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Travel platform Booking.com Monday announced a ₹18.5 crore fund for startups offering solutions in sustainable travel and accommodation. The startups will be selected through its accelerator ‘2020 Booking Booster program’ which will bring together startups, social enterprises, and non-profit organizations to explore solutions to build sustainable accommodation. Participants with innovative products and services,...
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Taking a dig on WhatsApp for the recent spyware controversy, which also impacted Amazon founder and CEO Jeff Bezos in addition to 121 users in India, Telegram founder Pavel Durov has said that such data could have been safe if Bezos and others used the Telegram messaging app instead of Facebook-owned platform. The WhatsApp...
Chinese short video TikTok has overtaken Instagram in various markets including India and global tech giant Google is looking to replicate the success of TikTok with its new social platform, Tangi. Tangi is an experimental social video sharing app that showcases quick do-it-yourself (DIY) videos that help people learn new things every day. The...
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Consumer appetite for food ordering is set to rise with India’s online food ordering market expected to grow at a compound annual growth rate of 25-30% to touch $7.5- $8 billion by 2022, up from $4 billion, according to a report by Google and Boston Consulting Group (BCG). Increased reach of internet in India’s...
Top Indian Entrepreneur- Ratan Tata
In the past few months, various stakeholders of the startup ecosystem have publicly spoken about the potential of artificial intelligence (AI) and how it will impact the future of the Indian economy. Now, chairman emeritus of Tata Sons, Ratan Tata, has also said that the startup of the future will be more about AI.
New York-based Tiger Global Management, one of the most active startup investors in India, is likely to lead a $500 million funding round in fantasy gaming platform Dream11, three people aware of the matter said. Tiger could spend as much as $200 million to buy new shares as well as shares from Dream11’s early...
Counterpoint Research published its findings in which it estimates that India has surpassed the U.S. to become the second-largest smartphone market in the world behind China, noting that 158 million units were shipped to the country in 2019 with seven percent year-over-year growth. Analysts believe that this could largely be attributed to the expansion of Chinese manufacturers...
Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to raise another $70 million in the ongoing round. The Sony Innovation Fund was set up by Japanese technology giant Sony...
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Food delivery platform Swiggy on Tuesday admitted that food rates on its platform may be higher than those being offered by restaurants in certain cases. Reacting to a tweet from a Bengaluru man who claimed that prices of food items in Zomato or Swiggy menu are 25-50 percent more than the actual price of...
With the aim of supporting India’s digital payments as well as to boost the infrastructure of the cash-driven economy, PhonePe has launched a Unified Payments Interface-based (UPI) PhonePe ATM service. PhonePe users can send money to merchants using the app to get cash equivalent to the amount. The company claims that around 75K merchants...

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