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Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

23Dec By AdityaNo Comments

News

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

In a move that once again underlines its pioneering status in the country’s automobile industry, Droom, India’s pioneering online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle’s background. Generated using Droom’s proprietary technology, the report will address issues related with a vehicle’s safety, trust, and value. Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-ownedvehicle, such as ownership history, title dispute, and vehicle-related issues, ...

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

20Dec By NitishNo Comments

News

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

Online travel firm Yatra Online Inc has been listed on the American stock exchange, Nasdaq, under the ticker symbol "YTRA" with effect from today. Yatra said it has completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. As a part of this process, Yatra has raised more than USD 92.5 million of primary capital from global investors, and the merged entity, 'Yatra Online Inc', will continue to be led by Yatra's management team, Yatra Online Inc said in a statement. Commenting on the development, Yatra Co-founder and CEO Dhruv Shringi said: "It's a matter of great pride for us to be one of the few Indian companies to be listed on Nasdaq". Over the course of the past decade, Yatra has established i...

20Dec By AnkitaNo Comments

FUNDING

Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding

Online jewellery marketplace, has raised USD 50,000 in seed funding from a group of individual investors. The funds will be used for product development, team building and marketing, it said in a statement. Founded in early 2016 by Ritesh Oza and Abhijith Shetty, VivoCarat is an online portal of diversified jewellery brands that showcases striking and spectacular jewellery products. VivoCarat has successfully managed to join hands with more than 30 reputed brands across Mumbai & other cities like Jaipur, Surat, Kolkata and New Delhi." said Ritesh Oza, CEO, VivoCarat.com. We add a minimum of 100-150 new designs on the site every month and will continue to bring more varieties for customers across the country.

19Dec By AdityaNo Comments

FUNDING

NoBroker.com Raises Rs 50 Crore Funding in Series B, Total Received Funding is Now 122 Crores

NoBroker.com has raised USD 7 million (about Rs 50 crore) as part of its series B funding. This is the extension of the USD 10 million Series B round announced few months back this year, taking cumulative amount to USD 17 million. This extension round is led by Korean investor KTB Network and saw participation from existing investors - SAIF Partners, BEENEXT and Digital Garage, it said in a statement adding that the total funding raised till date by NoBroker.com amounts to USD 20 million. "Our aim is to use these funds to expand rapidly and move towards becoming the number one online real estate player in India in terms of closed transactions in next 24 months," NoBroker.com CTO and co-founder Akhil Gupta said. The consumer-to-consumer platform provides a select number of owner contac...

Fintech Startup Lendingkart Expected to Disburse Rs 1,600 Cr Loan By 2017 End

19Dec By NitishNo Comments

News

Fintech Startup Lendingkart Expected to Disburse Rs 1,600 Cr Loan By 2017 End

Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said. The company, which caters to small businesses generating revenues of Rs 1-15 lakh per month, disburses loan through digital channel, Lendingkart Group Co-Founder and CEO Harshvardhan Lunia said. "As a platform that leverages the power of mobile and web technologies, we have no geographical constraints. We have disbursed loans of Rs 400 crore since inception in 2014. In next one year, we are looking at a growth of four times at Rs 1,600 crore," Lunia said. Simple processes and flexible offerings make it a lender of choice, hence a multi-fold growth ov...

13Dec By AdityaNo Comments

FUNDING

Delhi Based Startup Fresh Food Concepts Secures $2 Million in Pre-series A Funding

North India's leading startup for cold-pressed juices, Fresh Food Concepts has secured $2 million in a pre-series A round led by Angel investors Siddhartha Gupta and Ashvin Chadha. This announcement comes as the Delhi-NCR-based startup moves its flagship product Juice Up into the next phase of expansion. Available in over 250 locations across Delhi NCR, Juice Up offers a range of 100% raw and fresh cold pressed juices. Speaking about recent developments, Riju Gupta, Founder CEO, Fresh Food Concepts said, "We are on target to hit 75,000 bottles per month so the timing of this investment is very strategic. Delhi NCR has 50 million people, making it bigger than many countries in the world. This gives us a great opportunity to grow 20X in this region alone." The current round of funding will ...

Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

10Dec By PriyankaNo Comments

News

Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

Hubli-based Aissel Technologies Pvt. Ltd. has been chosen as a winner in Startup Karnataka Top Tech 25 Awards 2016. At the BengaluruITE.Biz event on 30th November, the award was presented to Aissel by IT Minister Priyank Kharge, former Infosys CEO Kris Gopalkrishnan, Principal Secretary of ITBT V. Manjula and Director of ITBT Tanushree Dev. Co founders Suraj Prabhu and Mahesh Grampurohit received the award. Aissel Technologies is an enterprise cloud software company based in Hubli. Their medical thought leader management solutions are deployed at leading global life sciences companies. Aissel's solutions help their life sciences customers understand the landscape of key opinion leaders in any disease area and create targeted communications strategies thereby achieving stronger professio...

5Dec By AdityaNo Comments

FUNDING

Indore Based Fitness App Froyofit Raises Pre-Series A Funding From Indian Actress

Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount of Pre-series A funding in a round led by Dr. Pooja Gandhi, who is an Indian actress and producer and works mainly in Kannada and Tamil cinema and has two Filmfare awards to her name. Pooja will also be the face of Froyofit in South Indian market. Froyofit is a fitness app available on Android and iOSplatforms and caters mainly to the tier-2 market of fitness enthusiasts. "This capital will give us additional resources to expand strategically into new markets, innovate rapidly, and deliver on our vision to make fitness discovery easy and accessible to everyone," said Piyush Jain, Founder of Froyofit. "The response to the concept of fitness discovery is really overwhelming in tier-2 markets and we consi...

Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform

24Nov By NitishNo Comments

FUNDING

Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform

Healthtech startup Idea Bubbles has raised a Pre-Series A round of INR 4.5 Cr led by the IvyCamp platform. Idea Bubbles was founded in 2014 by IIT Delhi-IIM Calcutta alumnus and serial entrepreneur Gururaj Potnis. It has developed ‘Eureka Forbes Good Health’ (EFGH) platform that enables doctors to offer patients tele-consultation services underpinned with several offerings such as digitized medical records. Idea Bubbles has over 12,000 patients and 600 doctors on its roster and has completed 1,000 transactions. This fund raise was facilitated by IvyCamp, a Unified Innovation and Entrepreneurship Platform, that leverages the Global Alumni Networks to help entrepreneurs become successful. Eureka Forbes was one of the key investors which participated in this round facilitated by IvyCamp...

Infosys Invest 14.5 Crores in AI Based Startup UNSILO

18Nov By AnkitaNo Comments

FUNDING

Infosys Invest 14.5 Crores in AI Based Startup UNSILO

Infosys a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of 14.5 Crores in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. UNSILO uses a unique combination of machine-learning and natural language processing to analyze large quantities of text and improve the speed and effectiveness of knowledge workers across many industries. “We see Denmark as a global hub of world-class innovation with talented people, a good education system and a track record of entrepreneurial success. UNSILO have built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes. We will partner with UNSILO to bring their artifi...

Like Emerge App Why Your First B2B SaaS Should Be Free

18Nov By PriyankaNo Comments

Story

Like Emerge App Why Your First B2B SaaS Should Be Free

A good product often is the lifeline of many startups, and represents the collective dreams of the team. A good product should also be free or really low cost, if the company is looking to genuinely make society for the better. To that end, we want to offer our software free for the first user of each company. More than just making a quick buck, we want to bring real value to SMBs, of which there are 50 million in India alone. Interested? EMERGE App is tackling a major headache that trading and distribution companies have as more avenues have opened up for consumers and companies to interact. Order processing and inventory management solutions are highly sought after, numbering about 77 million results alone in Google, as companies need to cut down the inefficiencies, save costs, ...

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

17Nov By AdityaNo Comments

ACQUISITION

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

Social media giant Facebook acquired facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. "How people share and communicate is changing and things like masks and other effects allow people to express themselves in fun and creative ways," a Facebook spokesperson said in an email. "We're excited to welcome the FacioMetrics team who will help bring more fun effects to photos and videos and build even more engaging sharing experiences on Facebook." Silicon Valley-based Facebook did not disclose financial terms of the deal to buy FacioMetrics, which was spun out of Carnegie Mellon University in Pennsylvania. FacioMetrics was founded in 2015 and specializes in using artificial intelligence to give facial...