The biggest news of the week was the launch of “Freecharge Wallet”. Snapdeal and Freecharge announced to merge their customer accounts to build a common account and common wallet service, namely, ‘Freecharge Wallet’. The two are trying to make it more frictionless in connecting across business units.
Let’s have a look at the important developments of the week:
Real Estate Agents & Brokers Attacks NoBroker Office In Bangalore
More than 40 local brokers and agents attacked NoBroker Technologies’ office and threatened its employees. They were angry at NoBroker as the company make real estate buying a broker free phenomenon thus cutting out their incomes.
Housejoy appoints Saran Chatterjee as the new CEO
Saran Chatterjee from Flipkart has been appointed as new Chief Executive Officer at Housejoy to fasten the dynamic expansion plans into more cities and services with a large focus on consumer experience.
InMobi Partners With China’s APUS To Expand Global Footprint
The alliance will enable InMobi to expand its global footprint by reaching out to 500 Mn users in China and other countries by next year. APUS will also earn revenues through advertisements on its apps that run on InMobi’s platform.
Delhi Govt. Once Again Rejects Uber’s Application To Run In Delhi
According to government officials, Uber failed to abide by new taxi rules, because of which it was considered unfit to grant licence.
Delhi Based MyOperator To Handle Backend Operations For PM Modi’s Mann Ki Baat
Cloud telephony startup MyOperator will run the backend operations of Prime Minister Narendra Modi’s monthly radio talk show, ‘Mann Ki Baat’.
Rocket Internet Backed Jabong Looks For A New CEO
Arun Chandra Mohan, CEO and co-founder of Jabong has decided to pursue a new business venture and has resigned from the company by mutual agreement. It is expected that the MD Praveen Sinha might also move out of the country by the year end.
85% Of The Indian Ecommerce Firms Were Overvalued: Vinod Khosla
Khosla, who founded Khosla Ventures said that Flipkart, Snapdeal and other ecommerce startups are overvalued.
Khosla Ventures Backed Novopay Enters The Mobile Wallet Race
Novopay, an android-based mobile payment solution that helps users pay money to anyone from Phonebook or by Novopay offline retail outlets, partnered with RBL bank to enable Novopay Wallet.
Mahindra Treads The Ecommerce Road; Launches M2ALL
Mahindra Group ventured into ecommerce space by launching M2ALL.com, a portal that sells Mahindra products.
Foodpanda grapples with suspect orders, lack of processes: report
In an investigation report by Livemint, Foodpanda India is plagued by suspect orders, lack of automation and over-dependence on Excel sheets.
Google To Provide Free WiFi Across 400 Indian Railway Stations
Google and Indian Railways partnered to launch a new project under the code name “Project Nilgiri” that will deliver free wi-fi access to around 400 railway stations across India.
Let’s have a look at other developments of the week
Oyo Rooms launches women-exclusive rooms under Oyo We
Oyo Rooms launched women-exclusive brand called Oyo WE, with all women staff and facilities curtailed to suit women-specific needs, as women travelers made up for up to 40% of its total customers.
Snapdeal Appoints, Hardeep Singh As Head Infrastructure
In his new role at Snapdeal, Hardeep will help the company craft strategies for making Snapdeal’s supply chain systems future ready that includes the entire gamut of network design, infrastructure and special projects.
Ola Partners With Govt. Of Andhra Pradesh To Build ‘Smart Andhra’
In a MoU signed with Andhra Govt., Ola will bring in technology to support over 50,000 vehicles in the next three years to ensure smart, reliable and safe transportation in the cities of Andhra Pradesh. The company also committed to invest over $22.5 Mn in the next three year for the purpose.
SilverPush Partners With Mobext To Launch In Philippines
With this partnership, SilverPush will come up with a new technological innovation in the marketing and advertising domain which will create tailor-made mobile ads based on consumers’ commercial-viewing preferences on television.
