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12May By PriyankaNo Comments

FUNDING

T-Hub incubated Life Circle Has Raised $150,000 Funding

Hyderabad based Life Circle Health Services has raised an amount of $150,000 as funding from European senior healthcare service provider GROUPE SOS. Life Circle is a home nursing service start-up being incubated at T-Hub, an incubation centre initiated by the Telangana government. Anant Kumar, Founder and CEO of Life Circle, said that they have offered over 150,000 hours of home nursing services till date. Life Circle provides verified caregivers to create a seamless continuum of care. They offer work related training and psychological counselling to the caretakers to give flexible care and engagement to the seniors. With these funds, the company plans to expand its services in the Hyderabad market. Very soon the company would launch its services in New Delhi - NCR markets. I...

Whatsapp Launched a Mobile Like Desktop App

11May By PriyankaNo Comments

News

Whatsapp Launched a Mobile Like Desktop App

Whatsapp, world's leading chat based messenger app has launched a desktop app so you have a new way to stay in touch anytime and anywhere - whether on your phone or computer at home or work. Like WhatsApp Web, your desktop app is simply an extension of your phone: the app mirrors conversations and messages from your mobile device. The new desktop app is available for Windows 8+ and Mac OS 10.9+ and is synced with WhatsApp on your mobile device. Because the app runs natively on your desktop, you'll have support for native desktop notifications, better keyboard shortcuts, and more. To download the app, visit https://www.whatsapp.com/download from your desktop browser. Then, open the app and scan the QR code using the WhatsApp app on your phone (look for WhatsApp Web menu under Setti...

10May By PriyankaNo Comments

FUNDING

IIT Madras Incubated Startup InnoNano Research raises $18 million Funding

In first of its kind, Indian Institute of Technology Madras incubated a clean water technology company InnoNano Research finalized an agreement with US-based energy and water investment firm NanoHoldings for an $18 million investment. The company makes affordable clean drinking water reach very nook and corner of the country, especially areas that are affected by heavy metals. The Indian start-up firm will be holding majority of stakes in the joint global venture. The $18 million will be spent over a period of next five years, out of which $5 million will be spent on developing new technologies in the area of water purification - said Thalappil Pradeep, who is heading a research group at IIT Madras and co-founder of InnoNano Research. “We have already got $3.25 million of which $1.2 m...

Now Speak to Amazon’s Alexa Through Your iPhone

8May By PriyankaNo Comments

News

Now Speak to Amazon’s Alexa Through Your iPhone

Now you can speak to Amazon's Alexa through your iPhone. Yes, the company's voice assistance can connect to iOS 9.0 devices through an app named 'Lexi'. Lexi gives users the access to most of Alexa's useful functions, including smart home controls, re-ordering Amazon products and of course, the ability to ask for anything, the Verge reports. The app is available at the App Store for USD 4.99. Amazon Echo is a hands-free speaker you control with your voice. Echo connects to the Alexa Voice Service to play music, provide information, news, sports scores, weather and more instantly.

A StartUp That Tells You Cost of Your Dream Vacation Instantly

7May By PriyankaNo Comments

Story

A StartUp That Tells You Cost of Your Dream Vacation Instantly

JustOrbit, a unique travel planning website, has come up with a new and unique feature to give a new edge to online travel planning. They have introduced a feature that helps its users to know the tentative cost of their trip instantly while creating the itinerary on JustOrbit.com that proves helpful for those who want to know the estimated cost of their trip. The global tourism industry is growing year-on-year. More & more people are planning trips on-their-own and JustOrbit is playing a major role in helping the travellers plan their vacation by providing answers to all the basic questions arising in their mind. This new feature has put JustOrbit ahead of all other competition. Visitors no longer have to contact their local travel agent or tour operator to know the cost of t...

ClearTax India’s Leading Income Tax Returns e-filing Website Has Launched 2G App

5May By PriyankaNo Comments

News

ClearTax India’s Leading Income Tax Returns e-filing Website Has Launched 2G App

In a world that is increasingly going mobile, ClearTax India's leading Income Tax Returns e-filing website has launched another dimension to the convenience quotient of the Indian consumer by announcing the launch of its mobile app. The newly launched app will carry all the functionalities of the ClearTax web platform, where users can upload their Form 16s and the app automatically prepares their tax returns. The best part about the app is you can file your taxes even in your commute. The app comes with offline sync feature which allows you to enter your tax details even when there is no internet. The details are uploaded to the server as soon as there is internet connectivity. This solves a very primitive problem in India - where internet connection is often not reliable. Speaking ...

