StartUps

Zensar Technologies gets insurance capability with Cynosure

By : CIOL Writers

Zensar Technologies announced that it is acquiring US-based IT firm Cynosure that focuses on mid-tier and smaller insurance clients for $33 million. As a part of the agreement, Zensar will acquire 100 percent stake in Cynosure for $31 million, plus pay earnouts over 24

Micromax Informatics invests in AI startup One Labs

By : CIOL Writers

India’s homegrown smartphone manufacturer Micromax has invested an undisclosed amount in AI startup One Labs. One Labs operates inOne, a platform that aggregates apps across multiple genres in food, shopping, travel, deals, cabs, news, recharge, games and more. Among the

ICICI bank to ease payment transfer from delivery fleet to Swiggy

By : CIOL Writers

Online food ordering and delivery platform Swiggy has teamed up with ICICI Bank to allow its delivery fleet to make payment transfer seamlessly. With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the

Tinder files a lawsuit against Bumble for patent infringement

By : CIOL Writers

2017 was a year of lawsuits in the tech world. From Uber vs Waymo, to Apple vs Qualcomm, there was no dearth of courtroom drama in the past year. Looks like the legacy continues in 2018 too. Online dating app

Oyo to tap into corporate segment with Novascotia Boutique Homes

By : CIOL Writers

Gurgaon-based, hotel aggregator Oyo has acquired Chennai-based service apartment operator Novascotia Boutique Homes marking Oyo’s entry into the service apartment and corporate executive stay segment. The development was first reported by ET. According to the report, the negotiations for the deal started last October and

Spotify to soon launch its music streaming service in India

By : CIOL Writers

Spotify, the global music streaming platform is finally coming to India. Spotify co-founder and CEO Daniel Ek confirmed the launch at the company’s Investor Day 2018 presentation. “We are working on launching in some of the biggest markets in the

Grofers looks to bolster supply chain with new funds

By : CIOL Writers

Online grocery startup, Grofers has raised Rs 400 crore in a fresh funding round led by SoftBank. The company says that the new funds will be utilised to build more private labels and improve supply chain. Tiger Global, the New York-based

Meet Flex- world’s first fully programmable cloud contact center platform

By : CIOL Writers

Twilio, the cloud communications provider has launched Twilio Flex– a fully programmable cloud contact centre platform. The platform covers multiple channels and allows customers to customize interfaces, routing and reporting. Flex is built on the foundation of Twilio’s Super Network which powers

Waymo partners Google to launch self-driving pilot program in Atlanta

By : CIOL Writers

Waymo is partnering up with Google to launch a pilot program in Atlanta to focus on self-driving trucks and automated logistics. All self-driving trucks from Waymo will be hauling cargo destined for Google’s Atlanta-based data centres as part of the program. The

Niti Aayog launches a entrepreneurship platform for women

By : CIOL Writers

On the occasion of International Women’s Day, Niti Aayog has launched a platform for women to build their enterprises. The Women Entrepreneurship Platform (WEP) aims to build an ecosystem where women do not face any gender-related issues. Anna Roy, head of

Uber hires former Alexa voice shopping chief Assaf Ronen

By : CIOL Writers

Uber has hired former Amazon Alexa voice shopping chief Assaf Ronen, as reported by Recode. Ronen is set to replace Uber’s Head of product, Daniel Graf, who will remain as an advisor and help get Graf up to speed. Uber

Netflix adds video previews to mobile app

By : CIOL Writers

Almost a year after it launched video previews for video content, Netflix is bringing vertical video previews for its mobile app. The new feature will allow Netflix users to sample content with 30-second video previews that are being displayed as

Pepperfry raises Rs 250cr in fresh funding

By : CIOL Writers

Furniture marketplace Pepperfry has raised Rs 250 crore in fresh capital from US-based financial services firm State Street Global Advisors(SSGA). SSGA joins Pepperfry’s existing investors including Norwest Venture Partners, Goldman Sachs, Bertelsmann India Investments and Zodius Capital. Anandh Hari, managing director

Magic Leap raises $461M from Saudi Arabia fund

By : CIOL Writers

The secretive augmented reality startup, Magic Leap has raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm. Though the company hasn’t released a product till date, they continue to raise a lot

Hyderabad based Click2Clinic Healthcare plans to expand into 12 cities

HYDERABAD, INDIA: With the launch of its new app service, ‘Home Heal’, Hyderabad based healthcare service aggregation startup Click2Clinic Healthcare is now planning to cover 12 new cities by the end of current fiscal. Home Heal offers comprehensive home health

Coursera teams up with 5 universities for six new online degree progs

By : CIOL Writers

Online education platform Coursera has teamed up with various universities around the world to offer six new online degree programs. The participating universities and the degrees are- Arizona State University offering a Master of Computer Science; Imperial College London offering a Global

WeWork acquires digital marketing company Conductor

By : CIOL Writers

WeWork is acquiring the SEO marketing business Conductor. The terms of the deal were not disclosed. Though from the face of it, the two companies may not look like a perfect match, Conductor should give WeWork a stronger connection to enterprise clients. “Together,

Google sells restaurant review service Zagat to The Infatuation

By : CIOL Writers

Google has sold the restaurant review service Zagat to The Infatuation, a restaurant discovery platform. The two brands will work in tandem to provide users quality and diverse options for restaurant recommendations. “We’re thrilled by this opportunity to acquire such a

Sequoia India invests $6M in NBFC lending firm Finova Capital

By : CIOL Writers

NBFC lending company Finova Capital has raised $6 million from Sequoia India. The firm will use the funds to expand its presence across the country, investing in technology and talent acquisition. The news was first reported by Economic Times. Mohit Sahney,

Paytm Mall looking to raise $600M from SoftBank

By : CIOL Writers

Paytm Mall is in talks to raise $600 million from SoftBank and others at a valuation of over $2 billion, according to a report in Business Standard. Citing sources, the report says that the round will see participation from SoftBank, Singapore