Financial Assistance Program ‘CCAvenue Finance’ To Help Merchants And Consumers Secure Easy Loans

CCAvenue has launched ‘CCAvenue Finance’, a financial assistance program that connects their web merchants and CCAvenue Checkout consumers using their payment gateway platform with trusted lenders in the industry to help them secure easy loans.

To kick-start the ‘CCAvenue Finance’ initiative, CCAvenue has partnered with ‘Lendingkart’ to provide loans with a vision to enable every entrepreneur fulfill their business aspirations.

“CCAvenue has more than 1 lakh merchants on board and while working closely with them, we realized the issues they have been facing while raising capital to fuel growth in their businesses. At CCAvenue, our efforts have always been focused on helping our merchants scale up their business to the next level and ‘CCAvenue Finance’ goes a step further in strengthening this. With this initiative, SMEs and startups on our platform gain quick access to loans within minimum turn-around-time, with basic documentation and zero collaterals, thereby simplifying the entire capital fund gathering process,” said, Vishwas Patel, Chief Executive Officer, Avenues Group.

The eligibility criteria for merchants to avail this service will be clearly defined by the company along with the funding partners and customized financing options will be offered to them based on their business category and requirement, he added.

In addition to offering ‘Merchant Finance’, CCAvenue will soon be launching ‘Consumer Finance’ for CCAvenue Checkout customers. With this initiative, CCAvenue Checkout customers can apply for short term loans and within a couple of hours, the sanctioned loan amount will be available to them in their Checkout accounts. With the pre-sanctioned loan, CCAvenue Checkout customers will be able to get ready access to funds and complete transactions for online purchases in a jiffy by avoiding the hassle of the conventional multi-layered payment process.

Ad Guru Prahlad Kakkar Launches School Of Branding And Entrepreneurship

Ace ad filmmaker Prahlad Kakkar has launched ‘The Prahlad Kakar School of Branding & Entrepreneurship’ (PKSBE) in Mumbai in association with Whistling Woods International, a film, communication and media arts institute set up by filmmaker Subhash Ghai.

According to Kakkar, “PKSBE aims at creating a whole new breed of professionals, who are fearless at decision making.”

“Most potential entrepreneurs are risk averse because they are paralyzed not only by the fear of failing but also by the fear of fear itself. We have devised a curriculum where we subject our kids and future leaders to their greatest fears and help them to perform,” he added.

The school will operate under the umbrella of and in the campus of Whistling Woods International, where other courses include filmmaking, communication, media arts, fashion, and music.

PKSBE will offer two courses; Ad Film-Making and Branding (1 year), where students will have to work on at least 3 ad films before they complete the course and Fellowship in Business and Entrepreneurship (2 years), where students will be given access to venture capitalists to fund their ideas.

The students will have access to mentors and industry experts such as Piyush Pandey, Capt. Gopinath, Mahesh Murthy, Kiran Mazumdar Shaw, Gary Kirsten, Jaggi Vasudev, including Prahlad Kakkar and Subhash Ghai among others.

“We are extremely pleased to introduce Prahlad Kakar School of Branding and Entrepreneurship here at our campus. We are always seeking like-minded associations to enhance the training we can provide under the WWI umbrella. While under our existing schools we have courses teaching film, communication, media arts, fashion and music, PKSBE will cover another important aspect of the media and entertainment-based education. We are hoping the unique approach of Prahlad will help people to look at entrepreneurship and training with a brand new lens,” said Whistling Woods chairman and founder Subhash Ghai.

Both the courses are certificate courses, however, it is not recognized by any university or government education body.

Healthenablr Raises $800,000 In Seed Funding

Company Name : Healthenablr
Funding Amount : $800,000
Investor(s) :  Unnamed
Funding Round : Seed round


Healthcare services and technology startup Healthenablr, has raised USD $800,000 (Rs. 5.5 Cr) in seed round from a group of unnamed but significant names from Silicon Valley and Hong Kong.

