India, South Korea to cooperate on startups, tech transfer .

India and South Korea today agreed to deepen cooperation among their small and medium enterprises through technology transfer, joint ventures, business alliances and facilitation of mutual market access. Both countries also emphasized on providing support to each other’s startups in

startups to join
Startups you should never join

It was 2013. I have been working at an enterprise product company coding distributed systems for a huge codebase that took 1 hour to build even on a monster machine. Nine months into the job, I got bored. I decided

Amazon India Launches first-of-its-kind ‘Women Only’ Delivery Station.

Aimed at empowering women and transforming their lives, India’s leading online marketplace Amazon India on Thursday announced the launch of a first-of-its-kind ‘women only’ delivery station. This initiative was launched with its first delivery station in the capital city. Through

Why Amazon, IBM Investments in India Are Under Threat

Any further delay in BharatNet project poses a risk to returns on investment in new large capacity data centres by global players such as Amazon Web Services (AWS) and IBM, a report by BMI Research said on Wednesday. The BharatNet

Norwest Venture Partners to step up India investment

Norwest Venture Partners, one of the largest venture capital firms globally which has invested USD 700 million (about Rs 4,730 crore) in the country so far, will step up startup investments here in 2016. “In the past 15 to 18

E-commerce major Flipkart announces new management structure

Country largest e-commerce platform Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the new Chief Executive Officer of Flipkart. In his

Amazon India Signs MoU With NIESBUD to Fast Track SME Growth

E-commerce major Amazon India has signed an agreement with the National Institute for Entrepreneurship and Small Business Development (NIESBUD) aimed at encouraging SMEs to grow business profitably online. Under the MoU, Amazon.in and NIESBUD will work towards spreading awareness on

Wipro to Acquire Viteos Group for $130 Million

Wipro on wednesday said it will acquire the US-based Viteos Group for $130 million (nearly Rs. 861 crores), a move that will help the country’s third-largest IT services firm strengthen its position in the capital markets outsourcing space. “Wipro has

E-Commerce to Reshape Indian FMCG Sector: Report

India’s smaller towns and cities are expected to contribute more in shaping future demand for the fast moving consumer goods sector, while e-commerce companies will contribute increasingly larger share of sales for such companies, a report said on Monday. “Re-Imagining

Google Sees Opportunity For Developing Products In India and taking them global

A strong mobile devices market and interest in technology present a good opportunity to build products in India and then taking them global, Google CEO Sundar Pichai said today. The India-born executive, who took over as head of one of

Is The Bubble Bursting for India’s Online Start-Ups?

Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country’s e-commerce companies, amid claims by analysts that many of them are overvalued. Restaurant search website Zomato, food delivery app TinyOwl and

Ola Partners MapmyIndia for Better Navigation

Taxi aggregator Ola on Friday announced its partnership with MapmyIndia by acquiring a multi-year licence. “Through this partnership, Ola will get complete access to mapping data from MapmyIndia, which has the IP ownership for the most comprehensive, accurate and updated

Housing.com Announces Layoffs; Plan to focus purely on the home-buying segment.

Real estate listings platform Housing.com announced Thursday its restructuring plan to focus purely on the home-buying segment. Housing.com said that it will be reducing its employee base, and reorganising its teams to more efficiently execute this new focused strategy, but

Ola Raises $500 Million From SoftBank, Didi Kuaidi, and Others; Now Valued at $ 5 Billion

Taxi aggregator Ola has raised $500 million (around Rs. 3,299 crores) from Baillie Gifford, Tiger Global, SoftBank Group and others to fuel capacity building and drive new use cases as it up the ante to compete with rivals like US-based

India to be Second Largest IT Market in Asia Pacific by 2019: Gartner

Higher technology spending by sectors like banking and government and growing adoption of new technologies like cloud and Internet of Things (IoT) will drive India to become the second largest IT market in the Asia Pacific region by 2019, research

