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Bengaluru Most Hospitable to Tech Startups; NCR Next Best

22Aug By PriyankaNo Comments

ANALYSIS

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

(ANI): Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study. The study done in association with the thought arbitrage found that in the technology driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and UK with over 4,500. India's tech start-ups number around 4,200 up to 2015. In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of start-ups in both India and China was 10,000 each. The US is at the number one position among...

LatestOne.com To Invest Rs 15 Crore To Strengthen Its Customer Base

10Jul By RishabhNo Comments

FUNDING

LatestOne.com To Invest Rs 15 Crore To Strengthen Its Customer Base

LatestOne.com, a tech and mobile accessory retailer is planning to invest Rs 15 crore to double its customer base and improve operations. Last year in December Latestone.com had raised a total funding of Rs 50 crore out of which Rs 20 crore was from Palred Technologies Limited (PTL). The company showed great potential after its launch in June 2014 by Reddy. Now with this investment, the company plans to open over 100 franchise-based kiosks in malls over the next few years, a senior executive said. "We are looking to invest Rs 15 crore into strengthening our operations and looking to double our customers to 2 million by the end of the fiscal," Palem Srikanth Reddy, Chairman of Palred Technologies said. LatestOne.com has done 1 million successful deliveries with a customer base of 1.5 m...

Bengaluru Metro Will Now Be The Refuge Of Startups!

4Jul By RishabhNo Comments

News

Bengaluru Metro Will Now Be The Refuge Of Startups!

Finally, a good news for the entrepreneurs of Bengaluru, If you are founding a Tech based startup and are looking for a not too expensive office, Bangalore Metro is just the right place! The Bangalore Metro Rail Authority is inviting emerging businesses to set-up their offices in five of its stations, following the success of 'Rsmakerspace', Workbench Projects, that opened at the Halasuru station in February 2015. "It is not like Workbench Projects, which is renting out space (at the Halasuru metro station) on a monthly basis. These (startup) outlets will be proper offices." BMRCL currently has 31 operating metro stations from Baiyappanahalli to Mysuru Road and from Nagasandra to Sampige Road. Startups can bid for 31 office spaces of 100 sqft to 4,000 sqft at the Byappanahalli, Swam...

1Jul By NitishNo Comments

INDIA

HCL Infosystems Delivered First Made in India Communication Network For Indian Armed Force

HCL Infosystems, one of India's premier IT services, distribution and digital solutions company, has enabled the design, development and deployment of Defence Communication Network (DCN) - the first tri-service communication and IT network of the Armed Forces. The network has been fully designed and developed in India. The DCN was today dedicated to the nation by Shri Manohar Parrikar, the Hon'ble Raksha Mantri, Government of India. Speaking on the occasion, Mr. Premkumar Seshadri, Executive Vice-chairman and Managing Director, HCL Infosystems Ltd. said, "This is a moment of great honour for us. HCL Infosystems is proud to design, develop and deploy the first ever converged tri-service communication and IT network for the Indian Defence Forces. The network has been entirely designed and d...

Chinese Tech Giant Baidu Planning of Mass-Producion of Driverless Cars

28Jun By AdityaNo Comments

CHINA

Chinese Tech Giant Baidu Planning of Mass-Producion of Driverless Cars

Chinese tech giant Baidu today said it plans to begin mass-production of driverless cars in five years as part of its efforts to get ahead of its US rivals Google and Tesla Motors in the autonomous vehicle technology. President Zhang Yaqin said Baidu will carry out road tests of driverless cars in 10 Chinese cities, with the aim to commercialise the technology in three years and realise mass production in five years. The move is a significant step for the Beijing-based tech company trying to get ahead of Google in building autonomous cars, and is marshalling the resources to advance the effort. During the ongoing Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin, Zang told state-run Xinhua news agency that the core technology of Baidus driverless cars, was the "B...

Delhi 22nd in Top 25 Global Cities For Women Entrepreneurs

24Jun By Press Trust of IndiaNo Comments

News

Delhi 22nd in Top 25 Global Cities For Women Entrepreneurs

Delhi, at the 22nd spot, is the only Indian city to feature in tech giant Dells 2016 Women Entrepreneur Cities Index (WE Cities) that looks at a city's ability to attract and foster growth of women-owned firms. New York, the San Francisco Bay Area, London, Stockholm and Singapore were the top five cities for high-potential women entrepreneurs, Dell said in a statement. "WE Cities is the only global gender-specific index that looks at a city's ability to attract and foster growth in firms founded by women entrepreneurs," it added. Cities, instead of countries, were identified in order to show the impact of local policies and programs in addition to national laws and customs, it said. The report takes into account characteristics like capital, technology, talent, culture and mark...

