Snapdeal to start delivering Reliance Jio SIM to home

Riding on the free voice and data offers, Reliance Jio Infocomm's subscriber base is on a continious rise, infact there are reports stating it may touch 100 million subscriber base by March 2017. Launched in September'16, Jio was offering its customers free voice and data till December 31 2016, which it has now extended till March 31 2017.

What has also made a big difference is the ease of securing a Jio SIM card and getting it quickly activated, and this was very unlike from any other service provider.

In 2017, Reliance Jio is planning to take this service to the next level by making the Reliance Jio SIM delivered to your home. Infact, Snapdeal will soon start delivering Reliance Jio SIM cards to customers’ homes. The SIM cards delivered by Snapdeal will come with Jio’s Happy New Year Offer, under which the telecom service provider is offering free 4G data, voice calls, SMSes, and subscription to Jio apps for free till March 31.

The SIM card will be activated by Snapdeal. Those who opt for Snapdeal’s Jio SIM home delivery service will be sent an SMS with the scheduled delivery time and the promocode. They will have to share their Aadhaar number and the promocode received in the SMS with the Snapdeal delivery executive, who will activate their Reliance Jio SIM immediately. As simple as that. 

Indian Drone Startup ideaForge Raises $10M in Series A Funding

The Global drone market is all set to heat up, with companies like Facebook already planning to enter the drone market, even new companies are venturing in to this new segment. Xiaomi, the Chinese electronics company had recently released its product in the market under the Mi Drone brand.

India is taking a que from all this and some very positive developments has been reported recently. A Mumbai based startup ideaForge, which focuses on building drones has secured an amount of $10 million in Series A investment round from some of the top names like Infosys, WRV Capital and IndusAge Partners. Infosys has invested an undisclosed amount in the company, through its $500 million Innovation Fund.

ideaForge is a pioneer in research, development, production and operation of compact, cost effective and user friendly Unmanned Aerial Vehicles (UAVs) in India.

Ankit Mehta, co-founder and CEO at ideaForge, said that the backing from Infosys will help the company in playing an important role in its industrial expansion to address a wide variety of data acquisition and analysis needs. 

Now use Paytm without Internet

From the time the Indian Prime Minister Narendra Modi announced the demonetisation of the Rs. 500 and Rs. 1000 notes, various wallet companies has ramped up their infrastructure to meet the need of the hour. Various wallet companies and also Government's UPI were available to rescue the common man and help people go digital and cashless.

Paytm wallet is one such service which has become one of the most widely used wallets in India. Since Paytm can also be used to transfer money to the bank account, it quickly became the first choice of the people.

The company has also added thousands of merchants in the recent months which again is helping the cause to go digital. While the company focused to provide the service via its apps, it was also exploring on how to on-board people who do not regularly use internet on their mobiles. And now they have a solution.

Paytm has recently launched a new toll-free number that will enable feature phone and non-internet users to go cashless with Paytm. This move will offer millions of consumers and merchants across India access to mobile payments. They can now dial 1800 1800 1234 and pay any Paytm customer without an active internet connection.

This service is for existing Paytm Users. As a first step, Paytm customers and merchants must set their 4 Digit Paytm PIN on call. They can then enter the recipient’s mobile number, amount and their Paytm PIN to successfully transfer the money from their Paytm wallet to another Paytm wallet.

To initiate this service, You will have to call this Toll Free number 1800 1800 1234 from your mobile number registered with Paytm and set the 4 digit pin.

The Pirate Bay uploader gets jail time

A man named Wayne Evan from Everton has been jailed for a year for uploading the UK’s top 40
singles to various torrent sites, including The Pirate Bay, ExtraTorrent, and KickassTorrents each week.

In October 2016, the 39-year-old appeared before Liverpool Crown Court, pleading guilty to two counts of distributing an article infringing copyright and one of possessing or controlling an article for use in fraud.

Despite having no previous convictions, Evans was jailed for 12 months yesterday, a sentence the Judge believed would act as a “deterrent” to others.

The judge in his statement said "“Today’s sentencing will suggest to others that illegally distributing music is not without its consequences. Evans caused significant loss to the music industry, and his actions will have affected jobs across the music industry,” 

How to Transfer Money From Paytm to Bank Account

Lately Paytm has become one most widely used wallets in India. The company has added thousands of merchants to its platform within days of Prime Minister Narendra Modi’s announcement of scrapping Rs. 1000 and old Rs. 500 currency notes.

In order to transfer money from your Paytm wallet to a bank account, you need the name, account number, and IFSC code of the bank account holder. However, there is a Rs. 20,000 limit on transactions (Rs. 50,000 for merchants).

How to transfer money from Paytm to any bank account using Paytm app

1. Open the Paytm app on your smartphone and tap the Passbook icon
2. Here, select the Send Money to Bank option
3. Tap on Transfer
4. Enter the amount, account holder’s name, bank account number, and IFSC code
5. Hit the Send button



Transferring money from your Paytm Wallet to bank account will be free of charge till December 31 for merchants who have done KYC. To do a KYC find a Paytm KYC centre close to you, and provide the relevant RBI-approved documents (Aadhar card, passport, voted ID card, driving license, or NREGA job card). You can also type in your Aadhaar number, and then request a visit at your address. 

Demonetisation effecting ? Wallet Companies and Government's UPI to the rescue

The day after Prime Minister Narendra Modi announced the demonetisation of the Rs. 500 and Rs. 1000 notes, the newspapers had full page ads - including several before the first page of news - of the different mobile wallet companies.

Well thats also quite logical to happen, since Wallet Companies provides solution to the sudden cash crunch. Most of the the mobile wallets have been around for years so we now know its trustworthy.

Below is a quick summary on private mobile wallets and Governments UPI (Unified Payment Interface)

UPI : Unified Payment Interface is an initiative by National Payments Corporation of India’s (NPCI), set up with the support of the Reserve Bank of India and Indian Banks Association (IBA).

The way UPI works is a lot like using a mobile wallet - you create a virtual identity (which could be something like yourname@icici) using one of the many UPI apps, and link it to a working bank account.

Most banks have also enabled UPI functionality in their apps, so you could use the app you normally operate your account from and create a UPI id there. When you need to pay someone, just open the app, choose send money, and type in their virtual identity, and then the amount. you can also choose to collect funds on your virtual identity, where you can send a payment request to someone using only their virtual identity - the money is only transferred once the person paying accepts the request.

Mobile wallets : Companies such as Paytm have been in market for a few years now. This first-mover advantage helps consumer buy flight tickets, pay for Uber ride, or even shop via Flipkart or any other e-portals. Even a few domestic vendors and milk booths have subscribed to Paytm, which comes in handy for a lot of people right now. However, unlike UPI, these mobile wallets act as a middle ground between the bank and vendors like Uber.

