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Mobile

Flipkart

Flipkart pilots mobile wallet service

India’s largest e-commerce venture Flipkart is pilot testing a wallet service christened Flipkart Money that marks the e-com giant’s entry into the payments business just as its rivals Snapdeal and Paytm are further strengthening their wallet services. FX Mart, a payment services startup that de...

3 March, 2016 | More »

Viu

PCCW-backed Vuclip launches OTT platform Viu in India

It’s raining over-the-top (OTT) platforms in India. And Hong Kong based PCCW Ltd (PCCW) run digital entertainment firm Vuclip Inc is the latest one to join the bandwagon. The digital entertainment firm has launched its second OTT platform, Viu. It already operates one service under the main br...

3 March, 2016 | More »

VCCircle_Shouuut2

Social discovery app Shouut raises $500K in angel funding

Delhi-based Giant Tech Labs Pvt Ltd, which runs social discovery app Shouut, has raised $500,000 (around Rs 3.4 crore) in seed funding from an undisclosed high networth individual. The development was first reported in Business Standard. Praveen Kocha, founder of Shouut, was quoted saying that the...

3 March, 2016 | More »

Uber23

Uber, Ola start bike taxi play in India

Ride-hailing app Uber and homegrown Ola will now extend their rivalry to India’s nascent bike taxi segment. The two companies have announced the launch of their respective app-based bike taxi hailing services, allowing users to connect with motorbike and scooter owners for rides in Bangalore. uber...

3 March, 2016 | More »

Vineet Taneja

Micromax CEO Vineet Taneja resigns

Vineet Taneja, CEO of India’s largest homegrown handset maker Micromax Informatics Ltd, has put in his papers. A company spokesperson confirmed the development to Techcircle.in. Reports about Taneja’s plans to quit Micromax have been circulating in the media for quite some time now; differe...

2 March, 2016 | More »

Skedool

Office assistant app Skedool raises seed funding from Kludein, others

Skedool.it, a B2B startup that operates an artificial intelligence-based office assistance app, has raised an undisclosed amount in seed funding from a clutch of investors led by Kludein LLC. RedBus founder Phanindra Sama, former country head of Morgan Stanley India Narayan Ramachandran, and Pranav ...

2 March, 2016 | More »

Team-Momark

MoMark raises $600K from YourNest, LNB Group

Noida-based MoMark Services Pvt Ltd, a startup that aggregates mobile wallets and runs an app-based customer engagement platform for offline retailers, has raised $600,000 (about Rs 4 crore) in pre-Series A funding led by YourNest Angel Fund. Kolkata-based LNB Group also put money in this round, the...

2 March, 2016 | More »

Ola

Is Ola shutting down hyperlocal grocery delivery service?

Close on the heels of e-commerce giant Flipkart shutting down its hyperlocal grocery delivery app Nearby, cab-hailing firm Ola seems to be following suit. Ola may pull the plug on its hyperlocal grocery delivery app, Ola Store, in less than a month, NDTV’s Gadget 360 reported  citing a person fam...

1 March, 2016 | More »

DriveU

Unitus Seed Fund backs on-demand chauffeur provider DriveU

Unitus Seed Fund has invested an undisclosed amount in DriveU, a startup that connects chauffeurs with private car owners over a mobile marketplace. A spokesperson for DriveU said that the funds will be used for scaling up operations and geographical expansion. However, the firm did not divulge th...

1 March, 2016 | More »

agriculture-by-shah-junaid-(4)

Budget 2016: A faithful follow-up to Startup India Action Plan, say techpreneurs

The Union Budget 2016 remained faithful to the Startup India Action Plan announced by Prime Minister Narendra Modi last month. From the three-year tax holiday to easing up on capital gain tax, the Budget document merely lent a touch of official sanction to the key proposals to the Startup India Acti...

29 February, 2016 | More »