1. Articles in category: Social Networking

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    1. Alia Bhatt backs fashion-tech startup StyleCracker

      Alia Bhatt backs fashion-tech startup StyleCracker

      StyleCracker, a fashion portal where users can order celebrity stylist-curated products, has raised an undisclosed amount of funding from actress Alia Bhatt, it said in a statement. The startup, run by Mumbai-based Kanvas Consultancy Pvt. Ltd, connects women shoppers with designers for advice on fashion and styling trends. It also provides users access to a catalogue of looks. To be updated… Like this report? Sign up for our daily newsletter to get our top reports.

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    2. Bike rentals startup ONN Bikes raises $692K in pre-Series A funding

      Bike rentals startup ONN Bikes raises $692K in pre-Series A funding

      Mumbai-based Motocruizer Technologies India Pvt. Ltd, which operates self-riding bike rental platform ONN Bikes, has raised Rs 4.5 crore ($692,000) in a pre-Series A round led by existing investor Z Nation Lab. The round also saw the participation of JITO Angel Network and Mumbai-based funding and incubation platform Venture Catalysts.

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    3. Google India crosses a billion dollar in sales for the first time: Report

      Google India crosses a billion dollar in sales for the first time: Report

      Increased mobile ad spending from marketers led to the topline growth.

      Google has raked in revenues of over a billion dollars from India for the first time this year. Sales crossed Rs 7,200 crore (roughly $1.1 billion) in 2017, recording a 22 percent increase over 2016′s Rs 5,904 crore. That is only half the growth the search giant recorded between 2015 and 2016, according to reports.

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    4. Facebook starts piloting its peer-to-peer selling feature in India

      Facebook starts piloting its peer-to-peer selling feature in India

      Facebook has started a pilot of its Marketplace feature in India, starting with Mumbai. The social media’s Marketplace feature connects local buyers and sellers, who are mostly looking to buy or sell second hand or user goods via Facebook. Facebook’s spokesperson confirmed the development to MediaNama. The move was first reported by The Economic Times.

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    5. Will Facebook’s foray into social commerce give OLX and Quikr the jitters?

      Will Facebook’s foray into social commerce give OLX and Quikr the jitters?

      Facebook, Inc., the world’s biggest social network that boasts 2 billion monthly active users, is testing a ‘Marketplace’ feature for the first time in India to gauge initial reactions. Though the tech giant is not entirely new to social commerce in India—sale and purchase of gadgets, furniture, vehicles and even real estate have been happening on Facebook groups—the company now plans to bunch up all such posts and groups under a common tab on the app.

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    6. Xiaomi plans to invest $1 bn in Indian startups, says CEO Lei Jun

      Xiaomi plans to invest $1 bn in Indian startups, says CEO Lei Jun

      Chinese electronics maker Xiaomi Corp plans to invest $1 billion in 100 Indian startups over the next five years in a bid to create an ecosystem of apps around its smartphone brand, CEO Lei Jun said in a report. In an interview to Mint, Lei said that Xiaomi and its sister firm Shunwei Capital has already invested in six Indian companies that include Hungama and KrazyBee.

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    7. Facebook starts testing Marketplace in India, starting with Mumbai

      Facebook starts testing Marketplace in India, starting with Mumbai

      Facebook Marketplace allows users to sell and purchase products online.

      As Facebook expands its presence in India, the social media giant will soon launch its Marketplace platform in the country. As the name suggests, Facebook Marketplace allows people to sell and buy products online but in an organized community like Facebook. According to ET, Facebook started testing the feature in Mumbai from November 16, and users in Mumbai are expected to use Marketplace very soon.

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      Mentions: OLX
    8. Ebix to pick 50% stake in Kanoria’s BPO biz Vara Technologies

      Ebix to pick 50% stake in Kanoria’s BPO biz Vara Technologies

      US-based software and ecommerce service firm Ebix, Inc has formed a joint venture with Kanoria Foundation’s IT services firm Vara Technologies. The JV, which will be branded as Vara-Ebix, involves a capital infusion by Ebix. In return, the Nasdaq-listed firm will pick 50% stake in Vara, it said in a statement. However, it did not disclose the value of investment.

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    9. Online storytelling platform Kahaniya raises $200K in seed funding

      Online storytelling platform Kahaniya raises $200K in seed funding

      Hyderabad-based Viven Infomedia, which operates Kahaniya.com, an online storytelling platform in regional languages, has raised $200,000 (Rs 1.29 crore) in a seed funding round from a bunch of undisclosed US-based non-resident Indians (NRIs), Pallav Bajjuri, co-founder of the startup, told VCCircle. The startup will use the funds to add more languages to its platform, Bajjuri said.

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    10. SEBI to probe possible leak of company earnings on WhatsApp groups

      SEBI to probe possible leak of company earnings on WhatsApp groups

      India’s market regulator will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday. A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups. “We will certainly investigate the issue. It is a work in progress,” Tyagi, Chairman of the Securities and Exchange Board of India, told Reuters, when asked what action the regulator was considering.

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    11. Facebook rolls out dedicated app for video content makers

      Facebook rolls out dedicated app for video content makers

      Taking a step closer towards becoming a TV-like platform, Facebook has launched a separate app- Facebook Creator- which will help vloggers or video content creators to create better videos and monetize them in future.

      The Facebook Creator app offers tools like Live Creative Kit for adding intros as openers to their live broadcasts, outros that conclude them, custom live stickers that viewers can use to interact, and graphic frames for branding.

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    12. TiE Mumbai backs US diagnostics startup Hemex Health

      TiE Mumbai backs US diagnostics startup Hemex Health

      Portland, Oregon-based medical devices startup Hemex Health Inc. has raised over $600,000 (Rs 3.92 crore) from The Indus Entrepreneurs (TiE) global angel network, with the participation of TiE Mumbai’s network of angels. Sanjay Mehta, an active angel investor with over 70 investments, led the TiE Mumbai investment with 10 other global chapters.

