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Bike taxi app Rapido adds pooling to its offerings

In its bid to improve unit economics, bike taxi app Rapido has added bike-pooling to its offerings. The startup will now offer both bike-pooling and regular bike taxis to consumers looking to hail two-wheeler rides. The new business strategy comes in the wake of a fund raise plan. Existing investors...

12 December, 2016 | More »

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Paytm to be one of the final two marketplaces, says Vijay Shekhar Sharma

Vijay Shekhar Sharma, the founder of Paytm, has risen to the occasion to make the most of the demonetization and the cashless economy push initiated by Narendra Modi government. Full-page advertisements in popular dailies, TV commercials, outdoor as well as ambience campaigns across consumer touch-p...

9 December, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Paytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 cror...

9 December, 2016 | More »

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Google cuts size of Android app updates

Tech giant Google has reduced the size of its application updates by up to 65% using new software, a move that will save data costs for users. The new file-by-file patching will minimise the amount of data that end users have to download for application installs and updates, Google Play software eng...

8 December, 2016 | More »

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Holiday recommendation platform Triporb gets selected by FbStart

Travel tech startup Triporb, run by Holiday Dreamland Pvt. Ltd., has been selected for Facebook’s FbStart programme, which is designed to help early-stage mobile startups build and grow their apps. The Triporb app allows users to create travel logs for other users to view and follow. “We noticed...

8 December, 2016 | More »

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From concierge services to mobile wallets, IRCTC is making train travel hassle-free

Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the government-controlled Indian Railways, has introduced several initiatives in November and December to improve the commuting experience for millions of travellers. IRCTC, which started with 29 bookings a day in 2002, is curr...

8 December, 2016 | More »

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Health-tech startup Lybrate’s CEO on building the ‘Quora’ for health and growth plans

Lybrate Inc. is striving to become the go-to digital platform for patients to discuss health-related issues and for doctors to connect with one another. The health-tech startup allows users to book audio, video or in-person consultations with doctors and ask health-related questions for free through...

7 December, 2016 | More »

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Online investment advisory startup WealthApp gets $440K from angel investors

Bengaluru-based online investment advisory startup WealthApp Financial Advisors Pvt Ltd has secured Rs 3 crore ($440,000) in angel funding from investors including NuVentures managing partner Venk Krishnan and Daksh eServices co-founder MJ Aravind. Vikram Kotak, managing partner at Crest Capital and...

7 December, 2016 | More »

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Exclusive: AI startup Niki.ai raises additional funding from Unilazer

Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC fili...

6 December, 2016 | More »

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Uber to buy Geometric Intelligence to strengthen its AI wing

US- based ride-hailing app Uber Inc. on Monday made two significant announcements in its blog. The first was its creation of a new division for artificial intelligence (AI), called AI Labs, to be based in San Francisco. The second announcement was that Uber is acquiring an AI startup Geometric Intel...

6 December, 2016 | More »