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Shalabh Seth

Ola ropes in former SABMiller exec as CEO of leasing arm

Cab-hailing service Ola has appointed Shalabh Seth as chief executive of Ola Fleet Technologies, a wholly owned leasing subsidiary, the company said in a statement on Wednesday. Prior to joining Ola Fleet, Seth was serving as managing director at SABMiller India, where he was responsible for busines...

11 January, 2017 | More »

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Grofers FY16 revenue drops, losses widen

Locodel Solutions Pvt Ltd, the company behind hyperlocal delivery startup Grofers, reported a sharp drop in revenue and a multifold jump in losses for 2015-16. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 lakh the previous year, the company’s annual report filed ...

11 January, 2017 | More »

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Mobile app management startup Hansel.io gets $1.35 mn from IDG Ventures

Bengaluru-based Hansel Software Pvt. Ltd, which operates real-time mobile app management platform Hansel.io, has raised $1.35 million (around Rs 9.2 crore) in a funding round led by IDG Ventures, it said in a statement. Existing investor Endiya Partners also invested in the round. The company will u...

11 January, 2017 | More »

Team Reach

Travel search engine ixigo acqui-hires content sharing app Reach

Travel search engine ixigo has acqui-hired mobile content sharing app Reach, the firm said in a statement. The financial terms of the deal are not disclosed. As a part of the deal, the Reach team will join ixigo to enhance its existing products and also help with consumable content for the travel sp...

11 January, 2017 | More »

PhonePe

Flipkart-owned PhonePe crosses 10 million downloads in two months

Mobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store. The Flipkart-owned PhonePe, which launched its app based on the unified payment interface (UPI) platform about two months back, gained traction after the government’s demonetisation...

11 January, 2017 | More »

Team Medinfi

Exclusive: Health-tech startup Medinfi raises angel funding again

Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 (Rs 68 lakh) in its sixth round of angel funding. The investors who participated in the round include Vinod Martin, chief operating officer of a Singapore-based ...

10 January, 2017 | More »

Aloke Bajpai

Trends in India’s travel tech business in 2017

Ever thought a travel bot would book your flight ticket for you? The travel tech market has come leaps and bounds over the last few years alone! From virtual reality tours and drone photography to cloud passports and artificial intelligence (AI) travel bots, the way we travel is about to change comp...

10 January, 2017 | More »

Truecaller

Exclusive: Truecaller hires Dexetra founder to head engineering; to set up product centre

Sweden-headquartered caller identification app Truecaller is ramping up its operations in India, its largest market. The startup, run by True Software Scandinavia AB, will set up a product and engineering centre in Bangalore, a person close to the development told Techcircle.in. The new centre will ...

9 January, 2017 | More »

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FreeCharge receives $57 mn from Snapdeal

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has put in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) show. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has inc...

9 January, 2017 | More »

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App Store sees record sales on New Year’s Day

For technology giant Apple Inc’s App Store, 1 January 2017 turned out to be its busiest single day ever, registering a whopping $240 million in customer purchases. Also, 2016 was a year of unprecedented developer earnings and breakout app hits, the company said in a statement on Thursday. Develope...

6 January, 2017 | More »