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Tesla unveils 'world's fastest production car'
short by Aditi Verma / on 17 Nov 2017,Friday
Tesla Co-Founder Elon Musk has claimed that the company's newly-unveiled second-generation electric Roadster car will be the world's fastest production car which can accelerate from 0-100 kmph in 1.9 seconds. The Roadster can reach a top speed of over 400 kmph, Tesla claimed. The car can run 998 kilometres on a single charge and has a starting price of $200,000.
short by Aditi Verma / 05:46 pm on 17 Nov
Uber paid $100,000 to hide hack that affected 57 mn users
short by Swarnim Bagre / on 22 Nov 2017,Wednesday
Uber paid $100,000 to hackers, who stole personal data from 57 million accounts last year, to delete the data and keep the breach a secret, the company revealed on Tuesday. Uber also fired its Chief Security Officer and a deputy over the incident. The breach, however, did not reveal users' Social Security Numbers, credit card information or trip details.
short by Swarnim Bagre / 10:45 am on 22 Nov
Startup plans world's first man-made meteor shower in 2019
short by Gaurav Shroff / on 21 Nov 2017,Tuesday
In a first, Japanese startup ALE will create artificial "shooting stars" in an event scheduled to be held over Hiroshima in 2019. The meteoric payload will be carried into low Earth orbit aboard a 50x50x50 cubic centimetre satellite dispenser. Around 300-500 blue, orange, and green pellets would be released, which would be visible in sky for at least 100 kilometres.
short by Gaurav Shroff / 02:32 pm on 21 Nov
Alia Bhatt buys stake in fashion-tech startup StyleCracker
short by Aditi Verma / on 21 Nov 2017,Tuesday
Alia Bhatt has bought a minority stake in Mumbai-based fashion-tech startup StyleCracker, as part of its pre-Series A funding round. "This has come from heart and not mind," Bhatt said, adding that StyleCracker's Co-founder Archana Walavalkar has been her stylist for many years. Founded in 2013, StyleCracker curates personalised boxes which include clothes and accessories for its customers.
short by Aditi Verma / 05:37 pm on 21 Nov
Hyperloop One signs MoU with Maha, K'taka to identify routes
short by Aditi Verma / on 17 Nov 2017,Friday
US-based high-speed transport technology startup Virgin Hyperloop One has signed MoUs with governments of Maharashtra and Karnataka to conduct feasibility study of routes in the states. Hyperloop said it could reduce commute time between Pune and Mumbai to about 14 minutes. Citizens could commute 10 times farther in the same amount of time by connecting regions in Karnataka, Hyperloop added.
short by Aditi Verma / 06:46 pm on 17 Nov
IOC petrol pump in Nagpur gets electric charging station
short by Radhika Chugh / on 20 Nov 2017,Monday
The Indian Oil Corporation, in collaboration with cab aggregator Ola, on Sunday launched an electric vehicle charging station at one of its petrol pumps in Nagpur's RBI Square. Earlier this year, Nagpur became the first Indian city to introduce an electric public transportation model by launching 200 electric vehicles, including taxis, buses, e-rickshaws, and autos.
short by Radhika Chugh / 10:58 am on 20 Nov
Xiaomi plans to invest $1 bn in Indian startups: CEO Lei Jun
short by Shifa Naseer / on 20 Nov 2017,Monday
Chinese smartphone maker Xiaomi's CEO Lei Jun has said that the company plans to invest $1 billion in 100 Indian startups over the next five years. Lei also said that Xiaomi has already invested in six Indian companies including Hungama and KrazyBee. Xiaomi accounted for 23.5% of smartphone shipments in India in the September quarter, according to research firm IDC.
short by Shifa Naseer / 04:14 pm on 20 Nov
Uber patents system to prevent motion sickness while driving
short by Shifa Naseer / on 21 Nov 2017,Tuesday
Uber has patented a sensor system to prevent motion sickness which takes place when passengers read in the car. The patent filed focuses on self-driving cars and introduces a "sensory stimulation system". The system syncs a rider's eyes and ears by 'vibrating seats' or 'bursts of air' to create an environment which allows them to work in a moving car.
