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Author Archive ‘ Dearton Thomas Hector ’

BlackBerry

BlackBerry to stop making smartphones itself, focus on software

BlackBerry Ltd, the Canadian company that introduced smartphones to the world, will stop manufacturing its iconic devices internally to focus on growing its software business. BlackBerry-branded phones will now be developed by the company’s partners, who will license the Waterloo, Ontario- based f...

29 September, 2016 | More »

Funding_0008

Cloud data backup firm Druva raises $51 mn from Sequoia, others

Silicon Valley-based cloud backup and data protection firm Druva Inc. said on Wednesday it has raised $51 million (Rs 340 crore) in a new round of funding led by existing investor Sequoia Capital India. Singapore’s EDBI, the corporate investment arm of Singapore Economic Development Board, as well...

28 September, 2016 | More »

walmart_fe

Walmart in early talks to invest in Flipkart

US-based offline and online retailer Walmart Stores Inc. is in early talks with Indian e-commerce firm Flipkart India Pvt. Ltd for an equity partnership, according to a report. The Economic Times reported, citing two sources it didn’t name, that “the companies are engaged in early talks and a me...

27 September, 2016 | More »

Rajesh Bysani, CPO, Zoomcar

Zoomcar names ex-FreeCharge exec Rajesh Bysani chief product officer

Self-drive car rental startup Zoomcar India Pvt. Ltd has appointed Rajesh Bysani as its chief product officer. Prior to joining Zoomcar, Bysani led product and growth at digital payments firm FreeCharge. He also worked as AVP for products at bus ticketing platform redBus, where he was leading the B2...

27 September, 2016 | More »

zomato

Zomato buys logistics-tech firm Sparse Labs to help restaurants track orders

Online restaurant discovery and ordering platform Zomato Media Pvt. Ltd said on Monday it has acquired Gurgaon-based logistics technology startup Sparse Labs Pvt. Ltd. This is Zomato’s first acquisition in nearly a year and a half and the 10th overall, according to VCCEdge, the data research platf...

26 September, 2016 | More »

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Ola expands ride-sharing service to three more cities

Cab-hailing startup Ola, run by ANI Technologies Pvt. Ltd, said on Monday it is expanding its ride-sharing service Ola Share to three more cities. By starting services to Chandigarh, Jaipur and Ahmedabad, Ola Share will be available in 10 cities across India, the company said. TechCircle had recentl...

26 September, 2016 | More »

Apple

All you want to know about Indian AI startup Tuplejump that caught Apple’s eye

Tech giant Apple Inc. has acquired Hyderabad-based machine learning startup Tuplejump as part of efforts to boost its artificial intelligence capabilities. The development was first reported by tech news portal TechCrunch. The startup, which had a dozen employees, was launched by three Indian engine...

23 September, 2016 | More »

uber_texi

Exclusive: Uber’s bike share service UberMoto goes cold in Ahmedabad

Is Uber’s bike-share service UberMoto facing viability issues in Ahmedabad? By the looks of it, it is. TechCircle tried to book UberMoto using various locations in Ahmedabad, at different times of the day, for two days (Thursday and Friday), but it showed ‘no motos available.’   Not ready...

23 September, 2016 | More »

Rocket-Internet

Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »

Airbnb2

Airbnb raising $850 mn from Google Capital, others

US-based home rental startup Airbnb Inc. is raising an estimated $850 million in a round of funding which values the company at $30 billion. The development was first reported by Fortune, citing anonymous sources. The report said that the company has held first close of the funding round at $555 mil...

23 September, 2016 | More »