August 13th, 2018The Swedish furniture manufacturer IKEA, which recently inaugurated its operations in Hyderabad, has announced that the company will soon be using electric rickshaws for the purpose of home delivery of its products.
IKEA is one of the largest furniture retailers in the world. The company designs and sells off ready-to-assemble...
July 20th, 2018A payments and group dining company Zaggle has acquired Payment app Click & Pay in a cash-and-stock deal.
With this acquisition, Zaggle will develop an expense management platform that would help create a vibrant corporate ecosystem where millions of corporates get the opportunity of consolidating and centralizing all travel,...
June 16th, 2018India’s largest private sector fund ICICI Venture has sold off 30% of its stake in hospital chain Krishna Institute of Medical Sciences to its competitor General Atlantic worth Rs 850 crore. Through this deal, the company is expected to make close to four-fold returns on its initial investment in four years.
The valuation of the...
June 4th, 2018The Mukesh Ambani-led Reliance Jio Infocomm has started its hunt for a team of experts to work under Akash Ambani regarding the Artificial Intelligence (AI) of the firm. Apart from AI, the company is also seeking for young people to work on machine learning and blockchain technology (a digital ledger in which transactions are...
June 2nd, 2018Swedish Furniture Making company Ikea could bring in a price war in India as it is all set to open its Hyderabad store, a first in the country, offering about 15% of its product at Rs. 200 or less, as informed by a company spokesperson.
Per Hornell, Ikea Market Manager for Maharashtra said,
We are very confident that we will enter...
May 19th, 2018FreightBazaar, India’s first online portal for truck hiring intended for businesses, recently raised a pre-Series A funding round with Omphalos Ventures India leading the funds of an undisclosed amount. Ah! Ventures, a startup that aims at bridging communication between investors and businesses, was essential in sealing the...
March 27th, 2018Microsoft installed its first ‘Garage’ in Hyderabad to encourage employees to come up with new products and solutions relevant to the modern age such as Internet of Things (IoT), robotics and quantum computing.
The huge facility of 8,000 sq. ft. is the Microsoft’s second biggest unit of the type worldwide with the Redmond...
March 21st, 2018Hyderabad-based financial company BASIX Sub-K iTransactions Ltd has raised Rs. 350 million funding to deepen their efforts towards greater financial inclusion in India.
The funds were raised from global nonprofit and financial inclusion pioneer Accion, and Nordic Microfinance Initiative (NMI), a public-private partnership, owned...
August 6th, 2017Startup is a risky business. 'The million dollar idea' alone won't suffice. One has to have better understanding about the customer targeted, and how to reach out to them; followed by extensive planning and then finally, an eventual place for the launch of your product(s). It’s very important that one finds the right city according to...
April 8th, 2017Technology company Smartron today said it will raise up to Rs 250 crore more and plans to more than double its workforce over the next 18 months.
Smartron, a Hyderabad-based start-up today celebrated its first anniversary of the public launch and introduction of tbook, tphone, and ttab devices and tronxIoT platform.
The day also marked...
March 25th, 2017The two-day Rural Innovation and Startup Conclave (RISC2017), which aims to provide a platform to rural innovators and start-ups, today got underway at the National Institute of Rural Development and Panchayati Raj (NIRD & PR) here.
"Rural Innovators Startup Conclave is a good beginning to connect all dots to take science and...
January 30th, 2017Cab aggregator Uber today commenced operations of uberMOTO, its bike-sharing product, in Hyderabad. The launch of the product was announced at an event held at T-Hub here last month in the presence of Travis Kalanick, Founder and CEO, and K T Rama Rao, Telangana Cabinet Minister for IT, Industries & Commerce.
Driver partners of...
