Yatra raises Rs 100cr in debt funding from InnoVen Capital

By : CIOL Writers

Online travel portal, Yatra has raised Rs 100 crore venture debt from Temasek’s venture debt arm InnoVen Capital. The money will be used to meet the company’s growth and diversification needs, and to enhance its service offerings. “After having raised $92 million through our Nasdaq listing

GoDaddy launches business hosting for small businesses in India

NEW DELHI, INDIA: Non-tech-savvy customers will breathe a sigh of relief knowing that they can get the server-level performance they need without delving into the technical complexities of server administration. GoDaddy has expanded its hosting services in India with the

Google partners Cleartrip to expand reach in India

By : CIOL Writers

Google has partnered with travel portal Cleartrip to expand the reach of Google Flights in India, reports The Economic Times. This is Google’s fourth partnership after Vistara, Jet Airways, and travel portal Google Flights allow users to search, compare and book flights

Zomato’s COO Deepak Gulati quits within 6 months of appointment

By : CIOL Writers

Deepak Gulati, the President and chief operating officer (COO) of Zomato has resigned from his post within six months of joining the company, ET reports.  Gulati, however, will continue to be on the advisory board. Confirming the resignation, a Zomato spokesperson told ET, “Deepak

Alphabet could invest up to $1B in Lyft

By : CIOL Writers

As Uber tries to find a way out of its troubled tides, its arch-rival in the US- Lyft is taking every possible advantage of the situation. According to Bloomberg, Lyft is in talks to raise up to $1 billion from Alphabet.

BookMyShow will now send ticket confirmation on WhatsApp

MUMBAI, INDIA: Users who book tickets on BookMyShow will soon be receiving a message on WhatsApp along with the confirmation text or an M-ticket (mobile ticket) QR Code, and email. The ticketing platform has participated in the WhatsApp business pilot

Cybersecurity maturity of Indian startups are abysmally low, says report

By : CIOL Writers

From the data theft of reportedly 3.2 million debit cards that affected many big banks including SBI, HDFC Bank, ICICI, Yes Bank and Axis Bank, to recent security breach at Zomato that involved user data of over 17 million users, the state of

ITC Infotech will develop industry solutions using Chirp’s ‘data over sound’ tech

BANGALORE, INDIA: ITC Infotech and the ‘data over sound’ communication tech provider, Chirp today announced a strategic partnership to collaboratively develop solutions for clients across the globe. Transferring data over sound takes advantage of speaker and microphone-equipped devices of any

Ola unveils a new experience centre- ‘Ola Partner World’ to woo more driver partners

By : CIOL Writers

Amid intense competition from rival Uber and to lure more driver partners to its platform, Ola has announced the launch of Ola Partner World (OPW), a one stop shop for all the needs of driver partners registered on the platform.

Zomato acquires Runnr to strengthen its food-delivery platform

By : CIOL Writers

Amidst intense competition from rapidly-growing rivals like Swiggy and FoodPanda, Food-tech startup Zomato has acquired Nexus Venture-backed Runnr aimed at strengthening its food delivery platform. The financial terms of the deal were not disclosed. “With the combination of Zomato and Runnr, we

Bangalore ranks among 25 most high-tech cities in the world

By : CIOL Writers

Bangalore is among the top 25 high-tech cities of the world according to the research firm 2thinknow that studied a list of 85 cities across the globe and ranked them on 10 factors related to technological advancement – including the number

Paytm Payments Bank partners NPCI for RuPay-powered digital debit card

By : CIOL Writers

Paytm Payments Bank has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card. Through the new digital debit card, customers will now be able to transact at all merchants who accept credit and

eMudhra launches Aadhaar eSign-based digital clearing for recurring payments

BANGALORE, INDIA: Digital identity and transaction management solutions provider, eMudhra has launched Aadhaar eSign-based National Automated Clearing House (NACH) gateway with National Payments Corporation of India (NPCI) – which aims to help large and small enterprises to collect recurring payment instructions from

ParkZebra launches vehicle parking app to ease Bangalore’s traffic woes

BANGALORE, INDIA: Aiming to reduce Bangalore’s parking problems, Bangalore-based ParkZebra Technologies has launched a vehicle parking app. The app allows you to search, reserve and pay for parking spots in advance at designated places. The ParkZebra app will allow car

Ibibo co-founder and MakeMyTrip president Ashish Kashyap resigns

By : CIOL Writers

Online travel and hospitality service provider MakeMyTrip’s president Ashish Kashyap has resigned from the company. In a filing submitted to the US Securities and Exchange Commission, the company said Kashyap’s resignation had been accepted, and will come into effect from September

BookMyShow updates Jukebox to expand its music portfolio

By : CIOL Writers

In a bid to expand its music-portfolio, BookMyShow is updating its three-month old audio entertainment platform, Jukebox with a variety of original and curated music content across languages. Jukebox offers users free music downloads through credits earned while booking movie tickets.

OYO secures $250M in Series D funding led by SoftBank Vision Fund

By : CIOL Writers

Hotel aggregator OYO has secured $250 million in Series D funding led by SoftBank Vision Fund. Existing investors Sequoia India, Lightspeed Venture Partners, and Greenoaks Capital participated in the round, while Hero Enterprise joined in as a new investor. OYO recently moved

Truecaller introduces ability to scan numbers and make payments

By : CIOL Writers

Truecaller is introducing some new features on its platform such as Number Scanner, Scan & Pay, Fast Track numbers. This means that now one can scan numbers from billboards, street signs, business cards and websites and pay directly using its UPI-payment

Flying car startup Lilium raises $90mn in Series B funding

By : CIOL Writers

Lilium Aviation, a German company that held a successful test flight of the Eagle, its two-seat electric jet, at its Munich base this year, announced that it has raised $90 million in a fresh round of funding. The funding was led by Tencent

Paytm payments bank gets additional Rs 60cr through rights issue

By : CIOL Writers

The board of Paytm payments bank has approved a Rs 60 crore rights issue for its existing shareholders, including Paytm founder, Vijay Shekhar Sharma, the firm said in a regulatory filing. “…the consent of the board is hereby accorded to