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Sequoia-backed expense manager Walnut names Anurag Sinha as co-founder

SAIF Partners- and Sequoia Capital- backed personal finance management app Walnut has named Anurag Sinha as co-founder and chief business officer. Sinha, an IIM Bangalore and IIT-BHU alumnus, was earlier with ICICI Bank as deputy general manager, strategic investments and payment solutions. At Walnu...

27 October, 2016 |More »

PayU’s finance head Gurpreet Singh quits

Naspers-backed PayU Payments Pvt. Ltd has seen another top level exit with the resignation of its finance head. Gurpreet Singh, vice president and head of finance at PayU India, has quit the digital payments firm to join HCL Technologies. While confirming the development to Techcircle.in, Singh said...

27 October, 2016 |More »


IBM buys cloud services startup Sanovi

Tech Giant IBM has announced a definitive agreement to acquire Bangalore-based Sanovi Technologies Pvt. Ltd for an undisclosed amount on Thursday. The deal will enable IBM to bolster its cloud offerings. Bangalore-based Sanovi provides hybrid cloud recovery, cloud migration and business continuity s...

27 October, 2016 |More »


Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sin...

27 October, 2016 |More »


Microsoft unveils Surface Studio; price starts at $2999

Tech giant Microsoft Corp unveiled its desktop PC Surface Studio, with prices starting at $2,999 (Rs 2 lakh), and going up to $4,199 (Rs 2.8 lakh). The all-in-one Microsoft Surface Studio is available immediately for pre-orders and will be shipped by this holiday season. Microsoft’s Surface Studio...

27 October, 2016 |More »


Snapchat ​aims to raise $4 billion in IPO

US-based instant messaging app Snapchat is reportedly planning to raise as much as $4 billion in its initial share sale. According to a report in Bloomberg, the initial public offering (IPO) could value Snapchat, owned by Snap Inc., as high as $40 billion. The report added that,  according to peopl...

27 October, 2016 |More »


Amazon set to unveil Launchpad in India in next two months

E-commerce giant Amazon is set to unveil its global programme for startups in India named Launchpad within the next two months, Mint reported citing three people familiar with the development. Amazon Launchpad is a programme which showcases innovative products from startups to customers. The Launchp...

27 October, 2016 |More »


Alibaba Group’s global MD Gowrappan joins Paytm board

Alibaba Group’s global managing director K Guru Gowrappan has joined Paytm’s board as an additional director. This marks the third top-level appointment in the digital wallet firm during the last one week. On October 20, Paytm announced that Amit Singhal, the former head of Google search...

27 October, 2016 |More »


Exclusive: Pikkol raises funding from former 3M India head, Delyver co-founder, others

Bengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co. and Afsal Salu, co-founder of hyperlocal delivery company Delyver, which was acqu...

26 October, 2016 |More »


Just Dial Q2 net profit dips 27%, operating revenues up 10%

Online local search service company Just Dial Ltd, on Wednesday, reported a dip in the net profit for the second quarter of the current financial year. Net profit for the quarter ended September slid to Rs 29.62 crore against Rs 40.49 crore in the same quarter last year, the company said. Operating ...

26 October, 2016 |More »


Railways to allow booking of unreserved tickets through mobile wallets

Following the National Democratic Alliance government’s push towards a cashless economy, the Indian Railways may soon introduce the option to book unreserved tickets through mobile wallets, thereby shortening long queues at railway ticket counters. In a potential game changer, the national carrier...

26 October, 2016 |More »


MakeMyTrip Q2 revenue rises 27%, loss triples

MakeMyTrip Ltd, India’s largest online travel services firm, on Wednesday reported a 27% rise in revenue for the second quarter thanks to strong growth in both air ticketing and hotel booking businesses. The NASDAQ-listed company said revenue for the quarter through September increased to $83.1 mi...

26 October, 2016 |More »


Facebook selects healthcare app Healofy for FbStart programme

Bengaluru-based Healofy, a peer-to-peer content platform of moms and moms-to-be, has been selected for Facebook’s FbStart programme, which is designed to help early-stage mobile startups build and grow their apps. The app, owned and operated by Vivoiz HealthTech Pvt Ltd, will receive up to $40,000...

26 October, 2016 |More »


India comes close to displacing UK as second-largest startup nation

Despite a 22% fall in fund inflow over the last year, India has closed the gap with the second-largest startup ecosystem UK, which is estimated to have around 4,900 startups in 2016, according to Nasscom Startup Report 2016. In spite of the funding crunch, the country retained its position as the th...

26 October, 2016 |More »


Health-tech firm Idea Bubbles raises funding from Eureka Forbes, others

Bengaluru-based health-tech startup Idea Bubbles Consulting Services Pvt. Ltd has raised $700,000 (Rs 4.5 crore) from early stage funding platform 1Crowd, health and hygiene firm Eureka Forbes Ltd, along with its parent Shapoorji Pallonji & Co Pvt. Ltd. The company was founded in 2014 by IIT Del...

26 October, 2016 |More »

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