Arora as CEO and MD

Airtel Payments Bank today announced the appointment of Shashi Arora as the CEO and Managing Director of the company. His appointment is subject to the approval of the Reserve Bank of India. He will replace Manish Khera, CEO, who resigned from his post to pursue his entrepreneurial journey. "I am delighted to announce the appointment of Shashi Arora as the CEO and MD designate of the bank. Shashi is a seasoned professional with over 26 years of experience across sectors including FMCG, Telecom, Media and Banking," Airtel Payments Bank Chairman Sunil Bharti Mittal said in a statement. On April 11, 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking netw...

1Jun By PriyankaNo Comments

FUNDING

Online Automobile Marketplace Droom Raises 200 Crores Funding

Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia. However, according to sources, Droom has raised nearly Rs 200 crore in this round of funding. The company will also use the proceeds of the Series B funding to expand its domestic operations and strengthen its technology platform. "The amount raised for the new round of funding is significantly higher than Series A that we raised last year," Droom founder and CEO Sandeep Aggarwal told reporters. He declined to comment on the funding raised and the valuation of the company. Previously, Droom has raised seed funding of USD 1.5 million and USD 4 million in May and October 20...

31May By PriyankaNo Comments

FUNDING

1mg Raises Additional Series B Funding From HBM Healthcare

1mg, India’s leading consumer health platform, has raised has raised an undisclosed amount of additional Series B funding from HBM Healthcare Investments AG, the company said in a statement. In April, the company raised Rs.100 crore in the Series B round from Maverick Capital Ventures, the venture capital (VC) arm of US-based hedge fund Maverick Capital Ltd, besides existing investors Sequoia Capital and Omidyar Network. 1mg initially raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip. The funding will help 1mg fend off competition from rivals such as Sequoia Capital-backed Practo Technologies Pvt. Ltd, which has so far raised $124 million from investors such as Tencent Holdings Ltd, Sofina SA, Google Capital ...

Housing.com Target $10 mn Revenue in 2016

30May By PriyankaNo Comments

News

Housing.com Target $10 mn Revenue in 2016

Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. "Housing.com is receiving an overwhelming response to the products it launched in January with revenue growing 200 percent month-on-month and the company on track to achieve $10 million in revenue this fiscal year," it said in a statement. After the company decided to focus its business on home buying and selling, Housing.com said it has started a series of digital advertising products for developers and brokers to provide maximum customer exposure and return on investment for their home sal...

29May By PriyankaNo Comments

News

Flipkart Row Will Affect Startups Hiring Market

Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining safer companies after the Flipkart fiasco, say experts. The e-commerce major has deferred joining dates for campus hires from IIM Ahmedabad and IITs citing restructuring of its businesses, for which it has got a lot of flak from the colleges as well as the industry. Reports suggest Flipkart is not the only company from e-commerce and related sectors to have deferred the joining dates for their campus hires and there are many others including InMobi, CarDekho and Hopscotch. According to industry and HR experts, it might also bring a lot of pressure on reputation, success and unpredictability of the educational institutions concerned as it di...

Zuckerberg to Use Facebook Live to Chat With ISS Astronauts

28May By PriyankaNo Comments

News

Zuckerberg to Use Facebook Live to Chat With ISS Astronauts

Facebook founder Mark Zuckerberg will chat live with three astronauts currently living on the International Space Station and ask them questions posted by viewers on NASAs facebook page. In a 20-minute Facebook Live video call with two NASA astronauts - Tim Kopra and Jeff Williams - and a European Space Agency astronaut Tim Peake, Zuckerberg will ask questions and use the service to enable viewers to livestream themselves. Zuckerberg will speak with astronauts living and working aboard the International Space Station (ISS) at 12:55 PM (local time) on Wednesday, June 1, NASA said in a statement. The interesting questions from the facebook viewers include - What is the outcome of Newtons bucket experiment on ISS?, Who provides the food eaten on the space station? The ISS serv...