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Uber India apologises for 'sexist' message to users
short by Shifa Naseer / on 19 Sep 2017,Tuesday
Ride-hailing startup Uber on Sunday apologised for sending its users a 'sexist' promotional message in Bengaluru. "Dear Husbands, a gentle reminder - Today is Wife Appreciation Day! Order on UberEATS and let your wife take a day off from the kitchen," the message read. Uber later tweeted that the message had been "totally inappropriate".
short by Shifa Naseer / 01:33 pm on 19 Sep
It's a trick from Wizard Bezos, tweets user on Amazon emails
short by Shifa Naseer / on 20 Sep 2017,Wednesday
Reacting to Amazon's baby registry emails regarding gifts for babies, a user tweeted, "PSA: Do not open the Baby Registry email from Amazon. It is a trick from the Wizard Bezos and you will become pregnant with Alexas." Another user tweeted, "#amazon not funny sending me a baby registry e-mail when I'm pretty sure my wife's not pregnant."
short by Shifa Naseer / 06:52 pm on 20 Sep
Electric scooter-maker Gogoro raises $300 mn from Temasek
short by Shifa Naseer / on 20 Sep 2017,Wednesday
US-headquartered electric scooter-maker Gogoro has raised $300 million in series C funding led by Singapore-based venture fund Temasek Holdings. AI Gore's Generation Investment Management, Japan's Sumitomo Corporation, and French utility Engie also participated in the round. The funding brought the valuation of the startup which is also backed by Panasonic to about $800 million.
short by Shifa Naseer / 05:48 pm on 20 Sep
Air is so free and unused: CEO of flying car startup
short by Shifa Naseer / on 20 Sep 2017,Wednesday
Flying car startup Kitty Hawk's CEO Sebastian Thrun in a recent interview said, "The air is so free of stuff and is so unused." He also said, "I envision a future where you hop in a thing, go in the air, and fly in a straight line." Thrun further added that flying cars may disrupt the self-driving car market.
short by Shifa Naseer / 06:50 pm on 20 Sep
Startup claims to have made world's 1st wireless charger
short by Aditi Verma / on 20 Sep 2017,Wednesday
US-based startup Pi claims that it has developed a device that can charge smartphones with magnetic waves. The conical charger operates on wireless charging technology that is used in Apple or Android smartphones. The device does not use a cable or a pad to charge smartphones and can charge multiple devices within about a foot's distance in any direction.
short by Aditi Verma / 12:06 pm on 20 Sep
₹1,15,000 smart helmet with rearview camera made
short by Aditi Verma / on 18 Sep 2017,Monday
Japan-based startup Borderless has created a ₹1,15,000 smart helmet with an inbuilt rearview camera to give users a 360° visibility while riding a motorbike. The helmet which connects to an app also allows users to send information like navigation, time, and distance to the destination, from their smartphone. The information is then displayed on a head-up screen of the helmet.
short by Aditi Verma / 06:00 pm on 18 Sep
Indiegogo stops phone campaign for violating 'Terms of Use'
short by Shifa Naseer / on 20 Sep 2017,Wednesday
Crowdfunding website Indiegogo has shut down the Canada-based Frank phone's crowdfunding campaign as it violated the website's "Terms of Use". The website claimed that it had received reports that a nearly identical version of the smartphone was already available on China's e-commerce platform Alibaba. Indiegogo also confirmed that the backers of the smartphone will be refunded.
short by Shifa Naseer / 06:16 pm on 20 Sep
Fintech startup GoCardless raises $22.5 million
short by Shifa Naseer / on 19 Sep 2017,Tuesday
UK-based fintech startup GoCardless has raised $22.5 million (about ₹145 crore) in a Series D funding round led by Accel Partners. Investors Balderton, Notion, and Passion Capital also participated in the funding round. Founded in 2011, GoCardless allows companies to collect recurring or instalment payments from their costumers using an online dashboard or the startup's own API.
short by Shifa Naseer / 09:02 pm on 19 Sep
4,200 startups registered with Karnataka govt: IT Minister
short by Sonu Kumari / on 19 Sep 2017,Tuesday
Karnataka IT Minister Priyank Kharge recently said nearly 60% or 4,200 out of about 7,200 startups in the country have registered with the state's Startup Cell. Speaking at a meet attended by startups and enterprises, Kharge hailed Karnataka as the first Indian state to have a startup policy. He added that Karnataka government was introducing new programmes to encourage startups.
