StartUps

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

Ola Soft launches in Australia; gives free rides in Perth

By : CIOL Writers

Indian cab-hailing company Ola announced that it has started offering its services in Perth, Australia. The company will be offering two free rides up to the value of $10 per ride in Australia’s Perth city as a soft launch of its

Microsoft commits $500M to a new startup program

By : CIOL Writers

Microsoft has announced a new program, Microsoft for Startups that delivers access to technology, go-to-market and community benefits that helps startups grow their customer and revenue base. As part of the program, the Redmond-based company is committing $500 million over the next two

Fitbit acquires health management platform Twine Health

By : CIOL Writers

Fitbit, the fitness and activity tracker manufacturer announced that it is acquiring cloud-based health management platform Twine Health. The details of the deal were not disclosed. However, the deal is expected to close in Q1 2018. “When combined with our

Microsoft hires Chalkup CEO to integrate Chalkup’s classroom tech to Teams

By : CIOL Writers

Microsoft has announced that it has hired Chalkup’s CEO Justin Chando. Chando will join the Microsoft Education team to help integrate classroom collaboration features in Microsoft Teams. Chalkup was founded in 2013 by CEO Justin Chando, who’s joining Microsoft as a

Fintech startup Kissht announces ‘Scan & Pay Later’ credit wallet

By : CIOL Writers

Fintech startup Kissht has announced the launch of an exclusive feature ‘Scan and Pay Later’ credit wallet. Customers can now shop on credit using the exclusive “Kissht QR Code” which will be usable in select offline stores and modern retail

Lendingkart raises Rs 565cr from Fullerton and others

By : CIOL Writers

Digital lending startup Lendingkart has secured Rs 565 crore in a Series C round of funding led by Singapore’s Fullerton Financial Holdings. Existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital also participated in the round. With this new

Ed-tech startup IMAX Program raises $13.5M from MSDF and others

By : CIOL Writers

IMAX Program, a personalized education start-up that serves 800+ schools and 300,000 students across India, has raised $13.5 million from the Michael & Susan Dell Foundation, LGT Impact Ventures, and existing investor Aspada. This is the largest investment in ed-tech