A question that created more mysteries than answers. Yes, we all know the names of the largest conglomerates that top the lists as the most successful companies that practically hold and run the internet. But, what we never had a chance to know are the real numbers considering the profits of adult-related businesses that for […]
Alibaba-backed Hellobike which is one of the largest bike-sharing apps announced that it raised “millions of funds” in a new funding round. The company declined to reveal details on the funding amount and use of the proceeds. The round was led by Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet Alipay, and […]
Hu Weiwei, co-founder of Beijing Mobike Technology Co Ltd, has stepped down as its CEO, placing more uncertainty on the future of the bike-sharing startup. The move followed shortly after Mobike’s cash-strapped rival Ofo Inc came under fire for stalling on deposit refunds. Once touted as investor darlings, the two companies seem to be pedaling […]
Indian digital payments company ePayLater which is based in Mumbai has partnered with another payment company called Cashfree to bring in its innovative payment facility to their merchants. This partnership will bring ePayLater’s credit-based payment solution to almost all the merchants such as Daily Ninja, BigSmall, WheelStreet, EventsHigh, EduCart and Instaspaces using the Cashfree payment gateway. Also, ePaylater is targetting to […]
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 20,000-25,000 desks […]
Soon after cab aggregator Lyft applied for nearly 2019 initial public offering, Uber is on the same path and the company issecretly planning to file for an IPO, marking the beginning of a race for thetwo ride-hailing giants to the stock markets. Most recently,Uber’s private market valuation was a whopping $72 billion value. Founded in2009, […]
Funding is a very important part of business and without funding, it is quite difficult for startups to grow. Funding provides the base to startups. This week, we saw various funding activities, out of which the maximum funds were raised by an insurance company. The maximum funds raised were $200 million. Let us now have […]
Healthtech startup Niramai has secured funds around $6-7 million in a funding round. The round was led by existing investors Pi Ventures, Axilor, Ankur Capital and Flipkart cofounder Binny Bansal. Niramai Health Analytix is building an artificial intelligence (AI)-based tool for a non-invasive, non-touch, non-radiation approach to detect breast cancer. The technology, called Thermalytix, helps remove the technological, logistical and cost […]
The popular healthcare startup Cure.fit has reportedly acquired a Bengaluru-based mental health platform Seraniti. Following the acquisition, the company will have over 70 centres for this vertical. Also, with this, it is trying to boost its mental wellness business Mind.fit. As a part of the deal, Cure.fit will onboard Seraniti’s team of 15 therapists and its 8,000 customers. Seraniti […]
A lesser-known China’s bike company Youon is reportedly expanding to Europe as its rival Ofo has applied the brakes to its global expansion strategy in recent months. The company has formed a joint venture with UK-based bike-sharing startup Cycle.land which will enable Youon to sit back in its headquarters in eastern China while its British partner […]
Digital financial services platform MobiKwik has announced the appointment of three new business heads across three different verticals, with an aim to restructure the senior leadership team. The basic idea behind these appointments is to achieve a four-fold growth in the current year. The company has appointed : – Deepak Batra as the Head of Online […]
A data science company called Elucidata Corporation announced that it raised a seed funding amounting to $1.7 million carried out by Hyperplane Venture Capital. Along with Hyperplane Venture, other angel investors were a part of the seed funding round as well. The backed company has already started working well and has gained profitability. Elucidata Corporation […]