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

Bumble files counter lawsuit against Match for stealing trade secrets

By : CIOL Writers

Earlier this month, dating app Tinder’s parent company Match Group sued Bumble for patent infringement. Now, Bumble is returning the favor by filing a lawsuit against Match Group for illegally obtaining trade secrets. The lawsuit filed by Bumble acknowledges that

Uber won’t re-apply for self-driving car permit in California

By : CIOL Writers

In the wake of Arizona’s fatal crash that killed a pedestrian, Uber has decided against renewing its self-driving car permit in California that expires on March 31. Uber said it withdrew its California application because it wouldn’t have been able to

Uber banned from testing self-driving cars in Arizona

By : CIOL Writers

Uber, the world’s largest ride-hailing firm has been barred from testing its self-driving cars in Arizona following the fatal crash that killed a pedestrian while she was crossing the street. Arizona Governor Doug Ducey released a letter sent to Uber

Another retreat for Uber as it sells Southeast Asian biz to Grab

By : CIOL Writers

Uber has agreed to sell its Southeast Asia business to Singapore-based regional rival Grab, marking another retreat for the US company from international operations. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food

Ola eyeing Ridlr to improve navigation technology

By : CIOL Writers

In a bid to improve its navigation technology and add more services like intracity bus and train bookings on its platform, home-grown cab-aggregator Ola is in talks to acquire transportation app Ridlr, according to a Livemint report. Citing people in the

ClearTax, Zebpay partner to help investors deal with cryptocurrency taxation

BANGALORE, INDIA: The rise and fall of Bitcoin have fascinated the investor community. Although virtual currencies were well received by Indians initially, there continues to be confusion around it. Investors are unsure about how to pay tax on their gains