The company plans on channelling this investment to further develop their patented EMR technology and consolidate sales efforts.

Founded by Bamasish Paul and Avishek Mukherjee, Healthenablr connects patients to doctors through their mobile and web application by booking an appointment or teleconference over a video call. It currently operates in Mumbai and Kolkata and plans to expand services to 8 cities, with a network of over 50,000 verified doctors by the end of 2016.

Avishek Mukherjee, CTO and co-founder said, “This funding has timed perfectly with a new release of our patented EMR software, that not only allows doctors to generate online invoices and prescriptions, but also enables them to keep track of their patient vitals, medications, follow up appointments etc.”

Bamasish Paul Healthenablr CEO and Co-founder said that the company’s efforts are currently concentrated on scaling up and bettering sales and delivery vertical as well as enhancing the technology behind the product.

Healthenablr’s other plans in the pipeline include tie-ups with hospitals and healthcare chains, remote patient management solutions and wearable healthcare and medical device integration.

Four Bangalore-Based Startups Get Selected By Airbus Bizlab For Accelerator Programme

Airbus Bizlab, a global network of accelerator facilities from aircraft manufacturing major Airbus has selected 10 startups from Hamburg, Germany and Bangalore for its six-month acceleration programme, it announced today.

These startups submitted their project proposals for the Airbus business accelerators in their latest calls and were selected from around 180 applicants in 36 countries.

The idea behind the programme for Airbus is to work with startups to tap new technologies and transform innovative ideas into business.

The four startups selected in Bangalore include Blue Morfo, which is developing a mobile application to detect and prevent specific corporate health related issues, like exposure of airline crew to jetlag, cabin pressurisation, etc.,

Shoonya Games is proposing interactive gaming solutions for training and marketing purposes through the use of Virtual Reality and 3D technologies embedded in a mobile device.

Open Turf’s project is about providing Wireless in-flight entertainment using passenger personal devices.

And Qualitas offers automated quality inspection systems for manufacturing, specializing in 2D and 3D machine vision.

According to Airbus, the programme “provides wide-ranging support for early-stage projects in the form of a six-month acceleration programme, through which entrepreneurs, start-up businesses and Airbus employee “intrapreneurs” are given access to a large number of coaches, experts and mentors across various domains – including technology, legal, finance, marketing and communications, easing prototyping and market access.”

The other startups selected are ZinkCloud from Spain, Jetlite, Synergeticon and Teraki from Germany, Velmenni from Estonia/India, and Nebaqua from Spain.

Ola Offers Benefits Of Up To Rs 1.5 lakh To It’s Driver Partners For Exchanging Diesel Cars With CNG

Ride hailing app- Ola, on Wednesday announced a five Day camp starting March 18 at Gurgaon- Ola Pragati Mahotsav, where it is inviting driver partners across Delhi NCR to come and avail benefits of up to Rs 150000 on exchange of existing Diesel vehicles for new CNG vehicles.

Ola has also offered to pay off first two EMIs for those who go for new CNG vehicles.

Ola, will also invest Rs 200 crore over the next six months to expand the fleet of CNG cars on its platform with over 5000 cabs in the Delhi-NCR region.

The Delhi High Court had on Tuesday directed Ola, Uber and the radio taxis’ association to give details, including registration numbers, of those cabs which they intend to phase out by March 31 as per the Supreme Court’s order.

In the meanwhile, Ola has tied up with car manufacturers like Hyundai, Nissan, Maruti, Chevrolet, etc and financial institutions including State Bank of India, IDBI, Shri Ram Finance amongst others to provide financial assistance and promote CNG vehicles.

“Driver partners can also benefit of free CNG Kits, free Car Insurance, free Vehicle Registration and a lot more at Ola Pragati Mahotsav. This is yet another initiative by Ola to promote adoption of CNG vehicles and encourage entrepreneurship amongst the cab driver community in Delhi NCR,” the statement said.

