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December 13th, 2018 The food delivery major Swiggy is planning and piloting a programme to launch operations in university towns. This programme will be known as Launchpad. Launchpad will bring onboard students, typically those in the third year of a four-year graduation degree, as the campus Swiggy CEO in each university or college town to...
BUSINESS

December 11th, 2018 Venture capital firm Sequoia Capital has invested Rs 65 crore in Wakefit which manufactures mattresses, at a post-money valuation of Rs 210 crore. Through this round, Sequoia Capital has picked up 31.9% stake in the previously bootstrapped startup.The startup will leverage 10-15% of the acquired funds primarily to strengthen its...
BUSINESS

December 11th, 2018 China’s second highest-profile investor behind Alibaba known as JD.com has partnered with another U.S. tech giant that is Intel. Both the companies stated that they will set up a “lab” focused on bringing Internet-of-Things technology into the retail process. This would probably include new-generationvending machines,...
BUSINESS

December 10th, 2018 Coworkingspace company called 91springboard is planning to expand its capacity six-fold to 1,50,000 desks in three years from the end of this financial year. The company would openfacilities in more Indian cities. “Currently, we have 20 operational centres and are on track to reach 12,500 desks by the end of thisyear and then...
BUSINESS

December 10th, 2018 Digital payment firm Obopay has reportedly entered into a partnership with FederalBank and Mastercard for the purpose of launching a prepaid payment solution for corporate clients to manage their disbursement and payment solutions. The company stated that the fresh card will have multiple features like split transaction, multi...
BUSINESS

December 3rd, 2018 Singapore ride-hailing company Grab is in advanced talks to invest $100 million (Rs 697.7 crore) in OYO Hotels & Homes as part of the Indian hospitality chain’s ongoing $1 billion funding round. Grab is expected to close the deal over the next few days, according to two people briefed on the matter. Grab and OYO, both of...
BUSINESS

December 1st, 2018 With an aim to popularise original videos on its platform and give a fight to YouTube, Facebook has announced that it is introducing multiple monetization tools for the Indian content creators. This was announced during its first Indian “Creator Day” event. Facebook has opened ad breaks to all qualifying video creators to help...
BUSINESS

November 30th, 2018 PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital...
BUSINESS

November 29th, 2018 The parent company India’s biggest payment services firm Paytm that is One97 Communications has reportedly and successfully crossed the valuation mark of Rs 1 lakh crore in the unofficial market. Talking about the unofficial market, the firm’s value has raced past the market capitalisation of listed blue-chips like IndusInd Bank,...
BUSINESS

November 29th, 2018 The technology giant Microsoft has Corp surpassed Apple Inc to become the world's most valuable publicly traded company with a $300 billion rout. After becoming the top company in the world, Microsoft shares rose 0.6 percent Tuesday, pushing the company's market value to $828.1 billion at the close. The last time Microsoft's market...
BUSINESS

November 27th, 2018 Apple is looking to support female-identifying founders through its new Entrepreneur Camp, a technology lab focused on app development. The free two-week camp, which kicks off in January, will give female founders the opportunity to receive one-on-one coding assistance from Apple engineers, as well as attend sessions on design,...
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