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    13. Twitter may take away ‘verified’ status without prior notice

      Twitter may take away ‘verified’ status without prior notice

      Twitter has announced its updated account verification programme, in which it said that it may take away verified status- the blue tick/ badge- from users if they indulge in hateful speech or offensive content.  In a series of Tweets, the company said that the blue badges have been perceived as endorsements, and now Twitter wants to change the perception by publishing new guidelines for the verified accounts.

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    14. From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

      From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

      Join 300,000+ CB Insights newsletter readers Email Research Brief From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them November 16, 2017 Venture Capital November 16, 2017 These venture bets on startups that "returned the fund," making firms and careers, were the result of research, strong convictions, and patient follow-through. Here are the stories behind the biggest VC home runs of all time. Where is this data coming from?

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    15. CarDekho parent ropes in Yatra’s Pragya Kumar as chief people officer

      CarDekho parent ropes in Yatra’s Pragya Kumar as chief people officer

      Jaipur-based Girnar Software Pvt. Ltd, which owns auto portals CarDekho.com, BikeDekho.com and Gaadi.com, on Wednesday said it has appointed former HR head of Yatra.com Pragya Kumar as chief people officer. Kumar takes over from Ankur Agarwal, who was overseeing the function even as he led business at the company’s insurance unit.

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    16. This photo-tech startup aims to emulate the success of GIF inventor GIPHY

      This photo-tech startup aims to emulate the success of GIF inventor GIPHY

      There seems to be a strange connection between Chinese handset maker OnePlus and domestic experimental photography startup Movense. The OnePlus 2’s launch in virtual reality (VR) in 2015, arguably the first such event in the world, left engineering students Gaurav Vij and Himanshu Singla so inspired that they went on to float their VR-based venture Movense. This Thursday, the ‘flagship killer’ maker is scheduled to launch its OnePlus 5T smartphone, a more powerful variant of the OnePlus 5.

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      Mentions: Adobe Samsung Nasscom
    17. StartupXseed raises half of maiden fund’s target corpus, gets Canbank backing

      StartupXseed raises half of maiden fund’s target corpus, gets Canbank backing

      StartupXseed Ventures LLP, which manages seed-stage venture fund Aaruha Technology Fund, has raised half the target corpus of its Rs 100-crore fund following a commitment from Canbank Venture Capital Fund Ltd. Canbank Venture, a wholly-owned subsidiary of public sector lender Canara Bank, has committed 20%, or Rs 20 crore, towards the fund, said BV Naidu, the founder of StartupXseed, which expects to hit the final close in June 2018.

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    18. Freshworks’ Girish Mathrubootham, others invest in conferences startup Josh Talks

      Freshworks’ Girish Mathrubootham, others invest in conferences startup Josh Talks

      Josh Talks Pvt Ltd, a Gurgaon-based startup that organises conferences, has raised an undisclosed amount of funding from angel investors such as Girish Mathrubootham, founder of cloud-based customer engagement platform Freshworks; Apurva Chamaria, global brand director at IT services firm HCL; and Rohit Chanana, head of strategy and finance at scooter manufacturer Hero Corporation, a company statement said.

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    19. LinkedIn rolls out its Career Advice mentoring program to Us, Uk and India

      LinkedIn rolls out its Career Advice mentoring program to Us, Uk and India

      LinkedIn, the Microsoft-owned social platform for the working world with some 530 million members, has made a big push in the last couple of years to position itself not just as a place to look for new jobs and network, but as a place for professional development — including services for online learning; steady streams of news and other content to expand your knowledge; and most…

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    20. Healthcare social enterprise ElderAid secures angel funding

      Healthcare social enterprise ElderAid secures angel funding

      ElderAid Wellness Pvt. Ltd, a Bengaluru-based enterprise that provides at-home healthcare services and social care support for senior citizens, has raised an undisclosed amount of angel funding from Rugmini Menon, a Hong Kong-based entrepreneur. The startup will use the funds to bolster its operations in Bengaluru besides strengthening its critical customer management technology, marketing and brand building efforts, ElderAid said in a statement.

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    21. India Accelerator to invest $150K in 6 startups

      India Accelerator to invest $150K in 6 startups

      Gurgaon-based mentorship-driven incubator India Accelerator will make seed investment worth around $150,000 in six startups that operate across sectors such as fin-tech, artificial intelligence, transport and e-commerce, Each of the startups, which are selected from a list of close to 150 early-stage firms, will receive $20,000 to $25,000, India Accelerator said in a statement.

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      Mentions: ASL WAM Ashish Bhatia
    22. Infibeam’s profit doubles; revenue up by 72%

      Infibeam’s profit doubles; revenue up by 72%

      Infibeam Incorporation Ltd, the publicly-listed ecommerce firm which runs a clutch of businesses including online retail as well as builds and manages online stores for scores of merchants, reported a 72% rise in consolidated revenue at Rs 204.75 crore for the quarter ended 30 September against Rs 119.22 crore a year ago. Its profit more than doubled to Rs 28.9 crore in the latest quarter from Rs 13.63 crore.

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      Mentions: Infibeam SnapDeal
    23. New Facebook solutions to help businesses grow global

      New Facebook solutions to help businesses grow global

      The solutions will help businesses connect to the new mobile economy globally.

      Facebook has introduced four new cross-border solutions to help businesses connect to the new mobile economy globally, including in India. More than 1.2 billion people on Facebook are connected to a small business in another country, out of which over 250 million people are connected to a business in India.

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      Mentions: SMB Instagram
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