Bangalore-Based Chimple Wins $1 Million At Elon Musk’s Global Learning XPRIZE

Bangalore-Based Chimple Wins $1 Million At Elon Musk’s Global Learning XPRIZE

A little-known bootstrapped startup from Bangalore has just made a mighty splash on the world stage. Chimple, which uses technology to help young kids learn, has won a $1 million (Rs. 6.5 crore) for becoming one of the five finalists in the Global Learning XPRIZE. XPRIZE is a non-profit organization that aims to encourage technological development that could benefit humanity; the $15 million prize pool for its global learning competition was sponsored by Elon Musk. The XPRIZE…

Court Says Stayzilla Had Indeed Defaulted On Dues, Initiates Process To Sell Its Assets

Court Says Stayzilla Had Indeed Defaulted On Dues, Initiates Process To Sell Its Assets

Stayzilla’s remaining assets could soon be sold to pay off its creditors. The Chennai bench of the National Company Law Tribunal (NCLT) has approved insolvency proceedings against the homestay aggregator, which had run into trouble earlier this year. Jigsaw Solutions, an advertising agency, had filed a petition under the Insolvency and Bankruptcy Code (IBC) before NCLT on 7 September, claiming that Stayzilla had defaulted on dues amounting to Rs1.69 crore. The NCLT bench has now said that it…

Zomato Says It’s Now A Profitable Company

Zomato Says It’s Now A Profitable Company

It’s taken nine years, and Rs. 1,500 crore in investments, but Zomato says it’s finally reached an important milestone — the company is finally profitable. “Zomato is now a profitable company,” declared CEO Deepinder Goyal in a blogpost. “Yes, throughout the 24 countries where we operate, and across all our businesses, we are starting to make money. Our core advertising business in India, Southeast Asia, and the Middle East – the three key regions for us,…

Exclusive: Flipkart Is Offering A Discounted Hotstar Subscription To Take On Amazon Prime Video

Exclusive: Flipkart Is Offering A Discounted Hotstar Subscription To Take On Amazon Prime Video

Flipkart might’ve just found a way to nullify one of Amazon’s biggest advantages. Flipkart is now offering a discounted Hotstar subscription to its users through a new scheme that it calls Festive Pass. Arch-rival Amazon had launched its Amazon Video service last year, through which it offered its Prime subscribers a vast selection of movies, TV shows and original programming for Rs. 499 a year. Through the Festive Pass, Flipkart customers will be able to…

After 51 Failed Games, Rovio Created Angry Birds — Now It’s Going Public At A $1 Billion Valuation

After 51 Failed Games, Rovio Created Angry Birds — Now It’s Going Public At A $1 Billion Valuation

The birds might have been angry, but they’re also about to become very rich. Rovio, the company behind the smash hit game Angry Birds, has announced it’s going public. The company will list of Finland’s stock markets on 29th September, with an initial price at Euro 10.25-11.50 per share, it’ll command a total market cap of over $1 billion.   That’s a lot of money for a company that’s best known for building a game that…

Snapdeal Spent $2 Billion Trying To Be Flipkart, Now They’re Spending $500 Million To Be Us: Shopclues

Snapdeal Spent $2 Billion Trying To Be Flipkart, Now They’re Spending $500 Million To Be Us: Shopclues

It’s not only Snapdeal’s investors and employees who are skeptical of its turnaround plan — it’s now getting trolled by its competitors too. ShopClues cofounder Radhika Aggarwal has said that Snapdeal is trying to ape its business model, but is unlikely to succeed. “They spent over $2 billion trying to be Flipkart and now they are spending half a billion dollars trying to be like ShopClues. We will have to see where they land up,” she…

NIT Trichy’s Startup Weekend Begins On 15th September

NIT Trichy’s Startup Weekend Begins On 15th September

Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate entrepreneurs with over 35,00 past events in 150+ countries around the world. More than 200,000 people across the globe are SW alumni!  Startup Weekends are 54-hour events designed to provide superior experiential education for technical and non-technical entrepreneurs. Beginning with Friday night pitches and continuing through…

YepMe Employees Take Company To Court, Say Haven’t Received Salaries In Six Months

YepMe Employees Take Company To Court, Say Haven’t Received Salaries In Six Months

If the previous few years were the golden period for e-commerce in India, 2017 is turning out to be just the opposite. After Snapdeal had fired more than 500 employees earlier this year, YepMe’s employees have now alleged they haven’t been paid for six months. These employees have moved to the courts to get the company to pay their salaries. These employees had sent a legal notice to the company on August 28, giving them…

Facebook Really, Really Wants You To Use Messenger To Talk To Businesses

Facebook Really, Really Wants You To Use Messenger To Talk To Businesses

Facebook now isn’t even being subtle about its intentions to turn Messenger into a tool to let people communicate with businesses. A new Facebook update positions a “Businesses For You” section right into the chat bar on desktop. This follows a recent update in which people who own Facebook pages found the pages’ chat icons available right on top of the chat bar. The upshot of these two updates is that on Facebook’s chat bar,…

Amazon’s Controversial One-Click Patent Expires Today: This Is How It Changed E-commerce

Amazon’s Controversial One-Click Patent Expires Today: This Is How It Changed E-commerce

USPTO 5960411 might seem like an innocuous set of letters, but for twenty long years, they held the key to one of the most powerful technologies in e-commerce. In 1997, Amazon.com was still a small online retailer. These were the early days of the internet, and Amazon had been one of the pioneers, calling itself the earth’s largest bookstore. It had then filed for an unusual patent. Amazon said it had developed a means of enabling users…

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