So, you’ll have to keep refilling its coffer, via debit card or net banking, which isn’t always the safest way to go about. Also, your transactions are limited to Rs 10,000, and for anything beyond that, know your customer (KYC) documents are to be verified. 

Retrive any vehicles details from registration number

In India, the Regional Transport Authority (RTO) is an organisation of the Indian government responsible for maintaining the database of vehicles and drivers within various states of India.

With the RTO offices getting digitalised, various general information is now available on the network and can be accessed by any RTO official.

The RTO is now making this database available for common people. As of date one can send a simple text message and get the required information in a matter of minutes.

An alternative and easiest way is to use the official RTO app, which lets anyone instantly search a car’s details from their registration number.

The latest version of the app is called "Car Info Vehicle Registration” and it’s available on both Android play store and iOS app store. The app interface is quite straightforward, on the main page, one gets a single text box where you can type the vehicle registration number and in some time you can see the official data such as

- Owner's Name
- Registration Date
- Registration City
- Type
- Model
- Engine Number
- Chasis Number
- City and State
- Age

So now, You no more need to go to Regional Transport Office (RTO) to get these details for a car, bike, truck, taxi, scooter or any other Indian Vehicle, all you need is this free app on your mobile. A recently added feature also lets you know trending searches results to see that general people are searching.

So go ahead and download it. If you ever want to look up information about some vehicle parked outside your house for days, well now you have an easy way to do that. Below are the links of the "Car Info Vehicle Registration” app on Google Play Store and iOS store .

Google Home vs Amazon Echo

Google Home, a product that was released by Google is seen as a direct response to the Amazon Echo, a smart speaker that can respond to users’ questions and commands. This is a new category that Google is venturing in to. With Google Home, the search engine giant is targeting the reign of Amazon Echo, which has been around for the past year.

Amazon Echo has been around since 2014, and since then Amazon has captured a significant amount of consumer attention around virtual assistant devices. Now by also integrating with your phone Google Home can tell you about your morning commute and give you alternate routes.

Home can give you a daily briefing complete with highlights from your calendar.

Home can also search Google, so if you want to play a song but can't remember the name, Home can help. And, yes, it still has a contextual awareness.

The Indian angle. 

Amazon sells Echo at Rs 19,000 in the Indian market and Google has to come up with a pricing that overshadows the Amazon Echo. If Google manages to price the Google Home under Rs 15,000, we believe it would start a new trend of Wi-Fi enabled smart speakers in the country that can do a lot more than playing music wirelessly.

Overall we feel Google Home has an edge Amazon Echo for the following top reasons.

Xiaomi mobiles now available at Max discount ever

This is mind blowing, Xiaomi India is offering highest discounts and offers on all the Mi smartphones and accessories over different eCommerce sites like Flipkart, Amazon, Snapdeal, Paytm and Tata Cliq during the sale period on these sites.

Xiaomi will be offering coolest discounts during Snapdeal’s Unbox Diwali Sale between October 1 to October 6. This would one place to check out to get the best deal. Xiaomi on Snapdeal.

Amazon's Great Indian Shopping Festival will open on October 1 till October 5. Xiaomi is offering special discounts and offers on devices like the Redmi Note 3, Mi Max, Mi 10,000mAh Power Bank and Mi 20,000 mAh Power Bank. So check out Xiaomi on Amazon

Flipkart will start its annual Big Billion Days Sale from Oct 2 till October 6. Xiaomi will offer the Mi 4, Redmi Note 3, Mi 5, Mi Max, Redmi 3S and Redmi 3S Prime on discount on October 3. Check out Xiaomi on Flipkart

Flipkart Big Billion Days, Amazon Great Indian Sale, Snapdeal Unbox Diwali sale are bringing some of the best of best deals online for Indian consumer. So if you are wanting to buy the latest Xiaomi mobile, but it now, the right time.


In case you are looking for other products online, try using the oneclickcompare product search tool, which lets you search the same product at multiple sites a click of your mouse.

Amazon India launches the best of best deals

Amazon India is going all out to push its newly launched subscription service Prime to fuel sales in
India. The Seattle-based e-commerce major closes in on the leadership position of the Indian online retail market by bringing in some of the best discounts and deals possible.

In India, as consumer spending sentiments are usually stronger during this time of the year. Industry estimates suggest that Amazon is spending at least Rs 150 crore on various marketing initiatives to lure consumers on its offers.

All other the e-commerce sites have also started their unique advertisements campaigns to attract the customers. This time the competition is real tough but its consumer who would gets all the benefit and deals.

Do check out what Amazon has in stored as of date..- Its worth having a look :-)



Some recent Amazon Advertisements Campaigns.

Walmart could invests in Flipkart to compete Amazon

The cut-throat competition and depleting profitability is putting pressure on all major e-commerce players in India. With Amazon India slowly taking a lead over the Indian players, all these unicorns including Flipkart and Snapdeal are out in the market to raise fresh funds.

As per grapevines the U.S. retailer Walmart is looking to invest between $750 million to $1 billion in Flipkart. For Flipkart, which is currently valued around $11.5 billion, this would be a good support. If the two sides agree to join forces,

Wal-Mart could gain a better foothold in Asia’s third-largest economy. Having entered India seven years ago, Wal-Mart currently operates 21 wholesales stores in India, none of which are allowed to sell directly to consumers. Wal-Mart has 500 plus stores in China.

Wal-Mart agreed in June to take a 5 percent stake in China’s JD.com, giving the U.S. firm a ringside seat in JD.com’s bitter rivalry with Chinese e-commerce leader Alibaba Group Holding Ltd. 

New features on WhatsApp's latest release

The latest version release of WhatsApp has some real good features to offer. Here i have listed five of them.

1. WhatsApp for Android beta too is getting some additional features in its latest update. These includes stickers and ability to write on images like on Snapchat and Instagram.

2. You may soon have your text messages read out on WhatsApp . The Facebook-owned company appears to be testing the feature on iOS devices called 'Speak'. The 'Speak' option, which reads out
the text in the message aloud, appears with other options like Reply, Forward, Copy, Delete and Message

3. Recently, WhatsApp updated its privacy policy. As per the new policy, WhatsApp will start sharing users' phone numbers with its parent, allowing for, what the company claims, more relevant advertisements and friend recommendations on the social network.

The move is WhatsApp's first update to its privacy policy since it was acquired by Facebook in 2014.

4. There has been some enhancements to the app's camera flash as well, whenever a user takes a photo using the camera from within the WhatsApp app, he will see additional editing tools that will allow him to draw or scribble on top of the picture in different colours by selecting the pencil and 'T' icon.

5. WhatsApp also released the voicemail feature for its  iOS and Android users. The feature allows to send a voicemail to a WhatsApp contact if he/she fails to take the WhatsApp call for any reason. Once enabled, the feature will allow people to leaves voice messages.