short by Sonu Kumari / 12:38 pm on 19 Sep
Zomato now a profitable company: CEO Deepinder Goyal
short by Aditi Verma / on 19 Sep 2017,Tuesday
Food ordering startup Zomato's CEO Deepinder Goyal has claimed that Zomato is now a profitable company. In a blog post, Goyal wrote the startup is "generating enough cash to cover for the millions of dollars of investments" they are making. In June, Zomato reported revenues of ₹332.3 crore for 2016-17, up by 80.6% from ₹183.9 crore in the previous year.
short by Aditi Verma / 01:33 pm on 19 Sep
Burn is almost irrelevant with fundraise: Flipkart CEO
short by Aditi Verma / on 20 Sep 2017,Wednesday
Flipkart's CEO Kalyan Krishnamurthy in a recent interview has said "burn is almost irrelevant" with the fundraise. Adding it is "not a metric that anybody worries about any more," Krishnamurthy said, Flipkart is "comfortable on the burn" it currently has. He further said, "Profitability is not the highest priority today" for the homegrown e-commerce startup.
short by Aditi Verma / 05:08 pm on 20 Sep
Flipkart's wholesale arm raises ₹1,000 crore loan
short by Aditi Verma / on 18 Sep 2017,Monday
Online e-commerce giant Flipkart's wholesale arm has raised a ₹1,000 crore loan from Axis Bank, according to documents filed with the Ministry of Corporate Affairs. The raised amount comes in addition to the existing loan of ₹375 crore which was raised in August from the same bank. Flipkart also raised an ₹820 crore loan from Kotak Mahindra Bank in 2015.
short by Aditi Verma / 07:37 pm on 18 Sep
Profitability not the highest priority: Flipkart CEO
short by Aditi Verma / on 19 Sep 2017,Tuesday
Flipkart's CEO Kalyan Krishnamurthy in an interview this week said, "Profitability is not the highest priority today" for the homegrown e-commerce startup. He added that Flipkart wants "to bring as many people as possible into the e-commerce fold". Krishnamurthy further said the startup whose "large part" of business comes from mobile phones, is "comfortable on the burn" it currently has.
short by Aditi Verma / 01:32 pm on 19 Sep
Uber sues advertisement agency for fake ads
short by Aditi Verma / on 19 Sep 2017,Tuesday
Cab-hailing startup Uber has filed a lawsuit in the US against advertising agency Fetch Media for improperly billing Uber for "fake" online advertisements. Uber discovered its advertisements on a website even after it asked Fetch to not post them. Uber, which reportedly plans to seek $40 million in damages, alleged Fetch "fraudulently" claimed credit for app downloads it didn't generate.
short by Aditi Verma / 04:10 pm on 19 Sep
Slack raises $250 million from SoftBank, others
short by Shifa Naseer / on 18 Sep 2017,Monday
Messaging startup Slack on Sunday said that it has raised about $250 million in a funding round led by SoftBank's Vision Fund. Accel, a Silicon Valley venture firm, also participated in the round along with other investors, valuing the startup at more than $5 billion. Last year, Slack raised $200 million in Series F funding round.
short by Shifa Naseer / 04:04 pm on 18 Sep
I was totally f*cked: GoCardless CEO on road accident
short by Aditi Verma / on 19 Sep 2017,Tuesday
London-based fintech startup GoCardless' CEO Hiroki Takeuchi has said "I was totally f*cked," after he met with a road accident. Takeuchi's wife said, the morning after surgery the "first thing" he wanted was "to make sure the company was going to be Ok". Takeuchi met with an accident last year that left him paralysed chest down, relying on a wheelchair.
short by Aditi Verma / 07:22 pm on 19 Sep
Defunct startup Stayzilla faces insolvency from NCLT
short by Shifa Naseer / on 19 Sep 2017,Tuesday
Online homestay aggregator Stayzilla which was shut in February has been ordered by the Chennai bench of the National Company Law Tribunal (NCLT) to initiate the insolvency process. The petition was filed by one of Stayzilla's creditors Jigsaw Advertising claiming that the startup had not paid their dues. Founded in 2005, the startup offered accommodations in lodges and guesthouses.
