NEWS
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NEWS 
March 4, 2016 Here’s why Microsoft bought SwiftKey for $250 million—artificial intelligence
Photo: Bloomberg New Delhi: On Tuesday, London-based predictive technology company SwiftKey said it has joined the Microsoft family. The deal, first reported by the Financial Times, is believed to be around $250 million. SwiftKey, for most smartphone users, comes through as just another third-party keyboard app, an upgrade on the default keyboard that most platforms […]
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NEWS 
March 4, 2016 Ratan Tata, University of California partner to fund start-ups in India
Ratan Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame. Photo: Mint Bengaluru: RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over […]
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NEWS 
March 4, 2016 Magic Crate raises seed funding from Mohandas Pai, others
The firm said it ships several thousand activity crates each month, customised to specific age groups, with the prices starting at Rs.549. Bengaluru: Funfinity Learning Solutions Pvt. Ltd, which makes Magic Crate subscription-based activity kits for children, on Thursday said it has received seed investment from Aarin Capital, T.V. Mohandas Pai, chairman of Manipal Global […]
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NEWS 
March 4, 2016 BHIVE Workspace raises angels funds to expand services
BHIVE provides start-ups with accessible and quality plug-and-play workspaces in Koramangla area of Bengaluru. Till date, it has housed 90 start-ups covering 4,000 active members. Mumbai: Bengaluru-based workspace solutions provider BHIVE Workspace said on Friday that it had raised an undislosed amount in funding from a group of angel (individual) investors. The investors include Raghunandan […]
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NEWS 
March 4, 2016 Sequoia Capital top venture capital investor of 2015
While Sequoia Capital backed 48 start-ups, New Enterprise Associates—the second most prolific venture capital firm—was involved in 44 deals, according to start-up tracker Tracxn. Bengaluru: Sequoia Capital and New Enterprise Associates were the most prolific venture capital firms last year globally in terms of the number of deals, backing 48 and 44 start-ups, respectively. The […]
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NEWS 
March 4, 2016 Zomato chief product officer Tanmay Saksena quits
Food tech start-ups such as Zomato have been struggling to scale their businesses, making wary investors pile pressure on start-ups to reduce cash burn on discounts and overhead costs. The pressure has been trickling down the management ranks. Photo: Ramesh Pathania/Mint New Delhi: Zomato Media Pvt. Ltd’s chief product officer Tanmay Saksena has abruptly left […]
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NEWS 
March 4, 2016 Infosys, Wipro investments in start-ups not exclusive deals
Infosys and Wipro maintain their backing to start-ups, which are based out of the US, Israel and India, should not curtail the latter from partnering other outsourcing firms, some of which are even their rivals. Photo: Hemant Mishra/Mint Bengaluru: Infosys Ltd and Wipro Ltd have invested over $65 million in 11 start-ups so far, but […]
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NEWS 
March 4, 2016 Zomato turns profitable in 6 markets, including India
Zomato co-founders Pankaj Chaddah (left) and Deepinder Goyal. Photo: Ramesh Pathania/Mint Restaurant search and review website Zomato Media Pvt. Ltd said on Monday that the company has reached operational profitability in six markets, including India. Zomato has also turned operationally profitable in the United Arab Emirates, Lebanon, Qatar, the Philippines and Indonesia. “We can now […]
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NEWS 
March 4, 2016 PepperTap shuts operations in six large cities, including Mumbai
In September, Gurgaon-based PepperTap had rolled back operations in smaller towns such as Agra and Meerut after a month-long pilot failed to take-off. Photo: Pradeep Gaur/Mint New Delhi: Hyperlocal delivery start-up PepperTap is shutting operations in six cities, including Mumbai, Kolkata and Chennai, and will be laying off about 400 delivery men—a sign of heightened […]
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NEWS 
March 4, 2016 Why Morgan Stanley’s action on Flipkart is bad news for Indian unicorns
Given that Flipkart is expected to list its shares in the US at some point over the next few years, the valuation estimates of the mutual funds will be an important indicator of how stock market investors will value the company. Photo: Hemant Mishra/Mint Bengaluru/New Delhi: Late last month, Flipkart India Pvt. Ltd, the country’s […]
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NEWS 
March 3, 2016 Sony MDR-ZX110 Review
When it comes to name recognition and market reach, few audio manufacturers can match the Sony’s capabilities. Using a brand name that has been carefully built up over the decades, Sony is one of a handful of companies in India that can sell headphones by the thousand. This is thanks to a huge portfolio spanning […]
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NEWS 
March 3, 2016 Grain Audio OEHP.01 Review
Based in small-town Pennsylvania, USA, Grain Audio is a personal audio manufacturer that makes liberal use of wood in its products. The company has just four offerings listed on its site, and ships directly to buyers. Of the two pairs of headphones listed, the OEHP.01 is the larger, over-the-ear model. Featuring solid wood casings, the […]
