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Mobile

Happitoo founders Hemant Jain (left) and Raviraj Meena

What went wrong with nightlife discovery app Happitoo

Mumbai-based FNB City Media Pvt. Ltd, operator of hyperlocal nightlife mobile app Happitoo, has suspended operations after finding it difficult to raise fresh investment and achieve positive unit economics, co-founder Hemant Jain told TechCircle. “We couldn’t scale up and reach a minimum thresho...

17 August, 2016 | More »

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Mobile security startup Appknox raises $650K from SeedPlus

Bengaluru- and Singapore-based mobile security company Appknox has raised S$875,000 ($650,000 or Rs 4.35 crore) in a pre-Series A round led by SeedPlus, a new seed-stage venture capital firm backed by Jungle Ventures, Infocomm Investments, Accel Partners and RNT Associates. The startup has used the ...

17 August, 2016 | More »

Ola

Ola shuts TaxiForSure unit, lays off up to 1,000 people

Cab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. According to at least half-a-dozen people with the direct knowledge of the development, about 90% of the staff ...

16 August, 2016 | More »

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Voonik hires Amazon’s Raghu Lakkapragada as chief operating officer

Online fashion marketplace Voonik Technologies Pvt. Ltd said on Tuesday it has appointed former Amazon India executive Raghu Lakkapragada as its chief operating officer. Lakkapragada will be responsible for the delivery operations and seller and customer experience, Voonik said in a statement. He is...

16 August, 2016 | More »

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Kavin Bharti Mittal’s inspiration & philosophy in life

Kavin Bharti Mittal, one of the twins of Bharti Enterprises chairman Sunil Bharti Mittal, launched instant messaging mobile app Hike in 2012 that has come to command a valuation of $1.4 billion in just four years. Seen as one of the young and successful entrepreneurs of current times, Mittal graduat...

16 August, 2016 | More »

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Messaging app Hike joins unicorn club after raising $175 mn

Messaging app Hike Ltd has raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors in a round that propelled it to the elite list of unicorns, or private companies valued at least $1 billion. Existing investors Tiger Global, J...

16 August, 2016 | More »

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Google launches video calling app Duo for Android and iOS users

Tech giant Google Inc. has launched Duo, a one-on-one video calling app targeted at the smartphone users. The app, which has been launched for both Android and iOS users, allows users to sign up using their phone number. Users can then connect with those in their phone’s contacts list. “We have ...

16 August, 2016 | More »

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Uber launches web interface for customers wary of downloading apps

In a move that signifies that the app-only model of consumer-facing internet companies may be limiting their reach and use, cab hailing company Uber has launched a web interface, dial.uber.com, which allows users to book a cab directly from their smartphone without downloading the app. For now, the ...

16 August, 2016 | More »

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Two more top executives to quit Myntra

Barely a month after lifestyle e-tailer Myntra acquired rival Jabong, two top executives are leaving the Flipkart-controlled firm. The executives are Prasad Kompalli, head of commerce, and Abhishek Verma, who led the fashion brands vertical, The Economic Times reported. The report cited a Myntra spo...

16 August, 2016 | More »

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Exclusive: Snapdeal eyes nearly $1.2 bn valuation for FreeCharge

Online marketplace Snapdeal is looking to sell a stake in unit FreeCharge at a valuation of as much as $1.2 billion (Rs 8,000 crore), a person aware of the development said, as the retailer seeks to monetise its investment in the digital payments company it acquired last year. Snapdeal has been in d...

12 August, 2016 | More »