Paytm Partners Insurance Firms for Cashless Premium Payments

Mobile payments wallet Paytm Thursday said it has partnered major insurance companies to offer online premium payments and is targetting premium payments of Rs. 1,000 crores by the end of the fiscal. Insurance companies ICICI Prudential Life, Religare Health, Reliance

Nasscom Partners with Facebook to Launch Initiative for Developers to Drive Innovation

Industry body Nasscom has partnered Facebook to launch a new initiative to support developers building apps and mobile websites for “new-to-internet” users. Under the ‘Leaders Building for the Next Billion Program’, Nasscom will invite developers and students through an application

Flipkart Opens Fulfilment Centre Near Gurgaon to meet the growing needs for consumer electronics

E-commerce giant Flipkart on Sunday announced the opening of a fulfilment centre in Luhari, close to Gurgaon, to meet the growing needs for consumer electronics and durables in the northern region. With this new facility, Flipkart now has a total

Amazon injects $190 Mn in Amazon Seller Services to take on Flipkart & Snapdeal

Amazon has invested Rs 1,234 crore in its Amazon Seller Services, in what is its largest amount to be pumped into its Indian flagship operations since its entry in 2013. The investment takes Amazon’s total infusion into Amazon Seller Services

Snapdeal invests $20 million in GoJavas to strengthen its Supply Chain and logistic operations

E-commerce major Snapdeal invested USD 20 million (around Rs.130 crore) in logistics firm GoJavas, to help it expand operations in the country. The funding is part of the online marketplace’s plan of investing USD 200 million to strengthen delivery and

Tata Communications and MasterCard join hands to empower 100 million women

Tata Communications and MasterCard have partnered to financially empower 25,000 women in developing economies like India, Nigeria, Indonesia and Guatemala and aim to take the number to 100 million by 2020. The global telecommunications and payments technology firms and their

Paytm Raises Fresh Funding around Rs 4500 Cr From Alibaba & Ant Financial

Chinese e-commerce giant Alibaba Group Holding has made a strategic investment into Paytm, which is run by One 97 communications, along with Alibaba’s affiliate entity Ant Financial which is already an investor in Paytm. With this, Alibaba Group Holding becomes a

E-Commerce Sites Should Be Treated as Retailers for Foreign Direct Investment: Delhi HC

The Delhi High Court has observed that if the central and state governments were not treating e-commerce sites like Flipkart and Amazon as retailers for foreign direct investment (FDI), they cannot be treated as retailers for taxation purposes. Justice Rajiv

Snapdeal Launches SD Advisor Programme to Assist Sellers in Business Management

Online marketplace Snapdeal has launched its SD Advisor Programme, under which its two lakh sellers will get a personal advisor to assist them in business management on the platform. The programme, part of Snapdeal’s USD 200 million investment for building

Ola Opens Up API for Mobile Apps, Individual Developers

Taxi aggregator Ola announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company’s offering with their platforms. “The public release of our API to developers is a giant leap in

Indian IT Companies among World’s worst paymasters, four times less than top paymaster

Indian IT companies are among the 10 worst paymasters in the world, says a survey – a mid-level IT manager draws an average salary of $41,213 (roughly Rs. 27,04,600) while his Swiss counterpart gets over four times more. According to

Amazon India to Help Merchants Sell Through Own Website

Global e-commerce major Amazon today launched a new offering which will enable merchants with logistics and payment services to sell through their own website. Using the new integrated payments and logistics offering, brands and businesses who want to sell through

Delhi Government Rejects Uber’s Application to Ply Taxis Again

In a setback to US-based online cab service provider – Uber, the Delhi government has rejected again the company’s application for licence to run its taxis in the national capital. The government’s move comes around a fortnight after it rejected

Mahindra forays into e-Commerce segment with launch of e-marketplace M2ALL.com

Mahindra Group jumped into the booming ecommerce segment with the launch of M2ALL.com, a portal from where consumers can buy all Mahindra products. The online marketplace has begun taking bookings for the new compact SUV — Mahindra TUV300. “The new