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23Jan By AnkitaNo Comments

News

Ex- Googler Amit Singhal Joins Uber

Amit Singhal, the father of google search ranking system now joining Uber as SVP of Engineering. The news itself was published by Amit Singhal on his blog, After 15 wonderful years at Google working on search, I wasn’t sure that I would find an opportunity as exciting or potentially world-changing. But having spent hours with Travis and many others at the company, I can confidently say Uber fits the bill. First and foremost, I am a huge fan of Uber’s product. Like many people, I can’t remember life before you could push a button and have a car show up in minutes. But what’s most exciting to me is the real-world impact this simple idea—push a button, get a ride—is having in cities around the world. Uber’s technology is transforming urban mobility. My children may never need to own ...

Now Purchase Mutual Funds Through FreeCharge

20Jan By NitishNo Comments

News

Now Purchase Mutual Funds Through FreeCharge

New Delhi, Delhi, India- FreeCharge, India’s leading digital payments platform, today announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund. With the launch of the facility, users can seamlessly invest in a Money Market Mutual Fund that targets higher returns than those available on savings bank accounts. FreeCharge, known for its 10-second payments, is offering instant redemption of mutual funds at the click of a button. The entire process from investing to redemption is paperless – all the customer needs is his PAN or Adhaar card number. Customers also benefit from zero transaction charges and zero charges at redemption. To invest through FreeCharge, all a KYC compliant customer needs to do is enter his PAN number, a few basic details & b...

Data Analytics Firm AppsFlyer Raises $56 Million From Qumra Capital, 3 others

19Jan By NitishNo Comments

FUNDING

Data Analytics Firm AppsFlyer Raises $56 Million From Qumra Capital, 3 others

AppsFlyer, a marketing data analytics firm, has raised USD 56 million (about Rs 381 crore) in latest round of funding. This was led by new investors Qumra Capital, Goldman Sachs Private Capital Investing, Deutsche Telekom Capital Partners (DTCP) and Pitango Growth. The existing investors Magma Venture Partners, Pitango Venture Capital and Eight Roads Ventures also participated in the round. The series C financing brings the company's total funding to USD 84 million. "Having grown revenues by 500 per cent and staff from 40 to 240 people across 12 global offices in two years, the company will invest in the enhancement of its products to help even more marketers measure every engagement with their target audiences," AppsFlyer said in a statement. Qumra Capital partner Boaz Dinte has jo...

18Jan By AdityaNo Comments

FUNDING

CashRich, an Indian Fintech Startup, Raises Seed Funding

CashRich, a Mumbai-based fintech startup, has raised an undisclosed amount in seed funding from three prominent angel investors in the UK. CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. The app is currently in beta phase (pilot-testing) and shall be launched in the coming months. Sougata Basu, Founder of CashRich, said, "We are excited to receive this funding from investors who share our vision to build a technology-driven financial services company that creates user-friendly products. This equity capital infusion is an early validation of our idea and business model." CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The company is currently exploring partnership opportuniti...

14 Billion Messages Sent on WhatsApp in India

8Jan By PriyankaNo Comments

News

14 Billion Messages Sent on WhatsApp in India

New Year's eve saw a whopping 14 billion messages being sent on WhatsApp in India as more people opted to send season's greetings through the instant messaging platform than traditional routes like SMS and greeting cards. India is the largest market for the Facebook-owned company, accounting for about 160 million of its over 1 billion users. According to data shared by WhatsApp, 14 billion messages were sent on December 31, 2016 alone, an all-time high from India. With telecom operators charging a premium for SMS on occasions like New Year and Diwali, WhatsApp has been gaining popularity as an alternative as it is available free for users (apart from data charges). The traffic on the last day of 2016 was higher than WhatsApp's last record of 8 billion messages in one day on Diwali ...

30Dec By NitishNo Comments

FUNDING

Fitness App HealthifyMe Raises $1 Million Funding

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 Indian dishes. The company delivers measurable results on eating habits, fitness, and weight. With over 200 employees, it has physical presence in Bangalore, Delhi, Mumbai and Chennai within India. The app has crossed the one million download mark on the Google PlayStore, and is also available on the App Store. “I am keen on investing in emerging digital first Indian startups that have the ability to expand internationally with an a...

