News
K’taka Govt revoke suspension on Ola on receiving penalty of Rs 15 lakhs

K’taka Govt revoke suspension on Ola on receiving penalty of Rs 15 lakhs

25th, March 2019

The Karnataka State Transport Authority on Monday revoked the suspension order on homegrown cab aggregator Ola as the ride-hailing company agreed to pay a fine of Rs 15 lakh. The penalty was levied as Ola had violated the aggregators license by running bike taxis. As per the source “We had issued

21

News
BYJU’s valuation cross $5 Bn with new round of funding

BYJU’s valuation cross $5 Bn with new round of funding

22nd, March 2019

Education technology platform Byju’s valuation has surged to over Rs 37,000 crore, or around $5.4 billion, after a fresh funding of $25 million from existing backer General Atlantic, making it the fourth most-valued private internet company in India. The fresh tranche will push the value of promot

60

News
Flipkart deploys robots to streamline supply chain

Flipkart deploys robots to streamline supply chain

20th, March 2019

Flipkart has deployed as many as 100 robots to help sort packages at one of its delivery hubs in the outskirts of Bengaluru, the first such instance of the ecommerce giant deploying robotics to streamline its supply chain. The robots, dubbed automated guided vehicles (AGVs), pick products from a con

21

News
The future is powered by AI: Masayoshi Son

The future is powered by AI: Masayoshi Son

16th, March 2019

Artificial intelligence is in simple terms of Computer Science that emphasizes the creation of more intelligent machines that can act and react like human beings. The entire world is going behind artificial intelligence as if it is going to create big disruption in the industry through its technolog

184

News
Coliving Startup founders goes untraceable: Founders under scanner for Rs 30 crores fraud

Coliving Startup founders goes untraceable: Founders under scanner for Rs 30 crores fraud

15th, March 2019

Bangalore based Coliving startup Homigo’s founders Nikunj Bhatija, Jatin Mitruka and Aakash Verma are said to be untraceable from past few days. As per the source it is estimated that the three duos run with Rs 30 crores which belongs to their tenants. Nikunj Bhatija, Jatin Mitruka and Aakash

368

News
OYO is in expansion mode, acquired Innov8 For INR 220 Cr In An All Cash Deal

OYO is in expansion mode, acquired Innov8 For INR 220 Cr In An All Cash Deal

15th, March 2019

OYO, budget hotel aggregator today acquired Innov8, coworking space startup for Rs 220 Cr.($31.84). Post-acquisition Ritesh will continue to expand Innov8 brand as a separate brand under OYO. Innov8, Gurugram based startup co-founded by Dr Ritesh Malik during 2015 provides Co-working space for

161

Startup funding
Lead Angels, Y-Combinator, Data Collective & Venture Souq invest in HelloVerify

Lead Angels, Y-Combinator, Data Collective & Venture Souq invest in HelloVerify

12th, March 2019

HelloVerify India, today announced that it has raised an undisclosed amount of funding from Lead Angels network along with leading Silicon Valley investors like Y-Combinator, Data Collective & Venture Souq. Hello Verify is an API background screening platform which grew 100% y-o-y in the la

96

Startup
Now you can predict when shoplifting is about to take place.

Now you can predict when shoplifting is about to take place.

06th, March 2019

Vaak, a Japanese startup, has developed artificial intelligence software that hunts for potential shoplifters, using footage from security cameras for fidgeting, restlessness and other potentially suspicious body language. While AI is usually envisioned as a smart personal assistant or self-driving

145

News
Avenue Growth Partners with Industry Veteran Amit Gupta to Expand into $7 Billion Consumer Durables Market

Avenue Growth Partners with Industry Veteran Amit Gupta to Expand into $7 Billion Consumer Durables Market

27th, February 2019

India's largest Sales-as-a-Service Platform Avenue Growth today announced its partnership with Consumer Durables Industry veteran Mr. Amit Gupta and plans to expand its Sales-as-a-Service network into fast-growing Consumer Durables sector, which is estimated at $7 Billion Dollars today. Mr

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