Press Release

Mahindra & Mahindra (M&M) has tied up with with Uber to explore deployment of electric vehicles (EVs) on the cab aggregator's platform in several cities across India, the automaker said today. The company, which has already tied up with Uber's Indian rival Ola to build an electric mass mobility ecosystem...

In continuation to our earlier post today where we reported that InMobi co-founder Amit Gupta had quit the company to start his own venture which is a bicycle sharing startup called Yulu Bikes. The startup is now reported to begin operations in Bengaluru in the coming weeks. Yulu,...

Mumbai based payment gateway Billdesk has launched ‘Coinome’, India's first crypto-currency exchange. The exchange plans to support 20 mainstream crypto-currencies including bitcoin, by 2018. Coinome will allow users to be on-boarded via Instant e-KYC. Users can start transacting in crypto-currencies almost immediately upon registering. The 24x7 exchange supports instant deposits...
Prominent FinTech Startup 'Ripple' Is Now Opening An office in India

Three banks (Axis Bank, Standard Chartered, and Rakbank) have announced their decision to adopt Ripple’s blockchain-based payment platform, the RippleNet, as a means of making cross-border transactions. To meet increasing demand for real-time payment services, Axis Bank (based in India), Standard Chartered (Singapore), and RAKBANK (United Arab Emirates) will now...

Bangalore-based online hotel reservations startup MiStay, has raised an undisclosed amount in seed funding from Axilor Ventures and a group of angels, a press statement said. The startup will use the freshly raised funds for hiring talent and marketing, apart from expanding operations. Founded in 2016 by Indian Institute of...

One of the problems faced by the city people for daily commuting is finding a ride that is easily available, affordable and quick to board. And when it comes to driver issues, bargaining and idle time are the two things that kill their productivity. 3 years ago, Jugnoo -...
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Facebook on Wednesday introduced its digital training and startup training hubs in India aimed at helping small businesses and people grow by giving them the digital skills they need to compete in today's digital economy. Facebook said it plans to train more than half a million people in the country...

Asia Pacific saw the largest year-over-year incremental cross-border purchases with India, China and South Korea contributing most, a report said on Tuesday. Pitney Bowes, global technology company, released the 2017 Pitney Bowes Global Ecommerce Study – analysing the global ecommerce landscape from both a retailer and consumer perspective. The study is...

Underlining its commitment to drive innovation through disruption, Venture Catalysts, India’s first integrated incubator, recently participated in a pre-Series A investment worth INR 4.5 crore for ONN Bikes, a Mumbai-based self-drive bike rental platform. The funding was led by existing investor Z Nation Lab and also saw participation from...

India’s leading online home interiors brand, HomeLane.com, today announced the acquisition of Capricoast.com, a leading online home interiors marketplace, for a consideration of INR 90 crores. HomeLane.com said that this acquisition will enable it to offer its customers a smoother and more streamlined home designing experience enabled by technology. Following...