Facebook funds an Indian mobile app startup

Raveendran Byju, founder of 'Byju' - an education mobile app was in for a big surprise when he heard about funding from facebook to his startup. Byju currently offers highly adaptive, engaging and effective learning programs for students between classes 6 to 12 along with competitive exams like JEE, IAS, NEET, CAT, GRE and GMAT.

On September 8, Mark Zuckerberg announced that his new Chan Zuckerberg Initiative would be investing $50 million in Byju. Byju claims that since its launch in 2015, students are 'addicted' to learning through the app.

This seems to be a moment to rejoices, after all, here is a Malayalam-medium schoolboy from a village called Azhikode, Kerela making his way into the big leagues.

With the funding coming in Byju now plans to take his app international and launch it in more English-speaking countries like the United States and The United Kingdom. 

What is Reliance JioFi device ?

Reliance recently launched its Jio service and also released with it a number of attractive data plans, these are very attractive plans mostly with free data, starting at just Rs. 149. However a big limitaion
here is, if your phone does not support 4G, you cannot make full use of Reliance Jio's network. Thats were JioFi come to your rescue.

The JioFi is like a personal hotspot, its a a small device that fits into your pocket and acts as a links between the 4G network and a local Wi-Fi network that it creates of its own, which your smart phones or laptop devices can connect to.

Since calling rates are already very cheap, its data and the speed of accessing internet the main reason most people are interested to get Jio right now. In fact its free, fast, and unlimited data for Jio

Reliance JioFi comes with a Reliance Jio SIM that, once activated, can be used to connect to the network and you can use the Jio Join app on your phone to place calls or send messages through the JioFi. This means that even if your phone does not support 4G, you can make full use of Reliance Jio's network thanks to the JioFi.


More details on the Offers and the Tech Specs - https://www.jio.com/preview/jiofi

How to move to Jio without changing mobile number

The Indian Department of Telecommunications (DoT) has already mandated all telecome network providers to allow nationwide Mobile Number Portability (MNP), which would allow users to keep their existing numbers while switching carriers despite relocation from one state to another. So this
ensures one can move to jio without changing your mobile number.

The current mobile number portability process is as below, this could be used to migrate current number to Jio's network.

Mobile users needs to send a text message to the current telecom operator requesting a port out. To do so, send PORT to 1900. Users will receive a Unique Porting Code from 1901, this code will be valid for next 15 days. During that time, the user can go to any Reliance Mobile Store or retailer and fill a Customer Application Form (CAF) and tick the port out request and fill the porting code.

In order to avail the 'Jio welcome offer', one must download MyJio app from the Play Store and generate the offer code before heading to the Reliance store.

It takes up to seven days to activate the Jio SIM card and a nominal fee of Rs. 19 will be charged to process the porting request. During the porting, your current number will remain inaccessible for about two hours (between 10 pm and 5 am).

The Unique Porting Code is valid for one-time use only and cannot be used again to return to the old carrier or another operator. MNP process on the new SIM will be blocked for at least 90 days.

How to get a Reliance Jio SIM card

With the Reliance Industries' chairman Mukesh Ambani announcing the launch of Reliance Jio services from 5th September, everyone has become more eager to try the service.

If you are still not aware of what Jio has to to offer, you care check out here for a brief summary details about Jio.

To get a Reliance Jio SIM card, consumer can directly head to local Reliance Digital/ Xpress outlets with Aadhar card, 2 passport size photos,  photo copies of valid proof of identity and residential address.

Users would then be required to choose the relevant plan and receive the receipts on their email IDs. The company would verify the applicant's details via a phone call.

As part of the introductory offer, all Jio users will get free data, voice, video and a bouquet of Jio applications and content till December 31, 2016. The telco is offering the bouquet (worth Rs 1,500) for free to all active Jio users till December 31, 2016.

Brief summary details about Jio

At the recently held annual general meeting, Reliance Industries' chairman Mukesh Ambani announced the launch of Reliance Jio services from 5th September.

Here are some highlights and  brief details about Jio.

1. All Jio users will get free data, voice, video and full bouquet of Jio applications and content till December 31, 2016.

2. Reliance is offering all Jio Apps worth Rs 1500 free to all Jio users till December 31, 2017.

3. The costliest plan offers 75GB of 4G usage at Rs 4,999, with unlimited 4G at night and 150GB Wi-Fi data.

4. Users can obtain the Reliance Jio SIM by visiting the Reliance Digital Xpress Store or a Reliance Digital Xpress mini Store. A valid photo ID along with couple of passport-size photographs would be required at the counter.

5. Users would then be required to choose the relevant plan and receive the receipts on their email IDs. The company would verify the applicant's details via a phone call.

Hope the info was useful, there are some more related articles which might be interest you, details are below.


Google's Free Wi-Fi now extended to 19 Indian railway stations.

Since launch, Google and Railtel have extended service to 19 cities as of date and Google claim that 1.5 million Indians have so far availed themselves of the service. Google plans to extend the service quickly to cover 100 of the busiest stations by the end of this year. The project will eventually cover 400 railway stations across India.

Google provides this service in collaboration with Railtel. Railtel is the PSU which owns a Pan-India optic fiber network exclusively on railway track. It has laid out over 45,000 kms of optic fibre networks across the country, which Google will utilise for its Wi-Fi. Railtel is the ISP, while Google will provide the Wireless Area Networks (WAN).

Here is the latest list of Google wifi stations.


The biggest impact of Google's Wi-Fi project seems to be in India's smaller towns and cities, where high-speed broadband access is still limited. Google says that Tier 2 cities like Bhubaneshwar and Visakhapatnam are seeing the highest adoption rates and the highest data consumption. On average, users in Tier 2 cities consume about 15 times their daily 3G consumption.

While Google declines to reveal the average speed of its Wi-Fi networks, it says that its aim is to ensure that every user has access to Internet that is fast enough to enable high definition video streaming.

Lately while everybody talking about data caps, throttling and net neutrality, it’s actually nice to see a company get excited about free Internet and high data consumption.

Xiaomi’s virtual reality soon to be a reality

Xiaomi, one of China’s largest tech corporations is getting ready to take the virtual reality world by storm as well. Xiaomi is currently working on a virtual reality headset which is compatible with Google’s Daydream platform.

Few months ago Xiaomi entered the lucrative drone market and unveiled the Mi Drone, costing $460 for 4K video or $380 for 1080p, and this time its the virtual reality.

Virtual reality has been the buzzword in the consumer tech industry over the past couple of years and a whole bunch of technology companies, ranging from established multinationals like Samsung, Sony and HTC to internet giants like Google and Facebook, have all invested heavily in VR over the past few years.

Xiaomi is known for aggressively using lower prices to its advantage and hopefully, its VR headset will follow a similar strategy. As usual, the headset is expected to debut in China first then roll out to other regions.

Will keep you posted on the progress Xiaomi VR..

