StartUps

Digital India: Shoppers Stop partners ToneTag for sound-based contactless payments

By : CIOL Writers

Following in the footsteps of Digital India mission, leading fashion retailer, Shoppers Stop has partnered ToneTag, a proximity communications firm, to integrate and deploy ToneTag sound-based contactless payments at its stores. This technology will use sound-waves from mobile phones to enable

Zivame Co-founder Richa Kar resigns as startup reverts to marketplace model

By : CIOL Writers

Following in the footsteps of other Indian startups, Zivame too has been witnessing management reshuffling for quite some time. After relinquishing control of the company’s business operations in January, Richa Kar, founder and chief executive of online lingerie retailer Zivame has now submitted

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

Gurgaon-based Appworks acquires software development startup BigDrop

By : CIOL Writers

In a bid to enhance its capabilities in services, products and digital marketing, IT servicing and consulting company Appworks has acquired BigDrop, a custom software development startup. The financial details of the acquisition are yet to be disclosed. Gurgaon-based BigDrop,

Now book Meru Cabs via Google Maps

By : CIOL Writers

Taxi operator Meru Cabs has announced an integration with Google that will enable commuters to book its cabs via Google Maps. With the latest integration, users now have an option to find a cab from the entire range of Meru’s

SAP announces startup fund SAP.iO with initial corpus of $35mn

GERMANY: To make early-stage investments in software startups, SAP has announced the SAP.iO Fund, seeded with an initial investment of $35 million. The fund is just one component of the SAP.iO open innovation model, which enables innovators both inside and outside SAP to use the power of SAP data,

LinkedIn introduces Trending Storylines to keep professionals hooked

By : CIOL Writers

After undergoing a complete makeover to boost user engagement and increase the time spent on the platform, LinkedIn is now launching a new feature dubbed Trending Storylines, a personalised feed of trending news stories and topics relevant to a user’s

Mukesh Bansal steps down from Swiggy’s board over ‘conflict of interest’

By : CIOL Writers

Within six months of joining Swiggy, Mukesh Bansal has stepped down as the board member of food delivery platform. Bansal joined Swiggy and online freight operator Rivigo as an independent director in October last year. Citing three people in the

LinkedIn introduces new enterprise edition for big businesses

By : CIOL Writers

LinkedIn is giving more power to enterprises by allowing them to influence its network of almost half a billion working professionals. The Microsoft-owned company has launched a new enterprise edition tier and other enhancements to its sales tool, Sales Navigator,

KOMPANIONS of transforming education through technology

By : CIOL Writers

Indian education system has often been criticized for being too theoretical and bookish to impart any true learning. But with education emerging as the new frontier for the entrepreneurial India, a spate of new edtech startups has changed the face

Lyft acquires Q&A startup FinitePath to improve its services

By : CIOL Writers

In a bid to improve its large-scale infrastructure and services, Lyft has acquired FinitePath for an undisclosed amount. With this acquisition, FinitePath is shutting down. Startup’s iOS and Android app Trail Answers too will be shutting down in the next

Snapdeal reportedly in talks with Flipkart, Paytm for potential sale

By : CIOL Writers

Online marketplace Snapdeal is reportedly in talks with rivals Flipkart and Paytm E-Commerce Pvt Ltd for a potential sale, according to a Livemint report. Japan’s Softbank Group, an investor in Snapdeal, is leading the sale talks, and the deal could

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Y Combinator to dedicate the upcoming batch for AI startups

By : CIOL Writers

Y Combinator, the American seed accelerator, announced its first “vertical” track exclusively for AI startups. Daniel Gross, the ex-founder of Cue and current partner at Y Combinator, announced the news in a blog post. Gross said, “In an effort to

Uber’s president Jeff Jones joins the long string of top-level departures

By : CIOL Writers

Here comes another blow for the car-hailing company, Uber, making situations worse. Amid a long list of scandalling events that include allegations of sexual harassment, a faulty behaviour of chief executive officer Travis Kalanick, departures of top executives, Uber-President Jeff

Flipkart likely to raise $1.5bn from Tencent and eBay

By : CIOL Writers

Finally, Flipkart seems to be ending its fund-drought phase, which has been going on since last year. Flipkart is reportedly in talks to raise $1.5 billion from Chinese Internet giant Tencent and eBay. According to the Economic Times report, US-based

Snapdeal’s Jason Kothari takes additional role as FreeCharge CEO

Snapdeal announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge and a commitment to invest an additional $20 million in the Company. In addition to taking on the role of the CEO, Jason will continue his

Myntra exploring offline channel in search of profitability

By : CIOL Writers

Online fashion and lifestyle e-tailer, Myntra has launched its first offline retail store in Bangalore to promote the sales its top selling private label, Roadster. According to Myntra, Roadster which was launched in 2012, currently contributes 8 per cent of

Paytm is going global, launches services in Canada

By : CIOL Writers

After having a bumper season of sorts, India’s largest payment service provider Paytm is now aiming for a global footprint. The company on Thursday announced that it has launched its services in Canada for bill payments. Canadians will now be

IT services firm eZest Solutions acquires SmarterMe

By : CIOL Writers

Detroit-based IT services firm e-Zest Solutions has acquired SmarterMe, a machine learning powered personal sales assistant for an all cash deal. Devendra Deshmukh, CEO, eZest Solutions said, “SmarterMe is a strategic fit as it aligns perfectly with e-Zest’s mission 2020