TECHNOLOGY

How Liv.Ai is helping machines talk to Indians in their mother tongue

March 07, 2017 | Disha Sharma

For those not comfortable in English, using messaging platforms can be a tedious task. There are phones these days that integrate regional language keyboards in the operating system, but ever tried stringing together a five-line sentence in Punjabi?

Exclusive: How much is Snapdeal likely to garner from FreeCharge sale?

March 06, 2017 | Dearton Thomas Hector, Bruhadeeswaran R & Arti Singh

When Jasper Infotech Pvt. Ltd-owned Snapdeal acquired mobile recharge firm FreeCharge in 2015, it was celebrated as the biggest acquisition in the internet business in India, with media reports pegging the deal at over Rs 2,800 crore ($400 million then).

Exclusive: Gadget repair service PICKmE secures $1.79 mn from SIDBI VC

March 06, 2017 | Disha Sharma & Varun Arora

Mumbai-based PICKmE e-Solutions India Pvt Ltd has raised Rs 12 crore ($1.79 million) from SIDBI Venture Capital Fund, according to a filing with the Registrar of Companies.

SIDBI has bought 30,133 shares at Rs. 3,982.34 apiece.

Tech Mahindra to acquire CJS Solutions for $110 mn

March 06, 2017 | Ranjani Raghavan

Information technology company Tech Mahindra Ltd said on Monday it has agreed to acquire US-based healthcare software provider CJS Solutions Group LLC for an enterprise value of $110 million (Rs 734 crore).

CherishX, Touchkin and mShipper selected for Facebook’s FbStart programme

March 06, 2017 | Shruti Jain

Social media giant Facebook has selected express delivery platform mShipper, healthcare firm Touchkin and dating experiences platform CherishX for its FbStart programme, the companies told VCCircle.

Why high-paying Indian startups are cutting no ice with job-seekers

March 06, 2017 | Deepti Chaudhary

For 31-year-old Puneet Parthasarthy (name changed), it was a dream job. His employer, a B2B tech startup, had deep-pocketed investors, and it was offering him a designation and compensation that could give many around him a strong bout of jealousy.

Flipkart to add 30% workforce in 2017

March 06, 2017 | Binu Paul

Amid massive job cuts in India’s fast-growing e-commerce industry, home-grown online marketplace Flipkart is planning to ramp up its hiring efforts, a media report said.

The Times of India reported, citing unnamed sources, that the company will hire 20-30% additional workforce in 2017.

Exclusive: Ford mulling buyout of Indian self-drive car rental firm

March 06, 2017 | Manu P Toms

Michigan-headquartered Ford Motor Company has seen its car sales in India stagnate over the years, but that doesn't seem to deter chairman Bill Ford from experimenting with mobility solutions and ramping up technology in the country. 

Fashion discovery platform SummerLabel raises seed funding

March 06, 2017 | Arti Singh

Gurgaon-based fashion and lifestyle discovery platform SummerLabel has raised Rs 1 crore ($150,000) in seed funding from a clutch of high net worth individuals, the company said in a press statement.

IDG Ventures and Axilor Ventures partner to fund frontier tech startups

March 06, 2017 | Vijayakumar Pitchiah

India-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund early-stage startups in frontier tech sectors, the company said in a statement.

Cloud telephony firm Knowlarity hires former OYO Rooms exec as CTO

March 06, 2017 | Disha Sharma

Cloud telephony firm Knowlarity has appointed former OYO Rooms executive Ajay Shrivastava as its chief technology officer, a statement issued by the company stated.

Flipkart suffers yet another valuation markdown

March 03, 2017 | Binu Paul

Just when Flipkart Internet Pvt. Ltd was consolidating its position under the new CEO Kalyan Krishnamurthy, a fresh bout of valuation markdowns could prove to be a damper. More so, as the largest consumer internet company in India had experienced a tumultuous 2016.

Do Uber drivers make more than the average software developer?

March 03, 2017 | Vijayakumar Pitchiah

On Friday, Uber India head Amit Jain sought to dispel the simmering discontent among its drivers over falling earnings and shrinking incentives, but he may well have stoked the fire instead.

Sticker search app Emojifi raises angel funding

March 03, 2017 | Disha Sharma

Emojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors, it said in a statement.

BCCL invests $1 mn in m-commerce enabler OhoShop

March 03, 2017 | Shruti Jain

Media conglomerate Bennett, Coleman and Company Ltd (BCCL) has invested Rs 6.7 crore ($1 million) in software-as-a-service (SaaS) based m-commerce enabler OhoShop mCommerce Pvt. Ltd, according to a press statement.

Exclusive: Ed-tech startup Nactus raises angel funding

March 03, 2017 | Varun Arora

Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors, said Rohit Dusad, co-founder and CEO, Nactus.

Infibeam to acquire ERP solutions firm DRC Systems

March 03, 2017 | Disha Sharma

Infibeam Incorporation Ltd, the parent of online marketplace Infibeam and e-commerce enabler BuildaBazaar, is acquiring Ahmedabad-based DRC Systems Pvt. Ltd through its wholly-owned subsidiary NSI Infinium Global Pvt. Ltd.

LeEco fires 85% staff, likely to exit India

March 03, 2017 | Varun Arora

Chinese smartphone maker LeEco, which previously indicated financial strains, has fired 85% of employees in India and is likely to exit the country, according to a media report.

Messaging app Snap valued at $28 bn after shares jump on market debut

March 03, 2017 | Reuters

Snap Inc's shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's slowing user growth.

Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

March 02, 2017 | Arti Singh

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt.

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