Deliveroo raises $98M in Series F funding round

By : CIOL Writers

London based online food delivery startup Deliveroo has raised an additional $98 million in Series F funding round, bringing the total valuation to $482 million. The round was led by T. Rowe Price Associates and Fidelity Management & Research Company. In addition, top-shelf investors

Spotify acquires online music recording studio startup Soundtrap

By : CIOL Writers

Spotify has made another acquisition as it sets out to offer artists services beyond basic streaming. The company announced that it has acquired Soundtrap, an online music recording studio startup. Soundtrap’s services, however will continue to operate as usual. Based

Uber announces lighter web-version in India; pilots call to ride and offline search too

BANGALORE, INDIA: Uber, today launched in India, a light web-based version of Uber for riders who have basic smartphones that can support web browsing but cannot support mobile apps due to limited storage space, or want to book a

Zomato launches its subscription-based service ‘Zomato Gold’ in India

By : CIOL Writers

Online restaurant guide and food ordering platform Zomato has launched its premium, subscription-based programme, Zomato Gold in the country. As part of the programme, subscribers will get access to complimentary food and drinks at over 1,200 top-rated restaurant partners, when they place

CA Technologies’ incubator project aims to address container monitoring issues

USA: CA Technologies at the CA World ’17 has announced the open registration for the beta program, a part of the company’s internal accelerator program. Born in 2016, the CA Accelerator incubations function like lean startups within the company, where internal

UK-based Perkbox buys digital rewards platform Loyalty Bay

By : CIOL Writers

UK-based Perkbox has acquired another London-based startup Loyalty Bay, which offers a SaaS platform for the automated delivery of digital rewards. Though the terms of the deal haven’t been disclosed, according to TechCrunch that first reported the news, it was cash and Loyalty

Cuemath resorts to gamification to make maths fun for kids

By : CIOL Writers

Cuemath, home-based after-school learning program for maths has launched a ‘Mathematical Universe’ for students across K-8 to engage them better and strengthen their foundation in the subject. Within each of these categories, Cuemath has developed a set of characters who

Lip-syncing app sold to Chinese social media giant Toutiao

By : CIOL Writers

Popular lip-syncing app has been sold to Chinese social media giant Toutiao. ByteDance, the company behind China’s top news aggregator service Toutiao announced the deal on Friday without disclosing the price. However, sources told the Wall Street Journal the deal was for at

SoftBank agrees to a multi-billion dollar investment in Uber

By : CIOL Writers

Uber has confirmed that SoftBank has agreed upon a multi-billion investment in the ride-hailing company bringing months-long negotiations closer to their end. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this

Wipro Consumer Care invests in Happily Unmarried

By : CIOL Writers

Wipro Consumer Care, the personal care arm of Wipro Enterprises, has agreed to invest an undisclosed amount in Delhi-based consumer products firm Happily Unmarried. The value of the investment or the stake bought has not been disclosed. Happily Unmarried Pvt

Flipkart to launch its Billion Capture+ smartphone on November 15

By : CIOL Writers

Flipkart that announced its own brand- Billion earlier this year is gearing up to launch its first smartphone under the brand. The e-tailer will be launching Billion Capture+ on November 15 priced at Rs 10,999 for the 32GB model and at Rs

Intuit launches QuickBooks Capital, a small business lending service

By : CIOL Writers

Intuit is getting into the small business lending space with the launch of QuickBooks Capital. The QuickBooks users can now get access to small business loans of up to $35,000 with a time period of three to six months right from

Housejoy hires a new CTO

BANGALORE, INDIA: Home services statrtup, Housejoy has roped in successful entrepreneur and technological evangelist Bhaskar Raju Konduru as their new Chief Technology Officer. Bhaskar is one of the founding members of the popular travel app and co-founder of HelloClass.

Ola partners Microsoft to build a connected car platform

By : CIOL Writers

India’s largest cab-aggregator Ola has partnered Microsoft to build a connected-car platform. Ola will also use Microsoft’s Azure cloud-computing service to power its in-car entertainment offering. This will transform driver and passenger experiences, providing vehicle diagnostics, improved in-car productivity, advanced navigation, predictive maintenance

Paytm integrates BHIM UPI on its platform

By : CIOL Writers

Paytm has finally integrated the BHIM UPI app on its platform. “We are now targeting 200 million monthly users in less than two years. UPI will also allow larger ticket size transactions,” said Vijay Shekhar Sharma, founder One97 Communications. The development comes

Flipkart trying its hands at grocery category

By : CIOL Writers

After failing at it the first time, Flipkart is once again looking to foray into the grocery segment. The e-commerce major is testing waters initially in Bangalore by launching the new category as ‘Supermart’, reports Economic Times. The category has

Paytm launches in-app messaging feature ‘Inbox’

By : CIOL Writers

India’s largest digital wallet app Paytm has launched Paytm Inbox, a new offering by the company that lets you chat with your friends and family, and send/ request money at the same time. The new feature is available in the

The expanding footprint of med-tech startups in India

By : CIOL Writers

Indian healthcare industry is marred by many factors such as affordability, awareness and availability, making health services accessible to very few. In such a scenario, technology is proving to be a great leveler. Medical technology innovations are making modern health-care accessible, available

Snapdeal CTO Rajiv Mangla resigns

By : CIOL Writers

Snapdeal’s woes are far from over. Merely few days after CFO Anup Vikal’s exit, its Chief Technical Officer Rajiv Mangla has called it quits, a company spokesperson confirmed on Saturday. Mangla apparently resigned from his post on October 27 and will be

Uber unveils a new credit card for customers in the US

By : CIOL Writers

Uber has teamed up with Barclays bank to launch a credit card in the US that offers rewards for purchases at restaurants, hotels, and, of course, Uber rides. The Uber Visa has no annual fee, and users earn $100 after they spend