Alphabet Inc’s Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists. The financial terms of the deal were not disclosed. As part of the deal, Planet Labs will acquire the Terra Bella business including the SkySat constellation […]
It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. In spite of its large size, and the vital role it plays in the country’s economy, the Indian SME sector suffers on account of adequate financial access. Lack of […]
Premji Invest, the investment arm of Wipro Chairman Azim Premji, on Thursday said it has appointed TK Kurien as its Managing Partner and Chief Investment Officer (CIO) with effect from February 1. Kurien is Wipro’s Executive Vice-Chairman and is set to retire from that post at the end of this month. He succeeds Prakash Parthasarathy who […]
San Francisco-based software company founded by an IIT alumnus will be acquired by American technology giant Cisco for USD 3.7 billion. Jyoti Bansal founded application intelligence software company AppDynamics in 2008 with a vision to “help modern enterprises embark on their journey of digital transformation with a disruptive approach to managing their software applications.” Cisco […]
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 […]
Hewlett Packard Enterprise today announced a deal to buy business data management firm for USD 650 million in cash. Founded in 2009, the Massachusetts-based Simplivity sells “hyperconverged” systems that combine computing, storage and networking. HPE said the market for such systems was estimated at USD 2.4 billion last year and was expected to grow to […]
Fitness app HealthifyMe has raised $1 million (Rs 6.7 crores) from Dubai-based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups, the company said in a statement. Founded in 2012 by Tushar Vashisht, Mathew Cherian and Sachin Shenoy, HealthifyMe claims to be the first app to introduce calorie tracking of […]
TrademarKing.in, India’s leading trademark search engine has announced the launch of India’s first automated trademark monitoring platform. Established business owners, manufacturers and new startups can register to this service for cost-free until 31st January 2017 to monitor their brand names. The trademark monitoring service is first of its kind in India, business owners can leverage […]
It seems Jeff Bezos led American e-tailer Amazon launched full fledged e-commerce war against India’s leading e-commerce firm Flipkart. According to latest information Amaon has invested Rs 2,010 crore into Amazon.in. The total investments in Amazon Seller Services to Rs 7,000 crore in the past 12 months, according to regulatory filings. The latest investment strategy […]
North India’s leading startup for cold-pressed juices, Fresh Food Concepts has secured $2 million in a pre-series A round led by Angel investors Siddhartha Gupta and Ashvin Chadha. This announcement comes as the Delhi-NCR-based startup moves its flagship product Juice Up into the next phase of expansion. Available in over 250 locations across Delhi NCR, […]
Hubli-based Aissel Technologies Pvt. Ltd. has been chosen as a winner in Startup Karnataka Top Tech 25 Awards 2016. At the BengaluruITE.Biz event on 30th November, the award was presented to Aissel by IT Minister Priyank Kharge, former Infosys CEO Kris Gopalkrishnan, Principal Secretary of ITBT V. Manjula and Director of ITBT Tanushree Dev. Co […]
On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account. The company also said it aspires to enter the US market in the long run as it sees an opportunity there. “Today Paytm is […]