Wednesday, November 27

News

Interior Design Startup Furdo Raises $400K in Angel Round
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Interior Design Startup Furdo Raises $400K in Angel Round

Furdo, an interior design startup based in Bangalore, has managed to raise $400K in Angel round of investment, from Bobby Reddy of Indus Homes Pvt. Ltd. Founded by Kiran Singh, Arvind Prakash Singh and Ishwar Sundararaman, Furdo is an e-commerce platform for interior designs, which helps new-home buyers 'Virtually Walk' in their interior designed homes and see it from every corner. Like this video which shows one of their themes applied to a home. (more…)
Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”
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Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into. "It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...
Ola sets customer privacy, Introduced number masking
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Ola sets customer privacy, Introduced number masking

Taxi aggregator Ola today said that it has introduced number masking on its platform which will enable mobile numbers of customers to remain undisclosed to drivers. Taxi aggregator Ola today said that it has introduced number masking on its platform which will enable mobile numbers of customers to remain undisclosed to drivers. Drivers calling from their Ola device will not be able to see the customer's mobile number but will automatically be routed through the encrypted number, the company said in a release. The number masking feature is active for driver-partners in all cities where Ola operates, it added. With this, calls made by the driver-partners can be traced by Ola from archived recordings at all times, Ola said. The company's driver-partners will not bear the cost...
E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl
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E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

The e-commerce bubble is likely to burst sooner than later as businesses run on profits and not on ideas, former MD of Network18 Raghav Bahl said. “The bubble is going to burst. History has been witness to this time and again. For the past 100 years, these bubbles have been created from the Tulips, to the dotcoms and now e-commerce. Ultimately, businesses run on cash flows and profits and not on ideas that can be valued at astronomical figures”, he said at the India Retail Forum (IRF) in Mumbai. (more…)
Expected to Be Profitable in 3 Years – Kunal Bahl, Snapdeal CEO
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Expected to Be Profitable in 3 Years – Kunal Bahl, Snapdeal CEO

E-commerce major Snapdeal expects to be operationally profitable in the next three years and is investing heavily in building infrastructure to scale up its business. "More specifically in the next three-year period, at least in our business, I feel fairly confident that we will be at that point of profitability," Snapdeal CEO Kunal Bahl on Thursday said at an International Chambers of Commerce event. (more…)
Why these big Corporates like Reliance, Tata, Birla showing interest in startups now
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Why these big Corporates like Reliance, Tata, Birla showing interest in startups now

One of Reliance Industries' offices in suburban Mumbai became unusually busy last week. The Reason: a second batch of 10 startups joined the country's largest private firm's four-month acceleration programme, run in partnership with Microsoft Ventures, to help them scale up operations through mentoring and infrastructure support in exchange of technology and ideas. A month ago, a similar initiative was launched by Aditya Birla Group, albeit at a smaller scale. Big Indian family business houses, some of which were still debating whether it's worth foraying into the digital space till about a year ago, are now busy chalking out and implementing strategies to join the digital economy and get leverage from the ongoing startup boom. If you look at the history of conglomerates in the last ...
Technogym Launches World’s First Google Glass Controlled Treadmill
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Technogym Launches World’s First Google Glass Controlled Treadmill

Wearable smart-computer represents the next stage in computing and Google Glass is the most hotly-anticipated gadget in that space. Now imagine your fitness equipment with this revolutionary technology Technogym, the leading producer of design and technology-driven fitness equipment, launches world’s first Google glass controlled treadmill 'Artis'. This avant-garde technology will create a rage in the fitness industry! The treadmill which has been exclusively designed by Technogym for the fitness connoisseurs of the future, allows the Glass wearer to control the speed of the treadmill using voice commands. They can also see running data on their headset and communicate with a personal trainer via a webcam. Thanks to the brand new UNITY technology, the first android-based console dis...
Mantra for Success of Small Business
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Mantra for Success of Small Business

There seems to be an endemic mushrooming of new enterprises and entrepreneurs - ‘Startups’ – if you please. A lot of them may not survive the competition and go under. A few of them would live the dream and prosper. Can there be a code or formula that ensures success? (more…)