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…
Companies, Finance & Markets
Ola expands premium service ‘Lux’ to Delhi-NCR
After Micro, taxi aggregator Ola is now betting on the luxury segment for growth and has expanded its premium service ‘Lux’ to Delhi-NCR. Using Ola ‘Lux’, users will be able to book rides in high-end sedans like Jaguar, Mercedes, Audi, BMW, Toyota Camry, Fortuner and Honda…
Gaia Smart Cities acquires IoT division of netCORE Solutions
In a joint statement, Gaia Smart Cities, an Indian start-up in the field of City Scale IOT technology solutions and netCORE Solutions, a leader in marketing technology & enterprise communication, announced that Gaia has acquired the IOT division of netCORE Solutions while netCORE will invest …
Randstad partners with TCS to leverage public cloud marketplace
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has announced a global partnership with Randstad Global IT Solutions, to design and deploy one of the world’s largest end-to-end public cloud marketplaces for IT infrastructure services…
AmazonBusiness to expand to new cities for greater business-to-business retail
AmazonBusiness is planning to expand to new cities in the coming year for a larger share of the business-to-business retail. From an 8-pin code pilot in Bengaluru, started a year back, Amazon-Business in India continues to be a work-in-progress compared to its US market where it clocked in $1 bil…
Asia’s richest may quench startups’ thirst for funding
The family offices of two of Asia’s richest men, Alibaba Group Chairman Jack Ma and Executive Vice Chairman Joseph Tsai, are among a fresh breed of Chinese investors exploring investments in India, seeking to replicate their successes outside their home market. While their personal investme…
U2opia Mobile to invest over $3 mn in startups
Telecom solutions provider U2opia Mobile will invest $3 million (around Rs 20 crore) over the next three years to fund startups working on scalable mobile technology. Under its Catapult programme, in the first year, U2opia will invest in five-six companies that have about 2-4 members. The program…
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
Shriram Automall inks tie-up with Manappuram Finance Limited
Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Manappuram Finance Limited. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefit…
German e-Commerce investor Rocket Internet targets 25-40% sales growth
German e-Commerce investor Rocket Internet expects its main start-ups to grow sales at an average of 25 to 40% in coming years even as it puts a new focus on improving profitability, its founder told shareholders on June 10, 2016 Shares in Rocket Internet slid last week after it reported that ave…