IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, […]
The Tata Group today said it has developed a watch exclusively for factory workers which can provide critical real-time safety data and announced that it is looking to sell wearable devices to tech-savvy consumers in the future. “This is the very first safety wearable in the world designed specially for a factory floor worker,” the […]
Tata Mutual Fund has collaborated with Tinkle Digest to curate a 32-page comic that seeks to “educate people about mutual funds.” The book that consists of a series of 11 stories depicts Professor Simply Simple introducing and explaining to Suppandi concepts related to investing using everyday examples from the common mans life. “Suppandi is the […]
IT industry body Nasscom has partnered the Netherlands government to promote “serious gaming” in India. As part of the partnership, the two partners organised roadshows across Delhi, Mumbai, Pune and Bengaluru this month, focusing on showcasing the potential of gaming for various sectors. Demos of solutions that have been developed and deployed by reputed Dutch […]
As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it […]
Underlining its status as one of India’s leading Internet companies Girnar Software has topped auto portals like CarDekho.com, Gaadi.com and Zigwheels.com. The companies recently received an investment from Google Capital with participation from existing investor Hillhouse Capital. With CarDekho firmly placed as the clear leader in the area of new and used auto solutions in […]
BENGALURU: Founded in 2013 by Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), Tracxn a startup research platform has raised a new round of angel funding from Nandan Nilekani, Mohandas Pai, Neeraj Arora and Junglee Cofounder Anand Rajaraman. Tracxn had earlier raised funding from Ratan Tata, Flipkart’s Sachin and Binny Bansal and Delhivery cofounder […]
Amazon.com has acquire EMVANTAGE Payments Pvt Ltd, a Noida-based online payment solutions provider for an undisclosed amount. Srinivas Rao, director of Amazon Payments India said in a press release “EMVANTAGE is a valuable addition to our team as we accelerate our payment offerings, ensuring the best in class online payment experience anywhere that customers shop with us,” […]
It’s raining discounts on anything and everything you can buy at Paytm. What started out as an online mobile recharge site has transformed into a mobile retail marketplace. Add to it the Paytm wallet and the company offers a complete package to its users. INCORPORATED IN 2000 REVENUE FY 14-15 INR 337 CR LOSS FY 14-15 INR […]
As truly it is said, “Marriage is about the most expensive way for the average man to get his laundry done!”, but holding on to this quote at present times might not seem appropriate. These are the high times and enough measures have been taken to cater for the general needs. Serving one such problem […]
A Russian inventor claims that he has perfect plan for “detachable cabins”, which could save lives in a plane crash. Vladimir Tatarenko unveiled the patented concept, which he’s been working on for three years. The early stages of his concept in a video that sees the capsule detach from the cockpit of the plane. “Surviving […]
Making it a year of startups, Indian and foreign investors have pumped in a whopping USD 8.4 billion in new Indian startup ventures, including e-commerce platforms in 2015 through close to 1,000 deals, even as questions have begun to be asked about their hefty valuations. Those opening the purse for Indian start-up s included industry […]