Source : Gizmochina

Meet the dazzling flying machines of the future

Raffaello D’Andrea is a Canadian/Italian/Swiss engineer, artist, and entrepreneur. He is a professor of dynamic systems and control at ETH Zurich.
He founded a company called Amazon Robotics, which is a Massachusetts-based company that manufactures mobile robotic fulfillment systems.

Check out this amazing film, where Raffaello D'Andrea demos his flying quadcopters robots. These quadcopters that think like athletes, solving physical problems with algorithms that help them learn. In a series of nifty demos, D'Andrea show drones that play catch, balance and make decisions together.



Now the above film was of June 2013.. Below film is of 2016..

When you hear the word "drone," you probably think of something either very useful or very scary. But could they have aesthetic value? Autonomous systems expert Raffaello D'Andrea develops flying machines, and his latest projects are pushing the boundaries of autonomous flight — from a flying wing that can hover and recover from disturbance to an eight-propeller craft that's ambivalent to orientation ... to a swarm of tiny coordinated micro-quadcopters. Prepare to be dazzled by a dreamy, swirling array of flying machines as they dance like fireflies above the TED stage.


1.3 million Indian Android smartphones could be infected by Chinese Malware

In my recent article I wrote about ' how a smartphone can turnout to be a threat ' this was basis a published survey report by a reputed system security software maker, Norton. The report also goes to state that '50 percent of Indians simply granted access to their contacts and mobile data in exchange for free apps'.
Today, there was another news article on Engadget, stating 'Android malware from Chinese ad firm infects 10 million devices '. It also mentions 1.3 million infected users could be from India... This is terrifying..    The first thought that comes in our mind is, 'Is my smartphone compromised ?' well it could be..

Its difficult though to find out until you smartphone behaves different.. it could get slower, some apps may not be responsive, new apps automatically gets downloaded, etc.., the only thing that could help here is, if you have a strong up to date anti virus application on your smartphone and you periodically do scan and clean your smartphone.

What about precautions to avoid such a dangerous situation ?
Well, you need to be smarter, by not granting any unnecessary access while installing any app, this could come to you at a cost of not having that app itself. But its worth it, do not take a risk.
Apps are nothing but like computer software programs on your computer, ones installed, they can take control of your hardware and data on the hard disk. Not that all Apps are bad or has malware, but surely there are few which are quite attractive and free online.

Alternatively, one could use 'WebApps' which are not actually installed on your mobile but functions over your mobile browser. It does not need any access to your smartphone data or details and still use service of various mobile apps.
a good example could be - BOB WebApp, this is a Best Of Best service aggregator which links you to various service providers, be it online shopping or food ordering, be it mobile recharge, buying grocery or watching online news TV. It has it all and nothing to install. There are quite a few WebApps available online, but only the thing is, there are no online market place like Google Play. Once on the WebApp you can have your browser to have a shortcut icon button created on your smartphone home screen, this way the WebApp is always a click away.
Give it a try, i think this is a good one.. BOB WebApp

2nd Alternative, if you still want an app on your Android smartphone, which gives you services from various brands without downloading their specific app, then i would recommend to check out MyFavorites app, which is now available of Google Play. Its a kind of All in one must have app. This app too does not need or ask for additional access while installing it on your smartphone. Once installed, click to open it and use it.

Both the above alternatives also helps you save space on your smartphone. You don't have to download multiple apps, which save space and this in-turn does not slow down your smartphone. Less apps, Less RAM usage. So be secure, save space and speed up your smartphone by using the two alternatives mentioned above.

Could your smartphone actually be a threat ?

A recent Norton Mobile Survey shed light on the security gaps and the privacy risks smartphone and mobile applications (apps) present.

As per the survey, 50 percent of Indians granted access to contacts and mobile data in exchange for free apps and close to 40 percent have granted access to their camera.

A shocking 36 percent would either always grant permissions or simply don’t know enough about the kind of permissions they may have granted.

The Survey also says security issues causing the most concern for Indian mobile users were virus/malware attacks (34 per cent), threats involving fraudulent access or misuse of credit card or bank account details (21 per cent) and leaking of personal information (19 per cent).

Source : Times of India , The Hindu.

So how does one give access to private data ?
This happens when one installs an app from the play store, a screen will tell you what the app will access. That may include your location, network communication, personal info, storage, phone calls, and your accounts.

How can one check on the apps already installed ?
you can review the access of your installed apps on the Manage Applications screen. On most Android devices, simply pull up the menu, tap Settings, and select Applications. Select an app from the list then scroll down to see the Permissions section. Anything that appears out-of-the-ordinary—like a wallpaper app that has access to your contacts, should be removed immediately.

How big is Apple really ?

The two Steves - Jobs and Wozniak - may have been Apple's most visible founders, but were it not for their friend Ronald Wayne there might be no iPhone, iPad or iMac today. The three men incorporated Apple Computer on April 1, 1976.

However, Wayne backed out 12 days later, selling for just $500 a holding that today would be worth $72bn.

The first product the company sold was just a computer kit, Apple I, which came with a motherboard, CPU and RAM. In 2009 Apple brought in $42.91 billion in revenue.At the end of May 2010, Apple's market capitalization was measured at $222.12 billion.

This video below could amaze you and you would be pleasantly surprised to more about Apple. The video takes you through the journey of Apple and also about the company as a whole and of course about Mr. Jobs.

How did Nokia Fall ? the reality

Nokia was once a dominant force in the wireless world, one of the strongest companies in the world. In 2008, Nokia was said to have one of the most valuable brands in the world.

However in September 2013, Microsoft's acquired Nokia for $7.5 billion. This acquisition is a sobering reminder that even the strongest companies can fall. What actually happened to Nokia ??

How did a global brand fall ? Did Apple and Android crushed it? or are there other mysterious reasons for that failure ?

After all, Nokia had been a surprisingly adaptive company, moving in and out of many different businesses.

Here's a story Nokia, from market domination to sell-off in less than 10 years. A video created by ColdfusTion.

Part 1 of 3 - The Rise and Fall of Nokia

Part 2 of 3 - The Rise and Fall of Nokia

Part 3 of 3 - The Rise and Fall of Nokia


Hope you liked these videos, pls do share.  

Some unknown facts about Samsung company

We continue to share you latest trending news updates from various Tech companies like Google, Apple, Samsung etc., thought of sharing some unknown facts about Samsung here.

Here are some to start with.. and also do check out the video at the bottom to be surprised and amazed with more fact on Samsung.

1. Samsung accounts for 17 percent of Korea's Gross Domestic Product

2. Samsung Electronics has 370,000 employees worldwide. (Apple has 80,000. Microsoft has 97,106. GE has 305,000.)

3. Samsung spent over $4 billion in advertising last year, plus an additional $5 billion in marketing. Its ad budget dwarfs everyone else.

4. Samsung Electronics' profit last quarter was $8.27 billion, much of it from smartphones. For comparison, Google's operating profit last quarter was $3.4 billion
5. Samsung shipped 215.8 million smartphones last year, which is more than the next three smartphone sellers COMBINED

Xiaomi could dominate the drone market soon.

