StartUps

The expanding footprint of med-tech startups in India

By : CIOL Writers

Indian healthcare industry is marred by many factors such as affordability, awareness and availability, making health services accessible to very few. In such a scenario, technology is proving to be a great leveler. Medical technology innovations are making modern health-care accessible, available

Snapdeal CTO Rajiv Mangla resigns

By : CIOL Writers

Snapdeal’s woes are far from over. Merely few days after CFO Anup Vikal’s exit, its Chief Technical Officer Rajiv Mangla has called it quits, a company spokesperson confirmed on Saturday. Mangla apparently resigned from his post on October 27 and will be

Uber unveils a new credit card for customers in the US

By : CIOL Writers

Uber has teamed up with Barclays bank to launch a credit card in the US that offers rewards for purchases at restaurants, hotels, and, of course, Uber rides. The Uber Visa has no annual fee, and users earn $100 after they spend

InMobi hires ex-Flipkart employee Ravi Krishnaswamy as its CTO

By : CIOL Writers

InMobi, a global media advertising, and discovery platform have appointed former Flipkart employee Ravi Krishnaswamy as the Chief Technology Officer of the company. Krishnaswamy will replace Mohit Saxena, InMobi co-founder who recently moved to the US but continues with the company.

WeWork acquires coding bootcamp Flatiron School

By : CIOL Writers

Shared-workspace company WeWork has acquired New York-based coding bootcamp, Flatiron School. Launched in 2012, Flatiron School is a coding education platform that offers both online and offline classes to folks who want a career in the world of tech. “WeWork’s culture is one

Lyft raises $1B led by Alphabet’s CapitalG

By : CIOL Writers

Uber’s rival Lyft has raised $1 billion led by CapitalG, Google’s investment fund. The latest funding round values the ride-hailing company at $11 billion, the company announced. As part of the deal, CapitalG Partner David Lawee will be joining Lyft’s board. The

BankBazaar raises $30M in series D funding led by Experian

By : CIOL Writers

Financial products marketplace BankBazaar has raised $30 million in a funding round led by  London-headquartered credit rating agency and information management company Experian. The latest round brings BankBazaar’s total funding to $110 million. BankBazaar’s other investors include Amazon that led its $60 million Series C

Snapdeal CFO Anup Vikal resigns

By : CIOL Writers

Though Snapdeal has been trying hard to bring its ship back into steady waters, looks like, there is still some time before that happens. In a latest blow to the e-commerce marketplace, Snapdeal’s chief financial officer (CFO) and general counsel, Anup Vikal has

Flipkart looking to buy stake in BookMyShow: Report

By : CIOL Writers

Homegrown e-commerce giant Flipkart is in talks to pick a minority stake in ticketing platform BookMyShow, reports Economic Times. Citing people familiar with the discussions, the report says that though the talks are only in the initial stage, it may

PolicyBazaar raises Rs 500cr from Wellington Management and others

By : CIOL Writers

Online insurance policy aggregator PolicyBazaar has raised Rs 500 crore in a new funding round led by global asset management firm Wellington Management, IDG Ventures India and private equity firm True North, as reported by Economic Times. As the name

Lyft announces in-app navigation via Google Maps for drivers

By : CIOL Writers

As the battle to become the number one ride-hailing company in the US intensifies, Lyft has announced to bring a new feature on the Lyft Driver app called Lyft Navigation. Lyft Navigation is built with Google Maps and is accessed right

Magic Leap is raising upto $1bn in new funding round

By : CIOL Writers

AR mystery startup Magic Leap is looking to raise up to $1 billion in a new funding round. The company, based in Florida, has authorized the sale of more than 37 million shares of Series D stock at $27 each to raise

Swiggy partners Indifi Technologies to provide loans to restaurants

By : CIOL Writers

Online food ordering and delivery service Swiggy has partnered with lender Indifi Technologies to provide working capital loans to its restaurant partners. Under the partnership, the duo have launched a new programme- Swiggy Capital Assist, that will provide unsecured loans to restaurants listed on the platform. “Through Swiggy Capital Assist,

Flipkart to invest $500M in payments arm PhonePe

By : CIOL Writers

Flipkart has committed $500 million for its payments platform PhonePe, which is scaling its operations. The e-commerce major acquired PhonePe in 2015 and has since then  invested $75 million in the platform. This is one of the largest single investment commitments in the Indian

UC Berkeley launches a medtech accelerator in Bangalore

By : CIOL Writers

The University of California, Berkeley has partnered with startup incubator IKP Eden to launch an accelerator for medtech startups in Bangalore. The program will select 15 seed-funded startups for each batch that are looking to scale their products and raise series

Ola raises $1.1B from Tencent, Softbank

By : CIOL Writers

Homegrown cab-aggregator, Ola has raised $1.1 billion in fresh funding from investors including Chinese internet giant Tencent and Japan’s SoftBank expanding its war chest to take on arch-rival Uber. Ola also disclosed that it was in advanced talks to raise another $1 billion

eMudhra to launch R&D centre in Bangalore to develop Blockchain-based tech

BANGALORE, INDIA: eMudhra today announced the launch of an R&D center in Bangalore to work in Blockchain-related technologies and to further enhance Blockchain-based systems for Smart Cities. A Blockchain fundamentally deals with secure transactions using cryptographic keys and this development

Ola said to be raising $2B from SoftBank, Tencent and others

By : CIOL Writers

While its competitor Uber is battling serious issues both inside and outside the company, Ola, India’s largest ride-hailing firm is raising over $2 billion from a group of investors, including Japan’s SoftBank and Tencent Holdings, Bloomberg reported. The first part of

Flipkart’s logistics arm eKart raises $98M from group firm Klick2Shop

By : CIOL Writers

Flipkart has pumped in nearly $98 million (Rs 641 cr) into its logistics arm eKart through its Singapore-based group firm Klick2Shop Logistics Services International, according to regulatory filings with the Ministry of Corporate Affairs. As reported by ET, the latest funding is aimed at strengthening

Uber’s power politics: Travis Kalanick appoints two new board members

By : CIOL Writers

Uber’s boardroom battle is far from over as Travis Kalanick’s recent appointments of two new directors at the ride-hailing company seems to have escalated the tensions in the boardroom. Kalanick announced last weekend that Ursula Burns, a former chief executive of