Seed stage venture fund Unitus Seed Fund with a total number of 23 investments across all sectors, claims that it is impacting more than 6.5 lakh (650,000) low-income lives across 22 states in India. Unitus Seed Fund claims that it has shown a growth of 231% over 2014.
Founded in 2014, FTCash has raised Rs. 1 CR in pre-series A funding from the IvyCamp platform. The funding is for aggressive customer and merchant acquisition along with product development. It enables cashless transactions and allows the merchants / customers to use multiple payment options.
Existing investors like Amit Nanavati (IIMA Alumni), and new investors like Tashwinder Singh, Director– KKR, Anil Gudibande – 1 Crowd Founder/Ex MD RBS, Taranjit Jaswal – Director, Barclays and Amit Khanna – ex KPMG Partner have participated in the round. Blinc Advisors, a VC fund also participated in the round.
Facebook is all set to widen its scope and turn into an e-commerce platform. To attain this, the tech giant has partnered with Citrus Pay or cards and net banking transactions. At the international level, FB is now also allowing retailers to open online shops in the form of its pages.
With the launch of Brand Story Ads, Flipkart has introduced a new form of advertising called – Commerce Advertising. Commerce Advertising delivers a holistic view of consumer’s purchase journey post ad interactions and highlight effectiveness of the advertising campaigns.
uberMOTO is a motorbike service to help people save time and money on short trips across town and provides last mile connectivity. uberMOTO rates start at Rs 15 + 3 /km + 1/min. The minimum fare is Rs 15. Riders can key in uberMOTOBLR to get a free ride worth Rs 100.
The number of telephone subscribers in India increased from 1,035.18 million at the end of Nov-15 to 1,036.41 million at…
DDoS attacks increased by 149% which is 40% increase from Q3 while web application attacks increased by 28% compared with…