short by Shifa Naseer / 07:27 pm on 19 Sep
Flipkart lists Amazon exclusive TCL products on its website
short by Shifa Naseer / on 20 Sep 2017,Wednesday
E-commerce giant Flipkart has listed Chinese electronics company TCL's products on its platform when Amazon is the exclusive partner for the brand in India. On enquiry, TCL spokesperson Mike Chen confirmed the exclusive partnership with Amazon India and said, "No manufacturer warranty and installation will be applicable on purchase of a TCL TV from any other online channel."
short by Shifa Naseer / 09:23 pm on 20 Sep
Bengaluru startup delivers dairy, poultry products via app
short by Aditi Verma / on 18 Sep 2017,Monday
Bengaluru-based startup Doodhwala delivers dairy and poultry products to consumers' doorstep via its app. The app also allows users to filter products based on their lifestyle, health condition, and preferences. Founded in 2015 by Manipal Institute of Technology alumni Aakash Agrawal and Ebrahim Akbari, the startup offers over 70 varieties of milk and currently operates in Pune and Bengaluru.
short by Aditi Verma / 04:31 pm on 18 Sep
Delhi HC issues warrant against AskMe's former MD
short by Shifa Naseer / on 20 Sep 2017,Wednesday
The Delhi High Court has issued a bailable warrant against Sanjiv Gupta, the former Managing Director of now-defunct online retailer AskMe. The warrant was issued after Gupta apparently failed to appear before the liquidator investigating the alleged 'fraud' at AskMe. The liquidation of the retailer was initiated earlier this year after vendors filed for outstanding claims against AskMe.
short by Shifa Naseer / 09:59 pm on 20 Sep
Startup offers people to stand in line for its users
short by Aarushi Maheshwari / on 18 Sep 2017,Monday
A startup called iQueue offers people to stand in line for its customers, with prices ranging from $15 per hour to an 18-hour package costing $185. Singapore-based iQueue has 10 "queuers" consisting mainly of homemakers and students. The startup, which promises video and photo updates every 15 minutes, says requests for queuing for concert tickets and mobile phones are popular.
short by Aarushi Maheshwari / 06:26 pm on 18 Sep
Amazon mistakenly emails users about 'baby registry' gift
short by Aarushi Maheshwari / on 20 Sep 2017,Wednesday
A technical glitch caused Amazon.com to mistakenly email some of its customers saying they had received a gift, the company said on Tuesday. The email displayed an image of an infant and told shoppers they had received a present from their baby registry. However, some recipients said they had not created baby registries and did not even have babies.
short by Aarushi Maheshwari / 11:29 am on 20 Sep
Gurugram-based Power2SME raises $36 mn in Series E funding
short by Aditi Verma / on 19 Sep 2017,Tuesday
Gurugram-based Power2SME has raised $36 million in Series E funding round. The round saw participation from existing investors including Inventus Capital Partners, Accel Partners, Kalaari Capital, and Infosys Co-founder Nandan Nilekani. Founded in 2012 by R Narayan, Power2SME directly buys raw materials from suppliers required by SMEs, eliminating the middle-men.
short by Aditi Verma / 08:41 pm on 19 Sep
Pakistan-origin entrepreneurs' startup wins $1 mn contest
short by Aditi Verma / on 18 Sep 2017,Monday
Pakistan-origin entrepreneurs' startup Roshni Rides has won $1 million in a contest in the US for developing a network solution to provide transportation for urbanised refugees in South Asia. The team of four entrepreneurs received the award from former US President Bill Clinton. Their model proposed to run solar-powered electric rickshaws on a route, with stops near hospitals and schools.
short by Aditi Verma / 07:54 pm on 18 Sep
US startup apologises for response to sexual harassment suit
short by Aditi Verma / on 18 Sep 2017,Monday
US-based virtual reality startup UploadVR's founders Taylor Freeman and Will Mason have apologised for their response to a sexual harassment lawsuit by a former executive. The lawsuit, which was recently settled, accused the startup of setting up a "kink room" where employees were encouraged to have sex, to which the startup had responded by saying the allegations were "without merit".
short by Aditi Verma / 09:29 pm on 18 Sep
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