Rishabh | Pixr8 News

13Oct By RishabhNo Comments

FUNDING

On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding

Hyderabad based on-demand ambulance service startup announced that it raised an investment of $1.1 million seed funding from Kalaari Capital’s Seed Fund Kstart and INSEAD Angels Asia. The round also saw participation from CM Diamant, a chain of medical centres and hospital in Canada and Africa. The funds will be utilised to increase StanPlus' Advance-Life Support fleet and expand across geographies, innovation and to cover all medical transportation categories in near future. The funding will also be utilised to augment the technology front. "StanPlus’ approach to medical transportation is enterprising," says Muthiah Venkateswaran, Partner at Kstart, a seed fund initiative of Kalaari Capital, one of India’s leading Venture Capital firms. Founded in 2016 by three INSEAD MBA graduates ...

Chaayos Raises $2 Mn From Tiger Global Management

13Oct By RishabhNo Comments

FUNDING

Chaayos Raises $2 Mn From Tiger Global Management

Chaayos, run by Sunshine Teahouse Pvt Ltd, has raised around $2 million from its existing investor Tiger Global Management in an internal funding round, as per the source Mint. The funds will be utilised to expand tea cafe chain of Sunshine Teahouse, running under the brand name Chaayos. Gurgaon based Chaayos was founded by Nitin Saluja and Raghav Verma in November 2012, and has now set up its own tea cafes in cities- Delhi-NCR, Mumbai, Chandigarh and Karnal. “Chaayos has recently raised funds from its main investor Tiger Global. The funds were raised through a rights issue, which was closed a few weeks ago. Tiger Global invested close to $2 million in the company in the round. A few individuals also participated in the round,” a person familiar with the matter said. In the current...

How To Buy Airtel’s Rs 1399 4G Smartphone, All You Need To Know

11Oct By RishabhNo Comments

News

How To Buy Airtel’s Rs 1399 4G Smartphone, All You Need To Know

What is now being termed as 'Jio-effect', Airtel partners with Karbonn Mobiles, to offer a 4G smartphone- the Karbonn A40 Indian for Rs 1,399, undercutting Reliance Jio's 4G feature phone, which was 'effectively free', priced at Rs 1,500. The initiative will see the telecom network join hands with more OEMs in the days to come to "create an open ecosystem of affordable 4G smartphones and bring them to market for virtually the price of a feature phone." Airtel's 'Mera Pehla 4G Smartphone' initiative, aka- 'My First Smartphone', is aimed at allowing "every Indian to buy a 4G Smartphone" in a highly affordable package. Smartphones under the initiative will soon be available in offline stores, with after sales being handled by the device manufacturers themselves. The Karbonn A40 Ind...

Ola Confirms $1.1 Bn Fund Raise From Tencent Holdings

11Oct By RishabhNo Comments

FUNDING

Ola Confirms $1.1 Bn Fund Raise From Tencent Holdings

One of India's unicorn, Ola, operated by ANI Technologies Pvt Ltd has confirmed that it has closed a $1.1 billion funding from Tencent Holdings, a leading Chinese internet company. The round also saw participation from its existing investor- SoftBank Group and other new US-based financial investors. Ola also said that it is in advanced talks with existing and another investor to raise additional $1 billion, thus rounding off what may turn out to be a $2 billion funding round. After a billion scale funding received by Flipkart and Paytm, Ola is the third one to receive such massive funding this year. Flipkart leads them by having raised at least $2.8 billion in two separate tranches from SoftBank, Tencent, eBay and Microsoft, followed by Paytm which raised $1.4 billion from SoftBank....

Online Used-Furniture Marketplace Zefo Bags $9 Mn in Series B

5Oct By RishabhNo Comments

FUNDING

Online Used-Furniture Marketplace Zefo Bags $9 Mn in Series B

Zefo, an online marketplace for pre-owned furniture and appliances has recently raised Rs 60 crore(around $9 million) from Sequoia Capital India, Helion Venture Partners and Beenext Pte. Ltd in a Series B round. Based out of Bengaluru, the Silicon Valley of India, Zefo will be using the funds to widen up its operations, expand inventory size and better customer support. Zefo, owned by Zero Effort Technologies Pvt Ltd, started in 2015 by selling used furniture and home appliances in Bangalore and has now spread to other tier 1 cities, such as-Mysore, Delhi, Gurgaon, Noida and Mumbai. Zefo currently has 10,000 products that includes sofas, beds, tables, wardrobes, TV, Refrigerators and other furnitures. More than half of inventory is sourced from consumers who sell used products....

