Airbnb to buy social payments startup Tilt

By : CIOL Writers

In a bid to become one-stop destination for all the travel related services, Airbnb is acquiring social payments platform Tilt. Apparently, the two companies had been discussing the acquisition for over a month but it has now been confirmed by

MobiKwik to invest Rs 300cr to increase user base

By : CIOL Writers

Mobile wallet company MobiKwik is aiming for 150 million users by the year end from its current user base of 50 million. And to achieve this mark, the company has announced an investment of Rs 300 crores. The increase in

Stayzilla halts operations, will come back with ‘different business model’

By : CIOL Writers

Online marketplace providing homestays, Stayzilla has suspended its operations and will reboot “with a different business model”, co-founder and chief executive Yogendra Vasupal announced in a blog post. Though all new bookings on Stayzilla website and app have now been

Shuttl partners Google Maps to improve commute search

By : CIOL Writers

In a bid to improve its commute search and services, bus-ride aggregator Shuttl has partnered with Google Maps to enable users to search for Shuttl ride on its platform whenever a user looks for public transport between two locations. This

Get My Parking raises pre-series A funding of $1.1mn led by IAN

By : CIOL Writers

Delhi-based startup, Get My Parking, which provides cloud-based mobile parking technology has raised pre-series A funding of $1.1 million from investors such as Indian Angel Network (IAN), BEENEXT, The Chennai Angels (TCA), and Sunil Munjal (Hero group). The 18-month-old startup,

Snapdeal laying-off over 500 employees; Co-founders pledge 100pc salary cut

By : CIOL Writers

Online marketplace Snapdeal has announced a slew of measures to steer its ship amidst cash crunch and fierce competition from Flipkart and Amazon.  Firstly, the startup — backed by the likes of Alibaba and Softbank is laying off nearly 500-600

Bangalore-based Cardiotrack signs MoU with Mexico’s Grupo Seara to expand services

By : CIOL Writers

Cardiotrack, a startup that provides predictive diagnosis for cardiovascular diseases has inked a Memorandum of Understanding (MoU) with Grupo Seara, one of the largest entrepreneurial healthcare services companies in Mexico according to which Grupo Seara will adopt advanced patient-centric technologies

Airtel picks up stake in digital lending platform, Loan Singh

NEW DELHI, INDIA: Bharti Airtel  through its subsidiary Bharti Airtel Services has acquired a strategic equity stake in fintech company, Seynse Technologies, which built a digital lending platform, Loan Singh to provide easy loans for credit-worthy yet underserved borrowers. Seynse

FreeCharge CEO Govind Rajan calls it quits, Jason Kothari to oversee business ops

By : CIOL Writers

Freecharge CEO Govind Rajan has resigned from the company, according to an Economics Times report. Rajan took the reins of Jasper Infotech-owned digital payments platform in May 2016, and his resignation has already been accepted by the Jasper Infotech leadership.

Uber to accept payments from JioMoney users, thanks to RJio partnership

MUMBAI, INDIA: Reliance Jio and Uber have announced a strategic partnership aimed at  exploring various opportunities to enrich and enhance the Digital Life experience of their users through complementary programmes. Starting today, Uber will gradually rollout the JioMoney payment option

Paytm to invest 600cr to expand its QR code-based payment network

NEW DELHI, INDIA: Paytm said that it will invest over Rs 600cr to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant

Elon Musk’s Boring Company has already started boring

By : CIOL Writers

There are people who have a knack to find problems in everything. And then there are people who see problems only to find their solutions. Elon Musk undoubtedly belongs to the latter. From self-driving cars to Man’s Mars Mission, Musk

Flipkart embracing Microsoft Azure platform to enrich online shopping experiences

Taking one step ahead, Flipkart today announced that it will adopt Microsoft Azure as its exclusive public cloud platform to provide the best online shopping service to the users. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced

Apple reportedly acquires facial recognition startup RealFace

By : CIOL Writers

In a bid to take its security and Artificial Intelligence services a notch higher, Apple reportedly has acquired Israeli cyber security firm RealFace that specialises in facial recognition technology. The Times of Israel reported on Sunday that the startup, founded

Bumper smartphone sales help Flipkart edge past Amazon in Dec, Jan

By : CIOL Writers

Beating the expectations of many analysts, Flipkart made a turnaround defeating its arch-rival Amazon, during the Big Billion Day (BBD) sale in October. Continuing the same trend, Flipkart Internet Pvt. Ltd raked in gross sales of more than Rs 2,600

SAIF Partners sell remaining 11pc stake in MakeMyTrip reaping 16x profits

By : CIOL Writers

The investment firm, SAIF Partners, which invested in MakeMyTrip’s Series B and Series C round of funding, has sold its entire remaining stake in the company fetching it the largest cash exit in India’s venture capital industry. The VC firm

Tata Elxsi partners Welspun to launch AR storytelling technology for kids

By : CIOL Writers

Using the immersive technology of Augmented Reality, Tata Elxsi, a global design company has partnered with Welspun, textile makers to bring SpinTales, an intuitive and easy-to-use app for kids, age three and up. SpinTales was launched in 2016 with a

Freecharge partners Tonetag to provide sound-based digital payment services

By : CIOL Writers

Freecharge, a digital wallet company, has collaborated with Tonetag to provide a new sound-based digital payment method. Using sound waves digital payment method, users can make payments at nearly 62 outlets of Trust Pharmacy, mall parking, NICE toll plaza and

Amid Ola and Uber driver unrest, Jugnoo launches taxi services

By : CIOL Writers

Though Jugnoo’s entry into the online taxi-hailing space has been anticipated since it acquired cab booking platform BookMyCab in July 2015, the online auto-rickshaw aggregator finally made its foray into the segment only this last Sunday. The company has debuted

Snapdeal reportedly laying off 30pc of its workforce

By : CIOL Writers

Amid the funding crunch and top-level executive exits, Snapdeal is reportedly planning to lay off 30 percent of its workforce. Citing four people, the Economic Times report says that in the next two months, Snapdeal is planning to cut off