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    Telcos Seek Approval On Digital Onboarding To Keep Subscriber Growth Going

    In March, telecom giants collectively added only around 5 Lakh new users, as per industry estimates If the proposal is approved, telecom companies can port phone numbers digitally Telecom customers have to capture a live photo, and submit ID and address proof online With a physical visit to retail stores in order to get a new connection impossible due to lockdown, telecom...

    • 6 hrs ago
  • News

    Blockchain This Week: Blockchain And Data Privacy In The Times Of Coronavirus & More

    India's think tank Niti Aayog launched a location-tracking app called Aarogya Setu The use of blockchain solution can address privacy issues associated with patient tracking Blockchain technology is expected to create more than $176 Bn worth of business value by 2025 Data privacy is on everyone's mind right now as government authorities look for...

    • 6 hrs ago
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    Jitendra Gupta's Amica Bags $2 Mn To Emerge Out Of Stealth Mode

    Hummingbird Ventures and Bedrock Capital led this funding round Gupta said that Jupiter neobank will be launched in July The valuation of Amica has jumped 43% to $100 Mn from $70 Mn Former PayU India's chief Jitendra Gupta's Amica Technologies, the neobanking startup, has raised $2 Mn in a funding round led by venture capitals UK-based Hummingbird Ventures and US-based...

    • 7 hrs ago
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    Byte-Sized Entertainment Platform Plop Bags Funding From Better Capital

    The platform is looking to bring in more content creators on board to help them monetise Plop has seen a 400% hike in its daily active users amidst the coronavirus pandemic quarantine TikTok, Likee have noted a significant surge in the number of downloads during the lockdown Mumbai-based mobile interactive platform Plop has raised an undisclosed amount of funding from Better...

    • 9 hrs ago
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    Amazon, Flipkart Seek Curfew Passes As States Extend Lockdown

    Ecommerce companies are seeking passes with a validity of up to four to six months They also want the government to allow the delivery of some electronic products People are facing challenges in working from home due to the unavailability of these devices With many state governments planning to extend the lockdown beyond April 14, ecommerce players like Amazon, Flipkart, Bigbasket,...

    • 9 hrs ago
  • News

    Exclusive: FarEye Is Raising $24 Mn In Series D Funding

    FarEye has also increased its ESOP pool for employees The company is raising the Series D round from new and existing investors FarEye claims to have a 280% increase in ARR year on year New Delhi-based logistics management startup FarEye is raising $24 Mn in a fresh funding round from new and existing investors. According to the company's ministry of corporate affairs filings accessed...

    • 13 hrs ago
  • News

    India Under Lockdown Turns To Porn: Pornhub Reports 95% Surge From India

    Pornhub is offering free premium content till April 24 to promote social distancing Pornhub started to witness a surge in the traffic from the first day of lockdown Should the government revoke the ban on porn sites to promote social distancing? Bypassing the government ban on porn sites, people in India have increased the consumption of adult movies on Pornhub, one of the...

    • 13 hrs ago
  • News

    India, South Africa Put Foot Down On Expansion Of Ecommerce Tax Moratorium

    Indonesia wants to bring both transferable and downloaded content under the ambit of the moratorium India, South Africa has been against the extension of ecommerce moratorium As per UNCTAD, developing countries have lost $10 Bn revenue due to the moratorium of ecommerce The World Trade Organisation (WTO) might expand the jurisdiction of the global moratorium on ecommerce...

    • 13 hrs ago
  • News

    As Covid-19 Bites Revenue, OYO Lays Off Employees In US

    OYO has fired employees in sales, business development and human resource teams The Covid-19 outbreak led to 75% revenue loss for OYO OYO laid off 360 employees in US in February 2020 In what could be the start of the next wave of layoffs in Softbank-backed OYO, the company has let go of several employees in the US. These employees, working in departments such as sales, business development...

    • 14 hrs ago
  • News

    #StartupsVsCovid19: India's Medical Devices Startups Step Up To The Challenge

    Inia's inadequate healthcare infrastructure has been exposed by the coronavirus pandemic Startups are helping health authorities meet the gap in supply of critical medical devices and equipment Dozee and InnAccel are two startups working with the government for ICU beds and ventilators Infocus Just a few weeks into the fight against the Covid-19 pandemic,...

    • 19 hrs ago

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