StartUps

Mastercard’s new credit card has an in-built fingerprint scanner

By : CIOL Writers

While fingerprint scanners are pretty common on smartphones today, Mastercard thinks this technology could also be the way forward with our credit cards. Thus, the company unveiled its latest credit card yesterday which comes with an in-built fingerprint scanner. The card is

Jugnoo launches hyperlocal content platform, AskLocal

By : CIOL Writers

Chandigarh-based Jugnoo has launched AskLocal, a geo-location based, hyper-local content platform for users, to access locally relevant information. With this, Jugnoo, better known for its vast auto rickshaw network is introducing a new way to connect within cities based on relevant content,

Ola eyeing another $100mn to expand operations

By : CIOL Writers

Local cab aggregator Ola is looking to raise another $100 million from investors, four months after it raised about $250 million from SoftBank Group, according to regulatory filings sourced from market research firm Tofler. As per the documents,  Ola’s board

SAP Startup Studio onboards 16 new startups to its accelerator program

BANGALORE, INDIA: A new batch of 16 startups working on technologies such as Artificial Intelligence, Cloud, Machine Learning and IoT across various business functions will join the SAP Startup Studio accelerator program at SAP Labs India campus in Bangalore. The initial 75-seater incubator will

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,

Oracle acquires digital measurement company Moat

By : CIOL Writers

Oracle has announced the acquisition of digital measurement company, Moat better known for its role as an independent third party hired to measure ads across platforms like Facebook, Google’s YouTube and Snapchat. Founded in 2010, Moat helps advertisers and publishers measure whether people

MapmyIndia revamps its main app along with a slew of updates

By : CIOL Writers

Boosting ‘Make in India’ initiative, location and navigation service provider, MapmyIndia has announced revamping of its main app, now known simply as Map along with a slew of new updates and partnerships. The Map app is available on Apple’s App Store as

Paytm rolls out food wallet to take on Sodexo & Ticket Restaurant

By : CIOL Writers

Paytm has launched Food Wallet feature on its app, which allows companies to offer tax-free food allowance to its employees. The wallet meant precisely for corporates will compete directly with existing players like Sodexo and Ticket Restaurant which issue physical coupons

Housing.com reintroduces rental section on its platform

By : CIOL Writers

After a long break of more than a year, online real estate portal Housing.com has reintroduced rentals section on its platform with over 60,000 listings. It aims to triple the inventory in the next three months. Housing.com, which merged with Delhi-based PropTiger

SpaceVR & SpaceX to send VR camera into space to give you ‘astronaut experience’ on earth

By : CIOL Writers

Virtual reality experience is about to get more real. SpaceVR, a California-based startup is planning to send a virtual reality camera into space to bring “some immersive space video” for earth dwellers. The firm plans to share the space footage with

Jacqueline Fernandez invests Rs 3.5cr in Rakyan Beverages

By : CIOL Writers

Following the global trend of celebrities investing in brands, instead of endorsing them, Bollywood actress Jacqueline Fernandez has invested Rs 3.5 crores in Rakyan Beverages that makes juices under the Raw Pressery brand. According to the Economic Times report, Fernandez

Indus OS to launch operations soon in China

By : CIOL Writers

In a bid to explore tie-ups with the leading Chinese phone makers, Indus OS, the second most popular mobile operating system in India, is planning to open an office in China by May this year. CEO Rakesh Deshmukh in an

Ola raises $250mn from SoftBank in a down round

By : CIOL Writers

Ola raised $250 million in fresh funding from Japanese telecom and internet major SoftBank last year, as per the documents filed with the Ministry of Corporate Affairs (MCA). However, the company is yet to make an official announcement of the same.

Zomato debuts subscription service ‘Zomato Treats’ in India at Rs 249 a year

By : CIOL Writers

After unveiling cloud kitchen concept in India, restaurant discovery and online food ordering platform Zomato has launched a subscription service, called Zomato Treats for its users in the country priced at Rs 249 per year. The new subscription service, being true to

Uber launches a new patent purchase program to boost its IP portfolio

By : CIOL Writers

In a bid to enhance its patent library, Uber has launched a new patent purchase program, called UP3, to expedite the process of purchasing patents. The application window is open from April 24 to May 23, 2017. This means Intellectual Property owners

Flipkart and Micromax partner to co-design mid-range smartphones

By : CIOL Writers

After grabbing the much-needed investment of $1.4 billion from Microsoft, Tencent, eBay, Flipkart has now partnered with Micromax to develop and market smartphones for the mid-range of Rs 6,000-12,000. The smartphone lineup named ‘Evok’, is expected to be launched next

Mahindra partners Zoomcar to promote electric cars in India

By : CIOL Writers

In a bid to promote shared mobility of electric cars in India, Mahindra Electric has partnered with Zoomcar, a self-driven car-rental firm. Individuals who buy the all-electric Mahindra e2oPlus through Zoomcar’s fractional car ownership programme, ZAP will be able to

MIT’s fund accelerator ‘The Engine’ raises $150mn

By : CIOL Writers

Launched in October 2016, fund accelerator for advanced technology startups, The Engine,  has raised more than $150 million in its first investment round to “support startups developing breakthrough scientific and technological innovations with potential for societal impact.” While MIT invested $25 million

Flipkart acquires eBay India biz; raises a whopping $1.4bn from Tencent, eBay & Microsoft

Marking the biggest investment till date in the Indian Internet sector, Flipkart has raised a whopping $1.4bn from Tencent, eBay and Microsoft in its latest and 11th funding round. As per a company statement the latest investment was done at a post-transaction valuation of $11.6bn.

Paytm launches online-to-offline channel to lure customers to Paytm Mall

By : CIOL Writers

For a more streamlined and convenient shopping experience on Paytm Mall, Paytm has launched an online-to-offline channel to get consumers who may not be making purchases on various online platforms. The digital wallet company has also introduced QR-code-based system on its recently-launched app and