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Uber promotes Indian-origin Manik Gupta as Chief Product Officer
short by Krishna Veera Vanamali / on 16 Nov 2018,Friday
Uber has promoted its Vice President of Maps and Marketplace Manik Gupta as the new Chief Product Officer. After completing Bachelors in Computer Engineering from Singapore's Nanyang Technological University in 1999, Gupta co-founded a startup called 'BuyItTogether.com', which he later sold. Gupta received his MBA from ISB Hyderabad in 2008, and also worked on Google Maps for over 7 years.
short by Krishna Veera Vanamali / 06:49 pm on 16 Nov
Flipkart Group CEO post may be abolished after Binny Bansal's exit
short by Krishna Veera Vanamali / on 16 Nov 2018,Friday
Walmart-owned Flipkart may reportedly abolish the position of Group CEO and retain the new reporting structure put in place after Binny Bansal's exit. As per the new structure, PhonePe CEO Sameer Nigam will report to the board of Flipkart Group, like Flipkart CEO Kalyan Krishnamurthy. Flipkart is reportedly planning to spin-off group company PhonePe into an independent company.
short by Krishna Veera Vanamali / 07:12 pm on 16 Nov
SpaceX drops plan to upgrade Falcon 9 to Mars rocket version
short by Shifa Naseer / on 18 Nov 2018,Sunday
Elon Musk on Sunday said that his startup SpaceX has dropped plans to build a mini version of its Mars rocket 'BFR' by upgrading the second stage of its Falcon 9 rocket. Musk further said the rocket will get "minor tweaks to improve reliability only, provided NASA & USAF are supportive." SpaceX is working on "accelerating BFR instead", Musk added.
short by Shifa Naseer / 04:08 pm on 18 Nov
Device that can be kept in eyes to monitor sugar level made
short by Shifa Naseer / on 19 Nov 2018,Monday
Dutch startup NovioSense has developed a glucose monitor that can be placed in the lower eyelid to measure sugar level in tears. It works by tapping into "basal tears", or a continuous stream of tears that don't require stimulation. The spring-like coil can sit in the eyelid for long periods and won't be displaced even if users' rub their eyes.
short by Shifa Naseer / 06:43 pm on 19 Nov
Virgin Orbit flies plane with attached rocket for 1st time
short by Shifa Naseer / on 19 Nov 2018,Monday
Virgin Orbit has successfully flown its modified 'Cosmic Girl' plane with 'LauncherOne' rocket strapped to the bottom for the first time. The company claims that the rocket, which weighs around 25,800 kg, can travel at more than 20 times the speed of sound. The company hopes to use LauncherOne rocket to carry small craft into the Earth's orbit.
short by Shifa Naseer / 08:14 pm on 19 Nov
ByteDance's news aggregating app Toutiao announces new CEO
short by Sukriti Kapoor / on 18 Nov 2018,Sunday
TikTok owner ByteDance on Saturday appointed Chen Lin as the CEO of its news aggregating app Toutiao. An early employee of ByteDance, Lin earlier headed product management for the news app. Toutiao, which means 'headlines' in Chinese, was founded in 2012 and uses artificial intelligence-based algorithms to personalise news content for users by aggregating content from third-party providers.
short by Sukriti Kapoor / 08:27 pm on 18 Nov
I had a body age of 48 at 33: Former Foodpanda CEO
short by Mahi Chauhan / on 16 Nov 2018,Friday
Talking about health issues, former Foodpanda CEO Saurabh Kochhar has said, "I had a body age of 48 at my real age of 33." Adding that being health-conscious is a new concept to him, he said, "More than stress, it's the sedentary lifestyle that takes a toll on you." Kochhar also mentioned that he once gained 11 kilograms in college.
short by Mahi Chauhan / 04:53 pm on 16 Nov
Elon Musk launches first store to sell bricks made from dirt
short by Mahi Chauhan / on 18 Nov 2018,Sunday
Tunnelling startup The Boring Company's CEO Elon Musk has started a company called Brick Store to produce and sell bricks, as per public documents. The new company, which was founded in July, will be managed by former SpaceX engineer and Boring Company executive Steve Davis. The bricks will be made from soil displaced by the company’s tunnel-boring machines.
