online | Pixr8 News

9Feb By AnkitaNo Comments

FUNDING

MobiKwik Looking To Raise Fresh Funding in 3 Months

Digital payments firm MobiKwik today said it is looking at raising fresh funding in three months as it revs up expansion to compete head-on with rivals like Paytm. The company, which has raised over USD 85 million in funding so far, also expects to break-even by middle of next year. "We are looking at raising a decent amount of fund. While we are well-capitalised at this time, fresh funding will help us expand our customer base of merchants and consumers. We have grown at a massive pace in the weeks after demonetisation and the funds will help us strengthen our operations and expand," MobiKwik founder and CEO Bipin Preet Singh told PIXR8. He, however, declined to comment on the amount being raised as the discussions are still on. "We are talking to both new and existing investors....

Indian Government Receives Over 1,300 Complaints Against E-commerce Company

8Feb By NitishNo Comments

INDIA, News

Indian Government Receives Over 1,300 Complaints Against E-commerce Company

Government has received over 1,300 complaints against direct selling and e-commerce companies till December 2016, Parliament was informed today. It also made clear that there is no proposal to bring in a separate law to regulate e-commerce platforms. Placing the details of complaints received by its National Consumer Helpline against direct selling and e-commerce companies in the Lok Sabha, Minister of State for Consumer Affairs C R Chaudhary said, "The received complaints were dealt with as per consumer grievance redressal procedure." A consumer can file a complaint relating to e-commerce transactions in the appropriate consumer forum established under the provisions of the Consumer Protection Act, he said in his written reply to the Lower House. As per the data, 1,386 complaints...

Facebook Nears 2 Billion Users Mark: Report

7Feb By Press Trust of IndiaNo Comments

News

Facebook Nears 2 Billion Users Mark: Report

Popular social network Facebook is set to become the first 2 billion-user company this year, according to a media report which attributed its "impressive" user growth to "promotional data plans" from countries like India. Facebook had 1.86 billion monthly active users as of the end of 2016, up from 1.79 billion the previous quarter and 1.59 billion a year earlier, the company said in its fourth quarter earnings report. Chief Financial Officer David Wehner said Facebook added more users this quarter compared to a year earlier than any quarter since the company went public in 2012. Wehner attributed the "impressive" user growth to "promotional data plans" from third parties in countries like India as well as Internet.org, Facebook's free stripped-down Internet offering in developing...

4,000 Karnataka Startups Received Investment of $1 Billion in 2 Years

6Feb By PriyankaNo Comments

FUNDING

4,000 Karnataka Startups Received Investment of $1 Billion in 2 Years

Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, and over 4000 start-ups have received investments of USD 1 billion over the past two years, Karnataka Governor Vajubhai Vala today said. In his customary address to the joint sitting of the state legislature reflecting government's policies and priorities, he said public transport and scientific traffic management are essential to address the traffic problems faced by this IT city. "Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, which are growing at a rate of 10 per cent to 12 per cent a year and creating new avenues for employment," Vala said. He said "With the launching of a new start-up policy the state has retained its lead as one...

E-commerce Firm Snapdeal to Make Profit in Two Years: CEO

6Feb By reutersNo Comments

Entrepreneurs Talk

E-commerce Firm Snapdeal to Make Profit in Two Years: CEO

Indian e-commerce firm Snapdeal expects to turn profitable in the next two years, its CEO said, as the company cuts costs and boosts efficiency in a market currently dominated by homegrown Flipkart and US internet giant Amazon. Kunal Bahl, who co-founded Snapdeal in 2010, also told Reuters in an interview that the online marketplace provider backed by Japan's SoftBank Group did not immediately need to raise capital unless it makes an acquisition. A burgeoning Indian middle class' rapid uptake of wireless high-speed internet has prompted buyers to shop online, boosting sales at e-tailers and making the country's internet services market one of the world's fastest growing. The value of goods sold online in India is expected to jump tenfold to USD 188 billion by 2025, according to a ...

99HomeMade.com- A Startup Giving You a Bite of Homemade Food

6Feb By NitishNo Comments

Story

99HomeMade.com- A Startup Giving You a Bite of Homemade Food

As you bunker down in your house, probably listening to light music or binge watching and suddenly realize your stomach growls for food! Fortunately, if you are in Gurgaon, you can cater to your stomach by serving it the TRULY Homemade food and that too without creating a big hole in your pocket! With 99HomeMade.com, now customers can get a totally customizable meal at tremendous low costs of just Rs. 99/ onwards on their doorsteps. “At 99homemade.com you just need to select your meal from immense varieties, from breakfast to dinner. You can customize your meal or plate select according to your diet and like, in addition you can add chutney and other additives, which are freshly prepared.” Encountering the Brand for the First Time The 99Homemade.com comprises of several, what...

