500 Startups Invites Applications for New Batch; Instamojo Cuts Charges by 50% [Startup Roundup]

Silicon Valley based early stage accelerator 500 Startups is calling for applications to its latest batch of startups (007). The accelerator, founded by super angel Dave McClure, which takes a large number of international startups (especially from India), invests anywhere between $25,000- $250,000 in a large number of early stage startups.

For Batch #007

For Batch #007

Typically, the investments are around $50,00 for 5 % stake in startups that have traction and want to go to Silicon Valley. Last year, the accelerator set up a $5 mn fund called “Startup Wallah” to back Indian startups.

In May this year, five Indian startups, including Credii, Seat 14A, School Admissions, Tushky and PriceBaba made it to the program. You can apply for the program until 16 August 2013.

Watch Dave McClure in conversation with NextBigWhat

More videos on our Youtube Channel.

Instamojo Cuts Rates by 50%

Instamojo, the platform which lets you quickly sell goods on the Internet has reduced prices by 50%. The startup announced in a blogpost that the new price will be 5% per transaction for Indian sellers and 5%+ 30 cents per transaction for sellers abroad.

“Like before, there’s no additional charges or fees for setup, hosting, bandwidth, delivery of your digital files or even payment processing. With this update, we have reduced our pricing to half from what it was,” the blogpost said.

Instamojo recently launched an API which can be used by developers to create, edit, query and archive offers programmatically.

Taxiforsure launches #TweetATaxi to book cabs on Twitter

Serendipity Infolabs Pvt. Limited, which runs the online cab booking site TaxiForSure has launched the #TweetATaxi campaign with which users can book taxis on Twitter.

The user needs to write to their Twitter handle (@taxiforsure) with their requirement and suffix the hashtag #TweetATaxi. For example: “@taxiforsure need a taxi from JP Nagar to Airport at 5:30pm #TweetATaxi”.

TaxiForSure will then reach out to the customer to book their taxi.