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Flipkart has no plans to cut jobs, says COO Nitin Seth

Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter ...

17 February, 2017 |More »

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Urban Ladder raises $15 mn from Kalaari, SAIF and others

Bangalore-based Urban Ladder Home Décor Solutions Pvt. Ltd, which runs online furniture store Urban Ladder, has raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Stea...

17 February, 2017 |More »

Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

17 February, 2017 |More »

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Booking.com launches accelerator programme for startups in sustainable tourism

Accommodation booking website Booking.com has launched a new accelerator initiative, the Booking Booster Programme, for startups in the tourism segment. The three-week programme, which will be held in June 2017 in Amsterdam, will see between eight and 12 startups being shortlisted, the company said ...

17 February, 2017 |More »

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Google takes on Amazon Echo, adds voice-activated shopping

Tech giant Google has added another feature to Google Assistant-powered Google Home smart speaker which would allow users to shop for products online. Google Home users can now order products from a litany of retailers including Costco, Whole Foods Market, Walgreens, PetSmart and Bed Bath & Beyo...

17 February, 2017 |More »

B2B startups

Here’s why you should consider investing in B2B startups instead

Currently, most startups are focused on creating a product that will be marketed directly to the consumer. However, the growth in B2B startups, otherwise known as business to business startups, has revolutionised the field and created a meter draw for investors. This article shares some insights int...

17 February, 2017 |More »

News website The Ken raises $400K from angels

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement. The participants in this round of funding include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish ...

17 February, 2017 |More »

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Uber, Ola clock half a billion rides in 2016, says RedSeer

Ride-hailing companies Uber and Ola carried out approximately 500 million rides in 2016, according to a report by RedSeer Management Consulting, a Bangalore-based consultancy firm. The number of rides by ANI Technologies Pvt Ltd-backed Ola, and US-based Uber Technologies Inc’s India subsidiary Ube...

17 February, 2017 |More »

Apple to start manufacturing in India by April with iPhone SE

Apple to start India manufacturing soon with iPhone SE

Apple India Pvt. Ltd, the local arm of Cupertino-based Apple Inc., will soon start assembling iPhones in India at a plant in Bangalore being set up by its Taiwanese manufacturing partner Wistron Corp, a financial daily reported on Friday. Wistron will assemble units of the iPhone SE starting April t...

17 February, 2017 |More »

Hemanth Satyanarayana, CEO of Imaginate

VR startup Imaginate raises $500K from SRI Capital

Imaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised Rs 3.35 crore ($500,000) in seed investment from venture fund SRI Capital, a top company executive told Techcircle. “The funds will be used to scale up operations in the US and run pilots with l...

17 February, 2017 |More »

Chinese brands now account for 1 in 2 smartphones sold in India

In Charts: Chinese brands now account for 1 in 2 smartphones sold in India

Chinese smartphone vendors, which have been gaining prominence in India thanks to a bevy of aggressively-priced models, continued to wrest market share from home-grown players and multinational manufacturers in the October-December quarter. Their share in the local smartphone market touched a whoppi...

17 February, 2017 |More »

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Ola, Uber drivers go on strike in Bangalore as talks fail; one attempts suicide

As the latest round of talks between driver representatives and cab-aggregators failed, drivers associated with taxi-hailing companies Ola and Uber have launched a fresh round of agitation in Bangalore. One of the protesters attempted suicide outside Ola office by consuming poison. He has been rushe...

16 February, 2017 |More »

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Exclusive: Packaged foods startup Sattviko acquires StylSpot

Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal StylSpot in order to strengthen its technology platform, a top company executive told Techcircle. Sattviko, which also operates a chain of quick-service restaurants (QSR) in three cities,...

16 February, 2017 |More »

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Used car marketplace Truebil raises $3 mn from Chinese VC fund

Truebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money r...

16 February, 2017 |More »

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Bluestone narrows revenue gap with Caratlane

The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore f...

16 February, 2017 |More »

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