Traders Demand Steps To Regulate Ecommerce Portals
Traders body Confederation of All India Traders (CAIT) reached out to the Ministry of Commerce seeking measures to keep etailers in check. It wants the Ministry’s help to curb the predatory pricing strategy of ecommerce portals during this Diwali season
Indian Govt. Launches Its Own OS
Indian government will be launching an improved version of its own operating system (OS) named Bharat Operating System Solutions (BOSS), which may replace Microsoft Windows and all other OS for official use in future.
Paytm Partners With Educational Institutions & QSR Chains To Offer Cashless Payments
Paytm partnered with various educational institutions, QSR’s & casual dining restaurants to enable cashless payment at various destinations.
Karnataka To Become The First State To Have A Dedicated Startup Council
The council will be set up by the govt. of Karnataka to look into state investment for startup infrastructure, incubation centres and similar facilities.
Flipkart Launches New Fulfilment Centre In Chennai
In a bid to improve its supply chain in Chennai and surrounding areas during the upcoming festive season, Flipkart announced the launch of a new fulfilment centre in the city.
Travel Entertainment Startup PressPlay Launches PressPlay TV Network
In order to disrupt the way video content is consumed, PressPlay, a technology company innovating at the intersection of entertainment & travel, announced the launch of PressPlay TV network.
NBCC To Launch Ecommerce Portal
National Buildings Construction Corporation Ltd (NBCC) plans to launch its ecommerce portal to cater to real estate requirements of various government agencies, departments, public financial institutions and law enforcement agencies as part of Digital India programme.
AskmeBazaar Announces Tie-Up with Zardozi Retailers
With the tie up AskmeBazaar will be able to offer a differentiated and specialized range of high quality Indian ethnic wear to the women shoppers of its platform.
MapmyIndia Launches SafeMate, A Personal Safety Device for Women & Children
MapmyIndia’s new device is portable and small. It has a GPS base and can send information to registered contacts in cases of emergency.
UrbanClap Launches iOS App
UrbanClap witnessed 25% of requests from iOS mobile web users, in lies of which it has launched its iOS app for the customers.
GoJainYatra.com, A Travel Portal For Jain Community Launched
Targeting about 4.40 Mn, Jains in India GoJainYatra launched a travel portal enabling online booking of about 750+ Jain Tirth and 450+ Dharamshalas across India at a convenience fee.
Uniphore Opens Office in Bangalore
Uniphore opened a new office in Bangalore. The office will accommodate teams dedicated to research & development, business development, consumer technology and professional services.
Datawrkz launches Vizibl for Programmatic Advertising
India’s fastest growing advertising technology provider, Datawrkz, launched Vizibl, a marketing tool to aid SMB marketers and agencies in India to leverage online advertising.
Square Yards To Conduct Online Property Sale For VVIP Group
Square Yards will conduct an online property sale exclusively for a Noida-based developer
VVIP Group. The event is estimated to attract a lot of buyers as the company plans to offer exclusive buyback for home buyers booking their flats online.
Priyam Bose Joins Advisory Board Of SmartVizX
Priyam Bose, former Senior Partner Business Evangelist at Microsoft, India, will join company’s advisory board. He will bring his expertise and vision to SmartVizX specially building their strength in the mobile domain.
ShopClues Onboards 2.5 lakh Merchants
Shopclues onboarded 2.5 lakh merchants enabling them to leverage company’s unique value
proposition delivering high-quality business solutions.
Facebook Will Not Withdraw Its Zero-Rated Platform Internet.Org From India
With an aim to bring 5 Bn people online, in partnership with tech giants like Samsung and Qualcomm and mobile operators, Facebook plans not to withdraw its controversial zero-rated platform internet.org from India.
Paytm bets big on sporting events; Plans to spend Rs 500 crore on branding and promotion over the next 4 years
Paytm is betting big on branding through sports events in the next four years. It has already bagged title sponsorship rights for BCCI India’s matches in India till 2019 and will now share sponsorship rights on Star TV which will allow it to get presence on the channel’s SD and HD feeds through ad seconds, push-backs etc on a national scale.