National Technology Day reiterates India’s focus of becoming a startup nation

BANGALORE, INDIA: Today is a very special day for Indian Technology. May 11 in India is celebrated every year since 1999 as the National Technology Day to mark the country’s advancements and achievements in technology. Although it marks the anniversary

Deals from the startup world

By : CIOL Writers

Knowlarity buys customer engagement start-up Smartwards Cloud telephony start-up Knowlarity Communications Pvt. Ltd has acquired Gurgaon-based start-up Smartwards Services Pvt. Ltd,a customer engagement platform that simplifies loyalty for local businesses and their customers, for an undisclosed amount. ShantanuMathur and Dhanraj

Hard times for the startup industry and the students at IIT

By : CIOL Writers

These are hard times for the startup industry. Amidst uncertainty about funding and pressure on profitability, startup sector is not the most sought-after for placements anymore at Indian Institutes for Technology. With many startups withdrawing job offers at IITs in

Banks chuck legacy vendors, startup love deepens

BANGALORE, INDIA: Despite banks facing intense pressure to increase efficiencies and reduce costs while delivering next-generation digital services, legacy application vendors have been slow to respond to new requirements, according to a new report from Gartner. New vendors are emerging

MobiKwik raised $50 million

By : CIOL Writers

MobiKwik, an online recharge, and mobile wallet declared that it has raised $50 million – Rs 332.6 crore – in series C funding led by GMO, a publicly listed Japanese internet company involved in payments among other things, and semiconductor

Beauty startups find it difficult to survive

By : CIOL Writers

Within a year of inception, Amber Wellness an online beauty startup, has ended its services in Indian cities of Bangalore, Delhi and Mumbai. The startup which was launched in August 2015 decided to shut down due to low-profit margins; though

Start-up Commeasure receives a million dollar funding

Singapore: South Asia’s Hotel Booking Platform Commeasure, has announced that it has received a Million Dollars in seed funding. The lead investor is Jungle Ventures, a Singapore based, entrepreneur backed venture firm that funds and helps start-ups scale across Asia