Bengaluru | Pixr8 News

Infosys Enters a Deal to Acquire Finland-based Fluido

15Sep By Gauri SinghNo Comments

ACQUISITION

Infosys Enters a Deal to Acquire Finland-based Fluido

One of India’s largest software services provider Infosys announced the deal for the acquisition of Finland-based salesforce advisor firm Fluido. The amount of the deal is expected to be around $76 million (euro 65 million). This acquisition will mark the second acquisition of the IT giant Infosys this year. In April, the firm announced the acquisition of US-based consultancy company WongDoody for $75 million. This particular deal will help boost the company's cloud capabilities, a key part of its digital strategy, and help it grow in Northern Europe. "This acquisition demonstrates Infosys' commitment to the Salesforce ecosystem to address our client's digital priorities...This acquisition also aligns to our efforts to invest in local capabilities in the regions in which we operate,...

SkyShuttle to Launch Shared Business Jets and Helicopter Flights Soon

15Sep By Gauri SinghNo Comments

News

SkyShuttle to Launch Shared Business Jets and Helicopter Flights Soon

SkyShuttle is set to launch shared business Jets and helicopter flights from next week. The company will start scheduled business jet flights between Mumbai and Bengaluru and helicopter services from Juhu airport to industrial towns. The flights on the Mumbai-Bengaluru route will be operated by an aircraft between 6 and 14 seats. “These will essentially be flights with luxuries of a business Jet flight but with a schedule. So, a passenger will not have to be at the airport two hours before the flight and will be saving time in Bengaluru too because our flight will be landing at the old airport in Bengaluru that is within the city,” Kanika Tekriwal, founder of SkyShuttle stated. It is being said that there is a market for flights in this segment but the pricing has to be right. While t...

Ather Energy Commences the Delivery of its Electric Scooter

12Sep By Gauri SinghNo Comments

News

Ather Energy Commences the Delivery of its Electric Scooter

After a successful launch and five years of being in existence, Ather Energy has officially commenced the deliveries of its flagship electric scooter, the Ather 450, in Bengaluru. The Bengaluru-based startup invited a select few customers to the company's final assembly unit to hand them the keys to their Ather 450 electric scooter. Also, the company had set up private charging stations at the customers’ residences prior to the delivery of its intelligent electric scooters. With this, the owners of the electric two-wheelers will have free charging available both at home and across the city. Tarun Mehta, Co-founder and CEO said, “The past few weeks have been incredible for everyone at Ather Energy. Today marks the real launch of the company as consumers take their ﬁrst scooters home and...

Cure.fit To Launch Quick Service Restaurants in the Coming Weeks

12Sep By Gauri SinghNo Comments

News

Cure.fit To Launch Quick Service Restaurants in the Coming Weeks

Health and fitness startup Cure.fit is on the advanced stages to launch two quick service restaurants (QSR) in Bengaluru. The restaurants are expected to be launched in the next 4-6 weeks and will offer healthy food to people who are on-the-go in the city. This move will make the company one of the early firms in the food tech sector to foray into the offline space. For the purpose of setting up each of the food outlets, Cure.fit is investing approximately Rs 40-45 lakh. "Our proposition is that people should find healthier ways to eat wherever they are. This is why having an outdoor presence is important. We are piloting with a couple of outlets and will see how it goes," said Ankit Nagori, Co-founder of Cure.fit. The company offers four fitness and health products, which include gym...

Zomato Acquires a Bengaluru-based Food-Tech Startup

5Sep By Gauri SinghNo Comments

ACQUISITION

Zomato Acquires a Bengaluru-based Food-Tech Startup

Zomato, the online food delivery and restaurant discovery giant has reportedly acquired a Bengaluru-based startup known as TongueStun Food in a cash and stock deal. The startup is basically concerned with aggregating caterers and restaurants for office canteens. Following this acquisition, the valuation of the company will reach $18 million as stated by the people involved in the transaction. Also, Deepinder Goyal, the co-founder & CEO of Zomato has confirmed the news of transaction. He also stated that they saw immense growth opportunity in the food at workplace segment. "We don't see the ceiling to how big this market could become just yet. What we know is that this market is very high frequency, and customers are very sticky as they end up placing more than 20 orders a month on ...

Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group

6Aug By Gauri SinghNo Comments

FUNDING

Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group

Zipro Technologies, a firm that offers bus aggregation services is eyeing to secure an amount of $50 million in a fresh funding round from Essel Group. The bus aggregator reportedly is seeking to develop its presence in India from the present 10 cities. The company is based in Bengaluru, and it is expecting to utilize these funds to supply bookings for electrical buses and e-rickshaws as stated by a person familiar with the matter. Established by Subhash Chandra, Essel Group is present in areas including media, entertainment, packaging and technology. The company is planning to invest in ZipGo for the purpose of boosting up the building of infrastructure for electric vehicles. ZipGo that was founded in 2015 by Gaurav Agarwal, Jitender Kumar and Pritesh Gupta, has raised about $8.6...