Qlivery Raises $230,000 From Hong Kong Based Swastika And Plans To Expand

Company Name : Qlivery
Funding Amount : $230,000
Investor(s) Swastika
Funding Round : Not Disclosed


Cross segment on-demand concierge service provider, Qlivery has raised $230,000 from Hong Kong based Swastika. Vaibhav Jain, Director at Swastika will occupy a seat in Board of Directors of parent company invexGO.

Gurgaon based Qlivery was co-founded by Chetan Agarwal, Karan Saharan, Shivangi Agarwal, Sonal Saraogi and Rohit Pansari.

qlivery

“Funds raised will be utilized to expand the team, geographical reach and add customers. The team believes technology and analytics is the heart of the business and thus substantial amount of current fundraise will be used to improve the technology stack, including implementation of Artificial Intelligence,” says Rohit Pansari.

Qlivery plans to expand services to the whole of Delhi NCR by April 2016, and to Bangalore, Pune, Hyderabad and Mumbai by end of 2016. To be able to do this, the team plans to hire 1500 people across various profiles by December 2016. The current team size stands at 62.

Personalised Fashion App WithMe Raises $250,000 in Angel Funding

Company Name : WithMe
Funding Amount : $250,000
Investor(s) Alex Kuruvilla. Pradeep Guha. Saket Dhankar.
Funding Round : Angel round


WithMe, the personalised fashion app that lets you style your look with advice from friends and fashion experts has raised $250,000 (Rs 1.7 crore) in angel funding from a group of investors including Alex Kuruvilla (MD, CondeNast), Pradeep Guha (former head, Zee Group and TOI) and Saket Dhankar (Head of Lakme Fashion Week).

Speaking to NextBigWhat, Ashutosh Pandey, co-founder of WithMe said, “the funds will be used to build a robust and intelligent fashion discovery platform, so users have a personalised fashion experience.”

Ashutosh dubbed the app as an ‘Instagram for fashion’ which works as a social network, a digital wardrobe and a trend discoverer all packed together. The app is built around fashion inspiration and ideas that will help people quickly decide on what to buy or what to wear.

“Questions like “Should I wear peplum to work?”, “Do bright red lips go with a blue Manish Malhotra anarkali?” or “Should I wear this LBD with this canary yellow jacket?” need quick answers that work and WithMe provides that making fashion fun, social and simpler,” explained Ashutosh.

WithMe was founded in 2015 by Ashutosh Pandey, Nithin Kaimal, Amit Gupta, and Shishir Maheshwari. The four co-founders have 10-15 years of experience each in starting, operating and investing in ventures. They’ve worked with McKinsey, IDFC PE, Tata Group, EVI and other startups.

Pandey is an engineer from HBTI Kanpur and an MBA from IIM Calcutta was CEO & founding member of Emergent Ventures India (EVI), a leading cleantech energy advisory firm. Nithin Kaimal is a Chartered Accountant and an MBA from IIM Calcutta. He worked with McKinsey for over five years. Amit Gupta is an MBA from XLRI. He has created two profitable multinational IT businesses and has been the key architect of complex multi-tech platforms over the last 12 years. He is the CTO of the company and Shishir Maheshwari, also MBA from XLRI has eight years of investment experience at IDFC PE.

A Shift Of Leadership At Times Internet; Satyan Gajwani Is Now MD While Gautam Sinha Is CEO

Times Internet announced that Satyan Gajwani, formerly CEO, will become Managing Director of Times Internet, and Gautam Sinha, formerly COO, would become CEO of Times Internet.

Vineet Jain, MD of Bennett Coleman and Company Limited, will also continue to serve as Chairman of Times Internet. The new appointments come into effect in April.

As a technologist and business leader, Gautam has more than 28 years of global experience in technology companies, and will bring his capabilities in execution to the new role.

For the past 8 years, Gautam has served as Chief Technology Officer and Chief Operating Officer. Before Times Internet, Gautam was a Silicon valley entrepreneur and executive.

