Tuesday, May 7

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.
Indian Space Agency ISRO Develops “Solar Calculator” Android App
25Apr By RishabhNo Comments
INDIA

Indian Space Agency ISRO Develops “Solar Calculator” Android App

The Indian Space Research Organisation (ISRO) today said its Ahmedabad-based Space Applications Centre has developed an android app for computing the solar energy potential of a place. Developed at the behest of the Union Ministry of New and Renewable Energy, the app is considered to be a "very useful" tool for installation of photovoltaic (PV) solar panels that is used for tapping solar energy, it said. The ISRO said the app provides monthly and yearly solar  potential and the minimum and the maximum temperatures at any location. It also displays the location of a place on the satellite image as well as the days length there during different periods in a year. According to the ISRO, features of the app include providing of solar energy potential at any given location, the requ...
Read More
Bengaluru Based Virtual Reality Startup Absentia Raises Rs 8 Crore
18Apr By RishabhNo Comments
FUNDING

Bengaluru Based Virtual Reality Startup Absentia Raises Rs 8 Crore

Absentia, a bengaluru based virtual reality startup raised Rs 8 crore in a pre-series-A round. Investors like Exfinity Venture Partners, former Infosys executives V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe participated in the round of funding. The company will use this fund to build Norah AI, an artificial intelligence engine that can create interactive content for games with minimal human intervention. According to the company,  AI can create a completely new set of interactive content for arcade games, casual games, puzzles, animation and graphics.Norah. “With Norah AI, we are aiming to become the world's first auto content-generation company with a focus on the media and entertainment segment. Over the past few months, the team has been successful ...
Read More
Kishore Biyani Led Future Group Set up Rs 100 Crore Accelerator Fund
17Apr By RishabhNo Comments
FUNDING

Kishore Biyani Led Future Group Set up Rs 100 Crore Accelerator Fund

NEW DELHI: The Kishore Biyani-led Future Group has announced setting up of Future C&D (consumer and digital) Lab in Bengaluru backed by a Rs 100-crore Accelerator Fund. The research and development activities will be supported through a Rs 100-crore Accelerator Fund that will be set up to fund the operations, technology development and IPR creation by the teams working at the Lab. “Future C&D Lab will focus on the consumer and digital space to bring in next generation innovations using artificial intelligence, Big Data Analytics, Blockchains, Internet of Things, robotics and allied technologies,” Future Group said in a statement today. Future Group founder and CEO Kishore Biyani said, “The Future C&D Lab is aimed at co-creating next generation technologies for the consume...
Read More
25 Investors and 300 Entrepreneurs Participated in Venture Garage “Capitalize Funding Conclave” at IIT Delhi
15Apr By RishabhNo Comments
News

25 Investors and 300 Entrepreneurs Participated in Venture Garage “Capitalize Funding Conclave” at IIT Delhi

On Friday 7th April , Venture Garage organized “Capitalize-Funding conclave ” at IIT Delhi which saw an overwhelming response with over 25 investors and 300 entrepreneurs attending the event. The event started with a panel discussion moderated by Rahul Narvekar, ex CEO of NDTV Ethnic and now CEO, Scale Ventures. Rehan Yar Khan of Orios Ventures who is one of the first investors in OLA Cabs was special guest of honor. Other panel members included Ravi Kaushik, Partner at Water Bridge Ventures, Ojasvi Babber of Amity VC, Girish Shivani of Yournest Angel Fund and Tej Kapoor of Fosun Kinzon Capital. These investors together have over $1 Bil to be invested in startups. The investors shared their views on the startup ecosystem and its outlook in the new financial year, why profitability ...
Read More
Amazon India Gets RBI Nod For Mobile Wallet
13Apr By RishabhNo Comments
News

