StartUps

Smart energy-efficient appliance startup Atomberg brings products at a subsidized rate in Mumbai

MUMBAI: Energy-efficient smart appliance startup, Atomberg Technologies has tied-up with Tata Power to distribute their flagship ‘Gorilla Fans’ to the customers in Mumbai at a subsidized price under the Demand-Side Management (DSM) scheme. Atomberg has also tied-up with Reliance under

Home rental startup NestAway raises $51M in Series-D funding

By : CIOL Writers

Home rental network NestAway has raised $51 million (about Rs 330 crore) from investors including Goldman Sachs and UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. As part of the deal, Goldman Sachs

Zomato co-founder Pankaj Chaddah hangs his boots

By : CIOL Writers

Zomato co-founder Pankaj Chaddah has resigned from the food technology firm. While Chaddah gave no indication of his next move, he is expected to stay with the company until the end of March to enable a smooth transition. Chaddah said on

Flipkart Internet gets $57M from parent entity

By : CIOL Writers

Flipkart Internet, which runs the Flipkart’s retail platform, has received $57 million cash infusion from its Singapore company Flipkart Marketplace, according to the documents filed with the Registrar of Companies (RoC). Flipkart Internet owns Flipkart.com and registers sales from advertisements and

Urban Ladder raises $12M in fresh funding from existing investors

By : CIOL Writers

Bangalore-based Urban Ladder has raised $12 million in a fresh funding round from existing investors. The round was led by Kalaari Capital, Sequoia Capital, Steadview Capital and SAIF Partners who put in $2.9 million each. The company says that these funds

Razorpay integrates UPI into IRCTC website and app

By : CIOL Writers

Digital payments company Razorpay has partnered with Indian Railway Catering and Tourism Corporation(IRCTC) to enable users to book tickets through UPI based service, in addition to the credit/debit cards, wallets, and net banking. The move first reported by Economic Times

Ola teams up with Indian Railways for last mile connectivity

By : CIOL Writers

Ola has partnered with the Indian Railways to launch dedicated Ola kiosks at five key Delhi railway stations aimed at facilitating last mile connectivity and improve mobility experience of passengers. Under the partnership, passengers at New Delhi, Anand Vihar, Old Delhi, Sarai Rohilla

Pinterest hires former Google exec Francoise Brougher as its first COO

By : CIOL Writers

Image-based searching and sharing website Pinterest has hired Francoise Brougher, a former Google executive as its first chief operating officer. She was most recently business lead at Square and prior to that VP of SMB global sales and operations at Google. Brougher,

Music streaming service Gaana raises $115M led by Tencent

By : CIOL Writers

Music streaming app Gaana is raising $115 million from Chinese Internet investment company Tencent Holdings and Times Internet, the company said in a statement. The funds will be used for strengthening technological capabilities, such as leveraging Artificial intelligence (AI) to provide

Indonesia-based Go-Jek raises $1.5B in latest funding

By : CIOL Writers

Indonesia-based ride-hailing company Go-Jek has raised $1.5 billion in a funding round from a dozen investors including BlackRock and Google. The development was first reported by Reuters. “Go-Jek is led by a strong Indonesian management team and has a proven track

Eden acquires OrgOrg, a social network for workplace professionals

By : CIOL Writers

Office management and tech support platform, Eden has acquired OrgOrg, a real-time social forum for Workplace professionals. OrgOrg was founded seven years ago by Kim Rohrer, the company’s CEO, who felt that there was no place for those who manage an office

Airbnb introduces Plus and Beyond aimed at high-end customers

By : CIOL Writers

Airbnb introduced two new tiers named Airbnb Plus and Airbnb Beyond, which are aimed at the high-end customers. Airbnb wrote in a blog post, “Every Airbnb Plus home is one-of-a-kind, thoughtfully designed, and equipped with a standard set of amenities

Uber officially launches Uber Express Pool

By : CIOL Writers

After months of trial in San Francisco, Uber is officially launching Express Pool, its new service that gets you cheaper fares in exchange for a little walking on your part. The company’s ride algorithm will match you and the driver

ShopClues raises $1M in bridge round from Unilazer Ventures

By : CIOL Writers

ShopClues has raised $1 million in a bridge round from Ronnie Screwvala-managed Unilazer Ventures. The funding comes amidst talks about ShopClues exploring merger options with other market players. The company allocated about 1,027 equity shares to the Indian subsidiary for raising

Koinex launches global crypto-assets named OMG and Request on their exchange

By : CIOL Writers

Despite the Indian government having apprehensions regarding the cryptocurrencies, Koinex, the digital assets exchange from India is going to list two global crypto-assets named OMG and Request on their exchange. OMG(OmiseGO) has been in the domestic market for a few

Uber could be looking to sell Southeast Asia unit to Grab

By : CIOL Writers

Uber is planning to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. The purported move mirrors an exit it pulled off in China,

Ola rocked by recruitment fraud running into million dollars

By : CIOL Writers

Cab aggregator Ola has ordered an investigation into fraud allegations against the company’s HR head, Yugantar Saikia, according to a FactorDaily report. Saikia, the head of human resources and chief administrative officer of Ola, allegedly favored a few vendors in return for kickbacks. As

Go-Jek names Niranjan Paranjape as its new CTO

BANGALORE, INDIA: Indonesia’s first unicorn and the fastest growing startup in Southeast Asia, Go-Jek appointed Niranjan Paranjape as the Chief Technology Officer (CTO) of Go-Jek. Ajey Gore will continue as the Group CTO of Go-Jek. Niranjan has more than 13

Google acquires Xively IoT from LogMeIn for $50M

By : CIOL Writers

Google announced that it is acquiring Xively, a division of LogMeIn for $50 million. Google and LogMeIn said the acquisition is subject to customary closing conditions. “With the addition of Xively’s robust, enterprise-ready IoT platform, we can accelerate our customers’ timeline

HackerRank raises $30M in Series C funding round

By : CIOL Writers

Coding and recruitment platform HackerRank has raised about $30 million in Series C funding round, led by JMI Equity. Existing investors including Khosla Ventures, Battery Ventures, Randstad Innovation Fund and Chartline Capital Ventures also participated in the funding round. HackerRank