TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires privately funded teams to land […]
E-commerce giant Amazon today said it has resumed cash on delivery (CoD) service for customers, two days after it had halted the option following the government’s move to demonetise Rs 500 and Rs 1,000 notes. Apart from cash, Amazon India will allow customers to pay using credit and debit cards at the time of delivery […]
Fashion e-tailer Jabong said it saw 50 percent revenue growth month-on-month in October, closing the month with positive unit economics for the first time in its history. The Myntra-owned company achieved a positive gross profit for the first time ever, propelled by revenue growth and fulfillment cost reduction, Jabong said in a statement. However, the […]
Ecommerce companies are struggling to handle cash on delivery (COD) orders, following the government’s decision to demonetise Rs 500 and Rs 1,000 currency notes, with firms like Amazon and Paytm temporarily halting the facility for customers. Some companies like Uber and BigBasket have issued advisories urging customers to pay in lower denominations, while others like […]
Aditya Agarwal, Dropbox current VP of Engineering, will be taking on the role of CTO, the file sharing company said in a press release. In this new position, Aditya will lead Dropbox, a file hosting service, innovation efforts while continuing to manage our world-class product engineering team. Arash Ferdowsi, the co-founder of the company, who’s served […]
With an eye on key emerging markets like India, leading Italian mobile services provider, Ubiquity, today announced that it has acquired a 51% majority stake in Solutions Infini, a Bengaluru-based enterprise communication and cloud telephony services startup. This strategic acquisition will broaden Ubiquity’s offerings and business solutions, including the addition of an innovative voice services […]
Internet giant Google on Tuesday challenged heavyweight rivals including Apple and Amazon with an array of new gadgets aimed at digital lifestyles. Smartphone ‘Made by Google’ Pixel is the first smartphone designed by Google, with the Silicon Valley powerhouse dictating the hardware, software and services the way Apple does with its iPhones. […]
Indonesia’s based food and grocery delivery startup GO-JEK has acquired Bangalore based Pianta, a marketplace for home healthcare services, for an undisclosed sum. Post the acquisition, Pianta’s eight member team will merge with GO-JEK’s engineering centre in Bangalore. Founded in 2010, GO-JEK has over two lakh motorbike taxis, known as “ojeks” in its fleet. Since then, the […]
Furniture brand Godrej Interio would unveil its own e-commerce platform in India by April 2017 to help customers make choice from a wide range of products. Godrej Interio, which has entered into a tie-up with Mebelkart, Pepperfry, and Flipkart to serve online customers in the country, has done a three-year-long survey and prepared a roadmap […]
Global ed-tech company Simplilearn has further strengthened its leadership team by the appointment of Ashish Virmani as Vice President – Marketing and Categories. Ashish will focus on driving growth for the business through integrated plans across marketing and category functions. Ashish comes with over 11 years of diversified experience across India’s fastest growing start-ups and established FMCG brands […]
Cyber security service provider Lucideus Tech has received angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors. The start-up, which was incubated by IIT-Bombay, has previously received funding from Anand Chandrasekaran (former Snapdeal chief product officer) and Flipkart chief financial officer Sanjay Baweja. It helps enterprises assess risks to their IT infrastructure. […]
Taiwanese chip designer MediaTekis investing USD 60 million (about Rs 400 crore) in One97 Communications, which runs Paytm. The transaction values the digital payment services and e-commerce firm at about USD 5 billion. When contacted, a Paytm spokesperson confirmed the development. The funds will be used for expanding payments and commerce businesses and for building […]