Flipkart Founders Debut In Forbes India Rich List

Sachin and Binni Bansal were ranked 86th in the list.With a net worth of $18.9 billion, Mukesh Ambani was ahead of the likes of Sun Pharma’s Dilip Shanghvi and Wipro’s Azim Premji as the richest Indian for the 9th successive year. He retained the spot despite a loss of $4.7 billion in one year.

EasyFix Raises First Round Of Funding Led By Axilor Venture Capital

This new investment will be used to expand its geographical reach to 15 cities.Further, the company will concentrate on tech-enablement of its on-field professionals and improving services’ delivery TAT. Established in 2011, this Gurgaon based startup is a player in maintenance and repair service.

Facebook Integrates Oculus To Bring 360 Degree Videos In News Feed

To create 360 videos, a special set of cameras is used to record all 360 degrees of a scene simultaneously. This means that when the video is playing on Facebook, you can choose what angle you want to see it from.You’ll be able to hold up your phone and the 360 video will follow you as you turn.

Hackers make $5mn each from two Indian conglomerates!

After a botnet attack, two conglomerates paid $5mn to prevent from disclosing sensitive information to the Indian Government.The ransomware was made in the month of May and although the threat was not reported to the officials, the senior officials from Government’s  programme tracked the development.

SilverPush Raises $1.25mn Led By Japanese Fund M&S

SilverPush has raised a fresh round of $1.25 mn, making the total investment to $2.5mn. The funds will be used to launch its new product PRISM, which measures ad impact and reach, know how every brand’s TV ad was received by people on social media, and how their competitor ad is performing.

Ahead Of Eid, Goats Are Now Available On Quikr and Olx!

E-Commerce has become a large part of everyone’s lives these days and it seems that even the livestock suppliers are selling their animals for a good price online rather than doing it in a traditional market ahead of Eid. The sellers claim that it’s hassle free for both the parties involved.

India Ranks Second In e-Wallet Usage Among APAC Countries

A study conducted by ACI worldwide shows that 40% of Indian consumers surveyed used e-wallet services; while China ranks first with 70%. Consumers aged between 25-34 are increasingly using such services globally. 60% of Indian consumers surveyed agreed to using mobile or desktop to avail e-wallets.

Logistics Startup LogiNext Raises $10 Million From Paytm

Founded in 2014, analytics firm Loginext has raised $10 Million Series A round of funding from Paytm.The funds will be used  for customer acquisition, marketing, product development, and hiring. The company is currently serving 50 customers from the medium as well as large enterprises.