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Startup Cricket League- An IPL for Startups in India

18Jul By AdityaNo Comments

News

Startup Cricket League- An IPL for Startups in India

Startup Cricket League, SCL is India's first sporting event which is tailor made for startups to celebrate entrepreneurship and sportsmanship by taking a day off from their everyday problem solving trivium. Everyone loves a good game of cricket. We being Indians are exceptionally crazy about the sport. This craziness when combined with the frenzy and energy of the startup ecosystem gave birth to Startup Cricket League, IPL for Startups in India. The journey of a startup is all about the opportunities. SCL is a platform for Startups to pitch their ideas to the investors and mentors. It is also an expo for Startups to showcase their products to the hot shots of Startup Community and a bigger outreach for your product which it deserves. However, the most interesting highlight of the ev...

Electronicsewa: A Solution To Complete Mobile Protection

9Jul By RishabhNo Comments

Story

Electronicsewa: A Solution To Complete Mobile Protection

With the world going digital and everything on our fingertips, our mobile phones have become quite an integral part in our daily lives! Eventually most of our daily domestic as well as office-work are now done via mobile-phones. Hence nowadays the fear of losing our phones is much more than that of our wallets! Our mobile phones now not only have access to our personal lives and data but is a house of all our account details and its access. Mobile phones are now an irreplaceable item that beside its greater support, now needs a better care! “Every day new mobile-phones are launching; the demands are very high but the supply of services is very minimal! There is a hassle of companies in the market providing an abundant supply of handsets, who often fail in providing an equivalent number...

Vibrant Gujarat Startup Summit To Be Held In October

8Jul By RishabhNo Comments

News

Vibrant Gujarat Startup Summit To Be Held In October

Gujarat government would be organising Vibrant Gujarat Start-Up Summit, a first of its kind event dedicated to the start-ups, on October 21 and 22 at Mahatma Mandir in Gandhinagar here, a senior official said. It would be in the run-up to the Vibrant Gujarat Global Summit to be held in January next year, said Additional Chief Secretary, Industries and Mines, Arvind Agarwal. "To focus more on this sector, we have decided to organise a special summit for start-ups. This summit is for everyone who is interested in learning how to build and grow a business from ground up," said Agarwal at a press conference. It would be organised in association with FICCI and Entrepreneurship Development Institute of India (EDI). The event will see participation of more than 3,500 delegates from across I...

5Jul By NitishNo Comments

FUNDING

Fintech Startup NeoGrowth Raises $35mn

Fintech startup NeoGrowth has raised USD 35 million (about Rs 225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital. A significant portion of the equity was raised in the current round and other existing investors ? Omidyar Network, Aspada Investments and Khosla Impact ? also participated in the funding, IIFL said in a statement here. NeoGrowth will use the funds to help small retailers, including qualified borrowers with little or no credit history, access credit in the country, it said. Using a data and technology-driven approach, the company provides small and mid-sized retail enterprises with flexible, innovative loan products that are secured against retailers future credit card and debit sal...

Ex-Google, SAP Executives Launch Home Inspection Services ‘HomeInspeKtor’

5Jul By Press Trust of IndiaNo Comments

News

Ex-Google, SAP Executives Launch Home Inspection Services ‘HomeInspeKtor’

Two former Google and SAP executives have joined hands to launch Home Inspection services in India and plan to expand the platform to North America, the UK, Singapore and the Middle-East. Phi Property Management Services (PPMS), that performs independent third party end-to end pre-delivery checks - inspection services in the Real Estate domain - has launched operations under the brand name "HomeInspeKtor" in Bengaluru with plans for other cities to follow. "Home Inspection service is a limited, non-invasive examination of the condition of a home/apartment/villa in connection with the sale/renting of that property," company's Chairman and COO B R Nagaraj said. As a first step, PPMS has partnered InterNACHI (the International Association of Certified Home Inspectors) in setting up the I...

American Giant MasterCard Invested An Undisclosed Amount In RazorPay

1Jul By RishabhNo Comments

FUNDING

American Giant MasterCard Invested An Undisclosed Amount In RazorPay

American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for small and medium enterprises and platforms. This marks the second equity-based investment done by MasterCard. Bengaluru-based Razorpay, which works with online product and technology businesses such as cloud telephony company Knowlarity and lifestyle ecommerce portal Nykaa, will be part of a six-month long MasterCard Start Path programme for startups targeted at technology development. "The association with MasterCard opens up the network of banks it works with. As our product focuses on reducing the failure rate of transaction, this will help us bring down the number of hops," said Harshil Mathur, cofounder of Razorpay to the source ...

