StartUps

Quikr reportedly in talks to acquire Babajob

By : CIOL Writers

Quikr reportedly is in advanced talks to acquire blue-collar jobs portal, Babajob. Citing sources, an Economic Times report said that the acquisition will help Quikr to strengthen its position in the Indian blue-collar job market. Babajob’s popularity in smaller towns will

Practo partners Bing to help you find best doctors in your locale

By : CIOL Writers

In a bid to make searching and booking a doctor’s appointment easier and hassle-free, Practo and Microsoft have partnered to help people search and choose the best doctors in their nearby locality using Bing. The collaboration will enable an easier and

Microsoft to acquire cyber security firm Hexadite for $100mn: Report

By : CIOL Writers

Microsoft is acquiring Israeli cyber security startup Hexadite for $100 million, the Hebrew language website Calcalist reported on Wednesday. Microsoft’s new purchase comes on the heels of global wreck courtesy WannaCry ransomware affecting more than 300,000 windows computers in 150 countries since it surfaced

Google shortlists six Indian startups for Launchpad Accelerator Program

By : CIOL Writers

Google has announced six Indian startups who have been shortlisted for the fourth class of Google Accelerator Program. These six startups will be joining the latest class of Launchpad that has 27 other startups from across Asia, Africa, Europe, and Latin

Flipkart applies for a license to become GST Suvidha Provider

By : CIOL Writers

In a bid to expand its seller base, Flipkart has applied for a licence to become a GST Suvidha Provider, reports Economic Times. The license will give homegrown e-tailer direct access to the GST Network and will also help it process invoices

Paytm payments bank launched, to offer zero-balance accounts

By : CIOL Writers

Paytm Payments Bank is now Live aiming to acquire 500 million customers in the next three years. The first physical branch of Paytm Payments Bank in Noida is part of the select first-phase roll out, offering accounts on an invite-only basis to

Digital lending platform FlexiLoans acquires Mumbai-based CreditPeriod.com

By : CIOL Writers

In a bid to strengthen its supply chain financial vertical, digital lending platform FlexiLoans has acquired Mumbai-based CreditPeriod.com. Though the financial details haven’t been disclosed, as a part of the deal, the co-founder of CreditPeriod.com, Venkatesh Viswanathan will be joining the

Amazon pumps in Rs 100cr in its Indian wholesale business

By : CIOL Writers

Amazon Wholesale, the business-to-business wholesale marketplace that operates amazonbusiness.in received an investment of Rs 100 crore last December from Amazon Corporate Holdings Singapore and Amazon.com, Mauritius, according to documents filed with the Ministry of Corporate Affairs. As first reported by Economic Times, Amazon Wholesale also

LeEco founder Jia Yueting steps down as CEO of Leshi

By : CIOL Writers

LeEco’s founder Jia Yueting has stepped down as chief executive of Leshi Internet Information & Technology Corp Beijing at a time when the company is facing cash issues with rapid expansion plans. Jia will, however, retain his position as chairman, with the company’s

Flipkart’s PhonePe records highest number of UPI transaction

By : CIOL Writers

Flipkart closed its Big 10 sale on Thursday and left behind a boosting number of UPI (Unified Payments Interface) transactions for its payments arm PhonePe. Within two days of Flipkart’s Big 10 sale, digital payments platform PhonePe processed over 500,000

Spotify acquires music AI startup Niland

By : CIOL Writers

Spotify has acquired an artificial intelligence-based music startup called Niland to help improve its personalization and recommendation features for users. “Niland has changed the game for how AI technology can optimise music search and recommendation capabilities and shares Spotify’s passion for surfacing

Flipkart is India’s most sought-after employer for second year in a row: LinkedIn survey

By : CIOL Writers

Flipkart has once again bagged the top-ranking as the most sought-after employer for the second year in a row, according to a survey by professional networking site LinkedIn. “We are thrilled to be the most sought-after company to work for in India

SoftBank invests whopping $1.4bn in Paytm, now worth over $8bn

By : CIOL Writers

Falling in line with the recent rumours, Japanese leading Internet and telecom major SoftBank has invested whopping $1.4 billion in Paytm’s parent company, One97 Communications Limited. This is apparently the largest funding round scored by a digital startup from a single investor in

Ola launches Progressive Web App to drive growth in smaller towns

By : CIOL Writers

In a bid to drive growth in smaller towns and cities, cab-aggregator Ola has launched Progressive Web App (PWA), a lightweight mobile website that offers users an app-like experience on simple smartphones, requiring a fraction of the data used by native

Panasonic opens 3rd global innovation centre in India to fuel innovation into B2B space

Soma Tah Panasonic today announced the opening of its India Innovation Centre (IIC) and a Centre of Excellence (CoE) in Bangalore in collaboration with Tata Consultancy Services (TCS). After Japan and US, this is the third innovation centre of Panasonic

Ola reportedly clips investors’ rights to strengthen Founders’ rights

By : CIOL Writers

Seeing the growing clout of SoftBank in the Indian startup industry, cab-aggregator Ola has reportedly decided to restrict investors’ rights and strengthen those of its founders. To that effect, Ola has made some crucial changes in its shareholder terms as a protectionist

Flipkart-Snapdeal deal reportedly needs approvals from Azim Premji, Ratan Tata

By : CIOL Writers

SoftBank, Nexus Venture Partners and Kalaari Capital- the three major investors of Snapdeal may have given a green signal for the e-commerce portal’s proposed sale to rival Flipkart, however, the agreement would still need a nod from  two of India’s

VMware acquires app analytics startup Apteligent

By : CIOL Writers

VMware has acquired app analytics startup Apteligent, that provides mobile app performance and analytics data to customers in real time. Terms of the deal were not disclosed. “Apteligent adds to VMware’s portfolio of management and monitoring technologies and will offer customers end-to-end

UberEATS, Zomato competing to buy delivery startup Runnr

By : CIOL Writers

Food-tech startup Zomato and Uber’s food delivery service, UberEATS are in a race to acquire delivery startup Runnr, reports Economic Times. Citing sources, the report said that both the companies have given a term sheet to Runnr, and the offer from the US-based cab-hailing

All is well that ends well- Rs 193cr bonanza for Snapdeal staffs post Flipkart deal

By : CIOL Writers

“This is the way the world ends, Not with a ‘whimper’ but a bang.” Yes, this time it’s not going to be ‘a whimper’ but a bang bonanza. While a sale of a company is never a good news for