Weekly Wrap-Up: Flipkart Funding, OnePlus 2 Launch, Cheapest/Expensive Indian City, Uber Investment and More…


It’s Monday morning and time to do a quick wrap-up of posts published on trak.in last week. If you were offline for any reason, go ahead check this out

Weekly-Wrapup-New main

Indian couple Pranoti and Rishi Israni created an Automatic Rotimaker called Rotimatic which can make one roti a minute. They have now got funding for international expansion.

redBus, a leading name in bus ticket bookings in India has gone international. Ibibo Group, part of South African media company Naspers Ltd, that operates redBus.in has said that they have now made their first foray into international markets launching redBus services in Malaysia and Singapore.

A new report by New World Wealth and LIO Global declares India as the country which experienced 2nd highest migration of high net worth individuals to overseas, after China. In the last 14 years (from 2000 to 2014), 61,000 Indian millionaires have settled in other countries, which second only to China where 91,000 millionaires shifted base abroad.

Indian telecom market is right now in the midst of an intense fight between Reliance Jio and Airtel to roll out 4G services across the country. Both the telecom giants want the first movers advantage, and they both are leaving no stones unturned to ensure their own respective wins.

Government seems to have taken a note of website accessibility issues of differently abled citizens . In a unprecedented move, they have now decided that all Government websites will now become friendly to Differently-Abled citizens of India.

Flipkart has raised $700 million (approx 4,500 cr) from their existing investors at a valuation of $15 billion (around 96,000 Cr) according to a ET report. While Flipkart had raised 3 huge funding rounds in 2014, this is the first time they are doing so in year 2015.

Flipkart is currently testing their new service: f Qck, which will mark their entry into the red hot hyperlocal vertical within ecommerce niche. The deliveries with this service will be done in hours

Finally, the much awaited successor to the immensely popular value-for-money phone The OnePlus One, was launched as OnePlus 2. The OnePlus 2 is also a value-for-money phone but costs just marginally more than the original OnePlus One. The 16GB version of OnePlus 2 will cost Rs. 22,999 and 64GB version will come for Rs. 23,999 in India.

Make in India campaign received another major boost from Lava, an Indian mobile manufacturer. Pledging an investment of Rs 2615 crore in the next 7 years, Lava has shared that they will set up two more units in the country to scale up production to 18 million units per month.

While Flipkart’s decision to go app only has been severely criticized, Ola’s decision to go app-only may not raise too many eyebrows. In fact, if anything it is good thing for consumers as well as the company.

In a move that shows which direction Google is moving – Google+ will now be Unbundling Itself From Other Google Products, Including Youtube

In one of the biggest offline expansion ever performed by an Indian ecommerce portal, Flipkart has launched 20 ‘experience zones’ across 10 cities in India. These zones would enable their customers to ‘touch and feel’ the products after ordering them online.

HDFC Bank has come up with a unique solution for this problem: handheld ATM devices with biometric verification which can deliver all the services which are expected from a traditional ATM.

Google app just got an update! Now you can send your messages by saying “OK Google” on Android phone to your favorite messaging service like Whatsapp, Viber, WeChat, Telegram and others

In the last one year, automation has taken up jobs of more than 1,00,000 employees in Infosys, Wipro and TCS even as their size and operations increase, according to ET Analysis.

World’s largest software company has once again proved why they are the market leaders. In a scintillating display of marketing strategy, Microsoft has launched their newest version: Windows 10 as a free upgrade across 190 countries.

While the consumers aren’t ready to completely ditch their leather companion right now; mobile payment market worldwide is estimated to be worth $720 billion by the year 2017.

A seven-country survey of over 7,000 people about Smartphone habits by KRC Research has laid its verdict! It states that 35 percent of Indians would give up sex for their smartphones

According to Compass Research, Bangalore has been declared as the Startup capital of India. With 3100 to 4900 active startups, Bangalore has received $2.25 billion of Venture capital funds in 2014, thereby outranking every other metropolis in India.

With Citi MasterPass, the new Citibank-Mastercard digital wallet, customers can link their credit card or debit card to digital wallet for online transactions at over 100 online merchants in India

In a research conducted by Vserv, a smart data platform for mobile marketing and ecommerce, 6 major personas of Indian smartphone users were revealed. App Junkies, Social Stars, Conversationalists, Entertainment Buffs and Dabblers

According to survey by Expatistan, Chennai is the cheapest city in India, while Mumbai is the most expensive followed by Bangalore. Pune is the second cheapest Indian city

BCCI has awarded title sponsorship rights for every domestic and international cricket match being played in India till 2019 to One97 Communication, owners of Paytm. Their bid of Rs 203.28 crore, which was 42% higher than the base price of Rs 1.7 crore enabled them to race ahead other bidders and seal the deal.

The Telangana government has set out with a Digital Telangana aim – to provide Internet connectivity to all households in the state under its digital initiative, IT Secretary Jayesh Ranjan said

Around 400 delivery staff at Mumbai, who work for Flipkart and Myntra have revolted against the management, and stopped working. Due to this strike, atleast 5000 packages are left undelivered across various sections of the city.

Uber will invest an additional $1 billion (about Rs. 6400 Cr) in India in the next nine months as they say the India market is growing exponentially and is a global priority.

In this edition of Trak.in AppWire, we have feature some amazing Android and iOS apps like Younity, Instant Aadhaar Card, ClubHack Mag, Star Music Tag Editor and Finger Gesture Launcher!

And yet again, very unsurprisingly, the Tata group has retained its position of being India’s most valued brand by Brand Finance India 100 survey

Amazon is looking forward to initiate sales in ‘Refurbished’ territory for Samsung and Xiaomi Smartphones in India.

With a valuation of $51 billion after latest round of funding from Microsoft and Times Internet, 5 year old Uber has taken less time compared with Facebook to cross the magical figure of $50 billion.

Global management consultancy firms are now eyeing early stage Indian startups, and creating incubation programs to tap ‘em young and hoping to make a fortune the way Indian ecommerce poster boys Flipkart, PayTm and Snapdeal have done for their early stage promoters.

With 98 startup funding deals, July 2015 has become the biggest startup funding month in 2015.

Leave A Reply

Your email address will not be published.

who's online