short by Mahi Chauhan / 10:01 am on 18 Nov
Home rental startup NestAway in talks to raise $100mn: Report
short by Shifa Naseer / on 19 Nov 2018,Monday
Bengaluru-based home rental startup NestAway is reportedly in talks to raise around $100 million in funding. NestAway may end up securing $150 million based on strong investor demand, reports added. Founded in 2015, the startup raised $51 million funding in March from Goldman Sachs and UC-RNT Fund, a joint venture between Ratan Tata's RNT Associates and the University of California.
short by Shifa Naseer / 05:07 pm on 19 Nov
Actor plays Jeff Bezos on comedy show to troll Trump on TV
short by Shifa Naseer / on 18 Nov 2018,Sunday
American comedy show 'Saturday Night Live' host Steve Carell played Amazon CEO Jeff Bezos in a spoof commercial to troll President Donald Trump. The commercial shows Carell as Bezos reminding people that he is "literally 100 times richer" than Trump. He also announced a drone delivery system, where each drone is outfitted with human hair similar to that of Trump.
short by Shifa Naseer / 10:05 pm on 18 Nov
US-based blockchain gaming startup raises $16 million
short by Mahi Chauhan / on 17 Nov 2018,Saturday
US-based blockchain gaming startup Mythical Games has raised $16 million in a Series A round of funding. The round saw participation from investors including investment bank Galaxy Digital's VC fund, Javelin Venture Partners and cryptocurrency exchange OKCoin. The startup, founded in 2018, plans to use the funds to develop PC, mobile and console games on blockchain platform.
short by Mahi Chauhan / 04:26 pm on 17 Nov
AI-enabled edtech startup Genius Corner raises ₹2 crore
short by Shifa Naseer / on 19 Nov 2018,Monday
Noida-based AI-enabled edtech startup Genius Corner has raised ₹2 crore funding from a clutch of angel investors, the startup said. The funding was raised from Ranbir Singh, Mahesh Mohta and Lakshmikantan Sundereswaran with participation from Dipak Varshney and Puneet Garg. Founded in 2010, Genius Corner provides personalised learning solutions to students using artificial intelligence.
short by Shifa Naseer / 07:41 pm on 19 Nov
Bengaluru health-tech startup HealthifyMe raises $6 million
short by Kanishka Pandey / on 17 Nov 2018,Saturday
Bengaluru-based digital health and fitness startup HealthifyMe has raised $6 million in its extended Series B round. The funding was a mix of both equity and debt with participation from Temasek-backed InnoVen Capital, Samsung NEXT among others. HealthifyMe, currently also in Singapore, plans to expand to international markets like Malaysia, Indonesia and the Middle East over the next six months.
short by Kanishka Pandey / 01:17 pm on 17 Nov
Musk's Boring Company breaks through other end of 1st tunnel
short by Mahi Chauhan / on 17 Nov 2018,Saturday
Elon Musk on Saturday shared a video of his tunnelling startup The Boring Company's digging machine breaking through the other end of its first high-speed transit tunnel under Hawthorne in the Los Angeles area. The trial tunnel will have a top speed of 250 kmph and will open on December 10, Musk had earlier said.
short by Mahi Chauhan / 06:15 pm on 17 Nov
SpaceX launches satellite on Falcon 9, 18th launch of 2018
short by Mahi Chauhan / on 16 Nov 2018,Friday
Elon Musk-led space exploration startup SpaceX has launched Qatar's Es’hail-2 telecommunications satellite aboard a Falcon 9 rocket, marking its 18th launch of the year. The Falcon 9 rocket lifted off from NASA’s Kennedy Space Center in Florida on Thursday. The satellite was deployed to a geostationary transfer orbit about 32 minutes after liftoff, the company said.
short by Mahi Chauhan / 07:45 pm on 16 Nov
Bill Gates-backed meat substitute startup files for IPO
short by Shifa Naseer / on 18 Nov 2018,Sunday
Microsoft Co-founder Bill Gates-backed meat substitute startup Beyond Meat has filed for a $100-million initial public offering (IPO). Goldman Sachs, JPMorgan and Credit Suisse Group AG are leading the offering. The US-based startup which was founded in 2009 focusses on frozen-chicken substitute and is known for its Beyond Burger, a 100% plant-based burger which is made to taste like meat.