Amazon India Gets RBI Nod For Mobile Wallet

Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. "We are pleased to receive our PPI license from the RBI (Reserve Bank of India). Our focus is providing customers a convenient and trusted cashless payments experience," Amazon India said in a statement yesterday. In December, Amazon had launched its Pay Balance service to cash in on the digital payments boom. Similar to other mobile wallet services, the payment mechanism, however, was restricted to transactions made on Amazon's platform. Amazon Pay runs on the PPI licence issue...
Read More
HackerEarth Raises USD 4.5 mn Funding from DHI Group and Others
11Apr By RishabhNo Comments
FUNDING

HackerEarth Raises USD 4.5 mn Funding from DHI Group and Others

HackerEarth, a platform for innovation and talent management, today said it has closed a USD 4.5 million (around Rs 30 crore) investment led by DHI Group. The Series A round also saw participation from Beenext, Beenos, Digital Garage and BizReach as well as HackerEarths current investor Prime Venture Partners. "With this round, we have raised a total of USD 5 million in equity investment to date. With this fresh infusion of capital, we aim to aggressively grow in the space of innovation management," HackerEarth CEO and Co-Founder Sachin Gupta. The company will also use the funds to strengthen its product team and strengthen business internationally in markets like the US, Europe and South East Asia, he added. Founded by Sachin Gupta and Vivek Prakash in 2012, HackerEarth has wo...
Read More
PayU plans Digibank, aims to generate $100 mn revenue by next FY
26Mar By RishabhNo Comments
News

PayU plans Digibank, aims to generate $100 mn revenue by next FY

Financial technology firm PayU is planning to set up a Digibank service in the next 12-18 months and expects to clock revenues of USD 100 million (Rs 654 crore approx) by March 2018. "Our long-term plan is to set up Digibank which will look at easing account opening for youth and provide banking services to those who are unbanked and have no access to credit. We plan to set this bank in next 12-18 months," PayU CEO B Amrish Rau. He said that the company will not require to set up a brick and mortar structure for the Digibank. PayU at present provides financial technology to merchants for facilitating online payments. Rau said that PayU witnessed transactions worth Rs 6,000 crore on its platform in January which the company expects to double over the next one year. "We have over 3 ...
Read More
Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India
23Mar By RishabhNo Comments
FUNDING

Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India

Healthcare startup Oxa, focused on healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It aims to use the investment to build its technology stack and build its operations in Hyderabad. It is currently focusing on medical tourism to India and has global plans in pipeline. Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Recently, specialty hospitals have helped create treatment hubs in India, leading to an inflow of foreign patients from Africa, Afghanistan, Bangladesh, USA and UK, among others. India is currently the second biggest medical tourism destination after Th...
Read More
Govt Alters its Policy for Startup Funds
23Mar By RishabhNo Comments
BUSINESS

Govt Alters its Policy for Startup Funds

The government finally decided on Wednesday to alter its Fund of Funds (FFS) for startups to ensure better utilization of the provided resources. An initial corpus of Rs 1,000 crore was set up, but the tough rules had made their disbursal difficult. Realizing the difficult situations it created for startups, it is now decided to allow Alternate Investment Funds (AIFs) supported by FFS to invest at least twice the amount of contribution received from FFS in qualified startups. (more…)
Read More
Hero Cycles Introduce Four E-cycles Priced Between Rs 42,000 and Rs 83,000
24Nov By RishabhNo Comments
News

Hero Cycles Introduce Four E-cycles Priced Between Rs 42,000 and Rs 83,000

Hero Cycles today introduced four e-cycles with electric pedal assisted technology under the Lectro brand, priced between Rs 42,000 and Rs 83,000. The company, which had launched the brand earlier this year in Birmingham, plans to expand the electric pedal assisted technology cycle (EPAC) portfolio in India to over 20 products over the next few months. "EPAC is a nascent segment in the India bicycle market. Even as the premium bicycle segment has shown strong growth over the past few years, the EPAC segment has only recently started and has huge potential in the country," Hero Cycles Chairman and Managing Director Pankaj Munjal told reporters here. The electric pedal assisted cycles come with detachable battery which can be charged at home in around 4 hours and can run for over 50 km...
Read More