28Dec By NitishNo Comments

News

BookMyShow Sets New Records, Sells 1 Million Tickets a Day

BookMyShow has created history by alone selling over 3 million movie tickets for the Christmas weekend from Friday to Sunday, which also was the opening weekend of mega blockbuster Dangal. This massive achievement indeed makes BookMyShow the most loved online entertainment ticketing brand in the country. For shows on Saturday and Sunday, BookMyShow sold over 1 million tickets a day, thereby contributing to over 35% of Dangal's overall opening weekend collection in India. As a way to celebrate this, BookMyShow has also extended its Blockbuster Week offer till 1st January 2017, wherein users will be able to avail massive discounts on movie ticket bookings while also standing a chance to win fabulous gifts and assured prizes. Ashish Saksena, COO-Cinemas, BookMyShow said, "The year 2016 ...

Gaana, India’s Favorite Music App, Crosses 50 Million Milestone

22Dec By AnkitaNo Comments

News

Gaana, India’s Favorite Music App, Crosses 50 Million Milestone

Gaana, India's favorite music app, announced that it has crossed 50 Million app downloads since it was launched, 4 years back. Gaana is now the biggest music and content streaming service in India and is credited with reinventing the music industry by replacing low quality online music with a monthly subscription service with unlimited downloads and listings of over 10 million songs. Gaana has added various unique and innovative features in the recent past which includes original content programming with top celebrities (likes of Asha Bhonsle, Shankar Mahadevan, Ashish Vidyarthi), India's first Facebook messenger music bot, local music integration, localisation of app in 9 languages, mobile wallet integrations, music recommendation engine and seamless playability even at 2G speed which ...

Microsoft Launches Dynamics 365 and AppSource in India

19Dec By PriyankaNo Comments

Tech

Microsoft Launches Dynamics 365 and AppSource in India

Microsoft Launches Dynamics 365 and AppSource in India and will be Available From Local Data center on App-based Subscription Model. Retail, BFSI & Manufacturing Enterprises are Using Microsoft Dynamics 365 to Power Their Digital Transformation. These services will be delivered to customers as Software-as-a-Service (Saas) from its datacenters in India. Dynamics 365 is a cloud-based suite of applications that integrates CRM and ERP capabilities to provide the full power of advanced data analytics, machine learning and intelligence to high growth, new age companies in India. Microsoft AppSource is the new destination for business users to find and try out line-of-business SaaS apps from Microsoft and its partners. Presently, AppSource contains more than 200 business SaaS apps, a...

Indian Govt Will Release Aadhaar Linked e-payments App Soon

17Dec By AdityaNo Comments

INDIA, News

Indian Govt Will Release Aadhaar Linked e-payments App Soon

Government will soon launch a mobile application to facilitate Aadhaar-linked digital payments and roll out a nation-wide programme to train over 1 crore people on e-payments. "We are going to promote Aadhaar-enabled payment system (AEPS) in coordination with Finance Ministry. About 40 crore bank accounts have been linked to Aadhaar," IT and Law Minister Ravi Shankar Prasad told reporters today. He said that the government is working on a plan to connect rest of the accounts with Aadhaar numbers. He said that there are biometric devices which can be connected to smartphones and convert a smartphone into a Point of Sale (PoS) machine. "We are developing a UPI enabled mobile application. It will be available in 2-4 days. Customer feed Aadhaar number, scan finger on the biometric,...

None of Mobile Payment Apps in India Fully Secure: Qualcomm

14Dec By PriyankaNo Comments

News

None of Mobile Payment Apps in India Fully Secure: Qualcomm

While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure. "You will be surprised because most of the banking or wallet apps around the world don't use hardware security. They actually run completely in Android mode and users password can be stolen. Users use fingerprint which might be captured... in India that is the case for most of all digital wallets and mobile banking apps," Qualcomm Senior Director Product Management SY Choudhury told Pixr8. He said that even most famous digital payment application in India is not using hardware level security. "Reason we are saying that none of them is using it bec...

Paytm to Complete 2 Billion Transactions This Year: VSS, Paytm CEO

8Dec By AdityaNo Comments

Entrepreneurs Talk

Paytm to Complete 2 Billion Transactions This Year: VSS, Paytm CEO

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 on the way to complete 2 billion transactions this year. I personally did not expect 2016 to end on such number. Our numbers are at 2 billion transactions this year, which in turn will enable us to become really the transaction layer on top of every bank account," Paytm Founder and CEO Vijay Shekhar Sharma told reporters here. He said, "With connectivity with the UPI (Unified Payment Interface)we will become the payment app for every bank account. With UPI support Paytm ...