January 13, 2016 - India's messenger app Hike gets backing from top Silicon Valley giants like Dropbox, WordPress, others

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Are our rituals and superstitions damaging us more than we realize? When scientist and Nobel laureate Venkatraman Ramakrishnan recently called the Indian Science Congress a circus, I was reminded of the recent beef controversy, the Ganpati drinking milk episode a few years back, how strongly many of my relatives believe in their horoscopes. Venkatraman says it is adoption of scientific thought that has propelled Western societies forward in the past couple of centuries and India needs to do the same if it wants to get ahead. Apparently, we waited for auspicious Tuesday to launch Mangalyaan. Well, we are a confused lot, aren't we? - Comment Digital India's messenger app Hike gets backing from top Silicon Valley giants like Dropbox, WordPress, others Hike competes with WhatsApp, WeChat, Line and other mobile messaging apps. Have a penchant for good content? Coming Soon This time it’s not personal!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Microsoft's 'White Space' project to bring free internet to India may have hit a roadblock REUTERS/Danish SiddiquiBhaskar Pramanik, Chairman, Microsoft India, speaks during an event in Mumbai, India, November 5, 2015.Microsoft's plan to bring the Digital Connectivity solutions provider for buildings iBus gets Rs 15 crore in Series A funding iBus Networks & Infrastructure Pvt Ltd, a startup that specialises in connectivity solutions inside buildings, has raised $2.2 million (Rs 15 crore) in series A funding from Enam’s Vallabh Bhanshali, N Squared Management LLC and other investors. Digital Online job referral startup Happy2Refer raises $250K in angel funding Mumbai based Ideas Unplugged Technologies Pvt Ltd, that operates Happy2Refer, an online job hiring platform with referral as its USP has raised $250,000 (about Rs 1.64 crore) from early-stage domestic investor networks Equity Crest, Vinners and Sparknext, along with a host of individual investors that also includes media and entertainment industry professional Sunil Lulla, it said on Tuesday. Digital Gurgaon-based e-commerce platform Shopclues raises $100 million; becomes a new Indian unicorn with $1.1 billion valuation Indian eCommerce marketplace, Shopclues has raised over $100 million in Series E round, led by GIC, the largest sovereign wealth fund of … Retail Shopclues Claims $1.1B Valuation After New Funding, Plans IPO Indian e-commerce company Shopclues has raised a Series E that the company claims boosts its valuation to $1.1 billion. The round was led by GIC, the.. Retail Flipkart's Bansals explain CEO swap to staffers Flipkart starts hunt for a new CEO for ekart, till then Binny Bansal to continue to head as the interim CEO Retail Amazon and Future Group partnership on rocks over funding of discounts Harminder Sahni, founder of retail consultancy Wazir Advisors, said the Amazon-Future Group deal was nothing more than a headline-grabbing proposition to begin with. Retail Small vendors flocking to smaller e-marketplaces like Askme.com; here's why This is not to say that these stores present a threat to the giants.But these do offer small and independent merchants like Jain a more accessible alternative. Telecom Facebook Sides With Telecom Operators, Supports Differential Pricing Of Data plans NEW DELHI -- Amid a debate over net neutrality principles, Facebook has become the only Internet firm to side with telecom operators over the issue of differential pricing of data services. The soc Telecom Reliance Jio to launch 4G handsets under brand name LYF Reliance Jio, the telecom arm of Reliance Industries, unveiled its low-cost mobile handset offering under the 'LYF' brand. Telecom Make in India: Over 80 Chinese handset ecosystem players to look at manufacturing options in India More than 80 mobile phone ecosystem players from China will look at manufacturing possibilities in India, giving a massive push to the government's 'Make in India' initiative. Telecom RIP Moto E, Lenovo says no small Moto phones in 2016 Lenovo recently announced that upcoming Motorola handsets will be branded as Moto by Lenovo. A Lenovo executive has now mentioned that Motorola handsets in Finance SBI chief identifies four change drivers in Indian banking system State Bank of India Chairperson Arundhati Bhattacharya on Tuesday said four drivers ar Finance ShopClues joins billion dollar club Fresh funding from GIC and investors Tiger Global, Nexus values e-commerce