In recent years Xiaomi, the Chinese electronics company had rocked the smartphone market and became the world's 5th largest smartphone maker in 2015.
This goes to show, the company's potential to develop, adopt and deliver high-quality products. Xiaomi has now ventured into a whole new segment recently, the private drone market.

Xiaomi unveiled the Mi Drone, costing $460 for 4K video or $380 for 1080p.

Xiaomi's Mi Drone is a quadcopter with a 3-axis gimbal, 4K camera, and a remote control that uses your Mi smartphone as its viewfinder. The Mi Drone uses both GPS and GLONASS for positioning and has a visual positioning system on the bottom that allows it to remain stable while flying at low altitudes in environments where it cannot get a satellite signal.


Twitter moves away from 140 characters limitation

Twitter recently made a major enhancement to their service, it announced that it will move away from strict adherence to the rule that tweets can only contain 140 characters. Tweets will no longer count
media attachments and @names in replies toward your 140 allowed characters.

However, links will still be counted. “One of the biggest priorities for this year is to refine our product and make it simpler,” said Jack Dorsey, Twitter CEO and co-founder, in a statement. “We’re focused on making Twitter a whole lot easier and faster. This is what Twitter is great at — what’s happening now, live conversation and the simplicity that we started the service with.”

Twitter did not give an exact timeframe for when the changes would go live, beyond “the coming months.”

Here is a quick list of vocabulary and terminology used on twiter.

1. Tweet: A 140-character message. (now with no 140 restrictions..)

2. Retweet (RT): Re-sharing or giving credit to someone else's tweet.

3. Feed: The stream of tweets you see on your homepage. It's comprised of updates from users you follow.

4. Handle: Your username.

5. Mention (@): A way to reference another user by his username in a tweet (e.g. @mashable). Users are notified when @mentioned. It's a way to conduct discussions with other users in a public realm.

6. Hashtag (#): A way to denote a topic of conversation or participate in a larger linked discussion (e.g. #ModiIdol, #NAMO). A hashtag is a discovery tool that allows others to find your tweets, based on topics. You can also click on a hashtag to see all the tweets that mention it in real time — even from people you don't follow.

AlphaGo and the future of Artificial Intelligence

Google DeepMind recently launched its showcase Artificial Intelligence (AI) platform named AlphaGo.

It is designed to play the ancient Chinese game ‘Go’. AlphaGo beat world champion Lee Sedol 4-1 in the five-game match, reshaping our perceptions of artificial intelligence.

So what is so different about AlphaGo ? Well its is a Self Learning A.I.

Play the below video to understand Google Deepmind and AlphaGo in detail



More on this topics:

Google Deepmind AlhaGo official website - Click here
AlphaGo defeats top-ranked Lee Se-dol in historic go match - Click here
Five lessons from AlphaGo's historic victory - Click here
After AlphaGo, what's next for AI? - Click here

Do share this article if you find it informative and useful.  

Reliance enters the Indian digital wallet market with JioMoney

Reliance recently launched its digital wallet offering to an already saturated market of digital wallets. The service is called JioMoney and it can be already used in all of Reliance’s own retail businesses, like Reliance Digital, Reliance Fresh etc.

As per Reliance announcement they have already partnered with nearly 50,000 merchants to accept JioMoney and believes this to be the wallet for the masses.
Just like the other digital wallet, JioMoney can be used to pay bills, recharge DTH, mobiles and a large number of online shopping websites, including Reliance’s own fashion website AJIO.com.

JioMoney can be downloaded from Google Play Store or Apple Appstore on to your smartphone and just like any other digital wallet. JioMoney users also can be able to transfer money from one wallet to another for free, just like a bank transfer. However for a wallet-to-bank transfer, a fees of upto 2.5% is applicable.

JioMoney will now compete with some very well settled players like Paytm, Freecharge and Oxigen wallets who are already growing at a exponential rate and have been in the industry for very long.

To be very honest, I believe JioMoney is quite late to enter this market and really has to bring something very unique to its customers to stay ahead of the competition.

You can download the JioMoney via Google Play-store or via Apple app-store
Technology News Update - 9th April 2016

Technology News Update - 9th April 2016

Senco Gold Ltd. Partners With Flipkart; To Sell Jewellery Online

 

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08 April 2016, India :

One of India's finest jewellers Senco Gold & Diamonds has tied up with etailer Flipkart to sell a wide variety of light-weight, gold and diamond jewellery priced between Rs 7,000 and Rs 1,50,000.

"Gradually, customers are getting more acquainted to online shopping. Ecommerce sites have made it easier for shoppers to select from the varieties available," said Suvankar Sen, executive director of Senco Gold & Diamonds. "Customers have the preference to shop from anywhere and need not visit the store physically to purchase the product of their choice. Hence, we took the decision of joining hands with Flipkart to reach out to all the segment of customers."

0357Premjit Sengupta, chief marketing officer at Senco, said, "Tying up with etailers like Flipkart not only provides us with a virtual showroom, which is almost equivalent to another store for us, but also help us reach consumers in places where we don't have a store."
Rishi Vasudev, vice-president for fashion at Flipkart,
said,"With Indians increasingly browsing and shopping for precious jewellery online, this has emerged as one of the fastest growing category on Flipkart. This exclusive partnership with Senco Gold & Diamonds will offer shoppers a wider portfolio of well-crafted jewellery to shop from. Known for purity, intricate designs and craftsmanship, we are confident that this range from Senco will be a hit among customers."

Source : ET

Image : Senco

Whatsapp's Encryption Move Might Make It An Illegal App India


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8 April, 2016, New Delhi: Following the trail of FBI and Apple's encryption case, Whatsapp made an announcement recently that it will encrypt chats and calls of its one billion customers across the globe. This move of the messaging app might make it an illegal application in India.

In India, according to the 2007 rule issued by the Department of Telecommunication, private companies can use encryption upto 40-bits and if they want to go beyond the set limit, they need to seek permission from the government. In case of Whatsapp, it encrypts the messages using a 256-bit key which is way higher than the set limit.

Brain Acton and Jan Koum, Founders, Whatsapp jointly said, "No one can see inside that message. Not cybercriminals. Not hackers. Not oppressive regimes. Not even us. End-to-end encryption helps make communication via WhatsApp private – sort of like a face-to-face conversation."

To seek the permission from the Indian government for using higher keys, the party needs to submit the decryption keys to the government. WhatsApp says it doesn't have the capability because the encryption has been implemented without WhatsApp possessing these keys and even it can't check what users are communicating over its platform.

However, till now, the government has not made any statement over the Whatsapp's decision but might take some action later, if the officials want.

