BPO transport service provider Wings Travels has closed the acquisition of taxi aggregator Bookmycab for an undisclosed amount. The acquisition is part of Wings Travels’ plan to strengthen its technology and expand business to 47 more cities in India, Myanmar, Thailand, Vietnam and Sri Lank…
For entrepreneurs, ‘failed, not fallen’ is the echoing theme
In the fast-paced world of start-ups, what does an entrepreneur do when his first venture or idea fails? Undeterred, the entrepreneur ventures into the next, as he or she is now richer in experience and hardened by the failure. Their motto being: ‘failed, not fallen’. A case in study is that of U…
Tendulkar makes his first tech start-up investment
Cricket legend Sachin Tendulkar made his first investment in a technology start-up, a firm that makes smart devices, for which he will also be a brand ambassador. Tendulkar had earlier made seven investments — the Mumbai franchisee of the Indian Tennis League, the Kochi Franchisee of the Indian S…
Urban ladder looks to clock GMV of $250 mn by June 2017
Urban Ladder, which posted losses of Rs 58.51 crore in FY15 on revenues of Rs 19.21 crore, is looking to transact a GMV (Gross Merchandise Value) of $250 million by June 2017, Rajiv Srivatsa, COO and co-founder of Urban Ladder, said. Declining to reveal any numbers to back his claim, the company …
Oil sector PSUs to float ‘start-up fund’ in FY17 | Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan on March 21 said public-sector oil companies led by Indian Oil Corporation (IOC) would set up a ‘start-up fund’ in FY17 to support technology innovation in the hydrocarbon sector. “The PSUs in consultations with the petroleum ministry are planning the creatio…
Retail participation on SME platforms overwhelming | WFE Study
Most stock exchanges with dedicated platforms for small and medium enterprises, including top bourse BSE, are seeing overwhelming retail participation in SME stocks, a report said. According to a study by World Federation of Exchanges (WFE), retail investors dominate the BSE SME market, with most…
SMEs’ April-January IPO fund receipts cross full-FY15 figure
To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 287 crore in the first ten months of current fiscal. This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past fiscal…
Epublishers to boost vernacular content to widen readership
A growing number of publishing startups such as news and ebooks mobile app Dailyhunt and selfpublishing platform Pratilipi are targeting a $2-3 billion market, aiming to bridge the gap between vernacular content and readers by translating books in Indian languages. The startups are leveraging tec…
Paylo.in acquires in-restaurant payment app Ruplee
Foodpanda former Managing Director Rohit Chadda-led multi-channel offline payment platform Paylo.in today acquired in-restaurant payment app Ruplee for an undisclosed sum. The transaction will see a merger of both teams and products, helping Ruplee evolve into an omni-channel payment platform fro…
Bits Pilani graduates launch patient-physician mobile health app visit
Four graduates of BITS Pilani have come together to launch an on-demand healthcare platform, named VISIT, that connects patients with practitioners anytime, anywhere through smartphone or computer. The motivation for building the telemedicine app came when they — Anurag Prasad, Vaibhav Sing…