Fresh funding of $15 Mn to Taskbucks India.

Taskbucks is android app developed in 2014 by Kumar Apurva and as of Nov'15 has over 5 million downloads on Google Play. Times Internet has now picked a majority stake in this mobile platform with a funnding of $15 million (approximately Rs. 100 crore).

Taskbucks has a unique business concept which rewards users (like you and me) for completing
small micro-tasks. The model helps brands and consumer companies offer tasks to consumers, who are rewarded for completing these micro tasks via the Taskbucks app, its as simple as that.
Eg. You download a new app via Taskbuck app, the app developer pays Taskbucks and Taskbucks in-turn shares you some money.

This money could be to a decent amount if you religiously complete small micro tasks on a daily basis. The earned money could be redeemed via online wallet, online shopping voucher or can be transferred to your bank account as well.

What's best in all the Taskbucks feature, is that.. You also get paid good if you refer a friend to Taskbucks, All you need is to have your friend use your referral code during registration.

So give it a try ( no harm in trying right ? ) Step to follow mentioned below.

1. Go to Google Play Store
2. Download and install the app on your smartphone via Google Play Store.
3. Use your mobile number to signup ( please do use my reference code ' K3B5RNQB ' during sign up :-) )

Once downloaded you will be provided with the micro-tasks on the Taskbucks app.
Enjoy and Happy Earning!!!.


Jugnoo raises $10 mn funding from Paytm

Jugnoo, an online aggregator for autorickshaw rides and a hyperlocal delivery platform has received fresh funding of $10 million from Paytm.

Jugnoo seems to be the next big thing after Ola and Flipkart. Jugnoo post acquiring Mumbai-based taxi aggregator BookMyCab in July'15 in a cash plus stock deal also announced successful acquisition of two more start-ups – Bistro Offers which is a Chandigarh based restaurant discovery app and Yelo a Bengaluru-based mobile only services marketplace.

Jugnoo is also in talks with Japan's SoftBank for possibly a bigger round of fund raise. Jugnoo is showing significant traction with 10,000 daily transactions already in less than a year under the suite of its three applications – Jugnoo Autos, Jugnoo Meals and Jugnoo Fatafat.

All Jugnoo apps available on iPhone App Store and also on Google Play Store. Try Jugnoo Now.

Alibaba buys Youtube of China

Chinese e-commerce gaint Alibaba that owns China's largest online marketplace and provides various B2B,C2C & B2C services has acquired Youku Tudao Inc. Youku is generally known as the Youtube of China.

Alibaba has agreed to pay Youku shareholders $27.6 per American Depository Share (ADS) in cash. Alibaba over the last year has made strategic investments in the company and currently owns approximately 18% of Youku Tudou's shares. The transaction to acquire Youku will cost the giant $3.5 billion net of its existing ownership stake.

Recently Alibaba made significant forays in professional content business with the recent acquisition of Alibaba Pictures and launch of Tmall Box Office (TBO). Both the companies share some of the technology. Buying the Youtube of China 'Youku' is in line with its future statergy.

Below are some other recent investments Alibaba did.

1. Guangzhou Evergrande Football Club, Investment: $192 million, Share: 50 percent
2. Tango Investment: $215 million Share: unknown
3. Singapore Post Ltd Investment: $249 million Share: 10.35 percent
4. Hundsun Technologies Inc Investment: $531.78 million Share: 20.6 percent
5. Intime Retail (Group) Co Ltd Investment: $692.2 million Share: 9.9 percent
6. China Vision Media Group Ltd Investment: $804 million Share: 59.32 percent
7. Wasu Media Holding Co Investment: $1.06 billion Share: 20 percent
8. AutoNavi Holdings Ltd Investment: $1.58 billion Share: 100 percent
9. UCWeb Inc Investment: Unknown Share: 100 percent.

Xiaomi to now provide insurance service in India

The Chinese smartphone major Xiaomi which has well penetrated in the Indian markets is now all set to launch an insurance cover for all its devices.

Its basically an insurance cover program which will cost as low as Rs.275 for the phones Redmi 2 and Redmi 2 Prime and goes up to Rs.499 for the tablets Mi 4i 16GB, Mi 4 16GB and Mi Pad.

This program is called 'Mi Protect'and covers accidental damages including water damage, extrusion, collision and drops. The service also provides a SIM misuse cover of upto Rs.3,000 and 'call to block your SIM' service cover aswell.

To avail the Mi Protect service, one can call toll free on 1800 407 333 333 or 1800 123 3330 or 0 8080 333 333, following which a team from Xiaomi will visit the address to verify the damage and to initiate the claim verification free repair process.

Vodafone hacked, 2000 customer bank details compromised

In a recent news reports, the telecom giant Vodafone confirms the news of cyber-attack on Vodafone.  With this the criminals now may have access to bank details and mobile phone numbers of 1,827 of its customers.   

The Vodafone spokesman said: "This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone” He also said "Vodafone's systems were not compromised or breached in any way."

While the company had initiated a detailed investigation, it is still unclear the group behind this attack. Vodafone also confirms that these compromised customers' accounts have been blocked and affected customers are being contacted directly to assist them with changing their account details.  

Vodafone said it had contacted the banks to alert them and also intends to contact all affected customers, adding that non-affected customers need not be concerned.

[Source: The Guardian

{Update : Days after the hack, seems the stolen bank details are already up for sale online, as reported by Dailymail UK }
Should Vodafone be penalized for this Negligence ?

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