Also Read-

Whatsapp To Encrypt All Its Users' Communication

Till Now, $2.3 Billion Has Been Taken Away By Fraudsters By Tricking Company's Staff


Till Now, $2.3 Billion Has Been Taken Away By Fraudsters By Tricking Company's Staff


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8 April, 2016, USA: Technology is advancing and so does the modes of crime, in today's world when technology claims that its security cannot be breached, here comes the crime which put a big question mark on the claims. According to the US Federal Bureau of Investigation's report, businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals.

In cybercrime world such crimes are marked with a terminology called 'business email compromise' and till now, these scams have generated losses of around US $2.3 million (October 2013 to February 2016). The cases involved some 17,642 businesses of all sizes scattered across at least 79 countries, according to the FBI alert posted on the website of the agency's Phoenix bureau.

Despite of continuous warning by law enforcement and cyber security experts, fraudsters still managed to pull a perfect business email compromise by tricking the company. Cyber security experts say they expect losses to grow as the high profits will attract more criminals. "It's a low-risk, high-reward crime. It's going to continue to get worse before it gets better," said Tom Brown, a former federal prosecutor in Manhattan.

Image- independentnig.com

Also Read-

Now Doordarshan Enters Into The World Of Smartphone; Will Offer DD Channels Without Internet

Tesla Model 3 Zooms The Market; Orders Hit The $3 Billion Mark

The post Till Now, $2.3 Billion Has Been Taken Away By Fraudsters By Tricking Company's Staff appeared first on TechStory.

Now Doordarshan Enters Into The World Of Smartphone; Will Offer DD Channels Without Internet

Posted: 08 Apr 2016 04:47 AM PDT

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8 April, 2016, New Delhi: India's first television channel has entered into the world of smartphones. Public broadcasted has unleashed its free offline service which will enable the users to access DD channels even without internet.

DD revealed the information in statement and stated that the Digital Terrestrial Television services of Doordarshan is available since February 25 in 16 cities including the four metros. The services are available in Delhi, Mumbai, Chennai, Guwahati, Patna, Ranchi, Cuttack, Lucknow, Jalandhar, Raipur, Indore, Aurangabad, Bhopal, Bangalore, and Ahmedabad.

India's smartphone market is booming right now and it has almost crossed 220 million users mark. This makes India the second largest smartphone market in the world, as per the report by Counterpoint Research. DD's move can really take its competitors for a big roller coaster ride as the national broadcaster has a wide reach compared to others. Indian digital entertainment segment is already being crowded by companies such as Spuul, Hotstar, YuppTV and with the bigger giants like Netflix also hopped in to explore the segment, DD's offline card could prove to be a game changer.

The broadcaster further stated that Prasar Bharati has created 20 free-to-air channels that can be accessed by users even without internet. DD believes that most of the companies of this segment are offering their service in online mode so, being a national broadcaster; it initiated its step to render similar services in an offline mode as most of the users in India still don't have internet facility.  In order to avail DD's service, user need to download the app called Tv-On-Go  from Google Play.

Also Read-

Next Orbit Ventures invests 115 crores in Infibeam's IPO

Petoo Acquires $1 Million Funding From Axilor Ventures And Others

The post Now Doordarshan Enters Into The World Of Smartphone; Will Offer DD Channels Without Internet appeared first on TechStory.

Next Orbit Ventures invests 115 crores in Infibeam's IPO

Posted: 08 Apr 2016 02:33 AM PDT

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8 April, 2016, Mumbai: The Rs 450-crore Initial Public Offer (IPO) of Infibeam Incorporation has received 115 crore investment from Next Orbit Ventures, a Mumbai based venture capital firm. With the investment, the VC firm owns around 5 per cent of the e-commerce company. The amount has been invested from the first US $140 million (Rs. 700 crore) fund of the venture capital firm.

Showcasing confidence on the minority stake picked by the company, Ajay Jalan, Founder and Managing Partner of Next orbit Ventures said, "When other online-retail companies in the market are making losses, we are very confident about our investment on a company which is ready to IPO and will be making profits in next 6 months."

Infibeam Incorporation, the first e-commerce company to raise capital through an IPO, had set Rs 360-432 per share price band for the IPO. The proceeds of the IPO will be utilised for expansion of business, which includes setting up a cloud data center, setting up 75 additional logistics centres, purchase of software and purchase of property for shifting of the registered and corporate offices of the company.

Also Read-

Infibeam's IPO Gets Fully Subscribed After Few Hiccups

Infibeam Stock Gains Momentum; Surprises The Market Experts


Petoo Acquires $1 Million Funding From Axilor Ventures And Others


Petoo-founders

8 April, 2016, Bangalore: In its recent round of funding, Bangalore based foodtech startup Petoo has acquired US $1 million funding from Axilor Ventures and some HNIs. The firm was floated in the market in March 2015 by Kumar Setu and Ritesh Dwivedi. It deals in providing its customers mouth-watering Indian delicacies in neatly packed boxes.

Commenting on the investment, Ganapathy Venugopal, Co-Founder & CEO, Axilor Ventures said, "Petoo has one of the most experienced teams in the food delivery space in the country. We liked the integrated model, the team's focus and the strong analytical approach they bring to business."

The startup plans to utilise the raised amount in enhancing its business and backing its food research. As per the company's plans, in next few months, it will be spreading its wings to other places in Bangalore and will also be entering into the markets of Chennai and Hyderabad.

Elaborating further on the investment round, Kumar Setu, stated, "It doesn't only give us more financial bandwidth but it's also a vote of confidence by veterans like Chris and Shibu Lal themselves regarding our lean business model and deep understanding of this business."

Image-e27.co

Also Read-

Tesla Model 3 Zooms The Market; Orders Hit The $3 Billion Mark

Verizon And Google Are Planning To Bid For Yahoo's Web Business


Verizon And Google Are Planning To Bid For Yahoo's Web Business


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8 April, 2016, USA: According to Bloomberg's report, US telecoms firm Verizon is reportedly planning to make a first-round bid for Yahoo's web business next week. It will be joined by Google which is also planning to bid for Yahoo's core business.

The news hit the media circle right after one hour when it was reported that the company has been circulating its financial documents to prospective buyers. A report of Re/Code stated that the documents showed the "financial situation at the Silicon Valley internet giant is becoming increasingly dire".

According to the report, Verizon plans to replace Yahoo's embattled CEO, Marissa Mayer, with the AOL CEO, Tim Armstrong, and Marni Walden, Verizon's executive vice-president. Should Mayer be ousted in a sale she could land $110m in severance.

This adds more pain to Mayer's agony as already she has been criticised a lot for her failure in pumping a healthy business for Yahoo. It is been four years now since she took the charge of Yahoo's CEO and she has failed to deliver her best for the company, with the company's stock price declining 20 per cent in her tenure. Last month, Yahoo shareholder Starboard Value said it was fed up with Yahoo's leadership and called for the board to be completely replaced.

