The transport of the future is here with the Virgin Hyperloop One announcing on Sunday its plan to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track. The hyperloop is believed to decrease the present travel time of approximately 3 hours to 25 minutes. The hyperloop route is planned to link central Pune, Navi Mumbai International Airport, and Mumbai. The […]
Mumbai based mobile and web testing service platform BrowserStack raised $50 million venture funding from led by venture fund Accel Partners ( Accel US and India). The six-year-old Mumbai-based company now valued more than $400 million. The company was operating on bootstrap model and running profitable from last six years and this is also be the largest series […]
Self-drive car company Zoomcar has launched its cycle sharing service, PEDL, in the Mumbai Metropolitan Region starting with the privately-developed smart city, Palava. This is the fifth city after Pune, Chennai, Kolkata, and Bengaluru where Zoomcar has launched this service. At present, PEDL cycles have been placed across 30 locations in Palava. Zoomcar said that PEDL has about 200 […]
Indian Mobile Wallet Major, MobiKwik today said it has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing.
One97 Comunications owned India’s largest digital payments startup Paytm has recently acquired majority stakes in a Mumbai based online ticketing and events platform Insider.in as per the report. Founded by Shreyas Srinivasan in August 2014, Insider.in will continue running the business by enabling Paytm’s more than 200 million registered customers to discover a wide range of events […]
Drums Food International, the parent company of Epigamia Greek yogurt, today said it has raised Rs 90 crore in a series-B round of funding. The round was led by Belgium-based consumer focused private equity group Verlinvest and venture capital firm DSG Consumer Partners, with participation from InnoVen Capital, it said in a statement. The company […]
San Francisco-headquartered cab-aggregator Uber infused another amount of Rs 51.64 crore (about $7.9 million) into its Indian arms in May, documents filed with the Ministry of Corporate Affairs show. The money was distributed between Mumbai-based Uber India Systems Pvt. Ltd which received Rs 45.2 crore ($6.9 million) and Delhi-based Uber India Technology Pvt. Ltd got […]
Alibaba-backed Paytm is in discussions with Insider.in to pick up stake in the Mumbai based events platform for about Rs 193 crore. According to sources, Paytm could pump in as much as USD 30 million to pick up majority stake in Insider.in. They added that the deal could be announced in the next few weeks. […]
New-age travellers visiting Mumbai and its suburbs can now enjoy a stay in a unique place – Urbanpod. And no, it is not pricey! The ‘Pod hotel’ offers rooms at affordable rates. This is India’s first Pod hotel and its facility has come up in suburban Andheri consisting of 140 units. The initial investment was […]
Mumbai-based home services startup Taskbob has shut shop without specifying any particular reason. In an internal communication, Taskbob co-founder and CEO Aseem Khare said the company shut down its operations as of January 19 due to unforeseen circumstances. “…Due to unforeseen circumstances, Taskbob will be shutting down its operations as of 19th January. All the […]
Indian online pharmacy startup 1mg Technologies Pvt. Ltd has acquired Mumbai-based MediAngels for an undisclosed amount in cash and stocks to enter specialty doctor consultations, corporate health services and insurance partnerships. “Our consumers can now access a deep network of over 450 super specialists across India and the world, and we also get an entry […]
Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. “Gadkari has a proposal to build the Hyperloop on his table and he has to […]