ICO: A New Way Of Fundraising For Indian Startups

Sandeep Phogat Historically, IPOs or VC funding has financed startups for projects and ventures. Later, the concept of crowdfunding was made popular by platforms such as Kickstarter. In 2013, Ethereum, a cryptocurrency and decentralized app platform brought ICOs into the

Food-Tech startup SmartQ acquires Goodbox’s Digital Cafeteria business

By : CIOL Bureau

In an effort to scale up its expansion plans, SmartQ, a Bengaluru-based leading online food tech platform today announced that the company has acquired the Digital Cafeteria business of Goodbox which provides mini apps to businesses. The acquisition is a

Deep-Tech Focussed Bharat Innovation Fund Announces First Close Of Its $100M Fund

BANGALORE, INDIA: Bharat Innovation Fund, an early stage deep-tech, and IP- focused venture fund, affiliated with the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at Indian Institute of Management (IIM) Ahmedabad, announced its first close today. The pre-Series-A and Series-A focussed $100M fund

Zoho Partners with T-Hub

By : CIOL Bureau

Zoho announced its partnership with T-Hub, a global startup catalyst that powers entrepreneurship and deal flow. The partnership will provide a one-year free Zoho One subscription to all T-Hub incubated startups. Zoho One is a bundle of more than 40

Chennai Start-up SP Robotics launches ‘Makers Lab’ to boost Innovation in the Fields of Robotics & IoT

By : CIOL Bureau

SP Robotics announced the launch of ‘SP Robotics Maker Lab’, a first of its kind platform, empowering young entrepreneurs to boost innovation in the fields of Robotics and IOT in the country. ‘Maker Lab’ is currently active in thirty locations,

‘scalerator’ aims to enhance the collaboration between Israeli and Indian startups

BANGALORE, INDIA: Accenture, the Consulate General of Israel to South India, and NASSCOM have jointly launched ‘scalerator,’ an exclusive program that aims to enhance the collaboration between Israeli and Indian startups to create innovative solutions for global markets. Scalerator will identify

Dubai Police selects an Indian startup Staqu to fight crimes with advanced AI


NEW DELHI, INDIA: Gurgaon-based Artificial Intelligence startup Staqu will assist Dubai police in reducing the crime rate with its AI-powered predictive policing technology. Staqu made its way to the top slot, out of the 677 applications received by the Dubai

Indian e-commerce likely to cross $100bn mark by 2020

With an online population of 500 mn in 2017, India has one of the fastest growing Internet population in the world. But, despite a growing internet and smartphone penetration, Indian e-commerce penetarion is still under penetrated in comparison to other

India remains the top destination for tech investors in Southeast Asia

INDIA: Southeast Asia and India continue to capture heightened attention from investors in 2018 looking to capitalize on budding technology (tech) opportunities and emerging market plays outside of China. Independent M&A intelligence service, Kroll estimated 170 tech transactions by private

Uber gets into bike-sharing business with Jump

By : CIOL Writers

Uber is buying New York-based electric-bike startup Jump Bikes that operates in 40 US cities. In a blog post, Uber chief executive Dara Khosrowshahi said that the company had reached a deal to acquire Jump adding bike sharing to its transportation options. “We’re committed

Walmart still eyeing Flipkart; due diligence reportedly done

By : CIOL Writers

Walmart has once again set its eyes on India’s e-commerce giant, Flipkart and has already completed a thorough due diligence process on e-commerce firm, according to multiple media reports. Citing people in the know of the things, Livemint reported that Walmart

Ola partners Acko to bring in-trip insurance for users

By : CIOL Writers

Cab aggregator Ola has partnered with Acko General Insurance to provide in-trip insurance to its customers in India. The new program will be available in more than 110 cities in India. “Together with Ola, we have created a first of

iRobots vacuum cleaners are Alexa-enabled now

By : CIOL Writers

Puresight Systems, the exclusive distributor of iRobot‘s products in India announced the integration of Amazon Alexa and IFTTT(If This Then That) with iRobot’s Wi-Fi enabled vacuum cleaning devices. The latest skills will be available in iRobot’s products including Roomba 695, Roomba 895,

Ola acquires Ridlr to expand public transport business

By : CIOL Writers

Cab hailing firm Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing, and commuting app as the company seeks to improve its navigation technology and potentially expand the range of its services. Bhavish Aggarwal, CEO of Ola, said, “Public transportation serves millions of

P2P lending firm Finzy raises $1.3M in pre-Series A funding

By : CIOL Writers

Peer to peer lending platform Finzy has raised $1.3 million in the first round of pre Series A funding. The second round of fundraising is expected to close with a pre-identified set of investors within the next 60 days. The

Paytm revamps app for a more intuitive UI

By : CIOL Writers

Digital payments wallet firm Paytm has rolled out a major update to its app. The overhaul drastically changes the layout of the mobile app making money transfers simpler and faster besides offering instant transfers from a user’s Paytm Payments Bank account,

Paytm Mall now a unicorn; gets Rs 3Kcr from SoftBank & Alibaba

By : CIOL Writers

While Paytm has been busy revamping its app, its e-commerce subsidiary Paytm Mall has gained coveted unicorn status after raising around Rs 3000 crore from Japan’s SoftBank and Chinese e-commerce giant Alibaba Group. SoftBank will invest Rs 2,600 crore in

Uber-Grab merger under investigation on competition grounds

By : CIOL Writers

The Competition Commission of Singapore (CCS) is investigating the Uber-Grab merger deal and has proposed interim measures that will require Uber and Grab to maintain their pre-transaction independent pricing. The commission also directed Grab to not take confidential information from Uber

GoPro Hero sports and action camera launched for Rs 18,990

By : CIOL Writers

GoPro has launched a new waterproof camera in India. The new entry-level action and sports camera named GoPro Hero is priced at Rs 18,990 and will be available exclusively on Flipkart. The new GoPro Hero joins the likes of Hero6 Black,

Equifax appoints former GE exec Mark Begor as its new CEO

By : CIOL Writers

Equifax announced former General Electric executive Mark Begor as the company’s new CEO. The hire comes six months after Equifax’s former CEO Richard Smith resigned and left Paulino do Rego Barros, Jr. leading in the interim. “I will prioritize continuing our team’s efforts