Tag "Start-up"

Stayzilla halts operations, will come back with ‘different business model’

By : CIOL Writers

Online marketplace providing homestays, Stayzilla has suspended its operations and will reboot “with a different business model”, co-founder and chief executive Yogendra Vasupal announced in a blog post. Though all new bookings on Stayzilla website and app have now been

Automotive tech startup ClearMotion raises $100mn in series C funding

By : CIOL Writers

Venture capitalists have invested $100 million into a Boston-based automotive technology startup – ClearMotion – that is developing software-controlled suspension systems for cars. ClearMotion, Inc. has raised $100 million in series C financing that was led by clients advised by

Flipkart denies senior executives’ exit

By : CIOL Writers

Looks like, 2017 hasn’t changed things much for Flipkart as the India’s largest e-commerce retailer continues to witness executive exits at the top level. Earlier this month, Saikiran Krishnamurthy, Surojit Chatterjee and Samardeep Subandh put in their papers to leave

IBM acquires cyber security startup Agile 3 Solutions

By : CIOL Writers

In a bid to further strengthen its security system, IBM Security Solutions has acquired cyber-security startup Agile 3 Solutions, for an undisclosed price. The acquisition is scheduled to be closed within next few weeks. Agile 3 Solutions, a San Francisco-based

Netmeds acquires medicine delivery startup Pluss to expand reach in North India

By : CIOL Writers

E-pharmacy Netmeds has acquired rival hyperlocal medicine delivery startup Pluss in an all-stock deal aimed at expanding its operations and reach in Northern India. The merger will also enable the Netmeds to compete against the likes of prominent players like

India, along with China & the US to dominate digital platform economy by 2020

By : CIOL Writers

According to the latest report by Accenture, India, China and the U.S are on the pace to dominate the digital platform economy by 2020, mainly due to the increased online population and the improvement in supportive public policies. Accenture published

DIPP asks IMB to expedite inspections for tax incentives for startups

By : CIOL Writers

Income tax exemption for three years in a block of five years for startups was one of the most lucrative incentives in the Budget package announced earlier this year. However, with long delays in scrutinizing and recommendations, the Inter-Ministerial Board

Mumbai not the city of dreams for startups

By : CIOL Writers

Mumbai city, or as it is fondly remembered by Mumbaikars as Bombay, has never had dearth of opportunities, especially for entrepreneurs. Still, the start-up ecosystem that started in and is now blown out of proportion, in Bengaluru, hasn’t had much

A new startup app that allows parents and teachers to interact has gone viral

By : CIOL Writers

If you are the sorts of parents who like to keep a close tab on your kids, especially when they are away at school, this one is definitely for you. ClassDojo is an app, available on the Apple Store and

India’s first IoT centre starts in Bangalore

By : CIOL Writers

India’s first center for excellence in Internet of Things (IoT)—where sensors in devices talk to each other and share data using the internet—has been launched in Bengaluru, with five startups, including The startups Wireless Controls, Uncanny Vision, LightMetrics, ThingsCloud and

$8 Bn worth funding in mobile based startups in last 5 years

By : CIOL Writers

With mobile phones contributing 40 percent of all e-commerce sales in India in 2015,startups in m-commerce, video streaming, gaming and m-payment segments attracted $8,053 million worth of funding through 394 early stage deals in the last five years, according to

Funding roundup: From LendingKart to Airbnb

By : CIOL Writers

In the startup world we live in daily new investments are initiated. Here’s a round up of the winners from this space. Voler Cars Gets Undisclosed Amount of Funding Voler Cars, a self-drive car rental company has raised an undisclosed

3 pillars of Clinton’s tech platform: Connectivity, education & entrepreneurship

By : CIOL Writers

Democratic nominee for the POTUS elections, Hillary Clinton has announced Connectivity, education, and entrepreneurship as the three principles of her technology platform unveiled yesterday at a Denver startup incubator. Though many questioned her decision to announce her technology imperatives outside

NASSCOM commits to encourage innovations on IoT space

By : CIOL Writers

The trade association for Indian information technology NASSCOM 10000 StartUps has formed a strategic alliance with IvyCamp to bolster innovation in the Internet of Things (IoT) ecosystem in India. NASSCOM 10000 StartUps has been working to bring together valuable insights

5 ‘Must Reads’ for a tech entrepreneur

By : CIOL Writers

Do you know that 88 percent of world’s richest people read for at least 30 minutes a day (compared to just two percent of the general population)? So if you wish to join the ranks, reading is invaluable. You might

The start-up connection of POTUS elections

By : CIOL Writers

Besides Social media, there is one more thing that will go down in the history as the defining feature of our times. Start-ups. Corporates were the talk of the town in the last millennium but now is the time for

Govt sets up Rs 10,000cr fund corpus to encourage startups in India

By : CIOL Writers

The startup space in India received another leg-up on Wednesday after the Union cabinet approved the setting up of a ‘Fund of Funds for Startups’ with a corpus of Rs 10,000 crore at SIDBI (Small Industries Development Bank). The decision

A new app allows travellers to find fellow wanderers

By : CIOL Writers

Travelling solo can get lonely sometimes. Or it could happen that your travel companion has to leave you mid-way! For situations like these, there’s Tripstir—a new app that helps you share travel plans and tips with your friends. You can

Govt allows 100pc FDI in grocery startups like Bigbasket & Grofers

By : CIOL Writers

Giving a much-needed boost to retailers and grocery startups such as Bigbasket and Grofers, the government has allowed 100 percent FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This new

Startups get another leg-up; exempted from Angel tax

By : CIOL Writers

The Modi-led government is leaving no stone unturned to help the already blown-up startup space in India. In a major incentive, the government is now allowing startups to issue shares to investors at higher than fair value without worrying about