Tuesday, May 21

Tag: Delhi

The EV Era: 25% Indian Vehicles to Turn Electric by 2023
Story

The EV Era: 25% Indian Vehicles to Turn Electric by 2023

Electric vehicles have been getting a lot of hype in recent times, majorly because of the increasing pollution problems. An electric vehicle also called an EV, first came into existence in the mid-19th century, when electricity was among the preferred methods for motor vehicle propulsion. Later in the 21st century, EVs saw a resurgence due to technological developments, and an increased focus on renewable energy. Government incentives to increase adoptions were introduced, including in the United States and the European Union. Now, in a bid to combat air pollution, the Delhi government has drafted a policy and proposed to make 25 percent of all vehicles to be electric by 2023. The draft named 'Delhi Electric Vehicle Policy 2018' has been released by the Aam Aadmi Party (AAP)-led Delh...
Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv
FUNDING

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

New Delhi-based car-sharing platform Revv has reportedly secured funds amounting to Rs 100 Crore in a Series B funding round. This particular round was led by the popular South Korean car maker Hyundai Motor. The other investors that participated in this round included Edelweiss and Beenext that are the company’s existing investors.  Along with this, fresh investors like Dream Incubator, Sunjay Kapoor of Sona BLW and Telama Investment were also a part of it. These company is planning to use the funds so raised for the expansion of its product offerings for both long-duration and on-demand use cases. Also, a part of the funds will be used to strengthen its technology team and build brand awareness. The company is also looking to increase its existence to 30 cities in the next 12 month...
Paytm Acquires a Hospitality Startup ‘NightStay’
ACQUISITION

Paytm Acquires a Hospitality Startup ‘NightStay’

The digital payment giant Paytm has taken over a Delhi-based company called ‘NighStay Travels’ that helps the customers to book hotels last minute. The acquisition has been made for around $2o million (around Rs 130 crore) in a cash-and-equity deal, through which Paytm is entering the hospitality space as well. Founded by Nasr Khan and Deepak Negi, NighStay is basically a mobile-based marketplace that offers its customers attractive deals and unbeatable prices for various luxury hotels. The company currently operates across 12 cities that are  Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Goa, Ahmedabad, Jaipur, Kochi, Pune, Agra and Chandigarh. Paytm will bring in the entire NightStay team. Talking about the investment part, it has been reported that the hospitality company had ...
We “Pixr8 News” Raise 2.5 Mn Angel Funding
FUNDING

We “Pixr8 News” Raise 2.5 Mn Angel Funding

Delhi based Online Business Media Platform Pixr8 News has raised 2.5 Million Seed Funding From an Angel Investor. The digital media house plans to use the newly raised funds in expanding its customer base, acquiring readership and hiring new talent that could boost its market reach and business operations. Currently, with offices in Lucknow and Delhi, the organisation has helped many leading Global Companies, SMEs & Startups to promote their brand, business & portfolio. Confirming on the latest funding round, Mr Nitish Singh, CEO and Founder at Pixr8 News said, "We feel lucky to have raised seed funding at such a crucial juncture. We now aim to use the latest funding for company expansion in India and Internationally.  Founded in 2014 by Mr Nitish Singh, Pixr8 News is an emerg...
Japanese Brand Uniqlo to Open Store in India in 2019
News

Japanese Brand Uniqlo to Open Store in India in 2019

Japanese clothing retailer, UNIQLO is set to launch its first store in India at New Delhi, that will mark its international debut into the South Asia Region. Following the establishment of its Indian subsidiary Uniqlo India Pvt Ltd., the company will soon begin recruiting local talents informed as told by firm's spokesperson in a press statement. Uniqlo is a popular Japanese brand known for everyday items such as T-shirts, socks and Jeans and is owned by Tokyo based Fast Retailing Co. The parent company had filed for a licensed brand of UNIQLO with Department of Industrial Policy and Promotion last year. The company is looking forward to introducing UNIQLO brand that will offer high quality, affordable and LifeWear apparel in India and at the same time will contribute to the expansio...
This Indian IT Company have 100+ Clients in 3 Years & 60% Cost Efficiency
Story

This Indian IT Company have 100+ Clients in 3 Years & 60% Cost Efficiency

Globally IT product development & Outsourcing business is worth more than $1 trillion. In a world which is turning more and more digital, when everyone is spending more time online and on smart devices, this market is growing only. Usage of emerging technologies is also rising fast and this is why mid and small tier companies have better chances than big service providers. This is where India based BizBrolly Solutions is focusing with the right technology and right people. We met BizBrolly team at an event and find out how this one-stop solution for all next-gen web, mobile and cloud software engineering platform working with their partners across the globe. They also offer solutions such as the development of IOT Apps, CRM on-the-go, Games and next-gen mobile & Web produc...
Delhi Based Apartment & Hostel Listing Platform Raises 1.4 Crore Funding
FUNDING