CTO Gopichand Katragadda Steps Down From Tata Group

4Aug By Gauri SinghNo Comments

News

CTO Gopichand Katragadda Steps Down From Tata Group

Gopichand Katragadda, the chief technology officer (CTO) of Tata Group has expectedly stepped down from his role. He joined the company as the CTO on 3rd August 2014, reporting to the chairman Mr. Cyrus P. Mistry. In his role, Katragadda was responsible for technology at the group level and shared his expertise in managing R&D operations. Also, he looked after cross-company synergies, created technology strategies for white spaces, and acted as an evangelist for innovation across group companies. However, when the present chairman N Chandrasekaran brought in Aarti Subramanian from TCS as the chief digital officer, Katragadda’s future remained in a doubt. According to the sources, Katragadda has shifted back to Bengaluru. He was living in Mumbai during the tenure of his job as a t...

Bengaluru Plans to Set Up 120 Electric Charging Points

1Aug By Gauri SinghNo Comments

INDIA

Bengaluru Plans to Set Up 120 Electric Charging Points

With the increasing demand and manufacturing of electric vehicles, it has been planned that Bengaluru will have electric charging points over 120 locations in the city including IT parks and shopping malls. The brainchild of the Transport Department and the Bengaluru Electricity Supply Company (Bescom) is anticipated to accelerate up the use of electric vehicles. Currently, Bengaluru has around 74 lakh vehicles that depend on fossil fuels. “Electric charging points will be set up in 124 places such as metro stations, airport, BDA complexes, software parks and shopping malls. We are yet to decide where exactly these charging points will come up on these campuses,” a Bescom official, who is in charge of the project said. The same person stated that the project would take about six month...

Bengaluru-based ONN Bikes All Set To Launch the Dockless Bike Services

26Jul By Gauri SinghNo Comments

Automobile, News

Bengaluru-based ONN Bikes All Set To Launch the Dockless Bike Services

ONN Bikes, the two-wheeler bike rental platform that is based in Bengaluru has taken a step forward to provide a better customer experience and make bike rentals hassle-free and enable quicker intra-city commutes by introducing dockless bikes on the basis of hourly, daily, weekly, and monthly bike rentals. Since the introduction of cab services, going from one place to another has become very easy but gradually as the demand has increased, the prices are also going high. There are Ola and Uber for those looking for hired rides, but they sometimes have painfully long wait times or are unavailable. To eliminate this problem, bike rental services were launched. ONN Bikes is one of the leading bike rental services that currently operates in Jaipur, Udaipur, Bengaluru, Hyderabad, Delhi-NC...

Byju’s Acquires a Bengaluru-based Maths Learning Startup

24Jul By Gauri SinghNo Comments

ACQUISITION

Byju’s Acquires a Bengaluru-based Maths Learning Startup

The leading edtech platform Byju’s has reportedly acquired Math Adventures which is an online mathematics learning startup based in Bengaluru. However, the amount of the deal has not been disclosed yet. This acquisition by Byju’s marks as the fourth acquisition of the company. Last year, Byju’s acquired two startups namely TutorVista and Edurite in July and Vidyartha in January. After the acquisition process, the team of Math Adventures will become a part of the Byju’s content and R&D team. “Math Adventures’ activities will help us with our K-3 product development,” said Byju Raveendran, chief executive of Byju’s. “The founder comes with a strong math background and also a research and development background in math activities. The team will now be a part of the content and R&D...

Co-Working Dominates Office Space Leasing, Read The Full Report Inside

16Jul By Gauri SinghNo Comments

ANALYSIS

Co-Working Dominates Office Space Leasing, Read The Full Report Inside

The year 2018 witnessed an increase in the office space leasing by 10 percent to over 20 million sq ft. This increase has been recorded in the first six months of this year. This clearly shows how the demand for co-working space is rapidly growing recently. What is office space leasing/ co-working leasing? Nowadays, the trend of renting a space for business operations is growing day by day. With a number of startups coming up in the business world, the demand and need for working space is also increasing. And for this, the startups need to lease a portion of an office to carry on their operations. This process is called office space leasing. According to the reports, the supply and leasing of co-working space saw an increase in these major nine cities including Delhi-NCR, Mumbai, Che...

BigBasket in Talks to Acquire Vending Startup Kwik24

19Jun By Lavina TolaniNo Comments

News

BigBasket in Talks to Acquire Vending Startup Kwik24

Grocery retail major, BigBasket is eyeing acquisition in smart vending machine startup Kwik24 in a bid to expand its offline presence and strengthen its position against existing players Flipkart and Amazon. The reported development has come just after Alibaba backed company announced a pact with Kwik24 to deploy smart vending machines in five apartment buildings in Bengaluru. A source familiar with the matter said, The strategy is to have Kwik24 work full-time on customised vending machines for BigBasket as they look to scale up this model. The response to these pilots was positive with over 90% of repeat customers. Meanwhile, a news had surfaced earlier regarding Big basket eyeing major stakes in milk delivery company RainCan. The idea behind this acquisition is to increase the f...