short by Shifa Naseer / 05:11 pm on 18 Nov
Foreign firms find it easier to list in India: MakeMyTrip CEO
short by Shifa Naseer / on 18 Nov 2018,Sunday
Talking about the Indian startup ecosystem, MakeMyTrip CEO Deep Kalra has said, "Foreign companies find it easier to list in India than Indian startups." Adding that Indian startups would be best run by their founders, Kalra also said, "We need to pull the thread in 5-10 years, else all the startups will be ultimately handled by foreign companies."
short by Shifa Naseer / 06:08 pm on 18 Nov
Bengaluru's BigBasket in talks to raise $200 million
short by Kanishka Pandey / on 16 Nov 2018,Friday
Bengaluru-based online grocery delivery startup BigBasket is in early talks to raise $200 million over the next few months from existing and new investors. BigBasket had previously raised $300 million in Series E round led by Alibaba at a valuation of over $800 million in February. BigBasket was founded in 2011 and has raised over $885 million till date.
short by Kanishka Pandey / 04:20 pm on 16 Nov
Google's self-driving unit Waymo ahead of us: Volkswagen CEO
short by Shifa Naseer / on 18 Nov 2018,Sunday
Talking about the development of self-driving cars, Volkswagen CEO Herbert Diess has said, "We have to admit that Waymo, the Google business, is ahead of us, arguably by one or two years." Adding that the automaker is "determined to catch up", Diess further said, "The game is not yet lost. A lot depends also on regulation."
short by Shifa Naseer / 04:49 pm on 18 Nov
Flipkart appoints Smriti Singh as its new Chief HR Officer
short by Shifa Naseer / on 18 Nov 2018,Sunday
Flipkart has appointed Smriti Singh as its new Chief Human Resources Officer (CHRO), a position which has been vacant for the past 18 months. Singh is reportedly expected to join Flipkart in December, and will work closely with Flipkart CEO Kalyan Krishnamurthy. Previously, Singh was the Vice President and the HR head for Sony Pictures Networks India.
short by Shifa Naseer / 09:04 pm on 18 Nov
Airbnb records more than $1 billion revenue in third quarter
short by Shifa Naseer / on 18 Nov 2018,Sunday
Home rental startup Airbnb has said that it recorded "substantially more" than $1 billion in revenue in the third quarter of the financial year 2018. In 2017, the startup reportedly posted $100 million in profit on $2.6 billion in revenue. Further, Airbnb is on track to be profitable for the second straight year, according to reports.
short by Shifa Naseer / 11:01 pm on 18 Nov
Jabong to fire 200 more employees in next 3 months: Report
short by Shifa Naseer / on 19 Nov 2018,Monday
Flipkart-owned online fashion portal Jabong is reportedly planning to fire 200 more employees in next three months, after deciding to terminate around 250 employees as part of the restructuring at Flipkart. The company's employees are also reported to move to Bengaluru. Earlier, it was announced that Jabong would merge with Myntra which is another fashion portal owned by Flipkart.
short by Shifa Naseer / 04:16 pm on 19 Nov
Tesla bought trucking companies to speed up deliveries: Musk
short by Mahi Chauhan / on 16 Nov 2018,Friday
Tesla bought trucking companies and secured contracts with "major haulers" to speed up deliveries of its Model 3 vehicles and avoid "trucking shortage mistake of last quarter", the electric carmaker's CEO Elon Musk said on Thursday. Musk added that Model 3 vehicles ordered in the US by the end of this month will be delivered by December 31.
short by Mahi Chauhan / 04:38 pm on 16 Nov
Mumbai startup Biizlo raises ₹3.5 crore from Eagle Group
short by Mahi Chauhan / on 16 Nov 2018,Friday
Mumbai-based surveillance management startup Biizlo has raised around ₹3.5 crore in funding from Eagle group, a Mumbai-based security services provider. It plans to use the funds for operations, marketing and technology, Nishant Katyal, the startup's founding partner and CEO said. Founded in 2017, Biizlo offers residential communities a security surveillance system through mobile apps.
short by Mahi Chauhan / 07:33 pm on 16 Nov
US-based Airtable raises $100mn at $1.1 billion valuation
short by Mahi Chauhan / on 16 Nov 2018,Friday
US-based startup Airtable has raised $100 million in a Series C funding round at a valuation of $1.1 billion. The funding was led by Thrive Capital, Benchmark and Coatue Management. Founded by Howie Liu, Emmett Nicholas and Andrew Ofstad, the startup uses a simple interface built on spreadsheets to produce apps and other web-based experiences.
short by Mahi Chauhan / 05:03 pm on 16 Nov
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