Author: Girish Shetti

Women in Fitness Center

Bengaluru based health startup Curefit is in advanced talks to raise fresh funding from its existing investors. People familiar with the matter claim that the startup is looking to raise $25-30 million in the fresh round. Most of these funds will be used to open ‘cult fitness centers’ in new markets where Curefit will be entering pretty soon. Curefit’s existing investors include high profile venture capital firms like Accel Partners, IDG Ventures and Kalaari Capital. With the latest round of funding, Curefit’s valuation will shoot up to nearly $100 million. The health startup that currently operates only in Bengaluru is…

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Best Language Translator Software Tools

Today globalization has increased our dependence on language translation software more than ever before. Every day millions rely on language translator software’s for serving their business, academical and even personal purposes. Not surprisingly, today there are hordes of translation software’s available in the market catering to this humongous need. Amongst them, we’ve selected three best translation software’s that we feel will do the best justice to your translation needs. All these three software’s are paid services. While one may have the temptation to use free services like Google and Bing translators, but bear in mind that they come with their own…

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Vijay-Shekhar-Sharma,

In another bold move, Paytm mall has confirmed that it will invest nearly $5 million to attract new sellers on its e commerce platform. Paytm Mall, the e-commerce arm of Paytm, is all set to go full throttle to attract sellers on its platform. The company has confirmed that it will invest nearly $5 million to attract new sellers under its Retailer Inclusion Programme. The Alibaba backed start-up will also deploy about 500 personals to successfully implement this Programme. This is the first big move made by Paytm, after it de-listed 85,000 sellers from its platform last month. The company…

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Youtube.

Has it ever happened that your uploaded video has suddenly been removed from Youtube on the grounds of copyright violation? If the answer is resounding ‘yes’ then you are one of those millions of gullible people who has paid the price for being ignorant over copyright issues. And even if the answer is ‘no’ chances are still high that you will end up paying a price, since ignorance over copyright issue is very high. The ignorance also stems from the fact that most people tend to take copyright issues for granted, eventually leading to their videos being taken off from…

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Hike_layoffs

India’s home grown messaging app Hike messenger on Friday announced that it has acqui-hired Bengaluru based tech startup Creo. This is Hike’s second big acquisition this year, after it acquired Delhi based startup Instalively Livestreaming earlier this year. Hike has the backing of India’s biggest telecom company Bharati Airtel Limited, since the company’s founder Kavin Bharti Mittal is the son of Bharati Mittal – chairman of Bharati Airtel. With the latest acqui-hire, Hike will look to capitalize on Creo’s expertise in HDMI video streaming. Creo is the maker of HDMI media streaming device ‘Teewe.’  The startup’s co-founders Sai Srinivas Kiran…

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Ola

India’s homegrown cab hailing company Ola (operated by ANI Technologies Pvt. Ltd) has scooped up $36 million (Rs 231 crore) in the fresh round of funding. This is according to Ola’s latest filing with the registrar of companies. According to the filing, ANI Technologies raised the fund from the New York based hedge fund company Tekne Capital Management on June 7. The filing further stated that the cab hailing major has allotted preference shares to two investment arms of Tekne Capital. It has allotted 1.23 lakh shares to Tekne Private Ventures III LP for Rs 167.15 crore. Besides, it has…

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Flipkart_Amazon.

Japanese investment conglomerate SoftBank has made undisclosed amount of investment in Flipkart. Sources claim that the investment is close $ 2.5 billion, which would make SoftBank one of the largest shareholders in the Bengaluru based E commerce company. This is also the largest ever investment in an Indian tech startup company till date. Softbank has made the investment through its SoftBank Vision Fund, a dedicated $100 billion investment fund that was set up earlier this year to invest in world’s emerging tech companies. The investment fund is widely hailed as the world’s largest technology investment fund. Flipkart obviously has welcomed…

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A milk glass with cookies on display

Milk delivery start up Doodhwala, operated by Bengaluru based Banger Tech Pvt. Ltd, has secured undisclosed amount in pre-Series A funding. The funding was made by Tom Varkey, a partner in American hedge fund company Stonehill Capital. A press release statement said that Doodhwala will use the much needed capital infusion in upgrading technology, market expansion and increasing the staff headcount. The statement further said that the startup is looking to raise Series A funding pretty soon, but did not provide any fixed timeline for the same. Established in 2015 by Ebrahim Akbari and Aakash Agarwal, Doodhwala is an app…

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Snapdeal-Flipkart Deal has collapsed as the former’s co-founders want to pursue an independent path. The move will come as huge setback for Softbank. Snapdeal has officially called off the acquisition deal with Flipkart, according to an official statement released by the Gurgaon based e commerce company on Monday. The statement specifically stated that Snapdeal will now pursue an independent path, potentially implying that the company will not consider any more accusation offers. The news of the deal falling apart comes barely after four days Jasper Infotech, the parent company of Snapdeal, agreed to sell its e-commerce business to Flipkart for…

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In an interesting turn of events, the much hyped-up Snapdeal – Flipkart deal may most likely be called off as former’s co-founders and shareholders continue to disagree on terms and conditions of the sale proceedings. The report comes barely four days after Snapdeal’s management agreed to sell its e-commerce business to its Bengaluru based arch rival for nearly $900 million. The sniff about the apparent problem became evident after a crucial meeting scheduled to take place on Monday & Tuesday was abruptly cancelled.  The all-important meeting in Bengaluru was supposed to officially close the transaction, with Snapdeal and Flipkart’s representatives…

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Paytm

Digital payment startup Paytm will enter into gaming business through a joint venture with Hong Kong based firm AGTECH Media. India’s largest digital payment startup Paytm is all set to enter into gaming business through a joint venture (JV) firm. The company has agreed to form a JV along with Hong Kong based AGTECH Media to setup a new gaming company. This was revealed by AGTECH Media’s regulatory filing in the Hong Kong stock exchange. According to the regulatory filing, AGTECH Media will hold 45% stake in the JV while the rest will be owned by Paytm. The filing further…

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Ola

In a bid to give push to its cloud business, Microsoft is considering to invest $50 100 million in Indian ride hailing company Ola. Microsoft Corp. is considering investment of $50-100 million (Rs320-640 crore) for a minority stake in ANI Technologies Pvt. Ltd – the parent company of Indian riding hailing company Ola – according to two people familiar with the matter. If this investment does take place, then Ola will have to apparently migrate its cloud services from Amazon Web Services (AWS) to Microsoft’s Azure platform. Interestingly, Microsoft used the same strategy in the case of Flipkart. It invested…

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