SME
Alibaba to acquire food delivery platform Ele.me at a valuation of $9.5 billion
This comes in after Alibaba made it fairly clear that the ‘Physical Retail’ is a part of its new retail strategy to combine ecommerce and offline stores.
What it takes for a woman to get VCs on-board
One of the most pervasive beliefs about women in general, not just women entrepreneurs, is that women get too emotional when the going gets tough. However, a person’s ability to handle their emotion
After Uber’s Southeast Asia ‘Grab’, Ola reportedly keen to acquire it in India, with Softbank’s backing
The gist is that Japanese investor Softbank, which incidentally is an influential stakeholder in both the cab aggregators, wants Uber and Ola to merge in India. As for Ola itself, the company is repor
Fintech startup Smartcoin raises $2 million from Chinese investors, Unicorn India Ventures and others
Founded by IIT/IIM alumni Rohit Garg, Amit Chandel, Vinay Kumar Singh and Jayant Upadhyay in 2016, Smartcoin acts as a consumer micro-lending platform focused on the middle/lower-income segments in In
eBay delivery partner shuts shop after 4 years in business; the sunken Shyp’s captain explains why
Today, with a heavy heart, we are shutting Shyp down, ending operations effective immediately. I stared at a blank screen for more than ten minutes before I could even write that sentence
Indian fantasy sports users rise 10 fold in 2 years; Industry sees a massive growth
In US and Canada, alone, there are over 5.93 crore users, while India has seen this growth in past two years, from 20 lakh users in 2016 to 2 crore in 2018
Lending platform Cash Suvidha raises $1 million in pre-series A
Founded by Rajesh Gupta, Anoop Garg and Geeta Goswami, the company extends business loans to SMEs, MSMEs, women entrepreneurs and personal loans to individuals
Alibaba and Ford unveil Car Vending machines in China. Here’s what you need to know
Alibaba users can book the car and go for a test drive to decide if they want to buy the same car or try a different one. The test drives are limited to 5 each month.
IBM joins Imarticus to launch AI-oriented courses to train the workforce of tomorrow
The course will provide learners with in-depth exposure to Data Science, Big Data, and Deep Learning through a rigorous industry-aligned curriculum to offer them skills pertaining to programs such as
Cleartax partners with Zebpay to help investors file tax on Bitcoin gains
In addition to the advisory plan, it has also initiated Chartered Accountant assisted tax filing services for investors who have gained from the bitcoin or other cryptocurrencies.
Ola-Uber drivers to go on strike across Delhi NCR; Commuters face trouble
In a media statement, Kamaljeet Gill, chief of Sarvodaya Drivers Association stated that they’ll (drivers in Delhi NCR) be carrying out a large scale protest against the cab aggregators. He further
Here’s how the Consumer Protection Bill 2018 will impact ecommerce startups in India
The ecommerce firms would be required to reveal what data are they recording and the intention behind it. The bill will also see if these platforms are sharing customer details with or without the use
Early investors of Facebook and Twitter come together to invest $12 million in CryptoKitties
The round also saw participation from AngelList Founder and CEO Naval Ravikant, Founder of Zynga Mark Pincus, founder of Coinbase Fred Ehrsam, among others.
Former Uber Chief Travis Kalanick is buying this company for $150 million and will be the new CEO
Travis kalanick will be joining City Storage Systems (CSS), a company that focuses on redevelopment of distressed real estate assets like parking lots, strip malls, among others.
Fireside Ventures closes its first fund of Rs 340 crore backed by Unilever Ventures, ITC, among others
They recently announced their advisory board comprising of industry veterans like Amit Agarwal, Senior VP Amazon and Country Manager India, Harsh Mariwala, Chairman, Marico Ltd, and Sri Rajan, Chairma
Zappfresh raises Rs 20 crore from Dabur India’s Amit Burman and SIDBI Venture Capital
Gurugram based DSM Fresh Foods fresh meat brand Zappfresh has raised Rs 20 crore in pre-series A round of investment from the Vice Chairman of Dabur India, Amit Burman and SIDBI Venture capital. The c
Myntra & Jabong seek to leverage AI and Machine Learning for its operations; tap Udacity’s programs to reskill its employees
Myntra is investing in developing deep expertise in these nascent fields, and also has plans to deploy Augmented Reality to help users access a more immersive experience
Micromax Informatics invests in AI-enabled consumer tech startup One Labs
inOne currently hosts over 50 apps within a size of 10mb. Some of its apps include the likes of Amazon, Flipkart, Snapdeal, Ola, among others
What’s behind Uber, Ola driver strike. Why they are upset
The union demands Ola and Uber to reinstate drivers with lower ratings and stop company owned cabs immediately
Foodpanda announces its virtual food festival ‘What The Feast’ offering upto 60 percent discounts
The festival will go on till the Good Friday, April 1st and will bring out a plethora of special menus, discounts from the likes of Cafe Coffee Day, Faasos, Dunkin Donuts, KFC, Ovenstory Pizza, among
Foodtech startup Fingerlix raises $1.31 million from Alteria’s Venture Debt Fund
Founded by Shripad Nadkarni, Shree Bharambe, Abhijit Berde and Varun Khanna in 2015, Fingerlix provides ready-to-cook food.
From 4D animation to Google Maps listing: Here are the 5 most creative CVs
Brennan Gleason brewed up a six pack of beer pints, put them in a neat cardboard and stuck his printed resume on the back of the cardboard. So when these ‘prospective’ employers sit on a quick dri
Ola and Uber drivers to go on strike across the country on March 19
Sanjay Naik of Maharashtra Navnirman Vahatuk Sena is organising the protest and stated that from 8am onwards, drivers will be shutting their devices down. Furthermore, they, along with their families
Senior IIT Bombay professor joins Unicorn India Ventures as Advisor in the Investment Committee
At Unicorn India Ventures he will be responsible for guiding the team in making investment decisions in the ESDM (Electronics, System, Design and Manufacturing) sector which includes companies dealing
Online gaming platform Ace2three acquires majority stake cricket fantasy platform FanFight
Founded by Deepak Gullapalli in 2006, Ace2three is better known as an online rummy platform. The company claims to have over 8 million users just on their mobile app.
Fintech startup Avail Finance raises $17.2 million from Matrix Partners, Ola founders, and others
Founded in 2017 by Ankush Aggarwal and Tushar Mehndiratta, the company serves as a fintech platform for blue-collared workers.
Alibaba marks rivalry with Tencent, invests $866 million in its bikesharing portfolio rival Ofo
The Alibaba Group also led their previous round of financing which ended up raising $700 million. The financing round was announced just after Mobike closed a $600 million from Tencent.
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