StartUps

Paytm introduces ‘digital gold’ as cashback on transactions

By : CIOL Writers

Paytm has introduced the feature of availing ‘digital gold’ as cashback on transactions. This means whether you are shopping online, paying utility bills or buying movie/travel tickets, you can earn pure gold kept for free in MMTC-PAMP’s secured lockers. Gold is the

Freshworks acquires chatbot startup Joe Hukum

By : CIOL Writers

Freshworks, formerly known as Freshdesk has acquired Joe Hukum, a platform that helps businesses build their own chatbots, the company announced on Thursday. The terms of the deal have not been disclosed. Joe Hukum was founded in July 2015 by Arihant

Target India announces fifth batch for the Target Accelerator Program

By : CIOL Writers

Target India has announced the fifth and the largest batch yet for the Target Accelerator Program. Eight startups have been selected to develop innovative technology solutions with the potential to enhance guest experiences at Target and in the wider retail industry.

CureFit acquires Bangalore-based yoga studio a1000yoga

By : CIOL Writers

Healthtech startup CureFit has acquired Bangalore-based yoga chain a1000yoga for an undisclosed amount, the company said. The acquisition will enable CureFit to gain a stronger foothold in the fitness segment. a1000yoga is CureFit’s third acquisition in the fitness vertical in less than a

RentoMojo raises $10M from Bain Capital Ventures and Renauld Laplanche

By : CIOL Writers

Bangalore based furniture and consumer durables rental startup RentoMojo has raised $10 million in Series B funding from private equity investor Bain Capital Ventures and fin-tech entrepreneur Renaud Laplanche. Existing investors Accel Partners and IDG Ventures also participated in the

Xiaomi Mi Max 2 with 6.5-inch screen, 5,300 mAh battery launched at Rs 16,999

By : CIOL Writers

‘Bigger, the better’ seems like the new success mantra in the smartphone industry with companies making screen sizes bigger than the widely accepted 5.5-inch screen. Well, towing the same line, Xiaomi has launched its next flagship killer Mi Max 2

Swiggy now offers users intuitive and personalized list of restaurants to order food

By : CIOL Writers

Food ordering and delivery platform, Swiggy has launched its revamped app that enables faster and easier discovery of food and restaurants, and a seamless ordering and tracking experience. According to the company, restaurant details on the app will load 30

Ajit Joshi joins Urban Ladder as Chief Operating Officer

By : CIOL Writers

Urban Ladder has appointed industry veteran Ajit Joshi as President & Chief Operating Officer. Ajit Joshi comes to Urban Ladder with over 30 years of professional experience and has been instrumental in building some of India’s finest retail brands. “As

Paytm invests in mobile loyalty firm MobiQuest

By : CIOL Writers

Paytm has decided to invest an undisclosed amount in Noida-based MobiQuest Mobile Technologies Pvt Ltd. MobiQuest, founded in 2008 by former FCS Software Solutions and Times Group’s BrandQuiver executives Vineet Narang and Sabina Kamal, works in targeted marketing using data

WeWork is expanding to Japan in partnership with SoftBank

By : CIOL Writers

WeWork would be launching its co-working spaces in Japan thanks to a joint venture with SoftBank. According to their agreement, SoftBank and WeWork will each own 50 percent of the joint venture. WeWork which rents desks in co-working spaces and

Paytm Mall delists 85K sellers for failing to meet quality standards

By : CIOL Writers

Paytm’s e-commerce arm, Paytm Mall has delisted over 85,000 sellers from its platform in a cleaning operation of sorts for failing to meet quality standards. The company that is gearing up to take stalwarts like Flipkart and Amazon in the Indian

GOQii using AI, image recognition to detect food and tell if you’re eating healthy

MUMBAI, INDIA: The preventive healthcare platform, GOQii has updated its app with new features GOQii Arena and GOQii Referee.  ‘Referee’ can automatically detect the food from the plate. All that the user has to do is take a picture of his food

Grab raising $2B from SoftBank and China’s Didi: Report

By : CIOL Writers

Uber’s biggest rival in Southeast Asia, Grab is said to be raising nearly $2 billion from SoftBank and China’s ride hailing firm Didi Chuxing, the Wall Street Journal reported. The deal which could be finalized in next few weeks could

Innovative solutions to Bangalore’s traffic woes emerge from Flipkart’s Gridlock hackathon

By : CIOL Writers

Bangalore’s traffic woes are world renowned, to say the least. India’s Silicon Valley may be producing startups faster than how traffic moves on its roads. It was to fix this problem that homegrown e-commerce startup, Flipkart announced Gridlock Hackathon on June 7

Paytm acquires majority stake in online ticketing platform Insider.in

By : CIOL Writers

Digital payments startup Paytm has acquired a majority stake in Mumbai-based Insider.in, a ticketing platform of events company OML Entertainment, for an undisclosed sum. The acquisition will allow Paytm to integrate events listed on Insider.in on its app, giving a major boost to

UberEMPOWERS: Uber’s initiative to make senior citizens go digital

By : CIOL Writers

DELHI, INDIA: Uber conducted a workshop for senior citizens – UberEMPOWERS, in partnership with ANTS Digital at Gurgaon, Delhi NCR. Through this initiative, Uber aims to digitally equip citizens above the age of 50 and help them feel empowered in their daily

Paytm Mall in talks to invest $200mn in BigBasket: Report

By : CIOL Writers

Alibaba-backed online marketplace Paytm Mall is in talks to invest $200 million in online grocery retailer BigBasket, reports Economic Times citing two persons in the know of things. Notably, BigBasket had also been in talks with e-commerce giant Amazon for a potential buyout

Smartron signs an MoU with Chhattisgarh govt to transform state’s tech infrastructure

By : CIOL Writers

Homegrown IoT brand Smartron has signed a Memorandum of Understanding (MoU) with Chhattisgarh to bring smart technology and elevate the technical framework of the state. “With our strong R&D-led product portfolio, we look forward to partnering with the Chhattisgarh government

Logitech is acquiring gaming hardware maker Astro for $85M

By : CIOL Writers

In a bid to expand into rapidly growing gaming space, computer accessory company Logitech is acquiring Astro Gaming, a popular headset maker for video games, for $85 million in cash. As part of the deal that is expected to close

Vizio files $110M lawsuit against LeEco over failed merger

By : CIOL Writers

US television maker Vizio is suing Chinese electronics company LeEco alleging that LeEco made false financial statements and claims in the run up to its proposed $2 billion acquisition, which ultimately collapsed in April. Apparently, the deal included a $100 million buyer-termination