Payments App Circle Raises $60 million, Open Office in China

23Jun By AnkitaNo Comments

FUNDING

Payments App Circle Raises $60 million, Open Office in China

U.S.-based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it seeks to expand in the world's second-largest economy. The latest funding comes from existing investor and Beijing-based tech investment fund IDG Capital Partners, as well as Chinese firms including Baidu, CICC Alpha and Everbright Investments, Circle's co-founder Jeremy Allaire said. "We're not aiming to compete with the domestic market as that would be a suicide mission given the strength of local players like Alipay and WeChat, but we can connect Chinese consumers with the euro zone and dollar markets," Allaire said. Circle's China unit operates as a separate locally incorporated company and has not yet launched a product, pending a deal with a local banking partner a...

Uber’s Rival in Pakistan Uses Rickshaws, Low-Tech Phones

20Jun By reutersNo Comments

Story

Uber’s Rival in Pakistan Uses Rickshaws, Low-Tech Phones

As taxi hailing giant Uber enters Pakistan, a little-known local competitor is counting on a mix of new ideas and old technology to tap what could be a big chunk of the market: low-income residents who travel in rickshaws, not cabs. Known as Rixi, the Lahore-based service hails rickshaws instead of cars. Its platform is not smartphones, but older SMS phone messaging that allows nearby drivers to bid for any user's business. Pakistan has more than 130 million cellphone subscriptions, but only 21 percent subscribe to data packages, and, while the proportion is rising, there are opportunities across emerging economies in Asia to tap a relatively low-tech customer base. In Thailand, Taxi Radio uses calls and text messages to put cabs and people in touch and is popular with those without s...

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

7Jun By AnkitaNo Comments

ANALYSIS

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

Indian financial technology (fintech) market is expected to double to USD 2.4 billion by 2020, primarily triggered by rising customer experiences, e-commerce and smartphone penetration, according to a report. Emergence of fintech companies in India is a prelude to the transformation in payments, lending as well as personal finance that has attracted significant investor interest, the joint report by KPMG India and Nasscom 10,000 Startups said. "Investor inclination in startup funding is evident in the swelling number of angel deals from 370 in 2014 to 691 in 2015 and investments increasing multi-fold from USD 247 million in 2014 to USD 1.5 billion in 2015," the report said. Global fintech investments rose to USD 19 billion last year with more than USD 8 billion coming from...

5Jun By No Comments

BLOGS

My Failure Resume – Ankur Warikoo

I am extremely grateful to be where I am in life. But there were several moments when I wasn’t. It is so easy for us to take our failures seriously and consider them the end of the road. I am the biggest proof that self-doubt exists, and I am equally the best proof that one can overcome it – it’s just a battle that never stops. Inspired by Johannes HausHofer’s CV of Failures, I share mine below. With the hope that people realize their problems and challenges are similar to everyone else’s. What may be different is the reaction to it. Or their acceptance in the first place. At the end of the day, when you undress yourself, the scars tell a story that only you know of Don’t wish for more scars But be surely aware of the ones you have Perhaps one day you will be proud of the...

5Jun By AdityaNo Comments

ANALYSIS

Nearly 3000 Fitness Apps Aren’t Science-Based – Study

You may be wasting your time fighting those extra kilos with fitness apps as according to a recent study, many of them lack certified content-expertise or evidence of effectiveness. Overweight and obese people are turning to a multitude of smartphone apps to help them lose weight, but this study said that only 17 (0.5 percent) of the apps identified by the researchers have been developed by a certified health organisation or university. Also, there is no published evidence of the effectiveness for weight-loss or weight-gain prevention apps. Overweight and obesity is a major health challenge worldwide, demanding new, cost-effective approaches for life-long treatment and prevention. The mobile 'app' technology revolution offers new potential approaches for receptive, younger, people, w...

1Jun By AdityaNo Comments

FUNDING

Delhi Based Startup Tpot Raises Seed Funding

New Delhi-based food-tech startup Tpot has raised undisclosed amount in seed funding from Ashish Gupta, Founder & Trustee of Ashoka University and Co-founder of Evalueserve. Using this fund, Tpot plans to expand its presence by taking its outlet count from 20 to over 50 by the end of the year. Also, the fund will be used in channelising the team expansion and on the ideation of introducing innovative products involving tea. “Our team has built a strong foundation in Delhi/NCR region. Having gained a good traction in Chai-Nashta segment of consumers here, we are confident to establish our brand presence in the other markets too,” said Robin Jha, Co-founder, and CEO of Tpot. The company is currently generating revenue of INR 6 crores and is targeting to reach INR 12 crores by the yea...