Las Vegas Shooting marks the Saddest Day on Twitter: Report

4Oct By RishabhNo Comments

ANALYSIS

Las Vegas Shooting marks the Saddest Day on Twitter: Report

The world was shook at the mass shooting that happened in Las Vegas on October 2, 2017. This resulted in 59 deaths and more than 500 people injured, and was recorded as the 'Saddest Day' on Twitter, according to Hedonometer, a tool that measures global emotions on social media. Have a look at its report: The barometer, which measures the happiness of millions of Twitter users based on their posts, showed an average happiness level of 5.77 on Monday when the deadliest mass shooting in modern U.S. history occurred at a country music festival in Las Vegas. Michelle & I are praying for the victims in Las Vegas. Our thoughts are with their families & everyone enduring another senseless tragedy. — Barack Obama (@BarackObama) October 2, 2017 ...

Ola Raises $2 Bn From SoftBank Group And Tencent Holdings

3Oct By RishabhNo Comments

FUNDING

Ola Raises $2 Bn From SoftBank Group And Tencent Holdings

Another Indian Unicorn saw $2 billion fund raising on Monday. Ola- India's ride hailing company raises $2 billion from SoftBank Group Corp and Tencent Holdings Ltd, another high profile funding in this year after Flipkart which competes with Amazon. Although as per the Bloomberg's report the amount is not fixed for now and can change in the process. However as per The Economic Times Tencent has finalized an investment of $400 million in Ola, valuing the company over $3.8 billion. The paperwork from both the companies has been finalized and awaits approval from CCI. This funding will impact its rival Uber's position in India, on the one end where it is facing licence ban in London and multiple allegations. Other backers in the ride-hailing startup’s latest financing round included ...

Founder and Chairman of Apple’s Top Chipmaker Announces His Retirement

2Oct By RishabhNo Comments

BUSINESS

Founder and Chairman of Apple’s Top Chipmaker Announces His Retirement

Taiwan Semiconductor Manufacturing Co. world's largest producer of made-to-order microchips chairman and founder Morris Chang will retire in June next year, as per the reports by Bloomberg. Two chief executives of the company will be taking over after him. 86-year-old Morris' place will be taken over by Mark Liu, as chairman of the company who will be then responsible for all strategic decisions and business directions. C.C. Wei will become chief executive officer, orchestrating operations but taking his cues from the board, Chang told Bloomberg. When Chang stepped down as CEO in 2013, Mark and Wei took over as the chief executive officers of TSMC. TSMC entertains world's leading corporations such as- Qualcomm Inc. and Apple Inc. The soul reason be...

Top 10 Indian Startups That Failed In 2017

1Oct By RishabhNo Comments

BLOGS

Top 10 Indian Startups That Failed In 2017

Yes, startups fail, but entrepreneurs don't! This is an undeniable fact. 2017 has seen some of record breaking fund raisings and set new milestones for the ecosystem; not to forget Flipkart's $2.5 billion funding from SoftBank Group. If we look at the report by Institute for Business Value and Oxford Economics, it highlights that more than 90% of startups fail within the first five years. Whereas, 2016 NASSCOM states that the reason behind the failure of startups in India is none other than lack of innovation which led some startups to shut their shops within a few years of their inception. Top 10 Indian Startup FailsYes, startups fail, but entrepreneurs don't! This is an undeniable fact. 2017 has seen some of record breaking fund raisings and some heartbreaking startup shutdown...

30Sep By RishabhNo Comments

News

Mobikwik Loses Rs 19.6 Cr In A Glitch

Minutes after Pixr8 published Mobikwik's launch of Digital ticketing for Mumbai Metro One and shared it on our twitter account, some Mobikwik customers reported that some money went missing in their Mobikwik Wallet. Have a look: यहां देखे pic.twitter.com/kmgaQhNMNC — irfan anjum (@irfananjum7861) September 29, 2017 MobiKwik, has lost over Rs 19.61 crore due to a technical glitch apparently in its own online payment system. Company officials said the money was allegedly deducted from the firm's own corporate account during online transactions made by some individual customers using the wallet for different recharges and bill payments. In his complaint, Lokesh Rajpal, general counsel of MobiKwik, alleged that certain people took advantage of the technical glitch a...

30Sep By RishabhNo Comments

News

Food Tech Startup Yumist Shuts Down

Gurugram-based food technology startup Yumist has decided to shut down its operation after it failed to raise any funding. The startup cooked its own meals and delivered to the customer's' doorstep through a cloud kitchen model. (more…)

Highlights Of iPhone 8 On Jio Launch Event

29Sep By RishabhNo Comments

INDIA

Highlights Of iPhone 8 On Jio Launch Event

Jio today unveiled the latest offering from Apple Inc. – the iconic iPhone 8 and iPhone 8 Plus on Jio- at its sprawling campus at the Reliance Corporate Park, Navi Mumbai – with an unprecedented package to enable many more Indians across the country to enjoy the iconic devices on Jio’s most advanced and superior 4G network. (more…)