February 15, 2016

Tech

App Uninstalls And Retention : First 3-7 Days Matter

Editor
February 15, 2016

An average app’s usage retention drops to just 9% after 3 months, even if it still remains installed on 90% of devices. That usage retention rate drops even lower to just 3% for an average game, showing how challenging the app gaming market remains.

ProductGeeks

Standup Bot : Automate Your Standup Meetings In Slack.

Editor
February 15, 2016

Standup bot automates standup meetings in Slack.

Student Microlending Startup, Buddy Raises $500,000 In Pre-Series A Funding

Editor
February 15, 2016

The round was led by Blume Ventures, TracxnLabs and other Angels. Buddy enables college students to buy e-commerce products via short- and long-term payment plans, which they otherwise would be unable to purchase. The company was founded in 2015 and currently has presence across 100+ colleges in Bangalore.

Startup Roomlion Accuses AirBnb India Of Using Unethical Practices And Violating T&C

Editor
February 15, 2016

Airbnb’s revenue from their India business is likely to be a rounding-error in the revenue generated from their global business. So we figured that all the above issues are just teething problems that Airbnb would address before scaling in India.

Ratan Tata Invests In Retail Tech Startup SnapBizz

Editor
February 15, 2016

In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures. SnapBizz currently works across Mumbai, Pune, Delhi, Hyderabad, Chennai and Bangalore and aims to expand its footprint across other tier 1 and 2 cities.

Starting Today, You Can Book IRCTC E-Tickets Only Six Times A Month

Editor
February 15, 2016

As against the older system, where IRCTC website would allow passengers to book up to 10 e-tickets a month, from Monday passengers would be allowed a maximum of six tickets to be booked every month.This is done in order to prevent any touting activities and ease bookings for genuine users.

ProductGeeks

Tamara Shoes : DIY Fashion Sandals [Select A Model, Heel and color]

Editor
February 15, 2016

Women’s Customizable Fashion Sandals

Online Rental Marketplace, Rentsher Raises $300,000 In Seed Funding

Editor
February 15, 2016

RentSher is a marketplace for rental products with end to end services from choosing and booking the product online to delivery and pick-up. It is currently operational in Bangalore and Delhi. RentSher is founded by alumni of IIT Delhi and Oxford University – Abhijit Shaha, Harsh Dhand and Karandeep S Vohra.

Tech

Funding Bubble Bursting ? Few Survival Tips From Avnish Bajaj, Matrix

Editor
February 15, 2016

“Companies need to come out of the cash trough (reducing peak burn) and should be non-Marketing breakeven before they raise next round”

Snapdeal Raises $200 Million Led By Canadian Pension Fund

Editor
February 15, 2016

Delhi based e-commerce player Snapdeal has raised $200 million led by Canada’s Ontario Teachers’ Pension Plan. Iron Pillar and other investors also participated in the funding round. The company had earlier raised $500 million from Alibaba Group, Foxconn Technology Group and existing investor Softbank Group.

Mumbai Based Assanjobs Raises $5 Million In Series A Led By Aspada Advisors

Editor
February 15, 2016

The startup had earlier raised a seed funding of $1.5 million in January 2015. Aasaanjobs’ tech backed solutions speeds up the process of recruitment by connecting matched candidates to recruiters. The company operates a marketplace of recruiters who help in addressing the employer’s recruitment needs.