short by Shifa Naseer / 04:23 pm on 21 Nov
We have a danger of India becoming a digital colony: Pai
short by Aditi Verma / on 21 Nov 2017,Tuesday
Talking about the IT sector in India, former Infosys CFO Mohandas Pai has said that "We have a danger of this country becoming a digital colony." Adding that currently all unicorn companies are "substantially owned by foreigners", Pai emphasised that companies have to be drawn to India. Pai also said that by 2025, India will have about one lakh startups.
short by Aditi Verma / 07:55 pm on 21 Nov
Cryptocurrency startup disappears after raising ₹2.4 crore
short by Manaya Bagga / on 21 Nov 2017,Tuesday
Cryptocurrency startup Confido that raised over $374,000 (₹2.43 crore) through an Initial Coin Offering (ICO) has disappeared with the funds with nobody being able to track the founders down. The website and social media accounts related to the company and the founding team have been deleted. Confido had termed itself as a startup that develops "smart contracts".
short by Manaya Bagga / 09:59 pm on 21 Nov
$5-billion startup makes its 1st cancer vaccine for 1 person
short by Gaurav Shroff / on 18 Nov 2017,Saturday
US-based Moderna Therapeutics, which is currently valued at $5 billion, has developed its first vaccine from the cancer tissue of a 67-year-old that would train the patient's body to attack tumours. It took about 100 people to develop the single-use drug for one person. The vaccine is said to "hijack" cells' protein-making mechanisms to create a drug within the body.
short by Gaurav Shroff / 07:03 pm on 18 Nov
Uber launches feature to book cabs using computer in India
short by Shifa Naseer / on 19 Nov 2017,Sunday
Cab aggregator Uber has launched a web-based version of its app in India, allowing users to book cabs from their computers or tablets. Users can now book rides on the website without needing the Uber app. The company has also introduced three new app features like offline search, request for a guest, and call to ride.
short by Shifa Naseer / 09:51 pm on 19 Nov
Uber adds feature to share live location on the app
short by Shifa Naseer / on 21 Nov 2017,Tuesday
Ride-hailing startup Uber has added a feature within its app which allows users to share location in real time with their drivers. The "live location" feature can be accessed via grey icon on the bottom right corner of the map display. When a user taps on the icon, it turns blue which indicates that the feature is active.
short by Shifa Naseer / 04:02 pm on 21 Nov
Uber fined $8.9 million for driver qualification violations
short by Aditi Verma / on 21 Nov 2017,Tuesday
Uber has been fined $8.9 million in the US for violating driver qualification laws by allowing drivers with invalid licenses and record of felony convictions to work. Colorado's Public Utilities Commission said it could not confirm if Uber even conducted background checks in certain cases. Uber said that the error affected a few drivers and it took corrective action immediately.
short by Aditi Verma / 05:53 pm on 21 Nov
It is easy to start but not kill a company: Mohandas Pai
short by Shifa Naseer / on 21 Nov 2017,Tuesday
While talking about startups, former Infosys CFO Mohandas Pai has said, "Today, it is easy to start a company but not kill a company." He also said, "I want a fund to take over all failed companies and, if possible, kill them over a period of time." It will make exits easy for everybody, he added.
short by Shifa Naseer / 04:13 pm on 21 Nov
Elon Musk unveils Tesla's Semi truck
short by Aditi Verma / on 17 Nov 2017,Friday
Tesla Co-founder Elon Musk has unveiled the American automaker's electric Semi truck that features four independent motors and can run over 800 kilometres on a single charge. Semi truck can accelerate from 0 to 100 kmph in five seconds when empty and in 20 seconds when it is fully loaded. The truck also features steering wheel in its centre.
short by Aditi Verma / 05:33 pm on 17 Nov
Tiger Global may sell Ola stake to SoftBank for $500 mn
short by Shifa Naseer / on 21 Nov 2017,Tuesday
US-headquartered investment firm Tiger Global may sell a portion of its stake in the ride-sharing startup Ola to Japan's SoftBank for $400-500 million, according to reports. SoftBank, which currently owns 40% stake in Ola, will become the majority shareholder in the startup if the deal goes through. Tiger Global currently holds a 21-22% stake in the homegrown cab aggregator.
