Monday, December 23

Author: Rishabh

A love for stories and urge to be more exposed to the outer world made Rishabh to work with Pixr8 as a content writer. He choses to go with his personal interest of writing and hence is a writer not only by profession, but also by heart and choice. He is currently pursuing his B-tech from Noida.
Axis Bank To Use Tech Solutions Of Three Startups From Its Accelerator
22Jul By RishabhNo Comments
News

Axis Bank To Use Tech Solutions Of Three Startups From Its Accelerator

Axis Bank has selected three fintech startups from its 'Thought Factory' accelerator programme, to incorporate solutions in operational efficiency, lending and tax planning which  it will commercially deploy at its business units, it announced at an event in Bengaluru on Friday. The bank will collabborate with Pally, FintechLabs and Gieom out of the six startups, namely S2Pay, Pally, Perpule, FintechLabs, Paymatrix and Gieom, that ran in its first startup programme. "We identified three proofs of concept of solutions that will help improve our processes and offer new products to our customers," said Rajiv Anand, executive director at Axis Bank. "While the startups are free to partner with others, the solutions developed with Axis Bank will be exclusive." Palli is an AI stack-based for...
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How To Solve Your Storage Problems With Your Space
21Jul By RishabhNo Comments
Story

How To Solve Your Storage Problems With Your Space

The self storage industry has a brief history in Asia as compared to mature markets in Australia,Europe and North America. United States alone holds a $24B business, and publicly traded self-storage companies have consistently outperformed the S&P 500. There are over 50,000 self-storage facilities in the US alone, totaling 2.3 billion square feet of storage space. Although well established in countries like Hong Kong, Japan, and Singapore, it is virtually nonexistent in Asia’s largest market like India. With the advent of cyber cities, and establishment of hubs, there is often a crisis of expected space for living that fits the budget. Also, there are times in an individual’s life when changes are happening fast and one needs to keep up without getting rid of their things that take ...
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Mukesh Ambani Launches Free Jio Phone At Reliance AGM
21Jul By RishabhNo Comments
News

Mukesh Ambani Launches Free Jio Phone At Reliance AGM

The much awaited Reliance Jio phone was launched by  Akash Ambani and Isha Ambani, Mukuesh Ambani's son and daughter at the Annual Grand Meeting this morning. The Jio Phone will help achieve PM Modi's dream of 'Made In India' said Akash at the AGM. The phone will support 22 languages, and will be available nation wide for effectively 0 price. The user however will have to pay Rs 1500 as security deposit which they will get back after 36 months of purchase. The phone comes with basic features such as Phone logs, contacts, headphone jack, torch,FM Radio, SD Card slot, Bluetooth Connectivity and with Alphanumeric Keypad. The JioPhone has been tipped to come with a 4GB of internal storage, and 512MB of RAM. The mobile will have the ability to install and run apps, including Jio’s own...
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Printline Media Concludes First Round Funding With Stellar List Of Investors
19Jul By RishabhNo Comments
News

Printline Media Concludes First Round Funding With Stellar List Of Investors

Printline Media Pvt Ltd., a venture founded by Shekhar Gupta, has recently announced the conclusion of its first round of funding with a stellar list of investors. N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkataraman, Karan Bhagat and Yatin Shah are eminent investors in the venture. Printline Media has also announced that it will publish ThePrint, a multi-media, mostly digital news platform. Widely respected and accomplished journalist Pranab Dhal Samanta being its Editor.   This launch will open possibilities across platforms for serious, substantive and probing journalism, w...
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Internet Based Applications To Contribute Rs 18 Trillions To GDP by 2020: Report
15Jul By RishabhNo Comments
ANALYSIS

Internet Based Applications To Contribute Rs 18 Trillions To GDP by 2020: Report

The recent study conducted by New Delhi-based International Council for Research in International Economic Relations (ICRIER) entitled ‘Estimating the Value of New Generation Internet based Application Services in India' has revealed that Internet-based applications holds a potential of contributing to around Rs 18 lakh crores to India’s Gross Domestic Product (GDP) by 2020. The study  has been released by telecom minister Manoj Sinha in New Delhi, estimated the internet’s contribution to grow to nearly 16% of India’s GDP by 2020. “As per the study, a 17% increase in the total internet traffic in India in 2015-16 contributed to an increase of Rs7 lakh crore (7 trillion) in GDP of which at least Rs 1.4 lakh crores (Rs. 1.4 trillion ) was due to internet-based app services. This puts the...
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Reliance Capital Receives 378 Crore From Nippon Life Insurance
14Jul By RishabhNo Comments
FUNDING