IFC Leads Rs. 400 cr Investment in Lenskart

5May By PriyankaNo Comments

FUNDING

IFC Leads Rs. 400 cr Investment in Lenskart

IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, Adveq Management and IDG Ventures. In addition, Ratan Tata and Kris Gopalakrishnan (co-founder of Infosys) invested in their personal capacity as part of this round. Avendus Capital was the exclusive financial advisor to this transaction. Lenskart is into assembly, manufacturing, wholesale distribution and supply of high quality eyewear products, such as eyeglasses, power sunglasses and contact lenses. Company plans to utilize the funds for strengthening its te...

3May By PriyankaNo Comments

FUNDING

Mobikwik Raised USD 50 Million (Rs 330 crore) in Funding

Mobile wallet company Mobikwik today said it has raised USD 50 million (about Rs 330 crore) in funding, led by Japanese payments firm Gateway and Taiwanese chip maker MediaTek. Its existing investors such as Sequoia Capital and Treeline Asia also participated in the current round of funding. The company said it will use the proceeds for product innovations, team building, and user growth. "Despite the current business climate when funding has become challenging, unit economics, sustainable growth and a sound business model are what investors are focusing their attention on. We are very excited to live up to the investors expectations and raise the funding where even larger players are failing to raise funds," Mobikwik founder and CEO Bipin Preet Singh said in a statement. MobiKwiks...

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

2May By PriyankaNo Comments

FUNDING

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

Nandan Nilekani, Infosys co-founder and former chairman of UIDAI invested an undisclosed investment in RailYatri.in. Founded by Kapil Raizada, Sachin Saxena, and Manish Rathi, Railyatri is a web and mobile app-based startup that provides real-time and analytics-based travel-related information to passengers. The startup claims to serve 2 million users a month. Helion Ventures, Omidyar Networks and Blume Ventures has also invested an undisclosed sum along with Nilekani. “What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians,” said Nilekani in a statement. “The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travellers.” “...

Facebook Reports Surge in Revenue From Ads

30Apr By PriyankaNo Comments

News

Facebook Reports Surge in Revenue From Ads

Social networking giant Facebook has announced an increase of 15 per cent in active users and as a result surge in advertising revenues as well by 57 per cent. "We had a great start to the year. We are focused on our 10-year roadmap to give everyone in the world the power to share anything they want with anyone," said founder and CEO Mark Zuckerberg. Last month, the site announced that it would be letting people order things within its chat services. People can head to the Messenger app and chat to their favourite flower or pizza company, the independent reports. Headquartered in Menlo Park, California, Facebook, Inc. held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of USD 10...

6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

29Apr By PriyankaNo Comments

News

6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

The proposed 6 percent levy on online advertisement revenue of foreign companies will "severely raise the cost of doing business" for Indian tech startups, industry body IAMAI said today. "Tech startups are already paying 14.5 per cent service tax to use these ad platforms, which amounts to an estimated Rs 906 crore of taxes to government. With GST implementation, the tax rate is likely to move to 18 per cent bringing more taxes to the government from this segment," Internet and Mobile Association of India (IAMAI) said in a statement. Considering that the incidence of 6 per cent levy will be passed on to the advertisers by the ad platforms, the total burden to SMEs and tech startups on account of equalisation levy would be an additional burden of Rs 429 crore, a massive hike of nearly 50...

After Rahul and Advitiya, 3 More Co-founders Quit Housing.com

22Apr By PriyankaNo Comments

News

After Rahul and Advitiya, 3 More Co-founders Quit Housing.com

Abhishek Anand, who was the Chief Technology Officer, Sanat Ghosh, who was the AVP Product, and Ravish Naresh, who was CEO of Indian Real Estate Forum are the latest three co-founders of Housing.com quits. They will start their new venture, according to the company source. "Abhishek, Ravish and Sanat played an important role in building the foundation of Housing.com. They are moving out to pursue their new dream of starting another new venture. I sincerely thank them for their contributions and wish them the very best. I am sure what they undertake next will be as exciting as Housing." said Jason Kothari - CEO, Housing.com in an emailed statement. Apart from the quitting side, in the latest development, Housing.com received an undisclosed funding from the former business head of 99Acr...