ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…
Start-ups seek easier institutional ownership for IPO regulations
Start-ups want markets regulator Sebi to ease minimum institutional ownership criteria to qualify for launching an initial public offering (IPO). Currently, regulations mandate a company to have a 50% institutional ownership in order to launch an IPO. However, many small start-ups are funded by a…
Peer-to-peer lending startups such as Faircent eye blockchain technology
Peer-to-peer lending startups such as Faircent, Micrograam and i-lend are increasingly examining the potential of integrating blockchain technology into their systems to improve transparency levels, and act as a ledger system to automate and record transactions on their platforms. These are still…
Gujarat govt unveils Purchase Policy with focus on SMEs
With an aim to promote micro and small-scale industries, industries started by educated unemployed and institutes governed by Khadi Gramodhyog Board and to ensure quality products at reasonable rates for government departments, the Gujarat government has declared its Purchase Policy 2016, said an…
Couponhaat.in records half a million monthly hits mark
Within just one year of its operation, Delhi based start-up and India’s leading coupons and deals company – Couponhaat.in has recorded half a million monthly hits traffic milestone across its website store, blog, forum, and shop pages. Over last quarter it had attracted over 1.5 million hit…
RI Networks Pvt Ltd announces broadband services under the brand name timbl
RI Networks Pvt. Ltd. June 14 announced the launch of its broadband services in Delhi/ NCR market under the brand name timbl. RI Networks holds a national category ‘A’ ISP license for internet services. The company will initially focus on providing broadband services (10 Mbps and hi…
Singtel and Airtel announce a strategic alliance to provide seamless high speed data connectivity
New combined network is among the largest global IP VPNs offering seamless data connectivity to over 300 cities across the world Multinational corporations can leverage new network to manage their global operations using high bandwidth applications Singapore Telecommunications Limited (Singtel) a…
Practo to add 65 cities in India, expand overseas in 2016
Digital healthcare platform Practo is intensifying expansion in key markets, including Southeast Asia, Latin America, the Middle East and eastern Europe besides adding 65 new cities in India during 2016. The Bengaluru-based firm claims it manages over 40 million appointments across 35 cities in I…
Microsoft launches its online store with Tata CLiQ
Software giant Microsoft on June 13 announced the launch of its online store with Tata CLiQ — the e-commerce portal of the Tata Group — to sell a wide range of Microsoft products including tablets, personal computers, software and phones. “We are expanding our online presence th…
Siftr magic cleaner launched in six Indian languages
Siftr Labs, founded by former Abode employees Romil Mittal and Mayank Bhagya, launched its junk cleaning app AI powered Magic Cleaner in six Indian languages including Hindi, Marathi, Tamil, Telugu, Kannada and Bengali. The move is part of the company’s strategy to reach out to non-english …