Ola Rakes up $2 billion from Soft Bank, Tencent & Other Investors: Report

Ola raises $2 billion dollars in fresh round of funding. India’s homegrown cab hailing company Ola has raised $2 billion from clutch of high profile investors including giants like SoftBank Group Corp and Tencent Holdings Ltd, according to several media reports. Chinese internet juggernaut Tencent has reportedly contributed $400 million in this round. Media reports further…

ByGirish ShettiOctober 3, 20170Comments

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Alibaba invests $27 million in Cloud Database Startup MariaDB

Alibaba (NYSE:BABA) has invested $27 million in MariaDB, an open source database server company. The e-commerce giant has agreed to lead a funding round of $27 million towards MariaDB, which is a community-developed fork of the MySQL RDBMS which will remain free under the GNU GPL license. The MariaDB foundation based out of Europe manages…

ByAnkit KumarSeptember 30, 20170Comments

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Elon musk’s SpaceX Aims to Put Humans on Mars in 2024

Elon musk aims to put humans on Mars in 2024. Elon musk is unarguably one of the most talismanic entrepreneurs of our generation. His status as an entrepreneur can even dwarf legendry Steve Job’s iconic status, provided that his aerospace company SpaceX succeeds in what many have touted as the most ambitious quest ever: building human…

ByGirish ShettiSeptember 29, 20170Comments

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After China, South Korea Follows Suit in Banning ICOs

South Korea bans capital rasing through ICOs In a fresh blow for cryptocurrency, South Korea’s financial regulator Financial Services Commission (FSC) on Friday announced that it will ban raising capital through all forms of virtual currencies. The regulator cited ‘potential for financial scams’ as main reason for imposing the ban. The decision comes closely on the…

ByGirish ShettiSeptember 29, 20170Comments

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Uber Finds Support in British PM Theresa May in London License Fiasco

British PM Theresa May defends Uber Uber has found unexpected support in the ongoing row of London license, which the Transport for London (TFC) refused to renew last week. The support has come from none other than British Prime Minister Theresa May, whose support will certainly come as a shot in the arm for Uber Inc. Speaking…

ByGirish ShettiSeptember 29, 20170Comments

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Facebook introduces new feature to facilitate blood donations in India

Facebook is planning to launch a new feature to facilitate blood donations from October 1 in India which is it's second largest user base. This new feature will make it easier and faster for people, hospitals and blood banks to connect to blood donors in that particular location. While many people are willing to donate…

ByAnkit KumarSeptember 28, 20170Comments

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HomeShop18 acquires Shop CJ Network in a deal worth $27.45 million

Popular Noida based online marketplace and television based home shopping network, HomeShop18 has acquired 74% stake in Shop CJ Network in a deal worth $27.45 million. HomeShop18 is one of the many ventures of Network 18 Media and Investments. Private equity investor Providence Equity Partners and Korean firm CJ O Shopping have an equal joint…

ByPrashant SharmaSeptember 27, 20170Comments

News

Tesla Wants to Enter India, Hold Talks with Government: Report

Tesla Wants to Enter Indian car market. American electric car maker Tesla, founded by talismanic entrepreneur Elon Musk, has started discussions with government to get entry into the Indian car market. A report in Times of India claims that Tesla wants to enter Indian market through single-brand retail route, which would mandate the company to fulfill…

ByGirish ShettiSeptember 27, 20170Comments

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Google Cloud acquires Bitium to elevate its cloud identity and access management potentiality

Google Cloud has acquired Bitium, a company that provides identity and access management (IAM) services which allows users to give their employees a single login to access multiple cloud services. Bitium offers Single sign-on (SSO) service which ensures that employees only need to remember a single password to accessing a number of services. Also, it gives administrators…

ByPrashant SharmaSeptember 27, 20170Comments

News

Flipkart acquires hardware repair services chain F1 Info Solutions

Indian e-commerce giant, Flipkart has acquired mobile and IT hardware repair company F1 Info Solutions for an undisclosed amount. F1 Info Solutions was founded in the year 2012. It has 158 owned and franchised centres all over India. Its employee base of 10,000 people handles over 50,000 calls every month. It is a service partner of…

ByPrashant SharmaSeptember 27, 20170Comments

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