Google sells satellite imaging business Terra Bella to Planet Labs

5Feb By reutersNo Comments

ACQUISITION

Google sells satellite imaging business Terra Bella to Planet Labs

Alphabet Inc's Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists. The financial terms of the deal were not disclosed. As part of the deal, Planet Labs will acquire the Terra Bella business including the SkySat constellation of satellites, Alphabet said. bit.ly/2kqmTfL Google will enter into a multi-year contract to purchase Earth-imaging data from Planet Labs after the deal closes. Google had acquired Terra Bella, originally known as Skybox Imaging, for $500 million in 2014. The deal will help Planet Labs broaden its available data and add new customers. Planet Labs is one of several startups aiming to harness technology allowing satellites to ...

4Feb By AnkitaNo Comments

News

India Continues to Be a Rather Large Investment For Us: Amazon

E-commerce giant Amazon remains bullish on India, introducing new features for customers and sellers, even as the region continues to weigh heavy on the US-based company's finance. For the December quarter, Amazon's International business posted an operating loss of USD 487 million, up significantly from USD 108 million in the year-ago period. Its North America business had an operating income of USD 816 million (up 28.3 per cent year-on-year), while that from AWS was higher by 59.6 per cent to USD 926 million during the said quarter. Overall, net sales was up 22 per cent to USD 43.7 billion, while net income grew 55.3 per cent to USD 749 million in the fourth quarter. "I'd point out India which continues to be a rather large investment for us... So, it's still very early. We cont...

With 5 Lakh Monthly Visit, Couponhaat Become Delhi’s Leading Coupon & Deals Website

3Feb By AnkitaNo Comments

Story

With 5 Lakh Monthly Visit, Couponhaat Become Delhi’s Leading Coupon & Deals Website

Hola amigos, people-who-love-discounts! We’re just kidding. We all love discounts as much as we love free food. Talking of discounts; there are vouchers, gift cards, buy 1 get 1 free things, cashback, and then to combine all these, we have COUPONS! Coupons and cashback bring happiness to us in loads. Especially for us, Indians, who love to save money and when demonetization is hitting us hard in the guts. Some stats also said that out of 39 million total online shoppers, online shoppers searched coupons and deals for a total of about 37.05 Million in India. Mobile internet use resulted in a 14.2% growth of traffic in the Indian online retail market. So Couponhaat a Delhi based startup which is India’s leading coupons and deals company helps online shoppers to discover the best deals ...

Leading Indian Dating App Woo Acquires US based DUS Dating App

3Feb By AdityaNo Comments

ACQUISITION

Leading Indian Dating App Woo Acquires US based DUS Dating App

Leading dating app Woo forges ahead in the online dating space by acquiring DUS, a Los Angeles-based dating app focused on the South Asian community. The move will further strengthen its positioning by connecting Indians all over the world. DUS was specifically designed for South Asian singles to provide them a dating opportunity within their community. Woo, which has been the pioneer in the online dating industry of India since its inception in 2014 is now gearing up for a major global push. This acquisition is a natural step in driving its vision of connecting like-minded singles around the world. Woo announced today that they have formally signed an agreement with DUS and now will acquire its platform and brand to increase their foothold in US, one of the largest markets for the o...

Uber to Suspend its Ride-Hailing Service in Taiwan From Feb 10

2Feb By reutersNo Comments

News

Uber to Suspend its Ride-Hailing Service in Taiwan From Feb 10

Uber Technologies Inc said it will suspend its service in Taiwan from February 10, the latest salvo in the wrangle between the island's authorities and the global ride-hailing service company. Late last year, Taiwan's legislature finalised regulations raising fines against unlicensed ride-sharing services, targeted at Uber, which said at the time that was the highest level for such fines globally. "Today, we are announcing our intention to pause our Taiwan service starting Friday 10th February. We hope that pressing pause will reset the conversation and inspire President Tsai (Ing-wen) to take action," Uber said in a statement on its website. The statement did not specify what action Uber wanted the president to take.

Digital Advertising to Cross Rs 255 Billion Mark in 2020: Report

31Jan By Press Trust of IndiaNo Comments

ANALYSIS

Digital Advertising to Cross Rs 255 Billion Mark in 2020: Report

Digital advertising in the country is expected to cross the Rs 255 billion mark in 2020, growing at a CAGR of 33.5 per cent, a CII-KPMG report said. According to industry estimates, digital advertising in the country is projected to be at Rs 7,044 crore by end of 2016. "India is one of the fastest growing advertising markets globally with an estimated growth of 15.5 per cent in 2016, driven by a large consumer base and a burgeoning e-commerce industry". "Although the share of digital advertising spend remains low at 12.7 per cent in 2016, it is one of the fastest growing mediums at an expected CAGR of 33.5 per cent (2015- 2020) to cross Rs 255 billion in 2020," said the Digitisation to Drive Marketing Strategies: CII-KPMG report. It noted that of the total digital advertisement sp...