Reliance Capital Receives 378 Crore From Nippon Life Insurance

Reliance Capital Ltd., the holding company of Reliance Nippon Life Asset Management Limited (RNAM), has today received Rs. 378 crore from Nippon Life Insurance, a Fortune 500 company and one of the largest life insurers in the world, upon completion of the transaction for increasing NLI’s equity stake in RNAM to 49%. Reliance Capital will book capital gains on this final transaction in Q3 ending September 30, 2017. RNAM is the largest asset manager in India in terms of AUM, managing Rs. 3,58,059 Crore (US$ 55.2 Billion) as of March 31st, 2017, across mutual funds, pension funds, managed accounts and offshore funds. RNAM offers a well-rounded portfolio of products that meet varying investor requirements and constantly endeavors to launch innovative products and customer service ini...
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Sourav Ganguly Shows Interest in Startup Ecosystem, Invests in Flickstree
12Jul By RishabhNo Comments
FUNDING

Sourav Ganguly Shows Interest in Startup Ecosystem, Invests in Flickstree

Former Indian Cricket Team Captain Sourav Ganguly has recently showed his interest in startups by investing an amount of  around $464,000 ( Rs 3 crore) in a Mumbai-based entertainment company- Flickstree. Besides him, Kolkata-based Aditya Group’s Anirban Aditya and Ankit Aditya, and Moksh Sports Ventures were the main participants in the round. Flickstree is a tech-entertainment company, started by Saurabh Singh, Rahul Jain and Nagender Sangra in 2014, officially launched in August 2016, and marks Ganguly's debut in startup investment. “Flickstree helps users follow their passion and create their personal video magazine. Such a model has the potential to change the way videos are consumed,” said Ganguly. The platform compiles free-to-watch online videos from social network, media-s...
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Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding
11Jul By RishabhNo Comments
FUNDING

Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding

Fabogo(formerly known as Mazkara) a salon and spa discovery platform run by Dubai based Mazkara FZ LLC, has recently raised $2.25 million (Rs 14.5 crore) in its third round of funding from Dunamis Ventures Pte Ltd. The company had earlier secured an angel funding of $500,000 in May, 2015 and $1 Million in January, 2016. Founded by Roy and Mohammad Ali Akmal, Fabgo was launched in Dubai in March 2015 entered in Pune, India in August 2015 and then later in Mumbai. The company is planning to utilize 40% of its funding to strengthen its technology and another 40 to increase its user base. The remaining amount will be used for geographical expansion. “Our focus this time is technology because we’re entering into the transaction game,” Roy, co-founder Fabogo said. Fabogo aims to be th...
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Farrukhabad based startup raises funding from London and Dubai Investores
10Jul By RishabhNo Comments
FUNDING

Farrukhabad based startup raises funding from London and Dubai Investores

Farrukhabad, Uttar Pradesh based startup- EduGorilla has recently raised an undisclosed amount of funding from London-based and Dubai-based investors. Founded by Rohit Manglik, EduGorilla is a one-stop community in Education for students, faculty and Institutes. Students can find answers of their career related queries, download study material, search Coaching, School or College. With the funds received, the startup said that it is aiming at expansion in the three states, namely- Uttar Pradesh, Haryana and Delhi. U.P alone serves a huge potential, with plenty of students and colleges itself. EduGorilla will utilize its funding in the expansion of business, its development, strengthen the core team and also expand its services to the rest of India. "This investment is a powerful endo...
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Applyifi and Indian Angel Network are collaborating to help early-stage startups
10Jul By RishabhNo Comments
News

Applyifi and Indian Angel Network are collaborating to help early-stage startups

Startup guiding platform Applyifi and Indian Angel Network are joining hands to help budding startups grow and raise adequate amount of funding. Applyifi guides startups in creating a comprehensive pitch deck, and provides startups and investors a 36-point scorecard and assessment report on the startup's investment worthiness. "Think of it as a GMAT score for Startups", they say. Applyifi assesses a  startup and provides an assessment report that helps a startup to understand its shortc0mings, strengths and also help them in making an action plan. Co-founded by Prajakt Raut, the platform after reviewing a huge number of startups has realized what a startup really requires and hence has collaborated to help startups raise up to Rs.75 lacs funding. "Based on reviewing business p...
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Reliance Jio All Set To Own The Market by Selling Rs 500 4G Smartphone
8Jul By RishabhNo Comments
News

Reliance Jio All Set To Own The Market by Selling Rs 500 4G Smartphone

After the launch of super-cheap 4G services in India, Reliance is once again set to create a wave of disruption in the market. Billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. is likely to launch its 4G-VOLTE enabled smartphone for an unbelievable pricing of just Rs 500.  As per the source by ET, the launch may be announced at its parent Reliance Industries' annual general meeting which will be duly held on July, 21 2017 . With this Reliance Jio can once again cause disruption in the market if the Jio 4G phone is launched at price of Rs 500. According to a Financial Express report, Reliance Jio is also in talks with Techchain and Uniscope( Chinese manufacturers) for the its 4G-VOLTE phone. Although the pricing is very dynamic for now all the rumor-based reports. "Jio is like...
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