Also Read-

Microsoft Shows Interest In Taking Over Yahoo

Yahoo Crashes Against The Investors' Pressure; Moves For Possible Sale

The post Verizon And Google Are Planning To Bid For Yahoo's Web Business appeared first on TechStory.

Tesla Model 3 Zooms The Market; Orders Hit The $3 Billion Mark

Posted: 07 Apr 2016 11:05 PM PDT

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8 April, 2016, USA: Tesla's Model 3 has been riding high over the world as its orders has hit the US $3 billion mark in just one week. Elon Musk when took the covers off from his company's new product last week, never even dreamed off such high numbers.

That reservation figure totals to $14 billion (theoretical dollars) in sales, or 325,000 cars, with one big caveat: With only $1,000 down, some — perhaps many — of these orders will inevitably be adjusted or cancelled over the next few years. In any event, that's US $325 million paid in pre-orders to date for a car that basically doesn't exist yet, reports Venture Beat.

Musk unveiled the figures on twitter and tweeted-

 

Over 325k cars or ~$14B in preorders in first week. Only 5% ordered max of two, suggesting low levels of speculation.

— Elon Musk (@elonmusk) April 7, 2016

According to Green Car Reports' John Voelcker on Monday, "Not all of those reservations will convert to actual orders, of course. But even if only half of them do, 150,000 Model 3s would amount to more plug-in electric cars than General Motors, Toyota, Ford, BMW, or VW Group has sold in more than five years. Only Nissan has sold more (slightly over 200,000 as of last month)."

The robust demand for the Model 3 as well as Tesla's Model X SUV and Model S sedan, which owes its ubiquity to Hollywood early adopters like Stephen Spielberg and Jon Favreau, a close friend of Musk  is indicative of the fierce brand loyalty Musk has conjured around Tesla.

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Also Read-

Facebook Silently Introduces Hyperlocal Services In India

Karamba Security Raises $2.5M Seed For Car-Safety


Facebook Silently Introduces Hyperlocal Services In India


 

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8 April, 2016, Bangalore: Facebook, social media giant has very silently introduced its local services site in India. The site will help the customers check the best rated service provider in their area. This move is considered as a biggest threat to competitors like  UrbanClap, QuikrServices, Housejoy etc. who are neither as big as Facebook nor they have a user base like it.

Users can opt for services such as plumbing, spa, event manager etc. by logging on to facebook.com/services. According to the data from Tracxn, There are over 530 local services companies and 132 home services companies that have cumulatively raised over $180 million in funding.

In December, Wall Street Journal reported that Facebook had launched a services platform in the US, going up against service providers such as Yelp, Angie's List, Amazon, Alphabet and LinkedIn. However, when contacted by media, Facebook didn't reveal any details about its latest introduction in India. Apart from providing simple browsing option to its customer, Facebook latest introduction also provides ratings to the service provider and hence, it enables the customer to crack a perfect deal. Currently, it provides more than 80 services such as plumbers, event planners, pet groomers, spas, painters, and financial services, among others, under 10 broad categories.

"I filled in the details under the category of plumbers, created a page through a personal account. It (Facebook) asked only to upload pictures and contacts relating to the business," Mohammed Muzzamil, a hardware store owner in Bengaluru, said. He also informed that the entire process was free and he didn't spend a penny for it.

Also Read-

Master Of Google 'Ranking Algorithm' Amit Singhal Joins The Board of GOQii

Facebook Pushes Businesses To Messenger With New Tools For Pages


Master Of Google 'Ranking Algorithm' Amit Singhal Joins The Board of GOQii


Amit-Singhal

8 April, 2016, New Delhi: After rendering his services to Google, Amit Singhal, master of Google 'ranking algorithm' has given his node to join the board of GOQii. After serving the tech giant Google for 15 years, Singhal retired in February this year.

While speaking to ET, Singhal revealed that he had also invested in the Vishal Gondal-founded firm as an angel investor in 2014. Being the master head of Google's ranking algorithm, he expected to use his experience and expertise in building artificial intelligence and machine learning of GOQii.

Jhansi-born Singhal added that he hopes to bring a lot of learning from his past work at Google which included deploying artificial intelligence and machine learning to make search better and faster, reports ET.

Elaborating on the idea, he said, "The idea that is most intriguing about GOQii is having a human being working with artificial intelligence to motivate the user. It is not just some bit of learning but there will be a lot of artificial intelligence going in the background. The interface to these things has not evolved to a point where a human being is fully comfortable with it, especially in an area like health and wellness so a lot of science has to be worked upon. The world needs good health and it needs to be motivated about it."

Image-www.iunus.com

Also Read-

Google Is Making A Product On The Similar Lines Of Amazon Echo

Facebook Pushes Businesses To Messenger With New Tools For Pages


Technology News Update - 2nd April 2016

Technology News Update - 2nd April 2016

Flipkart's Manish Maheshwari As CEO Of Web18


 

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31 March 2016, India

Manish Maheshwari, who was vice-president and head seller ecosystem at Flipkart, has resigned to join Web18, internet and mobile arm of Network18 as its chief executive Officer.
Yet another senior executive at Bengaluru-based e-commerce company Flipkart has resigned. This comes a little over a month after Mukesh Bansal, who was head of its commerce and advertising business, and Ankit Nagori, chief business officer, put in their papers.
Adil Zainulbhai, Chairman, Network18 Group, said, "Manish brings with him a good mix of Silicon Valley tech product culture and an understanding of ground realities of India. Both these qualities will be crucial as we take Network18 to the next level of digital transformation. He has a proven track record of taking up projects and achieving a scale of tens of millions, building cross-functional teams that deliver in large setting with an unflinching focus on customer experience."

Under the new mandate, Manish will lead Network18's digital and e-commerce assets. These include digital portals such as moneycontrol.com, ibnlive.com, in.com, firstpost.com and various other ideas that have been seeded in the network to help it grow as a leader in digital space.

Network18 has been in an expansion mode with specific focus on digital content. The company has been aggressively hiring senior employees to strengthen its technology, product, sales and business development teams. As the CEO of Web18, Manish's immediate priorities will be to drive content, monetisation, new business, inorganic growth, and product portfolio management.

 

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The 39-year-old new CEO of Web18 told Business Standard that the move is purely professional. "It is a professional move. I had a great stint at Flipkart and was able to build a good seller ecosystem among other things," he said.
Maheshwari relocated from California to India in 2011 when txtWeb, which he co-founded while in the Bay Area, started taking off in hundreds of tier 2 and tier 3 towns across India. A Wharton MBA graduate, he previously worked at the New York office of McKinsey, where he advised Fortune 500 companies on new market entry and growth strategy in technology, e-commerce and consumer spaces.
In the early part of his career, he worked at Procter & Gamble (P&G) in India, starting his career in Mumbai and then taking on Asia-Pacific roles in the Philippines, China and Singapore.
Source : Business Standard


Time Warner's Turner Leads Mashable's $15 Million Funding Round


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31 March 2016, USA :
Time Warner Inc.'s Turner division led a $15 million funding round for the news website Mashable, marking the latest investment by a traditional TV network in a digital media company.