1Jul By RishabhNo Comments

FUNDING

Travel Application Instago Raises $500K in Angel Funding

Instago, an intra-city travel application that helps it's users to compare prices and book the cheapest mode of transport across different categories has raised $500K from multiple investors including angel investor Ramit Sethi of Strongbox Ventures. (more…)

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

30Jun By AnkitaNo Comments

FUNDING

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

Indian social media startup Sagoon plans to raise USD 1.8 million by diluting about 10 per cent stake in the company. "We are raising maximum of USD 1.8 million at a valuation of USD 15 million. Per share selling price is USD 3.75," Sagoon founder Govinda Giri said. Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll. "The amount of capital raised will be used to expand the platforms user base, enhance product infrastructure and develop and launch a mobile app," Giri said. Sagoon also plans to introduce its social smart card later this year which rewards users for interacting with the sites features. Users will receive a free smart card when they...

Airbnb Seeks For $30 Billion Valuation in New Funding Round: Source

29Jun By reutersNo Comments

News

Airbnb Seeks For $30 Billion Valuation in New Funding Round: Source

Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday. Airbnb intends to use the financing to support new investments and growth opportunities, the source added. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year that valued the company at $25.5 billion. The San Francisco-based startup, which operates in nearly 200 countries, also secured a $1 billion debt facility in June from some big U.S. banks to finance its expansion plans. The rise of Airbnb and other such startups have increased the pressure on the hotel bookings business of established travel companies such as Priceline Group Inc and Expedia Inc.

Ken Miyauchi Will Replace Nikesh Arora as Softbank President & COO

22Jun By NitishNo Comments

News

Ken Miyauchi Will Replace Nikesh Arora as Softbank President & COO

SoftBank Group Corp said Wednesday that Ken Miyauchi, head of the group's Japanese telecommunications operations, would become president and chief operating officer to replace Nikesh Arora. Arora, the former Google executive handpicked by the SoftBank founder Masayoshi Son as his successor, has abruptly quit as president after it became clear that Son wanted to remain at the helm longer than first planned. The 48-year-old former Chief Business Officer at Google decided to call it a day as his 58-year-old boss Son said he was planning to quit at the age of 60 but felt he was “still a bit too young”. The development interestingly came just a day after Arora getting a clean-chit from a special committee set up by SoftBank to look into the allegations against him from some shareholder...

Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter

21Jun By NitishNo Comments

News

Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter

In line with trending terms like "Brexit" and "Rexit", now Twitterati have coined a new expression "Nexit" after India-born Nikesh Arora announced his surprise resignation as President and COO at SoftBank. For the past several days, two words Brexit and Rexit have been trending. Brexit in short stands for Britains possible exit from the European Union, while Rexit word came up after RBI Governor Raghuram Rajan decided against seeking a second term. On Twitter, Aroras surprise exit was being referred as #Nexit, in line with the trending terms -- #Rexit (Rajan deciding not to take a second term) and #Brexit (Britains possible exit from the EU). India-born Nikesh Arora, President and COO at Japanese conglomerate SoftBank, today said he is stepping down from his role as Masayoshi ...

Legal Platform LawRato Launches LawBot, India’s First Legal Advice Chatbot

20Jun By AdityaNo Comments

News

Legal Platform LawRato Launches LawBot, India’s First Legal Advice Chatbot

LawRato, India's leading lawyer search and legal advice platform, launched the country's first self-help Facebook Messenger chatbot today nicknamed 'LawBot', the chatbot that lets users search for legal answers, ask a free legal question and find the best lawyer for their legal requirement. Users can also book a consultation with the lawyer recommended by the bot by paying a nominal consultation fee. The bot can be accessed through https://m.me/lawrato/ or by sending a message at LawRato's Facebook page. Available across India, LawBot allows users to enter their legal problem in the form of a question and throws up the most relevant answers and recommended lawyers for the particular problem using an AI algorithm developed in-house at LawRato.com. The users can then either continue by ...