firm at over $1.1 billion Finance Oil slump nears $30 a barrel mark on unabated output Analysts from some major banks have cut their 2016 oil forecasts to as low as $10 per barrel Finance Indian economy: When good banking regulation is simply not enough The poor state of banking, particularly in the public sector, is casting its shadow on India’s financial institutions. Software Indian e-commerce startup Shopclues.com bags $1 billion valuation : Plans to go public next year Shopclues raises funds from Singapore's GIC, Tiger Global and Nexus Venture Partners Software More than 80 Chinese handset ecosystem players looking at manufacturing options in India More than 80 mobile phone ecosystem players from China will look at manufacturing possibilities in India, giving a massive push to the government's 'Make in India' initiative. Software Why visa fee hike is not a big concern for TCS? : More of a cost issue rather than revenue issue Tata Consultancy Services CEO and Managing Director N Chandrasekaran said the visa fee hike is more of a cost issue than a revenue issue. Software Hike Messenger raises funding from top Silicon Valley tech veterans Hike said that these tech veterans have invested in the company in their personal capacities and are playing advisors to it. Ecommerce New Flipkart's CEO restructures core unit, shuffles senior staff; Commerce platform to be organized into three product-oriented groups and an engg. division Flipkart’s retail and marketplace business, called the commerce platform will now be organized into three large product-oriented groups and an engineering division Ecommerce Shopclues at par with Snapdeal, Paytm with undisclosed funding led by Singapore's sovereign wealth fund GIC valuing company at Rs 7,300 crore ShopClues became the latest Indian ecommerce firm to enter the coveted billion dollar valuation club, snapping at the heels of Snapdeal and Paytm. Ecommerce Exempt start-ups from service tax, e-commerce from VAT: IAMAI Internet and mobile content service providers have sought exemption for startups from service tax for first three years. Franchise Franchisee Journey: From 11 years as a pharmacist to dry cleaning franchisee Krishna Gondi was always a fan of ZIPS Dry Cleaners. Now he owns one. Franchise Ensure that your franchise manager applies new skills learned in training HR Flipkart flips CEO post, Binny Bansal replaces Sachin Bansal Sachin Bansal will take on the role of executive chairman at Flipkart HR 10155 jobs offered, but thousands return unhappy As many as 10,165 candidates landed into a job during the state government organized job fair held at Sri Krishna Institutions here on Sunday. Besides jobs, 14,503 candidates were registered for skill development training and 938 people were registered for job opportunities abroad. HR India: Smart cities and smart talent India wants to remake 100 of its urban centres into smart cities, and it's going to both draw on and change the talent landscape in the process. HR Electrolux CEO Keith McLoughlin to step down McLoughlin, an American who took the helm at Electrolux five years ago, said in a statement he would return to his family in the United States. Logistics GST Bill: Congress slams Jaitley for 'blaming' party leadership The Congress said no “constructive engagement” can be achieved by “targeting, blaming and insulting” its leadership. Logistics Railways join hands with punlic sector to kickstart Station Redevelopment Scheme Manoj Sinha said that at least two stations Gomtinagar in Lucknow and Bhubaneshwar in Orissa were likely to be developed by Navratna PSU NBCC. Logistics GST likely to impact renewable energy sector: Ministry report The key factors resulting in an adverse impact on the cost of renewable energy are removal of exemption, increase in tax rates and removal of statutory norms. Logistics Airbus Group India hires Ashish Saraf as 'Make in India' officer, with a mandate to increase the industrial footprint here Saraf will drive Aribus’ existing manufacturing initiatives and conceive new ones with the aim to expand its local footprint Construction 10 cities to buy home in Rs 30-50 lakh range They are Hyderabad, Pune, Navi Mumbai, Jaipur, Surat, Ghaziabad, Nagpur, Kochi, Coimbatore and Ahmedabad. Construction NBCC's Anoop K Mittal Expects orderbook of Rs 40,000 crores by year-end "I expect 2016-17 to be a very good year for NBCC - not only when it comes to securing orders, but on the execution side also." Construction Andhra Capital to get Rs.7,500 crore loan from Hudco: Minister The minister said Andhra