Category Archives: News

News

Food technology startup Zomato acquires Runnr

Zomato plans for a stiff competition to rivals Food technology startup Zomato acquires hyperlocal delivery startup Runnr. This is an attempt to strengthen its delivery business that currently faces stiff competition from its rival Swiggy. Zomato was founded in 2015 by former Ola executive Mohit Kumar. His co-founders were Arpit Dave, Vatsal Singhal, Aravind Reddy, Gnanesh…
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AI- Is it a bane or a boon for startups?

AI- Will it consume the market soon enough? As the wave of digitization surges high everywhere, we could have all our errands done in seconds. Artificial Intelligence(AI) seems to top the list. Other terms such as IoT, Robotics have also occupied the market. So the next time you require someone to design your package or…
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Amazon workers compete with robots

Amazon creates a Man Vs. Robot ratio Technological giant Amazon replaces human beings with robots for its work. Author of ‘Rise of the Robots’, Martin Ford says, “It’s certainly true that Amazon would not be able to operate at the costs they have and the costs they provide customers without this automation.” Here are some…
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SoftBank looks forward to raise more dollars

Another step ahead by SoftBank SoftBank announced that it is looking to raise new dollar and euro bonds with the Japanese telecoms. This move comes a day after SoftBank invested $250 million in Oyo, owned and operated by Gurgaon-based Oravel Stays Pvt. Ltd. SoftBank has been hitting the headlines with its $93 bn Saudi-backed Visio…
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Amazon.in opens its largest fulfilment centre in India

Amazon ramps up storage capacity Amazon on Thursday announced the expansion of its infrastructure footprint opening its largest fulfilment centre in India. The move is aimed to enhance customer experience just ahead of the festive season, according to a press statement. The centre covers over 400,000 square feet with close to 2.1 million cubic feet…
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Startups to enjoy 80 per cent rebate on patent fee

There’s good news for the startups. Read on! Both domestic and foreign startups could access the fast-track mechanism now for filing patents. This will drastically reduce the time taken to obtain these rights. The government has redefined the definition of startups to ensure them more benefits like lower fees under the latest patent framework. The…
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