Weekly Wrap-up: Oyo Café, Ola Funding, Cyber Crime Cost & More…


Here is a quick wrap-up of all the posts published on trak.in last week. If you were offline for any reason this is a great way to catch up with all the tech buzz in India over last seven days.

Weekly Wrap-up of Tech, Mobile & Startups

In a historical move, Income Tax Department of India has announced that a mobile app would be soon launched, for filing returns. While inaugurating ‘Taxpayers’ Lounge’ at the India International Trade Fair (IITF) in Delhi, Central Board of Direct Taxes (CBDT) Chairperson announced the same.

Snapdeal had held the Diwali Home Buying fest from November 3 to November 9 and according to reports, approximately 10,000 customers have shown interest and registered on the website to buy homes online.

It seems that not everyone is on the same page, when it comes to the recent, historical FDI reforms introduced by the Govt. Swadeshi Jagran Manch (SJM), an affiliate of Rashtriya Swayamsevak Sangh (RSS) has openly criticized the Govt. for easing FDI, and have expressed anguish over it’s implementation.

Oyo Rooms, now a leading a player in branded budget accommodation segment is also walking the same path and spreading its wings. They are set to launch new Food Tech venture Oyo Cafe as well as Housekeeping service called Oyo Care

The Modi Government is going all out to bring in massive reforms in various sectors including construction, industrialization and corporate. And once again, the Govt. has committed to the April, 2016 deadline for implementing the much awaited Goods and Services Bill (GST).

Dubbed as Snaptrends, this new service from Snapdeal has the ability to forecast fashion trends and provide assistance to the merchants, including small and medium sized apparel manufacturers and businesses.

Tonbo Imaging an Indian startup from Bangalore, which is a startup specializing in night-vision equipment has finally cracked the much coveted defence sector. Orders are pouring in from all over the globe as contracts worth Rs 331 crore are in the pipeline.

We are addicted to social media – In buses or on bus stops, offices, malls, movie theatres, flights we now find people tuned to their cell phones or laptops updating their status every moment or looking for something interesting. But is this addiction doing any good to any of us?

The founders of Pune based Tastykhana (which was acquired by Foodpanda) have launched a new Mobile app called SMINQ (See Me In No Queue), the app helps you save the long waiting times we frequently encounter.

Yu Televentures, an arm of parent company Micromax, that manufactures and sells Yu Branded smartphones has entered a strategic partnership with Reliance Retail with an aim to make YU devices available to customers offline.

Delhi Govt. has introduced Swachh Delhi App, which tracks the location of the photo, and alerts the concerned civic body about the garbage issue. This app was launched by Arvind Kejriwal, along with three mayors of the municipal corporations were present.

Ola, India’s largest car aggregator and rental app for personal transportation today announced that it has raised $500 million in its Series F Funding round. Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global and Didi Kuaidi participated in this round.

Baba Ramdev’s Patanjali brand has some big plans in the FMCG and ready to wear garments niche. As per reports coming in, Patanjali will soon launch their own line of yogawear, which will compete against global biggies such as Nike and Adidas.

Paytm, primarily a mobile payment services major seems to have had a Good Diwali. The Paytm Diwali sale, which was held between 3rd November and 5th November, generated revenues of Rs 300 Crores across all categories.

It seems Google wants more Indians to shift to their Apps and Cloud platforms. In a bid to attract Indian Business, Google last week announced two offers on their Google Apps and Google Cloud platforms

The first thing that is often in the minds of most startup entrepreneurs or even those with just a ‘bright idea’ is to find an investor who can fund their idea or startup. But if you look at it practically, when the idea is still raw and untested, it may be too soon to even think on those lines.

India will have 402 million Internet users by the end of December, 2015, thereby overtaking US in total Internet users. With 600 million+ users, China is the #1 country in Internet population. In US, 380-400 million people use Internet as of, which is almost 85% of their population.

Google has acknowledged the issue and has now launched offline Maps for India. This launch of a new version of Google Maps comes just a week after Google began letting its Maps users download and retain tub-by-turn navigation.

Ever since cash-less transactions was introduced, the payment gateway eco-system has been dominated by only two companies: Visa and Mastercard. However, with the emergence of India’s own RuPay, this dominance is all set to be crushed.

Anonymous, the online hacktivist group notorious for its successful cyber-attacks against various big players including the governments and intelligence agencies has declared war against the ISIS in the wake of recent terror attacks in Paris.

While the current status of Airtel Zero and Free Basics in India is not known, Airtel and Facebook have decided to spread it across African sub-continent. Earlier this week, Facebook announced the launch of Free Basics in 17 African countries with the help of Airtel to provide basic internet services for free.

The Gionee Elife E8 is the latest flagship offering by Gionee that was recently announced on June 2015. Fast-forwarding it to November, and we finally have the device in hand. Here is our detailed review of the Smartphone

Soon, you may be required to furnish a valid government photo Identity if you are looking to create a profile on a online matrimonial site. Government is taking these as they have been inundated with consumer complaints in regards to fake profiles, cheating and stalking cases.

After streamlining their operations, and quitting the commercial property space, short stays and land business, Housing.com is now ditching their core verticals: rentals and listing business as well.

World’s largest selling English language newspaper: Times of India, has unleashed a new trend in the news and media industry by forcing their journalists to become social. The management has linked the target variable pay (TVP) of their journalists and content developer’s salaries with the amount of social share they are performing.

Cyber related crimes play havoc with an average internet user; not only it induces financial loss, but it also triggers emotional loss. Norton Security, which is part of Symantec Corporation, has come out with a report which calculates the actual cost of cyber crime in India.

If you have already not, do check out our daily updated Startup Funding and Investment report. And while you are at it, do check out our Trak toons for some Monday morning laughs!

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