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  • Time to stop cash on delivery in India? Gym Trainer Kills Flipkart Delivery Boy For a smartphone!

  • Pooja Pandit
    Expert +
    04:26 pm 15 December 2016
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    A Flipkart delivery man was killed by a gym trainer to get hold of the smartphone parcel he ordered without paying money in Bengaluru, reported NDTV.  The 29-year-old man’s body, throat slit, was found in a life shaft. 

    “Varun Kumar, a 22-year-old gym trainer, has been arrested for murder.”
     

    According to the police, Swamy was brutally murdered as K Varun Kumar, a gym-trainer by profession, did not have the money to pay for a Chinese phone he had ordered.
     
     
     When swamy didn't return home for two days, his family filed a missing report, and the police tacked down his last delivery point – the gym.
    Following the murder of the employee, Flipkart r

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  • Delivery Hero acquires Foodpanda

  • Pooja Pandit
    Expert +
    07:12 pm 10 December 2016
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    Delivery Hero which is valued at $3.1 billion, aquired foodpanda. The acquisition of foodpanda will be funded through the issuance of new shares in Delivery Hero to existing foodpanda shareholders.

    Delivery Hero says foodpanda will enable it to consolidate its market leadership position in the Middle East.

    foodpanda will add 20 new countries in Eastern Europe, MENA and Asia to Delivery Hero’s platform. It currently processes approximately 2 million monthly orders across the 22 countries it operates in. 

    Delivery Hero competes with Deliveroo, Uber Eats and Amazon worldwide.

    Speaking over the addition of Foodpanda to their business, Niklas Östberg, CEO of Delivery Hero, says

    "Foodpanda has built a fantastic position and service offeri

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  • Apple acquires Hyderabad machine learning company Tuplejump

  • Shekhar Chs
    Expert +
    01:11 pm 23 September 2016
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    Apple is on a machine learning company buying spree. After buying Perceptio at the end of 2015 and Turi just a few months ago, Apple has now acquired an India/US-based machine learning team, Tuplejump.

     

    “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Apple spokesman Colin Johnson said.

     

    Artificial intelligence has become a key investment field for tech giants as Google, Facebook Inc. and Amazon.com Inc. compete with Apple to develop virtual assistants. The Tuplejump deal is Apple’s third acquisition in the industry this year, after the iPhone maker bought Seattle-based Turi Inc. for $200 million and purchased

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  • Pepperfry raises Rs 210 cr from NVP and others

  • Shekhar Chs
    Expert +
    11:02 am 21 September 2016
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    Online furniture and home decor marketplace Pepperfry has raised Rs 210 crore as part of a new round of funding from existing investors Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund. 

     

    The funds will mainly be used for expanding its horizon to 1000 cities by next 2 years. 

     

    Pepperfry was valued at over Rs 1,800 crore or $280 million when it raised $100 million in July 2015. Pepperfry, which clocked gross sales of Rs 1,0

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  • DoorMint's CEO Abhinav Agarwal's letter to his customers about shutting down

  • Pooja Pandit
    Expert +
    04:46 pm 20 September 2016
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    On-demand laundry services startup DoorMint has called it a day. The Mumbai-based startup — which began its journey from Powai and expanded to Gurgaon and Bengaluru to become a trustworthy name in the online laundry space — has succumbed to the financial pressures of processing clothes.

     

    In an email to DoorMint community, DoorMint Co-founder and Chief Executive Abhinav Agarwal wrote, “A truly scalable and profitable business model in laundry as an online-enabled business for mass consumption eluded us till the end. The costs of processing clothes, pick up and drop logistics and packaging made it difficult to recover through prices.”  

     

    “We are proud of what we have accom

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  • Couple socializing app Milofy rises Rs. 5 Cr from Accel Partners

  • Pooja Pandit
    Expert +
    11:45 am 20 September 2016
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    Milofy offers a social platform for enabling couples and activity providers to meet, plan and participate in activities. Milofy is currently operational in Newyork and Bangalore. 

     

    Milofy was founded in December 2015 by Arshya Lakshman, a graduate of University of Strathclyde, who had earlier worked with Kalaari Capital. 

     

    Milofy is an exclusive platform for couples to socialize with other like-minded couples, enjoy cool activities, and create memories for lifetime. It is conceptualized and created by an enthusiast and sociophile entrepreneur, who herself felt the need for such a platform after relocating to a new city when she needed cou

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  • Amazon India to invest in Swiggy?

  • Pooja Pandit
    Expert +
    01:18 pm 07 September 2016
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    Amazon India is considering an investment in online food delivery startup Swiggy and has held several rounds of discussions with the Bengaluru-based startup over the past three months.

    Swiggy, which has raised about $72 million so far, is yet to achieve break-even. It counts Accel Partners, Norwest Venture Partners and Bessemer Venture Partners as main investors.


    Swiggy is fulfilling close to 40,000 orders per day.  It competes with Zomato and Rocket Internet's Foodpanda. At its last round of funding in August, the company was valued at an estimated $190-200 million (Rs 1,300-1,350 crore).


    Founded by BITS-Pilani alumnus Sriharsha Majety, the CEO, along with Rahul Jaimini and Nandan Reddy, Swiggy is regarded as one of the stronger players in a market which

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  • 5 Management lessons from Krishna that every entrepreneur should learn!

  • Pooja Pandit
    Expert +
    04:37 pm 25 August 2016
  • Lord Krishna, whose birthday is celebrated today is the true spiritual guru that this universe has witnessed. He manages events and people in such a manner that the end result is eventually positive and leads to a greater good. Here are the top 5 management lessons that every entrepreneur should learn to lead a successful life.

    1. The Strategist
    In a careful reading of the major turning events in the whole narrative of Mahabharata, Krishna emerges as an eminent strategist. He keeps Draupadi’s frustration under check. He knows that Kauravas would never agree to let Pandavas have their share of the kingdom in a peaceful manner. Yet, he himself goes to plead their cause so that peace is given a last chance.
    As a smart strategist, he

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