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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...

Uber CEO Quits Trump’s Business Advisory Group

4Feb By NitishNo Comments

News

Uber CEO Quits Trump’s Business Advisory Group

Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included Uber drivers, many of whom are immigrants themselves. "Joining the group was not meant to be an endorsement of the president or his agenda but unfortunately it has been misinterpreted to be exactly that," Kalanick, who had planned to attend a meeting of the group on Friday, said in an email to staff that was seen by Reuters. Uber spokeswoman Chelsea Kohler later confirmed that he had left the group. Social media campaigns had targeted Uber, urging users to delete accounts and opt for rival Lyft Inc. Uber has been emailing users who...

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...

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

1Feb By AdityaNo Comments

ACQUISITION

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

OneLoyalCard.com, a Delhi based restaurant reservation & deals platform has acqui-hired Pocketin, a year old startup which was also operating in the same space. Pocketin’s entire team along with its founders will join OneLoyalCard at their office. This move will help strengthen OneLoyalCard’s technology and quicken its expansion plans across major markets in India. Arpit Aggarwal, Vaibhav Garg and Sahil Mendiratta, all Chartered Accountants and 2nd-Generation entrepreneurs, started OneLoyalCard in July 2015 with a vision to enhance diners’ experience and to provide a comprehensive marketing solution to the restaurants. Currently, OneLoyalCard provides 2,000+ deals at over 500+ restaurants in Delhi, Gurgaon, Noida & Faridabad. Customers can use OneLoyalCard’s website or app to...

TK Kurien named Managing Partner & CIO of Premji Invest

27Jan By AnkitaNo Comments

News

TK Kurien named Managing Partner & CIO of Premji Invest

Premji Invest, the investment arm of Wipro Chairman Azim Premji, on Thursday said it has appointed TK Kurien as its Managing Partner and Chief Investment Officer (CIO) with effect from February 1. Kurien is Wipro's Executive Vice-Chairman and is set to retire from that post at the end of this month. He succeeds Prakash Parthasarathy who has decided to pursue his entrepreneurial aspirations, a release said. "I am delighted to announce the appointment of TK Kurien as Managing Partner and CIO of Premji Invest," Premji Invest Chairman Azim Premji said. "TK, with his decades of experience in running startups and established enterprises and deep financial acumen, is best positioned to take Premji Invest to the next level." "Prakash has built an excellent organisation at Premji Invest as...

19Jan By NitishNo Comments

BUSINESS

Droom Expects Rs 75 Cr Revenue in FY’17

Droom, an online marketplace for automobiles, expects to close this fiscal with a revenue of Rs 75 crore on the back of strong sales on its platform for both new and used cars. Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a statement. Droom is eyeing net annual revenues of Rs 125-150 crore by December 2017, it added. "The company is targeting annualised GMV of INR 4,500-5,000 crore and net annual revenues of Rs 125-150 crore by December 2017, as it ramps up its operations to firmly consolidate its position as the best brand in the Indian online automobile market space," it said. It added that orders placed through the platform grew from 8,232 units in 2015 to 49,974 uni...

18Jan By AdityaNo Comments

FUNDING

CashRich, an Indian Fintech Startup, Raises Seed Funding

CashRich, a Mumbai-based fintech startup, has raised an undisclosed amount in seed funding from three prominent angel investors in the UK. CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. The app is currently in beta phase (pilot-testing) and shall be launched in the coming months. Sougata Basu, Founder of CashRich, said, "We are excited to receive this funding from investors who share our vision to build a technology-driven financial services company that creates user-friendly products. This equity capital infusion is an early validation of our idea and business model." CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The company is currently exploring partnership opportuniti...

7Jan By NitishNo Comments

INDIA

Indian Government Launch Exclusive Scheme For Women Entrepreneurs

The Indian Government would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said today. "It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours (of the scheme). Hopefully, we will launch it before the end of the financial year," B H Anil Kumar, a Joint Secretary in the Ministry, told reporters here. Earlier, he launched myloanassocham.com, a portal, industry body ASSOCHAM said, that provides MSMEs online access to funds at an affordable rate from a mix of banks and financial institutions. Kumar said the figures that the MSME sector contributes 8 percent to the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports are b...

After Raising 25 Crore, Bengaluru Based Eatfresh Shuts Down its Food Delivery Operation

6Jan By NitishNo Comments

News

After Raising 25 Crore, Bengaluru Based Eatfresh Shuts Down its Food Delivery Operation

Bengaluru-based EatFresh, a food-tech startup operated by Chennai-based Ubiquitous Foods Pvt Ltd that also runs the bakery chain Ovenfresh, has shut down its retail food delivery services. The company had altogether raised Rs 25 crore from kalaari capital. The online food venture was launched in August 2015 by Rajiv Subramanian, an IIM-Ahmedabad alumnus and former investment banker with Lehman Brothers, operated a full-stack model and offered Indian and international cuisine in a daily rotating menu at nearly 20 locations in Bengaluru. It used to prepare food at a commissary kitchen and then send the products to 10 distribution hubs. Ovenfresh, a retail bakery chain founded eight years ago caters to 10,000 customers a day across 50 locations in Chennai and Bangalore, according to Su...

Pragun Khaitan Plans to Invest 30 Crores in AI Based Startup

5Jan By NitishNo Comments

FUNDING

Pragun Khaitan Plans to Invest 30 Crores in AI Based Startup

Pragun Khaitan, vice-chairman and managing director of Jindal Aluminium Ltd (JAL), the largest aluminium extruder in India, has recently announced his plan to invest in AI focused start-ups. JAL has always been at the cutting edge of technology since its inception in the year 1968. Over the past two years, the positive upsurge in start-ups focussed on AI based technology has encouraged JAL to fund start-ups focused on developing technologies that automate and improve the efficiency of manufacturing operations. Today the emergence of technology based start-ups is the result of the dynamism and the entrepreneurial spirit that exists in India, making it an excellent opportunity for entrepreneurs as well as for investors. There is tremendous scope for deriving benefits from the technolo...

Boltt, a Delhi NCR Based Startup Developed AI-enabled Smart Shoes

28Dec By NitishNo Comments

Story

Boltt, a Delhi NCR Based Startup Developed AI-enabled Smart Shoes

Boltt, a Delhi NCR-based startup has developed a range of fitness wearables, such as smart shoes and bands, integrated with an artificial intelligence (AI) coach which can provide you a personalised dynamic feedback, based on your real-time performance and training. While a variety of fitness trackers and apps are available, most generate data that users are not able to appropriately interpret. "Consumers usually are not experts in nutrition, fitness activity, sports and wellness and hence deciphering the data most wearables track becomes a challenge," a company official told Pixr8. "There are dietitians and fitness coach subscriptions available with a lot of fitness devices, but that is human as well as time-bound and means additional investment from the consumer," it said. T...

28Dec By NitishNo Comments

News

BookMyShow Sets New Records, Sells 1 Million Tickets a Day

BookMyShow has created history by alone selling over 3 million movie tickets for the Christmas weekend from Friday to Sunday, which also was the opening weekend of mega blockbuster Dangal. This massive achievement indeed makes BookMyShow the most loved online entertainment ticketing brand in the country. For shows on Saturday and Sunday, BookMyShow sold over 1 million tickets a day, thereby contributing to over 35% of Dangal's overall opening weekend collection in India. As a way to celebrate this, BookMyShow has also extended its Blockbuster Week offer till 1st January 2017, wherein users will be able to avail massive discounts on movie ticket bookings while also standing a chance to win fabulous gifts and assured prizes. Ashish Saksena, COO-Cinemas, BookMyShow said, "The year 2016 ...