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App Store sees record sales on New Year’s Day

For technology giant Apple Inc’s App Store, 1 January 2017 turned out to be its busiest single day ever, registering a whopping $240 million in customer purchases. Also, 2016 was a year of unprecedented developer earnings and breakout app hits, the company said in a statement on Thursday. Develope...

6 January, 2017 |More »

Kavin Bharti Mittal, founder, Hike

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

6 January, 2017 |More »

CherishX

Not sure where to go on your next date? Head to CherishX

It was a regular day for Anika Agarwal, a communication designer. As usual, she was browsing through Facebook and came across an advertisement. She would typically not pay much attention to such ads, except this time it caught her eye. It promised discovery, personalisation and booking of activities...

6 January, 2017 |More »

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Will digital wallets survive the UPI onslaught?

In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

6 January, 2017 |More »

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SaaS firm Zoho invests $10 mn in five startups

Enterprise tech firm Zoho has invested around $10 million (almost Rs 68 crore) in five startups, including machine-vision company Zentron Labs and medical devices maker vTitan, according to a media report on Friday. These investments will help the startups’ founders during the research and dev...

6 January, 2017 |More »

Team Mech Mocha

Mobile gaming startup Mech Mocha set to raise funding from Chinese VC firm

Chinese venture capital firm Shunwei Capital is in advanced talks to make its debut investment in India, in gaming startup Mech Mocha Game Studios Pvt Ltd, a financial daily reported on Friday. Shunwei Capital is investing $2 million along with venture capital firm Accel Partners, The Economic Times...

6 January, 2017 |More »

CES

Connected devices to be major focus at CES 2017

The prestigious consumer electronics trade show, CES 2017 kicked off last night in Las Vegas. This year, the show celebrates its 50th anniversary. “The products and services unveiled at CES 2017 will touch nearly every single global industry. From the latest in virtual reality, smart home, self-dr...

6 January, 2017 |More »

Snowloop

Photo recognition app Snowloop selected for Facebook’s FbStart

Photo recognition app Snowloop has been selected by Facebook for its FbStart programme, the co-founder of the company told TechCircle.in. The programme is aimed at developers in early-stage mobile-focused startups to help them build and develop their apps. As part of FbStart, Snowloop will receive c...

6 January, 2017 |More »

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Myntra claims high revenue growth at sales event

Even as its loss continues to widen, Flipkart-owned fashion portal Myntra on Friday claimed 160% growth in revenue during its latest edition of the ‘End of Reason Sale’. This is the fifth year of the sale event by Myntra. Myntra’s acquisition of its closest rival Jabong helped the company post...

6 January, 2017 |More »

Projesh Kundu and Kinjal Choudhary

After Flipkart, now Amazon sees top-level exits in India

Two top-level executives at US-based e-tailer Amazon.com Inc’s India subsidiaries quit in December 2016. Kinjal Choudhary, senior director and country head of human resources at Amazon India, and Projesh Kundu, director of operations at Amazon Logistics, left the company in November 2016, their Li...

6 January, 2017 |More »

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Exclusive: Uber puts a pause on bike-taxi service in Faridabad

US-based cab-hailing firm Uber’s bike taxi service UberMOTO seems to be unavailable in Faridabad. Users have claimed that they attempted to book the service multiple times, but failed to register a ride. This week, TechCircle.in too tried booking a bike taxi on UberMOTO on three days (Tuesday, Wed...

5 January, 2017 |More »

Mi-JPG

Xiaomi India clocks revenues of Rs 7,000 cr in 2016

Chinese smartphone maker Xiaomi Inc registered revenues of $1 billion (nearly Rs 7,000 crore) in India in 2016, only two years after it started its operations in the country, the company said in a media release. The smartphone maker, which launched its most popular smartphone Redmi Note 3 last year,...

5 January, 2017 |More »

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Exclusive: Flipkart sees more senior-level exits

Homegrown e-commerce company Flipkart has seen fresh senior-level exits at both the flagship marketplace as well as subsidiary online fashion retailer Myntra. The list includes Myntra’s supply chain head and senior vice president Rajul Jain, who was one of the cofounders of lifestyle e-tailer Yebh...

5 January, 2017 |More »

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Smart, connected living key theme for Samsung at CES 2017

Smarter, connected living seems to be the theme for South Korean tech giant Samsung Electronics at the consumer electronics show CES 2017 in Las Vegas. Ahead of the prestigious trade show, which starts today, the company announced its new QLED TV series – Q9, Q8, and Q7 – bringing a new lineup t...

5 January, 2017 |More »

Sundar Pichai

Many global software cos will emerge from India in 5-10 years: Google CEO Pichai

Google’s Sundar Pichai is confident that several large global software firms will emerge from India over the next 5-10 years, driven by world-class entrepreneurs. The chief executive of the world’s second-most valuable company by market cap said this in a student interaction at his alma ...

5 January, 2017 |More »

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