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    MobiKwik Grows 100% In FY19, Announces INR 184.6 Cr Revenue

    The company's exit revenue grew 3.5x in March 2019 The company claims to have halved its EBITDA burn, eyeing breakeven by end-2019 MobiKwik claims to have 90% growth in MAUs Gurugram-headquartered digital financial services platform MobiKwik has said that it earned revenues of INR 184.6 Cr in the fiscal year ending March 31, 2019. The company has continued to post over 100% growth...

    • 5 hrs ago
  • News

    India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success

    Data from India will shape global healthcare, said Rahul Gandhi in a recent interview Currently, less than 5% of healthcare data is collected in India Lack of access to healthcare is a bigger challenge that startups are looking to solve India is the second most populated country in the world with over 1.3 Bn people. The growing population has significantly...

    • 5 hrs ago
  • News

    In The Age Of Millennials, Subscription-Based Grocery Delivery Shows Early Success

    Online grocery delivery market is expected to grow at 55% through 2021 RedSeer report says egrocers have converted 30-40% users to the subscription model BigBasket and Grofers recently raised over $100 Mn each The Indian online grocery segment has finally come of age with investors back with funding. Two leading players in the sector- BigBasket and Grofers-...

    • 7 hrs ago
  • News

    As Vehicle Sales Plummet, Drivezy Looks To Put Indian Car Rental Market Into Fifth Gear

    Drivezy's peer-to-peer model addresses vehicle owners as well as car seekers The startup clocked a gross sales of $32 Mn in 2018 and is targeting $80 Mn this year Drivezy is part of Inc42's 42Next list celebrating India's most innovative startups The process of buying a car, although painstaking, has a sweet reward at the end. The child-like...

    • 7 hrs ago
  • News

    India's Growing Regional Language User Base Driving Up Investments in OTT Space

    International OTT players are investing heavily for regional language content for the Indian market In Q1 2019, digital media and entertainment startups received $167 Mn of funding through 11 deals Indian regional language internet users are likely to grow to 536 Mn by 2021 When it comes to streaming, India is all about Bollywood and cricket. This is best represented...

    • 9 hrs ago
  • News

    Social Media Companies Deny Sharing EC-Related Information Through RTI Queries

    IAMAI and social media companies had established a voluntary code of ethics with EC The social media companies have raised privacy concerns The correspondence refers to the concerns over this misinformation on social media In a letter at the beginning of May, the Election Commission of India had written to the Internet and Mobile Association of India (IAMAI) seeking...

    • 9 hrs ago
  • News

    Karnataka Govt Pulls Up Ola For Charging 'Unlawful' Convenience Fees

    The state transport authority will write to Ola asking them to stop such charges The govt body said that value-added services should be free Convenience charges allegedly violate state laws for cab aggregators After bike taxi services, the Karnataka government has now asked Bengaluru-based cab hailing giant Ola to withdraw the convenience fee levied on its Prime Play cabs. ...

    • 10 hrs ago
  • News

    IKEA Franchisee Invests In Home Design Startup Livspace

    IKEA Group franchisee Ingka Group has invested in the design and decor startup The funds will be used to develop new home interior solutions and products Livspace is looking at collaborations for marketplace integration, retail presence Bengaluru-based end-to-end home design and decor service provider Livspace has raised an undisclosed amount from IKEA group franchisee, Ingka Group (Ingka...

    • 11 hrs ago
  • News

    Is India Fighting A Lonely War On Global Rules For Ecommerce At WTO?

    Nearly 70 countries are supporting the US on a multilateral ecommerce mechanism India is against this plan South Africa and Saudi Arabia have supported India's stand in WTO In its lonely stand on global rules for ecommerce trade, India is stuck in mud at the World Trade Organization (WTO) where nearly 70 countries are supporting the US to have a multilateral mechanism for...

    • 12 hrs ago
  • News

    How Taboola Plans To Boost Regional Language News Discovery In India While Battling Fake News

    Taboola has partnerships with most of India's top news media outlets Taboola to open new offices in Gurugram, Mumbai, hire 80 employees to lead India & global efforts The company claims to reach over 1.4 Bn people globally From the very early days of the internet, the content recommendation has been a major driver of traffic for websites and...

    • 13 hrs ago

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