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Playboy Introduces Cryptocurrency Wallet For its Online Platforms

15Mar By PriyankaNo Comments

USA

Playboy Introduces Cryptocurrency Wallet For its Online Platforms

LOS ANGELES- The Playboy Enterprises Inc, popular as a Playboy magazine announced that the company added an additional service Vice Industry Token (VIT) for online payment. The service will support a number of cryptocurrencies payment across the company's online media, digital and casual gaming businesses. Playboy.TV will be the first of the company's media platforms to feature the new digital wallet which will enable the online platform to accept Vice Industry Token (VIT), among other leading cryptocurrency tokens, for access to the brand's exclusive content. By integrating with VIT, visitors will be able to pay and earn tokens to view Playboy.TV's original content, as well as comment on and vote for content. Reacting to the news, the Head of Operations for Playboy Enterprises, Inc,...

Amazon Launched Prime Music Service in India

28Feb By NitishNo Comments

News

Amazon Launched Prime Music Service in India

E-commerce platform Amazon India launched its ad-free music streaming service today. The service will available for zero cost to its Prime members. "With ad-free streaming at no additional cost to the Prime members, we offer a welcome break from text and voice ads that come between the music," said Sahas Malhotra, director at Amazon Music India. We’ve tied up with the biggest music labels. We’ve put together tens of millions of songs all ad free & at no additional cost to Prime membership.We’ve kept you waiting, but no more. @AmazonIn announces the launch of @AmazonMusicIN @Sahasm. Find out more: https://t.co/VWIH8CMOnM pic.twitter.com/S1RmVMHR0v — Amazon India News (@AmazonNews_IN) February 28, 2018 The service offers unlimited offline downloads and includes a wide range...

Digital lending platform Neogrowth Raised Rs 300 crore

25Jan By AnkitaNo Comments

FUNDING

Digital lending platform Neogrowth Raised Rs 300 crore

Digital lending platform Neogrowth today said it has raised Rs 300 crore funding in a round led by Leapfrog Investments by selling an undisclosed stake. Existing investors including Aspada Investment Company and Quona Capital, through Accion Frontier Inclusion Fund, also participated in the round. The company, founded in 2012, is focused on lending to the small business segment and has now expanded its presence to 21 cities across the country. "India's digital lending space is experiencing massive growth, providing unprecedented opportunity for Neogrowth to apply its pioneering technology approach to enable loans for a rapidly expanding small business merchant segment," co-founder Piyush Khaitan said. Avendus Capital, the deal advisor, said 85 per cent of small businesses in the retai...

IIIT Hyderabad Seed Fund Invests in Rental Management Platform Paymatrix

24Jan By PriyankaNo Comments

FUNDING

IIIT Hyderabad Seed Fund Invests in Rental Management Platform Paymatrix

Property Rental management platform Paymatrix, which streamlines rent and deposit payments and collections by facilitating credit raised seed funding from IIITH. This Hyderabad-based end-to-end digital rent management platform becomes the first startup to be selected and supported by IIITH Seed Fund. Paymatrix enables tenant profiling, rental documentation, rent payment management and risk mitigation for thousands of tenants, landlords and property managers across India. The startup, established in November 2016 has since grown its customer presence into 14+ cities in India and has 4000+ registered tenants and landlords on its platform with more than Rs. 12 crores of rent processed till date. The startups value proposition starts with profiling the right tenant for a landlord u...

Star India Will Promote Indian Content Internationally Using Hotstar

22Jan By AdityaNo Comments

News

Star India Will Promote Indian Content Internationally Using Hotstar

Media major Star India is quite upbeat over the viewership numbers of Hotstar and gearing up to engage more global audience by placing high quality Indian content on its video streaming platform, said a top official. Speaking to Pixr8, Star India Managing Director Sanjay Gupta said, "Hotstar is witnessing over 100 million new users coming to the platform every month across the globe." As part of its strategy to address all age groups, Star is ensuring a strong presence across screens, be it television, iPads or mobile handsets couped with strong content, he explained. To maintain its leadership position in the digital space, the company is investing heavily on content and has acquired broadcasting rights of the major sporting events such as IPL, Kabbadi apart from adding India-spe...

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

17Jan By kriti singhNo Comments

BUSINESS

Patanjali Goes Online, Aims Over Rs 1,000 Crore Sales in 2018

Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online. Besides, Patanjali said it will also expand into new product segments such as bottled water through brand 'Divya Jal' and apparels and footwear under the brand name 'Paridhan' this year. "Online mechanism aims to provide convenient and efficient options along with extension of traditional retail market", said Baba Ramdev. He further added: "We are target...

