The number of Internet users in the country is expected to go up to 50 crore, from the present over 40 crore, in next 5-8 months, Telecom Minister Ravi Shankar Prasad said today. “The number of people using Internet has crossed 40 crore in the country at present. I am expecting this number to go […]
Japanese telecom and media group SoftBank will “seriously” accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. “The time has come that the Indian economy will be big enough going forward. Mobile […]
So finally the most awaited Start-Up India Event has ended, leaving a trail behind it to let other young entrepreneurs to walk under its light. Started with several Panels comprising of Secretaries, CEOs and Founders of various well fledged startups, the event was attented by around 1500 entrepreneurs. Organised at Vidhan Bhawan, New Delhi, it […]
On Tuesday, Ant Financial, Alibaba’s financial service affiliate, released its 2015 Alipay consumer spending report. Alipay is a business operated by Ant Financial and China’s largest third-party online payment service provider. This annual report sheds light on the online consumption behavior of Chinese people and the penetration of mobile internet in China. 1. Shanghai […]
State Bank of India became the first public sector lender to launch wealth management service, a space dominated by private and foreign players, to cater to fast-growing affluent segment of the country. The bank also inaugurated a dedicated branch for startups which will provide advisory services to the budding entrepreneurs. “Introducing wealth management has been […]
With over $5 billion worth investment in 2015 and 3 to 4 startups emerging every day, India has the third largest number of startups in the world. On January 16th, the Prime Minister will formally launch the StartUp India, StandUp India initiative and unveil the government’s actions plans to support early stage startups. StartUp India, […]
Smytten is enhancing the way affluent Indian consumers discover, interact with, and purchase premium products and services. It was launched in October 2015 by ex-Unilever and Google executives, Siddharth Nangia and Swagata Sarangi. Siddharth and Swagata were studying at ISB Hyderabad when they first met. Post-graduation, Swagata was heading business marketing at Google where he […]
Budget-hotel aggregator OYO Rooms has forayed into the overseas market with the launch of its operations in Malaysia. Commenting on the development, OYO Rooms Founder & CEO Ritesh Agarwal said: “Taking the company international has always been on the cards but we wanted to achieve clear market leadership in India before heading overseas.” OYO’s model […]
NEW DELHI: Indian messenger app, Hike, has raised undisclosed funding from a number of tech veterans, including Quora founder, Dropbox’s Vice President Engineering Aditya Agarwal, WordPress co-founder Matt Mullenweg and Ruchi Sanghvi, VP Dropbox. “It’s great to have the world’s top brains in tech share Hike’s vision; and not just entrust us with their investment, but more […]
More than anywhere else in the world, India has had the largest culture of jewelry for hundreds of years. Jewelry, gold and precious stones are deeply rooted in the Indian tradition and go as far back as far as the start of the Indian civilization itself. Until today, jewelry in India is not simply an […]
Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the Chief Executive Officer of Flipkart. Super excited to shape the next phase of Flipkart’s journey with @_Sachinbansal https://t.co/EZ3cdyma5Y — binnybansal (@binnybansal) January 11, 2016 In […]
India’s leading online travel company, MakeMyTrip Limited (NASDAQ: MMYT), announced an agreement under which Ctrip.com (NASDAQ: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China, has agreed to make an investment in MakeMyTrip. Upon completion of the transaction, Ctrip will invest US$180 million in MakeMyTrip […]