Madhya Pradesh isn’t a name that immediately springs to mind when you think of locations for tech startups. India’s tech scene usually has engineering offices in the startup hubs of Bangalore or Delhi, and prefers keeping its backend offices in close vicinity. But Paytm, India’s payments and e-commerce giant, is venturing into uncharted territory by setting up a center in Jabalpur.
Hike messenger, India’s homegrown competitor to Whatspp, has touched an important milestone – it claims to touched have 100 million users. Started in December 2012, Hike has seen a steady growth in its users since its inception, though it saw stiff competition from Whatsapp among India’s user base.
Capgemini has appointed Srinivas Kandula as chief executive officer for India, replacing Aruna Jayanthi, who has moved to a global role within the group.
British bank Barclays Plc will shut its cash equities division in India. This is in line with a decision to exit this business across the Asian region. The move is expected to result in around two dozen job cuts.
For the thousands that mill around Mumbai Central waiting for their trains every day, there’s now a new distraction. Google’s much-anticipated Wifi service for Indian stations launches tomorrow at the station. Waiting commuters will now be able to access high-speed Google powered Wifi at the station premises.
Housing has raised Rs. 100 crore from Softbank in new round of funding. Softbank is already the largest investor in Housing and has a 33% stake in the company.
CREO, a Bangalore based Technology Company, has secured $3 Million funding from Sequoia India, Beenext Ventures and India Quotient.
Eight Indian startups are a part of Google’s first ever Launchpad Accelerator that began on Monday in Silicon Valley.
Housing.com has appointed Snehil Buxy as its Chief Product Officer. Buxy was a part of the original 12 member founding team of Housing. The 26 year old was also close to former CEO Rahul Yadav.