Wednesday, November 27

News

Ola opens Ola wallet for Oyo Rooms, Lenskart and Saavan
25Aug By No Comments
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Ola opens Ola wallet for Oyo Rooms, Lenskart and Saavan

Taxi hailing app Ola said its wallet, which was earlier only used for paying for taxi rides can now be used on other platforms including budget hotel rooms aggregator Oyo Rooms, online spectacle retailer Lenskart, and music streaming service Saavan. The company expects to add more players from other retail categories. "We will be leveraging our customer base and provide (ola money) payments solutions for all categories including travel, on demand food and groceries," Rushil Goel, Head, Ola Money, told ET. "Soon we will also be launching offline in store partnerships with brands," he added without specifying the timeline. More than 50% of transactions on Ola are from its wallet.   Ola does not hold a licence for a semi closed wallet and has tied up with mobile wallet Zip-Cash ...
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Coimbatore is next the startup hub after Bengaluru
20Aug By No Comments
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Coimbatore is next the startup hub after Bengaluru

In 2012, Dhruv Kumar shifted the base of his online medical advice platform, iCliniq, to Coimbatore after operating it out of Bengaluru for two years. The reason: He didn't want to be overwhelmed or distracted by the hoopla around startups in the tech capital. "I wanted to be out of all the noise and focus on building a quality product," he said during a recent interview. "There are events all the time and the place is flooded with funding stories. Those days, we thought we were a tech startup and did not focus enough on the health and business side." Several young entrepreneurs like Kumar, who started up in Bengaluru are shifting to Coimbatore. Do-PartTime, a part-time job discovery portal, is another example and one of the reasons for the shift was talent retention. "Every comp...
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Zomato entering into online food business
20Aug By No Comments
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Zomato entering into online food business

The next food order that you place from your favorite restaurant online might be delivered to your doorstep by Zomato itself. The Gurgaon-based company is planning to foray into last-mile delivery business. The company is in the process of finalizing its strategy for the same and is considering multiple op ions for introducing last-mile delivery options to its users in he coming months. "We are working on it and we may do it via an acquisition or partnership. Also, we might end up doing it on our own," Deepinder Goyal, founder and CEO of Zomato, told TOI. Goyal-led company is known for being a leading restaurant review platform in the country and it recently entered into online food-ordering business as the review space is getting crowded with multiple players, who have managed t...
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11Aug By NitishNo Comments
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A man with @alphabet Twitter handle won million dollar lottery

There's at least one guy who really loves the name of Google's new parent company Alphabet: Chris from Ohio. Chris Andrikanich got his 15 minutes of fame because his Twitter handle is @alphabet, which happens to be the name of the new parent company announced by the search giant on Monday. (more…)
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10Aug By NitishNo Comments
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Andhara Chief Minister N Chandrababu Naidu will launch Xiaomi’s first India-manufactured phone in Visakhapatnam today

Under the 'Make in India, Made in Andhra Pradesh' programme, state Chief Minister N Chandrababu Naidu will launch the Xiaomi's first India-manufactured phone in Visakhapatnam today. At the event, Xiaomi will also make an announcement about its expansion plan in India, an official release said here.Xiaomi will also make an announcement about its expansion plan in India. Xiaomi, a Chinese low-cost smartphone manufacturer, is the third largest smartphone maker in the world. Following the Chief Minister's visit to China earlier this year, Xiaomi has come to Visakhapatnam to launch its first made-in-India smartphone and announce its plans for the country, the release said. Good morning Vizag! Xiaomi is about to take a giant leap forward in India. pic.twitter.com/kqLot8N4B6 — Hugo Ba...
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9Aug By NitishNo Comments
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Breaking: 35 Indian companies among the global cashback industry leaders

A new research report released today identifies 35 Indian companies among the global cashback industry leaders. The report analyzes the growth of the industry, its important role in worldwide e-commerce, and the trends and challenges faced by this quickly growing industry. "We identified 35 Indian companies in this worldwide ranking of cashback industry leaders," said Douglas G Hall, lead author of the report. "Cashback companies in India have seen significant growth and more than $4 billion in venture capital investment. India is the most exciting market in the global cashback industry at the moment." Indian companies highlighted in the report include Flipkart, Snapdeal, Jabong, Paytm, Zomato, Mydala, CouponDunia, Yatra and Cashkaro. E-commerce in India is now valued at more than $5...
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Make in India – Taiwan-based Foxconn signed five billion dollar investment deal with Maharashtra government
8Aug By NitishNo Comments
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Make in India – Taiwan-based Foxconn signed five billion dollar investment deal with Maharashtra government

Taiwan-based Foxconn,  the trade name for Hon Hai Precision Industry Co Ltd today formalised a five billion dollar plan to build a new electronic manufacturing facility in Maharashtra. According to reports, the agreement for this investment will be spread over a period of five years. The agreement was inked here by Foxconn founder Terry Gou and Maharashtra Chief Minister Devendra Fadnavis. (more…)
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7Aug By No Comments
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How Accelerators make money to manage operating costs

There are over 500 startup accelerators in the US and over 1000 worldwide. Most accelerators are aligned with Universities (at over 35%), some are government funded (local government mostly) at 29% and some (15%) get grants from rich individuals and institutions such as Kauffman Fund. The remainder (21%) are privately funded accelerators such as 500 startups, Angel Pad, etc. First, the definition of a seed accelerator, so we can understand the scope of the program: A fixed-term, cohort-based program, including mentorship and educational components, that culminates in a public pitch event or demo-day. While there is no reliable data on how many of these accelerators are doing well, graduating great companies and surviving, there is some data on how they are managing to stay afl...
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5Aug By NitishNo Comments
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InMobi Launches Discovery-Commerce in India with Miip platform

InMobi, the world’s most powerful advertising platform will power new mobile shopping experiences that enable discovery led commerce (d-commerce) for Indian consumers using its revolutionary, user-first discovery platform, Miip. India’s largest online store, Amazon.in, leading mobile wallet, Paytm and many apps have signed up with the Miip platform to help them reach more than 120 million users and create over five billion discovery sessions in India every month. (more…)
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Kolkata based foreseegame.com Aims to Achieve 1.5 Million User Base by FY16
4Aug By NitishNo Comments
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Kolkata based foreseegame.com Aims to Achieve 1.5 Million User Base by FY16

Kolkata-headquartered gaming portal, foreseegame.com, expects its user base to increase to around 1.5 million (15 lakh) by the end of current fiscal 2015-16 from around 1.1 million (11 lakh) at present. foreseegame.com, one of the leading gaming portals of India, is successfully connecting renowned and celebrated brands with its daily users and is creating wonders in the field of digital marketing by building a bridge between brands and consumers with the help of innovative and interactive games exclusively launched on its official website. (more…)
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