short by Shifa Naseer / 11:11 pm on 21 Nov
HomeLane acquires furniture e-tailer CapriCoast for $13.8 mn
short by Shifa Naseer / on 21 Nov 2017,Tuesday
Bengaluru-based modular home furnishing startup HomeLane has acquired online furniture retailer CapriCoast for $13.8 million (about ₹90 crore). CapriCoast's team will become a part of HomeLane while its Founder and CEO Jawad Ayaz will join HomeLane's board, as a part of the deal. Founded in 2014, HomeLane offers personalised design service to customise customers' houses.
short by Shifa Naseer / 04:39 pm on 21 Nov
Would define Uber as crazy, yet positive experience: Uber VP
short by Shifa Naseer / on 20 Nov 2017,Monday
US-based cab aggregator Uber's Vice President of Product Daniel Graf has said, "For someone who has started up earlier, I would define Uber as a crazy, yet positive startup experience." He also said, "Uber is a company that has grown faster than most other companies in the history." Dealing with that growth has no playbook, he added.
short by Shifa Naseer / 04:49 pm on 20 Nov
Grofers denies reports of merger talks with rival BigBasket
short by Shifa Naseer / on 19 Nov 2017,Sunday
Online grocery startup Grofers has denied reports of merger talks with rival BigBasket, saying that a meeting between the two had been "blown out of proportion". Grofers CEO Albinder Dhindsa said, "Right now, business is going good for us, we are going at a pretty good pace." Grofers would invest about $5 million in warehousing expansion in 2018, he added.
short by Shifa Naseer / 08:36 pm on 19 Nov
Startup organises 'Open Day' event at CV Raman's house
short by Shreya Mohta / on 20 Nov 2017,Monday
Nearly 700 children gathered at Nobel Laureate CV Raman's house in Karnataka's Malleswaram for an 'Open Day' event, organised by ThinkTac startup. It aims to help children perform science experiments and have fun while doing them. Children from different age groups got hands-on experience with physics and chemistry experiments at the house, including making a battery cell of their own.
short by Shreya Mohta / 10:48 am on 20 Nov
Food delivery startup Deliveroo adds $98 mn to Series F
short by Aditi Verma / on 18 Nov 2017,Saturday
British online food delivery startup Deliveroo has added $98 million to its Series F funding round led by the US fund manager T Rowe Price. The startup had raised $385 million in the Series F round in September, where existing investors including Accel Partners also participated. The addition has brought the total amount in the round to over $480 million.
short by Aditi Verma / 08:57 pm on 18 Nov
Home healthcare startup Portea raises $26 mn in Series C
short by Aditi Verma / on 21 Nov 2017,Tuesday
Bengaluru-based home healthcare startup Portea Medical has raised $26 million funding in its Series C funding round led by Sabre Partners and MEMG CDC Ventures. Existing investors including Accel Partners and Qualcomm Ventures also participated in the funding round. Founded in 2013, Portea offers in-home medical services including physiotherapy and provides doctors and nurses for home visits.
short by Aditi Verma / 05:48 pm on 21 Nov
Bike rental startup ONN Bikes raises ₹4.5 cr in pre-series A
short by Shifa Naseer / on 21 Nov 2017,Tuesday
Mumbai-based bike rental startup ONN Bikes has raised ₹4.5 crore in a pre-series A funding round led by existing investor Z Nation Lab. Angel investors including Jito Angel Network, Venture Catalysts, Jayesh Parekh, and Pankaj Harlalka also participated in the round. Founded in 2015, the startup has an app and a web-based platform to enable customers book their two-wheelers.
short by Shifa Naseer / 04:14 pm on 21 Nov's profit rises 61% to ₹18.8 cr in Sept quarter
short by Aditi Verma / on 17 Nov 2017,Friday, the owner of online matchmaking firm BharatMatrimony has reported a 61.1% year-on-year increase in consolidated net profit at ₹18.8 crore for the quarter ended September. The company's consolidated revenue also rose 13.7% to ₹83.7 crore. The matchmaking segment accounted for over 90% of the company's revenue at ₹79 crore during the quarter.
short by Aditi Verma / 05:28 pm on 17 Nov
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