ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]
Bharti Airtel said it will acquire 25% in a Bengaluru based networking software company for an undisclosed amount. Lavelle Networks helps large corporations and organizations create their own virtual networks spread over several physical networks. “Software-defined Wide Area Network is the necessary arsenal for enterprises to transform and future-proof their network infrastructure in this digital […]
With youngsters increasingly preferring non-traditional careers and gigs for their livelihoods, several financial services startups have also sprung up to target these customers who may not qualify for traditional banking services. In this direction, FPL Technologies, a two-year-old, Pune-based credit scoring company, announced that it has launched a free credit card targeting the youth, with […]
Maruti Suzuki India said it has tied up with NS Raghavan Center Entrepreneurial Learning at IIM Bangalore to scout out start-ups in the automobile sector. Maruti Suzuki, India’s biggest carmaker, will look for technology-based innovations that can be applied in the mobility sector. Among the focus areas will be digital, data and AI/ML in the […]
Telecom services provider Bharti Airtel said it was launching a new ‘start-up accelerator’ program aimed at finding and investing in promising start-ups. The company said the first investment has been made in a blue-collar job-search software from Bengaluru based tech startup Vahan. The size of the investment was not revealed. “Founded in 2016 and backed […]
The Telecom Regulatory Authority of India, which recently come in for a lot of pummeling from the small cable operators for its new tariff rules, has now emerged as a savior of the same set of operators as it has dismissed government’s suggestion of fixing a ‘net worth’ requirement for cable feed providers. Ministry of […]
‘How to get a job’ may be the most pressing question for youngsters in India today, and going by PMKVY data, the best courses for getting a job today are electronics and hardware, apparel, retail, telecom and logistics. This insight is based on the placement and salary data collected by National Skill Development Corporation, the […]
Real estate firm Brigade Enterprises said it plans to set up seven co-working facilities in three cities as it enters one of the fastest growing segments in commercial real estate. Brigade’s Buzzworks coworking venture will start off with 2,500 seats, the company said. Coworking spaces refer to large buildings full of flexible ‘work spaces’ that […]
India-based telecom equipment maker Tejas Networks said it has signed an agreement to set up a ‘center of excellence’ in Kerala to mentor students and start-ups in the state. The center will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. “Senior technologists from Tejas […]
Tata Power, which supplies power to much of Mumbai, is offering a 50% subsidy to its customers who want to buy a BLDC or ultra-low power fan. Instead of Rs 3,500 per unit, customers will be able to get four units of the fan at Rs 1,750 each, making the remote-controlled ‘smart fans’ cheaper than […]
Just Dial, the local classifieds company, said it “does meet relevant corporates for exploring any business or strategic opportunities and tie-ups”, but there is no proposal to be acquired by Google “as of now”. The statement came in response to a report in the Business Standard daily that said Google has started talks with Just […]
TeamLease Services, one of India’s largest staffing companies, said it has agreed to acquire 40% of Schoolguru Eduserve Private Limited, an Online Learning company that works with 18 Universities. Established in 2012, Schoolguru provides services to Indian Universities to help them deliver online courses for their students. It targets open universities or those that have […]
Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. “Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. “The partnership will combine Cyient’s […]
Finvasia, a technology-driven online broking start-up, announced that it has rolled out what it claimed was India’s first ‘truly’ free online demat account for investing in stocks and derivatives, including futures. There have been many ‘free demat account’ providers in the past too, but such operators usually find some way or the other charge their […]
Google has selected six Indian Startups for the fourth class of its ‘Launchpad Accelerator’ program, including RailYatri, RecipeBook and FastFilmz. In the six months program, they will undergo intensive mentoring from 20+ teams across Google and mentors from top technology companies and VCs in Silicon Valley. Additionally they will receive equity-free support and credits for […]
If you thought the fight over net neutrality was over with the sending of 1 mln emails to the TRAI two years ago, think again. The telecom service providers, who lost out that in the first round, are back. This time, however, their demands are more subtle, and focused on getting specific services exempted from […]
Department of Industrial Policy & Promotion has written to over 250 corporate houses in India, inviting them join it in setting up 70 start-up incubators across the country. Half of the centers will be set up in existing institutions — such as the IITs — while the other half will be set up as independent […]
Bookmychotu.com, which providers helpers and handymen for various household and other chores, is now offering to send people to stand in queues in front of ATMs at Rs 90 per hour. An eight-hour shift for a ‘chotu’ costs Rs 550, or Rs 69 per hour. “Are you short of cash? Need a Helper to stand […]
Snapdeal-owned Freecharge said it is now signing up a new merchant every 30 seconds, possibly a result of the cash-related problems faced by consumers and businesses alike. The company had recently removed sign up charges for merchants and waived fund transfer charges as well. It also offered quick sign-ups as well. “This unbeatable offer led […]
Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server. No details about the financial aspects of the investment were made public. TidalScale’s offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual servers, the software-defined server helps combined […]