Delhi Based Apartment & Hostel Listing Platform Raises 1.4 Crore Funding

Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group. Xander group is a global real estate & investment firm. Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings. "Zocalo" is the Mexican term for a public square or plaza. Earlier, the startup has raised an angel round of funding from investors including Rajesh Sawhney, Founder of GSF Accelerator, Sachin Bhatia, co-founder of MakemyTrip, Mahesh Parasuraman, former managing director of the Carlyle Group, Dheeraj Jain, partner with a UK-based hedge fund, and Advantedge Incubators. As per the platform data, they have an i...
Delhi Metro Introducing Co-Working Coaches For Startups
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Delhi Metro Introducing Co-Working Coaches For Startups

myHQ, a co-working space based in Delhi, came up with the new initiative of re-designing specific metro coaches into a perfectly equipped co-working space in a bid to make its co-workers’ time more productive while commuting. In the recent years, the work life of the modern Indian has changed tremendously making every second of their day precious; after all, time is money. This fast lifestyle leaves no excuse for a missed deadline, network problems or commuting problems such as a jammed road or no proper infrastructure and facilities in the public transport to work. To answer these issues, myHQ began discussing with the DRMC last year to initiate a co-working platform in the metro and making its coworkers’ lives more productive and connected to the online world. The discussion...
GPS based Tracking Platform Raises $250000 Seed Funding
FUNDING

GPS based Tracking Platform Raises $250000 Seed Funding

Roadcast, a GPS based social platform that lets you create and share journeys with your friends and family in real-time raises $250000 in an angel funding round. The funding will use to expand the operations across major cities in India, with a prime focus on states like Punjab, Rajasthan, MP, Maharashtra, Uttar Pradesh and Gujarat. Also, some part of the funding will help to boost the organization's R&D, product structuring, PR and advertising operations, while also helping it to grow in terms of members as well as infrastructure. (more…)
Fintech Startup CashSuvidha Raises $1 Million Funding
FUNDING

Fintech Startup CashSuvidha Raises $1 Million Funding

Indian Fintech startup Cash Suvidha raises $1 million pre-Series A funding from the set of investors including Initia Holdings Ltd, Vipin Agarwal, Partner in India Industrial Growth Fund and others. The new funding round will use to facilitate further lending to SMEs, MSME, individuals and improve the technology infrastructure. Cashsuvidha is targeting users from Delhi NCR, Bangalore, Pune, Hyderabad, Mumbai, and Rajasthan locations to maximize borrowers. According to the company, which registered as a Usha Financial Services receives around 15,000 loan applications per month and disburses loans within two working days. The Delhi based company has raised total $5.2 million debt funding and distributed Rs 152 crore. As per the data, Cashsuvidha 80% loan goes to SME sector. ...
India’s First Electric Car That Will Run 200 km On a Single Charge
Story

India’s First Electric Car That Will Run 200 km On a Single Charge

Hriman Motors LLP, a Delhi-headquartered startup, is working on building a serious 2 Seater electric car with a battery that will never need to be replaced. The RT90 will offer a 4G Connected IoT platform, with 200 kms max travel range per charge. A single charge will take about 10 mins on a fast DC Charger and 1-2 hours on an AC Charger. Currently, the test horse is undergoing road trials and expect to see the car by mid of 2018. You may buy it and drive it at 50 paise per km or choose a Total Cost of Ownership model where you can expect getting an electric car in your home by paying just 6 to 8 rupees per km and no other hidden cost and zero down payment. People with good credit will be able to walk in a dealership swipe their credit card for 600 rupees and drive out with the IoT e...
Delhi Based WiFi Analytics Startup i2e1 Raises Series-A Funding
FUNDING

Delhi Based WiFi Analytics Startup i2e1 Raises Series-A Funding

Delhi based Wifi analytics startup i2e1 (Information to Everyone) raised a Series-A funding of $3 million from philanthropic investment firm Omidyar Network on Wednesday. The round also saw participation from US-based Auxano Ventures, early stage investment firm 3one4 Capital and some of its existing investors. The fresh funds will be used to scale up the existing operations and launch a mobile application. “Using data collected from user sign-ins at brick and mortar establishments, i2e1 creates an analytics intelligence suite similar to Google Analytics, tailored for offline businesses. This strengthens defensibility for offline retailers in comparison to their online counterparts who collate real-time intelligence on their users,” the statement said. Also Recommended Are ...