Technology News Update - 9th April 2016

Technology News Update - 9th April 2016

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



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


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


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.


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


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


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


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."

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


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


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.

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



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 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


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."

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


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,,, 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.



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

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




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.


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 :

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





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."




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