online | Pixr8 News

3Apr By PriyankaNo Comments

FUNDING

Education Technology Startup Testbook Raises Funding From Matrix Partners India

Matrix Partners India announced today that it has invested an undisclosed amount in education technology startup, Testbook. "We are on a mission to reshape the process of how students prepare for competitive exams. Our endeavor is to deliver world class, personalised learning content for students while solving the problem of access and affordability for the masses," Ashutosh Kumar, founder and CEO of Testbook, said. Founded by a team of IIT graduates, Testbook is an online learning platform enabling students to prepare for recruitment exams for Government jobs such as SBI PO, SSC CGL, IBPS PO, Railways and many more, Matrix said in a statement here. Government jobs exam preparation is one of the largest education markets in India with over 40 million students appearing every year ...

Trifecta Capital Provides 45 Crores of Venture Debt to Bigbasket

1Apr By AdityaNo Comments

FUNDING

Trifecta Capital Provides 45 Crores of Venture Debt to Bigbasket

Trifecta Capital today announced that it has provided Rs. 45 crores of venture debt to SuperMarket Grocery Supplies Pvt. Ltd. that owns and operates the online food and grocery portal bigbasket.com. The funds will be used to meet the capex requirements of the company, including setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits and vegetables. "We have a clearly identified use case for debt. We are present in 25 cities and continue to optimise our supply chain. A significant part of our business is fresh fruits and vegetables, the bulk of which is sourced directly from farms. It is crucial that we maintain the quality right upto the last mile. We are in the last leg of a pilot which will ensure that all fruits and vegetables are ...

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

31Mar By reutersNo Comments

News

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

India's reaction to an Amazon.com website selling doormats resembling the country's flag involved an unprecedented public and private offensive against the US company by Prime Minister Narendra Modi's government, a document shows. Foreign minister Sushma Swaraj publicly threatened in January to rescind visas of Amazon employees if the doormats were not removed from its Canadian website. But a document seen by Reuters shows the government went even further in private, asking its US and Canadian embassies to raise the matter "strongly" with Amazon's senior leadership. India also escalated the matter to Amazon CEO Jeff Bezos and prompted a global audit by the company to "ensure that such products are not listed on any of its other" websites around the world, according to the docu...

Sachin Starts Digital Innings; Launched His App

31Mar By Press Trust of IndiaNo Comments

News

Sachin Starts Digital Innings; Launched His App

Cricket icon Sachin Tendulkar today started his digital innings as a mobile phone app dedicated to him, "100 MB" was launched here. The app is conceptualised and developed by JetSynthesys and has been envisioned by Sachin himself. A song sung by Sachin with the ace singer Sonu Nigam will feature on the app on Sunday at 10 PM. Speaking on the occasion, Sachin said, "Many of you and my friends have asked me what are you going to do in your second innings of life. The first innings went on for 24 years. There are number of things which I am involved in, but something which I am looking forward to starting soon, in fact now, is the digital innings." It will allow me to get closer to my fans. My journey started as a 10-year-old who saw India win the World Cup in 1983, so in my so...

SHAREit’s Global Users Surpass One Billion

30Mar By AnkitaNo Comments

News

SHAREit’s Global Users Surpass One Billion

On March 16, 2017, SHAREit announced that its global user number surpassed one billion, including over 300 million internet users contributed by India, and more than 60% were Indian netizens. Up to now, SHAREit has already covered over 200 nations with monthly active users of nearly 400 million. Consistently ranking No.1 in the GooglePlay Popular Tool List among 33 nations and No.1 in the AppStore Productivity Rating among 62 nations. More than 700 million documents are distributed through SHAREit every day. It has a huge potential of crunching big data. Along with the technological development from Internet to mobile Internet, the world is even more interconnected. But in the current stage, India is facing a lot of obstacles. Among them, the comprehensive construction of internet in...

Despite E-comm Rise, Offline Stores Generating 91% Sale: Study

29Mar By AnkitaNo Comments

ANALYSIS

Despite E-comm Rise, Offline Stores Generating 91% Sale: Study

Despite rise in e-commerce business, brick and mortar stores still generate 91 per cent sales globally, a study has claimed. "Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still being generated in brick-and-mortar stores," the study released by Zebra Technology said today. Zebra Technology interviewed nearly 1,700 retail decision-makers across various retail segments, including speciality stores, department stores, apparel merchants, supermarkets, electronics, home improvement and drugstore chains, globally in 2016. "Around 28 per cent of the sample size were taken from Asia Pacific. Findings at Asia Pacific level are reflective of trends in India," Zebra Regional Sales Director for India a...