Turner's TBS and TNT channels and Mashable will co-develop and distribute video content, and the two companies will work together on new technology and advertising opportunities, according to a statement Thursday. In addition, Kevin Reilly, chief creative officer for Turner Entertainment and president of TBS and TNT, will join Mashable's board.

Turner and other media companies are looking to digital publishers to reach younger audiences that may not subscribe to cable or satellite TV. The network will gain access to Mashable's Velocity platform, which uses data to predict when Web content will go viral on social media.
Mashable will use the latest funding round to expand its video offerings, including on traditional TV, and enhance its advertising capabilities, according to the statement.
Earlier this month, Mashable said it will make four short-form Web series with NBCUniversal's Bravo, agreeing to work with a traditional TV network on a slate of shows for the first time.
Mashable, founded in 2005 by Pete Cashmore, created an in-house video unit last year to produce series for its website, social networks and a growing list of companies interested in the short-form video medium. As advertisers spend more on online video, digital media companies like Mashable, BuzzFeed and Vox Media are investing in video production to attract funding and potentially lead to work in traditional television, with its massive reach and lucrative advertising.

Other media companies such as Comcast Corp.'s NBCUniversal have partnered with digital publishers to reach younger audiences. NBCUniversal invested $200 million in Vox Media and BuzzFeed last year.
Mashable's latest funding round also came from Time Warner Investments, Updata Partners, David Jones and Mike Lazerow, and R&R Venture Partners.
Image : Mashable

$30M snatched by Airware to sell complete drones to the Fortune 500

 

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31 March 2016, USA :

Airware used to sell drone operating systems. Now it's swiveling to sell the whole flying kit and caboodle: drone hardware, the software to control them, and the cloud where their data goes. It discovered that big enterprise companies didn't know how to piece together drone systems themselves, so they were slow to adapting to the tech that could save them money and keep employees out of harm's way.

But to sell complete drone solutions to the Fortune 500, Airware needed sales firepower. So it's fueling this new business with $30 million in Series C funding and the addition of 20-year Cisco CEO John Chambers to its board. The round was led by Next World Capital, which specializes in helping startups expand to Europe, which is Airware's next destination.

"Packing up a drone and kicking it over the fence isn't enough for these large enterprises", Airware CEO Jonathan Downey. They didn't know exactly what to use them for, what software or hardware customizations they needed, and where to get all these pieces of the puzzle. "We've heard enterprises asking for a complete solution from a single provider, and we're able to offer that solution."

The first of Airware's new enterprise customers is insurance giant State Farm. It'll be using Airware's full-stack drones to replace roof insurance claim adjusters — a tough and dangerous job that often requires employees to climb ladders or use ropes and harnesses to assess damage to houses.

Now, Airware's drones will be able to do a quick fly-by while running customized software for roof analysis. The drones can collect much more accurate data and footage than precariously perched humans with binoculars, handheld cameras, and pads of paper ever could. State Farm can use the data now to adjust particular claims and discover trends to make its business more efficient later. It's also planning to employe drones for residential insurance and catastrophe response.

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The $30 million C adds to over $40 million in existing funds to make Airware one of the most well capitalized drone companies behind Chinese manufacturer DJI with its $105 million. Joining in the round are previous investors Andreessen Horowitz and Kleiner Perkins Caufield & Byers, plus Chambers.

The extra cash will also help Airware move fast when more regulatory barriers are broken down later this summer. It's already allowed to run drones for these kinds of insurance inspections, and it helps clients comply with no-fly zones and other policies. But the government is expected to begin allowing unlicensed pilots to operate small aerial vehicles for work, which might let even more companies get off the ground.
Source & Image : Techcrunch.com

Asana Raises $50mn; Zuckerberg Amongst The List Of Investors

 

 

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31 March 2016 :

Asana has raised another $50 million in backing that more than doubles its last declared valuation, according to its two co-founders. Asana is a web and mobile application designed to help teams track their work. It was founded in 2008 by Facebook co-founder Dustin Moskovitz and ex-engineer Justin Rosenstein, who both worked on improving the productivity of employees at Facebook.

Asana today has 13,000 paying businesses as customers, up from 10,000 in September, and over 140,000 businesses using the product overall adding some 10,000 every month. The company has both free and premium tiers, with the latter charged at $8.33 per member per month for groups above 15, and for more features.

Moskovitz and Rosenstein say that for the past four years, annual recurring revenue has been "more than doubling", and that the company is on track to profitability in the next few years. "This fundraising is the fuel we need to get to the next stage, and to accelerate the fulfillment of our mission," the founders note.

In addition to Altman (who said he has wanted to invest in the company "for a long time") this round includes a long list of other very high-profile backers — a testament both to the founders' own pedigrees but also Asana's place as one of the more respected and used startups in the productivity/enterprise apps space.
The list of investors is as follows, Palantir co-founder Joe Lonsdale's venture capital 8VC, Facebook CEO Mark Zuckerberg and his wife Priscilla Chan, Zappos CEO Tony Hsieh (via VTF Capital), Groupon co-founder Andrew Mason, Elevation Partners founder Roger McNamee, and Quora CEO Adam D'Angelo.
The new money brings Asana's total backing to $88 million. It boosts the company's valuation to $600 million on "clean terms," Moskovitz touted. The most recent stated figure was $280 million post-valuation following Asana's $28 million Series B round, which was back in summer 2012, he added.

The product was born out of our own need to coordinate better: even when we worked at great companies like Google and Facebook, there were constant challenges keeping everyone on the same page, and a huge amount of time spenton work about work," wrote Moskovitz and Rosenstein in a blog post about the funding.

Altman's motivation was clearcut, boiling down to the product and the team. "I spend a lot of time talking to people who work at startups, and most employees feel like they don't have a good sense of what specifically the company needs to get done and how all the tasks are going," he wrote about the investment. "Better work tracking leads to better collaboration and better decision-making."

 

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The same, apparently, could also be said about larger, established companies. Since September 2015 when it introduced a massive redesign for its software, Asana has added close to 3,000 paying customers for a current total of 13,000. One example is the city of Providence, R.I., which has banished internal email in favor of the Asana service to organize tasks and meeting agendas. "I don't know how any large organization functions without this," said Mayor Jorge Elorza. "There is no way matters can slip through the cracks," he added. Approximately 300 people in the Providence administration use the software, which costs it about $5,000 annually, Elorza said.

The new funds will go toward scaling Asana's application and customer support organization so that the software can be used more easily across entire organizations, not just specific divisions, noted Rosenstein. Retailer Zappos, as just one example, uses Asana across its entire organization. The company has signed several other deals supporting more 1,000 seats, Moskovitz said.
Image :  Asana