On his appointment, Gautam Sinha said, “Digital news, entertainment, classifieds, and commerce are rapidly shaping the Indian consumer’s habits, and I am delighted to have the opportunity to spearhead an industry leader, with over 150 million highly engaged monthly users. Leading such a diverse portfolio in today’s dynamic environment is a mammoth task. Satyan has done a fantastic job creating a solid cultural foundation, vision and team, and I’m excited to continue to work alongside Satyan to deliver world class products and experiences.”

‘Chat And Pay’ From FreeCharge Enables Person-to-Merchant Interface For Digital Payments

Mobile commerce platform FreeCharge has introduced a new feature called ‘Chat and Pay’, which will enable Person-to-Person (P2P) and Person-to-Merchant (P2M) interfaces for Digital Payments.

FreeCharge says the service will help customers to chat and pay in a secure way to friends, family and merchants in less than 5 seconds. It will also enable merchants to accept digital payments in less than 1 minute after registering on the FreeCharge App.

Announcing the launch of the service, Govind Rajan, Chief Operating Officer, FreeCharge said “Our ambition at Freecharge is to create a Payment OS for a Digital India. Today, we have taken a bold step in achieving this goal. Payments are often social; they are in fact a very human interaction. Chat N Pay brings this human emotion to payments, making them deeply engaging. We are confident Chat N Pay will accelerate the adoption of digital payments”.

He further added that ‘Chat and Pay’  will make digital payments ubiquitous in the offline space. Merchants, Govind said, can start accepting digital payments by just downloading the app at Zero investment.

‘Chat and Pay’ will be available on Android and will be available on iOS and Windows over the next few weeks.

Lalu Prasad Yadav’s Facebook Account Has Been Hacked? Son Files FIR

RJD Chief and former Chief Minister of Bihar, Lalu Prasad Yadav, has fallen prey to cyber criminals, after his Facebook page was hacked and the cyber criminals also posted some offensive and obscene pictures on the page.

Deputy CM and Lalu’s son Tejaswi Yadav filed a police complaint with the secretariat police station and Police has already alerted its cyber team. In the meanwhile cyber security cell has closed his old account and a new Facebook account has been opened.

HDFC Launches Banking Solution ‘SmartUp’ For Startups

HDFC bank on Wednesday announced the launch of SmartUp- a first-of-its-kind banking solution to fulfill all banking needs of start-ups.

SmartUp was launched in association with Zone Startups India, a start-up accelerator in Mumbai. SmartUp is tailored to meet all the requirements of a start-up, offering banking and payment solutions, along with advisory and forex services.

“We believe start-ups in India need partners, who will be with them right from the start of their entrepreneurial journey, creating solutions that evolve as the company grows. This offering has been created after working with them to understand their requirements and will be available across India, even in tier 2 and 3 cities which emerging as startup hubs,” says Ms. Smita Bhagat, Branch Banking Head- North and Co-Head, eCommerce, HDFC Bank.

Some of the benefits of SmartUp current account for startups would include:

  • Waiver of AMB for the first six months and extendable to 12 months.
  • Salary Account for employees by waiving the minimum number of employees criteria.
  • PayZapp for Business – a payment and collection solution.
  • Dedicated Relationship Manager, Recommendation of a Chartered Accountant for Tax, Regulatory and Compliance issues.
  • Opportunity to showcase products on SmartBuy to 32 million HDFC Bank customers.

Bangalore Based Edtech Startup Avagmah Raises Funding

Company Name : Avagmah
Funding Amount : Undisclosed
Investor(s) Kris Gopalakrishnan, Atul Nishar
Funding Round : Not Disclosed


Edtech startup Avagmah has secured undisclosed investments from Kris Gopalakrishnan, co-founder and former CEO & MD of Infosys and Atul Nishar, founder of Hexaware and Aptech Computer Education.

In the last 18 months Avagmah has secured $5 million in investments. In the same time it has grown 8 times, and has become operationally profitable, claims the company.

Avagmah will use the latest investment on technology enhancement in acquiring new Indian university clients. It currently works with three universities that include Pondicherry University, Bharathidasan University and Los Angeles-based UCLA Extension.