Pradesh was an ideal destination for investment due to its excellent connectivity, abundant mineral resources and great entre.. Construction Corporate realty market starts on a positive note Going forward the easing of investment restrictions will help in the monetisation of completed commercial assets, increasing liquidity for most development firms in the country Marketing 5 Major Indian Email Marketing Trending Data For 2016 : Report In 2016, India Marketers are expecting a considerable impact of Social Media on Email Marketing Campaigns, highlights the Octane Research - State of Online Marketing in India 2016   Marketing Is branded content the new 'holy grail' for marketers? : Report There has been a surge of 'branded content' films that are more content than brand. Is it a sound strategy or is it just about getting viral bragging rights? Marketing ShopClues raises $100 million : plans IPO in 2017 Online retailer ShopClues has raised an undisclosed amount of funding in its Series E round led by sovereign wealth fund GIC, and participation from existing investors Tiger Global and Nexus Venture Partners. The capital raised will be used to focus on building and rolling out new products to en Marketing Sulekha Aims To Fix The ‘Jugaad’ Culture, Hike Messenger Has Accused Facebook Of Blocking Ads Red Label’s new campaign questions discrimination against transgenders: The video conceptualised by Y-Films (a division of Yash Raj Films) highlights the discrimination and prejudice faced by… Politics The Focus on Religion in the 2011 Census Data Overshadows The Serious Impact of the Differential Growth of Hindi and Non-Hindi Regions On 27 December 2015, Union Minister and Bharatiya Janata Party leader Giriraj Singh called for curbing the “uncontrolled growth” of population through a uniform policy. Singh said that the time had come to redefine the meaning of “minority” in India, and once again drew attention to the religious data from the 2011 census. Since the… Politics Centre implementing Rs 1.65 lakh cr package for Bihar; will not renege on promise despite election debacle, says BJP In a bid to end uncertainty over the implementation of Rs 1.65 lakh crore package for Bihar, the Centre has said that it is being implemented as it is for the people of the state and not for any particular government. Politics PDP breaks silence, says going ahead with BJP to form J K govt Breaking its silence after the death of Mufti Mohammed Sayeed, PDP on Tuesday said it will go ahead and form the J&K government with its alliance partner BJP after Mehbooba Mufti comes out of mourning and is ready to take on her father's role as Chief Minister. Politics ‘Jaitley has no public reputation to protect’: Kejriwal lashes out after defamation suit In a stinging retort to the defamation case filed by Finance Minister Arun Jaitley, Delhi chief minister Arvind Kejriwal has said that he has no public 'reputation to protect. Sports India spin, Australia win as twin tons outweigh daddy one India's loss can’t be pinned on the spinners alone, as batsmen also need to gauge what constitutes a match-winning total. Sports India vs Australia, 1st ODI, stats: Rohit Sharma, Virat Kohli overtake Sachin Tendulkar in different records Rohit Sharma's tally of 37 sixes is a new Indian record against Australia, surpassing the 35 by Sachin Tendulkar. Sports Neymar: Messi from another planet Neymar thinks Barcelona team-mate Lionel Messi might be an extraterrestrial being after picking up a fifth Ballon d'Or Sports For Barinder Sran, Sirsa connects to Perth Haryana’s Panni Wala Morrika village basks in the success of its most famous son Barinder Sran in faraway Australia. Entertainment Om Puri excited about his first Pakistani film Indian veteran actor Om Puri says he "really enjoyed working" on his first Pakistani film "Actor In Law", which has an unusual script. Entertainment Sunny Deol goes back to his roots with ‘Ghayal Once Again’ Bollywood actor Sunny Deol says he made "Ghayal Once Again" as he wanted to entertain the audience with the kind of films he used to do earlier. Entertainment I drank to suffocate HIV anxiety: Charlie Sheen Actor Charlie Sheen says he took to drinking to "suffocate" his anxiety after he was diagnosed with HIV diagnosis. Entertainment Anurag Kashyap hopes Quentin Tarantino’s ‘The Hateful Eight’ releases uncut Filmmaker Anurag Kashyap says he is a fan of Hollywood director Quentin Tarantino and hopes that his latest release "The Hateful Eight" comes out without any cuts in India. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India