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

29Mar By AnkitaNo Comments

FUNDING

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

Route Mobile founders Rajdip and Sandip Gupta today announced an investment of USD 10 million or over Rs 65 crore to start an electronic gaming startup, Cobx Gaming Ventures. "As avid gamers ourselves we have always wanted to contribute to the growth of professional esports," Rajdip, the founder of Cobx, was quoted as saying in a statement. He added the esports category has matured in such a way that gamers can now consider it as a career as well. Mujahid Rupani has been named as chief executive of the new venture, the statement said. Cobx has also announced the launch of an international and Indian esports league. It will also be forming new international teams for popular online games, it added. Route Mobile is a city-based messaging and voice API company serving global clien...

Letsmd.com- One Stop Platform To Compare & Find Best Hospitals & Doctors

29Mar By AdityaNo Comments

Story

Letsmd.com- One Stop Platform To Compare & Find Best Hospitals & Doctors

Seeking to help patients get cheaper hospital treatment and loans to cover the cost, a group of entrepreneurs has launched an online aggregator. Founded by Mr. Prakhar Gupta and Tenzin Thargay, this New Delhi based healthcare startup Letsmd.com provide options to a person who can choose the hospital, the doctor and get the price/cost comparisons from 300 of the 500 speciality tertiary-care hospitals in the capital. Letsmd.com also facilitates loans for patients for a duration of 10-24 months at an interest of 6.5-10 per cent. It closed a USD 750,000 funding from a clutch of angel investors like Calcutta Angels, Waterbridge Ventures and Anupam Mittal, recently, founder Nivesh Khandelwal told Pixr8. The elective medical needs covered by the aggregator includes only IVF treatment, b...

Tips For Jewellery Shopping Under Limited Budget

28Mar By No Comments

BLOGS

Tips For Jewellery Shopping Under Limited Budget

JEWELLERY. We all have at least one essential piece that we wear with pretty much any outfit. From layering to keeping it simple, the addition of something like rings or a necklace can make all the difference, no matter what you wear. If you think that jewellery is only good when it is expensive, you need to take a pause and take a look at the wide variety of options that you can buy. For instance, if you want to buy diamond earrings online or invest in diamond wedding necklace at a shop like Kaylah Diamonds & Jewelry, so if you are willing to shop for jewellery but budget is your major concern, here are a few tips that are going to be very helpful for you. Fixing on a budget If you are going to do budget specific shopping, the first and the most obvious step has to be of fixing a...

Emaar Malls Confirms $800 Million Bid For Souq.com

28Mar By reutersNo Comments

ACQUISITION

Emaar Malls Confirms $800 Million Bid For Souq.com

Dubai's Emaar Malls, a unit of Emaar Properties, said on Monday it had submitted an $800 million bid for Middle Eastern online retailer Souq.com. The bid has so far not been accepted by Souq.com's shareholders, Emaar Malls said in a bourse statement. Local business magazine Arabian Business had previously reported the bid. Last week, sources familiar with the matter told Reuters that Amazon.com Inc had agreed in principle to buy Souq.com. Amazon declined to comment, and a spokesperson for Souq.com did not respond to a request for comment. Emaar Malls’ bid has so far not been accepted by Souq.com shareholders, the Dubai-listed firm said in a stock exchange announcement on Monday. Souq.com, which was founded 12 years ago by Syrian-born entrepreneur Ronaldo Mouchawar have to break...

Indias Leading Ecommerce Company Saves Rs 3 Crore Per Month Using Anti-Fraud Policy

28Mar By Press Trust of IndiaNo Comments

News

Indias Leading Ecommerce Company Saves Rs 3 Crore Per Month Using Anti-Fraud Policy

E-commerce firm Snapdeal today said various anti-fraud measures taken by it have resulted in savings of Rs 3 crore per month for the online platform. "From checks on bogus or fake sellers to identifying fake user accounts, to deploying sophisticated algorithms that identify any suspicious trends, Snapdeal has consistently been working on enhancing security and transparency across the entire ecosystem. "The initiatives have resulted in the company saving close to Rs 3 crore per month," Snapdeal said in a statement today. Snapdeal said that range of initiatives launched at curbing fraudulent online transactions using analytics are accruing massive cost savings for the company. "For instance, based on purchase patterns and past behaviours, the system can identify whether a seller ...

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

26Mar By AnkitaNo Comments

INDIA, News

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

Amid the raging Stayzilla controversy, Karnataka IT Minister Priyank Kharge today said no industry, including startups and vendors, are above law and should function within the parameters and anybody raising money should pay up. Yogendra Vasupal, co-founder of Stayzilla, was arrested on March 14 for alleged cheating and criminal intimidation. "Stayzilla controversy has been blown out of proportion. However the advise I would give in this whole episode is that there are rules and regulations for everyone - whether it is for SMEs, startups or big corporations."If you have raised or taken money, you have to pay up. You cannot say I will not pay," Minister told Pixr8. Asked whether advertising firm Jigsaw alone should be blamed for the entire Stayzilla episode, as alleged by Vasupal, ...