Avagmah provides intuitive Avagmah Technology Platform (ATP) on a managed services model, assisting universities with digital marketing technology. It also provides application-based and web technology solutions for delivery of courses by universities.

Avagmah was founded in 2013 by Karthik KS, an NIT Kurukshetra alumnus.

Technology Recruitment Marketplace WorkIndia Raises Funding From BEENEXT

Company Name : WorkIndia
Funding Amount : Undisclosed
Investor(s) BEENEXT
Funding Round : Not Disclosed


WorkIndia, a technology recruitment marketplace has raised undisclosed funding from BEENEXT, a Singapore-based early stage technology fund.

WorkIndia has developed a geo-positioning based technology product for automating recruitment in the blue/grey segment.

The funds will be utilized towards enhancing the technology product for automating the employer-employee matching process.

According to the founders, “We are honored to have the able guidance of Teruhide and Dirk. We look forward to leveraging their past entrepreneurial and global experience in furthering our passion viz. the employment of every single candidate in the 237 million strong blue/grey employee segment of India.”

Amazon India Applies For Semi-Closed Wallet Licence To Keep Pace With Paytm, Oxigen

Just days after announcing their plans to launch its own digital wallet services in a bid to make its presence in the payments space , Amazon India has applied for a semi-closed wallet licence with the RBI. The license has been filed under Amazon Online Distribution Services (AODS), a subsidiary of Amazon Asia Pacific Resources.

Amazon is getting into the wallet segment for the first time by starting it in India, showing signs of prospering wallet industry in India. They are the one of the last entrants in this space as against their competitors.

As per RBI, a semi-closed wallet can be used to buy goods and services, including financial services, at clearly identified merchant locations or establishments, which have a specific contract with the issuer to accept the payment instruments.

If approved, Amazon will obtain licence and launch the wallet by middle of 2016. This effectively will place it parallel to current wallet players such as Paytm, Citrus pay and Flipkart money, who function on the semi-closed wallet system too.

High Court Fines UP Commercial Tax Dept Of Rs 2 Lakh For Wrongly Attaching Flipkart’s Bank Account

Amidst ongoing squabble between private e-commerce companies and state tax departments, the Allahabad high court bench, comprising Justice Tarun Agarwal and Justice VK Mishra, has imposed a fine of Rs 2 lakh on the Uttar Pradesh commercial tax department for wrongly attaching a bank account of Flipkart in a purported attempt at tax recovery.

The department had allegedly also withdrawn Rs 49.8 crore from the company’s account “without any authority of law”.

“The court gets an uncanny feeling that a deliberate attempt was made by the respondents to withdraw money from the petitioner’s bank account through dubious means, by passing ex-parte assessment orders and not allowing it to be served validly on the petitioner,” the court said.

The court, in its order, has directed the tax department to refund the amount to Flipkart along with interest.

The court condemned the act and observed that if the department continued to function in such a manner,  companies would find it difficult to operate in the state.

According to the petition, the commercial tax department had not issued any summons to Flipkart with regard to non-payment of funds. Though the company had shifted its office from Noida to Ghaziabad in 2013, tax department officials kept affixing notices on its old office building despite knowing that the address had changed.

Google Maps Will Now Show Cab Services On Android Devices

Now when you open Google Maps, it will show you a dedicated tab with information for cab services—in addition to the existing driving, public transport, or walking options you’re familiar with. You wll be able to compare all your commuting options right from within the Google Maps app.

google maps

From today, if you are looking for a cab service in major cities in India, you’ll be able to choose from Uber or Ola cab services. If you have a provider’s app installed, you’ll be able to see fare estimates and pick up times and if a car is available near you.

Uber users will be able to choose from the various services, while Ola customers can choose from their options.

Once the service is selected, it will direct you to the Uber or Ola app for you to request your ride with one tap.

The new feature will be available on Android devices and will be soon launched in iOS.