Leading Food Ordering App Swiggy Launches Operations in Chandigarh

10Jan By NitishNo Comments

News

Leading Food Ordering App Swiggy Launches Operations in Chandigarh

Food ordering and delivery platform Swiggy today said it has expanded its services to Chandigarh and has tied up with over 250 restaurants in the city. The startup, which has gained a substantial market share and was last valued at USD 400 million when Naspers led a USD 80-million investment in May, said it will soon expand to neighbouring cities Mohali, Panchkula and Zirakpur. The restaurants partnered include legendary eateries, trendy cafes, ice cream parlours and national and international Quick Service Restaurants (QSRs) in the city. "The restaurant scene here is a perfect mix of traditional and fast-food, making it a food lover's paradise... Foodies in the city can enjoy food from the finest neighbourhood restaurants on Swiggy," Swiggy Vice President Marketing Srivats TS sai...

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

17Sep By kriti singhNo Comments

News

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period. Incentivizing Wallet Payments By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers paying through these wallets receive exclusive discounts from e-commerce companies. Recently, Amazon launched its Pay Balance feature which allowed customers to pay instantly with pre-loaded Amazon Pay wallets. As an introductory offer, Amazon gave 15% Cashback of upto Rs. 450 to its Prime Members who paid using Pay Balance. Regular shoppers received 10% Cashback of upto R...

Flipkart-Snapdeal Deal: Negotiations On For Higher Offer

6Jul By Press Trust of IndiaNo Comments

News

Flipkart-Snapdeal Deal: Negotiations On For Higher Offer

After Snapdeal board reportedly rejected Flipkart's USD 850 million takeover offer, the two parties are now holding parleys over the USD 150-200 million valuation gap. According to sources privy to the development, Flipkart had initially offered USD 1 billion for the deal but post the due diligence, it made an offer for USD 800-850 million. The offer was rejected by Snapdeal board as it felt the amount undervalues the company as the due diligence report is clean, one of the sources said. "However, the deal isnt off and negotiations will continue. The differences over Snapdeals valuation could delay the process," they added. Emails sent to Snapdeal, SoftBank and Flipkart did not elicit response. SoftBank, Snapdeals largest investor, has been proactively mediating the sale for...

6Jul By AdityaNo Comments

FUNDING

Droom Raises Rs 130 Crore in Latest Funding Round

Online automobile e-commerce platform Droom has raised USD 20 million (nearly Rs 130 crore) in latest funding round led by Integrated Asset Management (IAM) and existing investor, Digital Garage. The fifth round of funding also saw participation from other existing institutional investors Lightbox, Beenos and Beenext. "The funds will be used to strengthen the technology platform, tech-focussed acquisitions and strengthen Drooms brand portfolio," Droom founder and CEO Sandeep Aggarwal told reporters here. Droom has so far raised USD 65 million, including from the latest instalment. Aggarwal declined however to comment on the valuation of the company. "We still have funds in bank from our last round. However, the excess capital will help drive growth," he said. Besides, the compa...

Online Financial Technology Marketplace Rubique Raised $3 Million

29Jun By AdityaNo Comments

FUNDING

Online Financial Technology Marketplace Rubique Raised $3 Million

Online financial technology marketplace Rubique today said it has raised USD 3 million (about Rs 19.38 crore) from its existing investors including venture capital firm Kalaari Capital. The company had last year announced that it intends to raise USD 10-15 million in a series B round. The funds will be used to strengthen technology product with data science methods and explore new product territories in insurance and mutual funds. The money has been invested by Kalaari Capital and Udayan Goyal, managing partner at Apis Partners, a financial services-oriented private equity firm, the company said in a statement. In April last year, Rubique had raised USD 3 million in series A from Kalaari Capital, YourNest Angel Fund, Globevestor and Dexter Angel Circle. "We will be leveragin...

Food Startup Authenticook Raises 1.45 Cr From Booking.com

28Jun By PriyankaNo Comments

FUNDING

Food Startup Authenticook Raises 1.45 Cr From Booking.com

Mumbai based food startup Authenticook raises grant of Rs 1.45 crore (200,000 euros) from Booking.com. The funding will be use to increase the number of cities covered by four-times to up to 40 by end of 2018. "We are present in nine cities now and expect to increase this to 35-40 by the end of 2018," the city-based startups co-founder Ameya Deshpande told Pixr8. He said the company plans to break-even in 2019 and is looking to get a Series A funding sometime next year. By the end of 2019, the company that helps people eat traditional home food with local families, aims to be present in 75 cities, he said. It won a grant of 200,000 euros in a contest run by the worlds largest hotel aggregator Booking.com, for which 700 startups from across the world had applied for. Deshpande sa...