India Post has sent a showcase notice to payment major Paytm warning the latter must desist from the using word ‘Postcard.’ The government owned India Post has sent a showcase notice to payment major Paytm over usage of the word ‘postcard’ for its recently launched product. According to media reports, India Post has categorically stated in the notice that Paytm must desist from using the word ‘postcard’ as it has the sole right to use this word. India Post, which is generally referred to as post office, has reportedly cited the IPO Act rules and regulations in its showcase notice.…
Author: Girish Shetti
Maker of Bira 91 craft beer has raised $8 million in fresh round of funding from Sequoia Capital. The company now aims to enter in five new markets. B9 Beverages Pvt Ltd, maker of Bira 91 craft beer, has raised nearly $8 million in fresh round of funding from well-known VC firm Sequoia Capital India, informed Ankur Jain – founder of the company. This is the third time that B9 Beverages has raised funds from Sequoia Capital, taking company’s total fund raising to around $30 million. Jain said that the latest fund infusion will help B9 Beverages to enter into…
A US-based startup Smart Software Testing Solutions Inc. (SSTS) has picked up a stake in Crowd4Test.com by investing undisclosed amount in the Bengaluru based firm. After all the procedures of the deal are completed, SSTS’s co-founder and director Avinash Tiwari will join Crowd4Test’s board of directors team. Tiwari said in a statement that this investment will be useful for SSTS in building all-in-one platform for mobile app and IoT app testing. The company aims to incorporate ‘pCloudy’ – one of its Saas product – and its Artificial Intelligence (AI)-powered mobile app testing platform with Crowd4Test.com. He further added that through…
Bombay Shaving Company, a male grooming products startup, on Tuesday announced that it has raised $2.5 million from Fireside Ventures in Pre-series A funding. Fireside Ventures specializes in early seed investments. Several high net worth individuals (HNIs) including S Ramadorai (former CEO of TCS) also participated in the round. Bombay Shaving’s founder Shantanu Deshpande said that the company will channelize the fresh funds towards brand building initiatives and introducing new range of products. According to the reports, the company plans to launch new products in beard grooming category – oils, conditioner and wax. Interestingly, this category till now has been…
Nascoom 10000 backed social SaaS startup EasyGov has raised undisclosed amount in angel round from Social Alpha – a Tata Trust Initiative – and clutch of other investors. The other investors include Rajan Anandan, Rajeev Ahuja (Navayuga Group) and Kshitij Arora. Few Investors from well-known VC firm LetsVenture also participated in the fund raising exercise. Established in 2015 by Amit Shukla, EasyGov aims to provide common citizens easy access to government schemes and services through its citizen centric IT system. The company claims that it has needed passion for simplifying government schemes and services for Indian people. Among other services,…
Paytm Mall, the e-commerce arm of Paytm, is all set to invest $35 million or 225 crore in its logistics network. The investment would help the e-commerce company to speed-up the delivery services, with the company planning to offer same day and next day deliveries to its customers. The important announcement comes just ahead of the festive seasons as the company braces for spike in customer’s demand. In the first phase, Alibaba backed Paytm Mall will focus to improve its logistics infrastructure across 25 cities and limit to only electronics & appliances. In the next phase, it will seek to…
Globally renowned startup incubator network Techstars is all set to launch its operations in India through a joint venture programee. The Colorado based incubator network has forged a joint venture with Bengaluru-headquartered ANSR Consulting. Through this venture, Techstars aims to tap into India’s fast growing startup eco system and deepen the entrepreneurial spirit in the country. The incubator network plans to start incubator centers across India, with the first incubator set to come up in Bengaluru early next year. The company also aims to tap into India’s startup talent through its globally recognized accelerator programmes. Apparently, several big companies like…
Bengaluru based payment startup Instamojo has raised undisclosed amount of capital from Japanese payment firm AnyPay. This is Instamojo’s pre-Series B funding, with existing investor Kalaari Capital also participating in the latest funding. The funding also marks the AnyPay’s investment debut in India. Instamojo had to wait for nearly three years for the latest capital infusion. The startup had raised Series A funding back in November 2014, when it raised funds from high profile investors such as Kalaari Capital, Blume Ventures, 500 Startups and others. The company will use the fresh funds to expand its product portfolio and to introduce…
Bengaluru based health startup Curefit is in advanced talks to raise fresh funding from its existing investors. People familiar with the matter claim that the startup is looking to raise $25-30 million in the fresh round. Most of these funds will be used to open ‘cult fitness centers’ in new markets where Curefit will be entering pretty soon. Curefit’s existing investors include high profile venture capital firms like Accel Partners, IDG Ventures and Kalaari Capital. With the latest round of funding, Curefit’s valuation will shoot up to nearly $100 million. The health startup that currently operates only in Bengaluru is…
Today globalization has increased our dependence on language translation software more than ever before. Every day millions rely on language translator software’s for serving their business, academical and even personal purposes. Not surprisingly, today there are hordes of translation software’s available in the market catering to this humongous need. Amongst them, we’ve selected three best translation software’s that we feel will do the best justice to your translation needs. All these three software’s are paid services. While one may have the temptation to use free services like Google and Bing translators, but bear in mind that they come with their own…
In another bold move, Paytm mall has confirmed that it will invest nearly $5 million to attract new sellers on its e commerce platform. Paytm Mall, the e-commerce arm of Paytm, is all set to go full throttle to attract sellers on its platform. The company has confirmed that it will invest nearly $5 million to attract new sellers under its Retailer Inclusion Programme. The Alibaba backed start-up will also deploy about 500 personals to successfully implement this Programme. This is the first big move made by Paytm, after it de-listed 85,000 sellers from its platform last month. The company…
Has it ever happened that your uploaded video has suddenly been removed from Youtube on the grounds of copyright violation? If the answer is resounding ‘yes’ then you are one of those millions of gullible people who has paid the price for being ignorant over copyright issues. And even if the answer is ‘no’ chances are still high that you will end up paying a price, since ignorance over copyright issue is very high. The ignorance also stems from the fact that most people tend to take copyright issues for granted, eventually leading to their videos being taken off from…