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Ola

Flashback 2016: Year of wobbly ride for Ola

Homegrown cab-hailing firm Ola was in the news for more wrong reasons than right in 2016, from drying coffers and falling valuations to rumours of a down round and a nasty war of words with arch rival Uber Technologies Inc. Although funding woes and falling valuations were widespread across startups...

28 December, 2016 | More »

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Fitness app HealthifyMe raises $1 mn from Neelesh Bhatnagar

Fitness app HealthifyMe has raised $1 million (Rs 6.7 crores) from Dubai-based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups, the company said in a statement. “I am keen on investing in emerging digital first Indian startups that have the abili...

28 December, 2016 | More »

Aqua smartphones

Delhi HC bars Intex from selling Aqua smartphones

Intex Technologies, an Indian mobile, IT and consumer electronics company, has been barred by the Delhi High Court from selling its Aqua smartphones and accessories due to a trademark infringement case filed by smaller rival Aqua Mobile, a financial daily reported. The interim injunction was issued ...

28 December, 2016 | More »

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E-commerce startup 10i Commerce Services raises $5 mn more

E-commerce startup 10i Commerce Services Pvt. Ltd has raised $5 million (Rs 33.9 crore) more in investment from Infosys co-founder Nandan Nilekani, according to a report by a financial daily on Tuesday. The former UIDAI chairman had previously invested $5 million in the startup, bringing the total a...

27 December, 2016 | More »

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PremjiInvest-backed Cyanogen to shut down services on December 31

Cyanogen, the startup that made a popular custom version of Android, has announced that it is shutting down operations and will stop releasing nightly builds of the software by the end of the year. “As part of the ongoing consolidation of Cyanogen, all services and Cyanogen-supported nightly build...

26 December, 2016 | More »

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Video streaming app Dekkho raises seed funding

Video streaming platform Dekkho, run by Baadl Technologies Pvt Ltd, has raised $1.2 million (Rs 8.1 crore) from seven angel investors in its seed round of investment. The startup did not reveal the names of these investors. The company was founded by former Booz Allen Hamilton consultants Tanay Desa...

26 December, 2016 | More »

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PayPal in talks to buy into FreeCharge: Report

Global online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the...

23 December, 2016 | More »

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Nokia sues Apple in Europe and US for infringement of patents

Nokia has filed lawsuits against Apple in Europe and the US for violating 32 technology patents. The move comes just a day after Apple’s legal action against Nokia on similar lines. Nokia alleged that the US tech giant Apple has been using Nokia’s technology in “many” products wi...

22 December, 2016 | More »

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O2O marketing platform The BlueBook gets $500K from IAN, LetsVenture, others

Bengaluru-based online-to-offline (O2O) marketing platform The BlueBook has raised a $500,000 (Rs 3.39 crore) in a seed round of funding led by Indian Angel Network (IAN), it said in a statement. Srinubabu Gedela (chief executive, OMICS International), Avinash Vashistha (founder, Tholons Capital and...

21 December, 2016 | More »

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Groceries startup Supr Daily secures funding from Venture Catalysts, angel investors

Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain. Krishna Jhunjhunwala, Anirudh Damani, Anuj Golecha, Dheeraj Jain (partner at Redcliffe Capital) and Harshvardhan ...

21 December, 2016 | More »