Sunday, December 22

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.
Nazara Games Generated Rs 220 Cr Revenue FY 2015-16
6Jul By RishabhNo Comments
BUSINESS

Nazara Games Generated Rs 220 Cr Revenue FY 2015-16

Nazara, a mobile having startup generated Rs 220 crore revenue for FY 2015-16, with the Indian market contributing 47% to the top line revenue. "We have seen an explosive growth of 40% CAGR in the past 4 years," said Nitish Mittersain, the founder of Nazara Technologies. "Another aspect that has helped with growth is pre-loading games on millions of devices through partnerships with handset manufacturers," Mittersain said. The company had also picked up a 26 percent stake in London-based Mastermind Sports in April. Nazara Games is present in 48 countries across the world and claims to reach out to more than two billion consumers. It also plans to launch a host if products and services in 20 more countries. "The expansion of Games Club, which is a subscription-based service, into 20 n...
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Now Shop From The Official App Of ADIDAS!
5Jul By RishabhNo Comments
News

Now Shop From The Official App Of ADIDAS!

German Multinational corporation, Adidas is planning to launch its official app by December in India. Adidas Group India is planning to drive customer engagement through content and loyalty programmes, and boost online sales. “Our engagement with consumers do not end in incremental sales or how many omni-channel stores are rolled out. Shopping is just a small fraction. For engaging, we are planning an app and a rewards programme for loyal customers to increase their engagement with the brand. Engagement is what we are headed to,” said Abhishek Lal, senior e-commerce director for Adidas Group in India. The company is said to launch separate apps for Adidas and its subsidiary Reebok India. Looking at the current market state, much of which is going online it may be a push towards streng...
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1mg Acquired Medd For An Undisclosed Amount!
5Jul By RishabhNo Comments
ACQUISITION

1mg Acquired Medd For An Undisclosed Amount!

Sequoia Capital backed 1mg, an online pharmacy with a wide range of prescription and OTC medicines announced on Monday that it has acquired Medd, which is a marketplace for booking diagnostic and imaging tests. The inside details about the detail are yet undisclosed! (more…)
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4Jul By RishabhNo Comments
FUNDING

Former Flipkart Executives’ CureFit Raises $15 million Funding

CureFit, a healthcare and fitness start-up launched by former Flipkart executives Mukesh Bansal and Ankit Nagori, has recently raised a $15 million Series A funding from Kalaari Capital, Accel Partners and IDG Ventures, which is one of the largest early rounds of funding ever by an Indian start-up. (more…)
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Bengaluru Metro Will Now Be The Refuge Of Startups!
4Jul By RishabhNo Comments
News

Bengaluru Metro Will Now Be The Refuge Of Startups!

Finally, a good news for the entrepreneurs of Bengaluru, If you are founding  a Tech based startup and are looking for a not too expensive office, Bangalore Metro is just the right place! The Bangalore Metro Rail Authority is inviting emerging businesses to set-up their offices in five of its stations, following the success of 'Rsmakerspace', Workbench Projects, that opened at the Halasuru station in February 2015. "It is not like Workbench Projects, which is renting out space (at the Halasuru metro station) on a monthly basis. These (startup) outlets will be proper offices." BMRCL currently has 31 operating metro stations from Baiyappanahalli to Mysuru Road  and from Nagasandra to Sampige Road. Startups can bid for 31 office spaces of 100 sqft to 4,000 sqft at the Byappanahalli, Swam...
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Aramex Invested In Last Mile Mobile-based Companies Grab.in & Logisure
4Jul By RishabhNo Comments
FUNDING

Aramex Invested In Last Mile Mobile-based Companies Grab.in & Logisure

Aramex, a leading global provider of comprehensive logistics and transportation solutions has recently invested in last mile mobile-based companies Grab.in and Logisure to strengthen its last-mile delivery service in the category of e-commerce in India. The company has committed to invest Rs 20 crore in Zomato backed last-mile delivery company Grab a Grub, which does on-demand hyperlocal deliveries as well as first mile and reverse logistics. It's services are spread across 10 cities. Currently it is working with Snapdeal, Zomato, McDonalds, Pantaloons and Grofers among others. The investment in Logisure, which has developed a platform for intelligent urban freight management, has not yet been disclosed. Dubai-based Aramex is now focusing to expand its outreach to e-commerce section a...
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Markdowns Of Flipkart Doesn’t Matter: Sachin Bansal
3Jul By RishabhNo Comments
Entrepreneurs Talk

Markdowns Of Flipkart Doesn’t Matter: Sachin Bansal

Recently Flipkart was marked down in it's valuation by a couple of investors and third- parties! Sachin Bansal, the founder of the e-commerce giant Flipkart considers them as their " opinions" and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major. "That does not matter. If you look... they did it to Uber as well. Uber raised (money) at a higher valuation. They did it to one more company, they also raised money at higher valuation," Bansal said on the sidelines of an event. "I think it does not matter, people have their own opinions and it is their own opinion," he added. He was also confident about the fact that these statements will not have any impact on the company's future fund raising. For now, Flipkart is pretty well capita...
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Artificial Intelligence: A Future Face Of The Startups
3Jul By RishabhNo Comments
BLOGS

Artificial Intelligence: A Future Face Of The Startups

With the effort of Tesla of introducing AI to self- drive  capability,it has shown others the infinite possibilities AI is sitting upon! In the near future, AI might get so involved and integrated in our daily lives that we could not imagine a service without it.  The field of artificial intelligence has a transformative capability over many things that govern our daily lives. Companies from the fields of Tech and Automobiles are leaving no stones unturned to integrate AI in their systems. Legacy companies won't have a choice — consumer demand will compel them to invest in new technologies and AI is a prime example of the breakthroughs they seek. As computers get smarter and learn more, many of the factors causing accidents, injuries and fatalities will disappear. With the advance...
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Freedom-251, A Very Costly Affair For The Company!
2Jul By RishabhNo Comments
News

Freedom-251, A Very Costly Affair For The Company!

Ringing Bells,the company that promised the world's cheapest smartphone for a price of just Rs.251 seems to run into troubles managing its expenses even before delivering its first handset! Despite the huge success and being received heavy booking in the month of February, the company has not been able to source phones at the promised sale price, thus being forced to sell them at a heavy loss of over Rs 900 per unit. This goes against the management's earlier stance of making a profit of Rs 31 per phone. Sources said Chadha -who was introduced as the president of the company - had a "massive showdown" with promoter Mohit Goel "over financial matters". "It is now Goel who now runs the company and Chadha does not play an active role," an official said. Chadha said he was never employed ...
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American Giant MasterCard Invested An Undisclosed Amount In RazorPay
1Jul By RishabhNo Comments
FUNDING

American Giant MasterCard Invested An Undisclosed Amount In RazorPay

American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for small and medium enterprises and platforms. This marks the second equity-based investment done by MasterCard. Bengaluru-based Razorpay, which works with online product and technology businesses such as cloud telephony company Knowlarity and lifestyle ecommerce portal Nykaa, will be part of a six-month long MasterCard Start Path programme for startups targeted at technology development. "The association with MasterCard opens up the network of banks it works with. As our product focuses on reducing the failure rate of transaction, this will help us bring down the number of hops," said Harshil Mathur, cofounder of Razorpay to the source ...
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Travel Application Instago Raises $500K in Angel Funding
1Jul By RishabhNo Comments
FUNDING

Travel Application Instago Raises $500K in Angel Funding

Instago, an intra-city travel application  that helps it's users to compare prices and book the cheapest mode of transport across different categories has raised $500K from multiple investors including angel investor Ramit Sethi of Strongbox Ventures. (more…)
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