Indian Angel Network plans investment in around 150 startups

NEW DELHI: Venture capital consortium Indian Angel Network (IAN) is looking to invest in about 150 start-up firms in coming 4-5 years, a co-founder of the investment group said. “We have made six commitments as of now. In next 4-5 years, we have plans to invest in 100-150 firms,” said IAN co- founder Saurabh Srivastava. He said there is no shortage of funds at IAN and investors are looking at right opportunities. “We have funded in range of half a million to a million. Some has been to the tune of 3…

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Airtel Takes on Jio Phone With Karbonn A1 Indian, A41 Power Smartphones: Price, Offer Details

Jio Phone is effectively free, while the new Airtel phones’ effective price starts at Rs. 1,799 HIGHLIGHTS The new Karbonn phones will compete against Jio Phone Karbonn A1 Indian comes at an ‘effective price’ of Rs. 1,799 Karbonn A41 Power at an ‘effective price’ of Rs. 1,849 Jio Phone is a looming threat for both phone makers and telecom operators, despite its pre-booking sale opening only once since it was unveiled in July. It came as no surprise to anyone that to counter Jio Phone, Airtel partnered with Karbonn and then Celkon to subsidise the…

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NBFC Indian School Finance plans to raise $30-35 million from PE investors

 Indian School Finance Co. Pvt. Ltd (ISFC), which lends to companies in the education sector, is looking to raise around $30-35 million (approximately Rs200-230 crore) from private equity investors, said two people aware of the development. ISFC, a non-banking financial services company (NBFC), founded in 2008, lends to schools and education institutions. It lends to private schools, affordable schools, vocational institutes and coaching classes to help them build their infrastructure such as setting up of computer and science labs, construction of additional floors or wings in existing premises or for…

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Samsung Bixby voice support now rolls out to Indian users

Samsung on Friday announced that roll out of a new feature for its digital assistant Bixby. The smart assistant now provides voice capabilities in India. Bixby has been optimised to understand Indian accents. The newly-launched Samsung Galaxy Note 8, Galaxy S8 and Galaxy S8+ users can now enable Bixby’s voice capabilities (US English) by pressing the Bixby button, the company said in a statement. Consumers can activate Bixby by holding the dedicated button on the Galaxy Note 8, Galaxy S8 and Galaxy S8+ smartphones, or by simply saying, “Hi, Bixby.” “With…

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Travelling on a budget? These Indian destinations can give you an international experience

International tours make for great memories, but they also come with a heavy expense. Here are some places to visit within India that will give you an international vacation experience without burning a hole in your pocket: * Shillong—The Scotland of the East: With its surging meadows, rivers and lush widespread grasslands, Shillong and its surroundings can be compared to Scotland. Waterways are the means of transportation in Alleppey. (Shutterstock) * Pondicherry—The French Town: Pondicherry retains its Dutch and French architecture from colonial times. It is interesting to note the smooth transition of…

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Indian travel freaks turn to lenders

Desire to visit exotic spots, expensive tickets seen as reasons; loans offered from ₹50,000 to ₹7.5 lakh Indians are increasingly using debt to finance travel, according to travel portals and lending platforms. “There are two perspectives on this, quantitative and qualitative,” Veetika Deoras, COO, Digital Business at Tata Capital told The Hindu. “Looking at the qualitative, there is an increasing trend one is seeing where people are open to borrowing for experiential elements like travel.” According to Qbera.com, an online lending platform, on an average, people in the age group of 27-40…

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Indus OS Expands Speech-to-Text Feature, Now Supports 23 Indian Languages

Domestic Android-based mobile operating system Indus OS on Wednesday unveiled a new ‘speech-to-text’ feature in their keyboard that would allow users to enter text in their preferred language. Apart from English, the new version of Indus OS Keyboard will now support 23 Indian languages. “The latest version will introduce speech-to-text in Indian languages, allowing users to speak into the phone in their preferred language while the text will automatically be recognised and displayed by just the press of a button,” the company said in a statement. This is the first time that…

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Indian parents spend Rs 12.25 lakh on children’s education, Hong Kong leads with Rs 85.67 lakh

In a fiercely competitive job market today, education is highly prioritised by parents, with Hong Kong residents shelling out $132,161 (Rs 86 lakh) on their children’s school or university tuition fees, books, transport and accommodation – the highest in the world. Indians, meanwhile, are spending $18,909 ( Rs 12.25 lakh) while the world average spending on children from primary school to university undergraduate levels is about $44,221 (Rs 29 lakh), says an HSBC report: Higher and higher, The Value of Education series. About 89% Indians fund their children’s education, 79%…

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IIT-Kanpur students ditch ‘colonial’ robes for Indian wear

Ditching the ceremonial and “colonial” black robes and headgears, IIT Kanpur students today donned the ethnic attire of kurta-pyjama and kurta-salwar during their convocation ceremony. “For the first time, students received their degrees in the Indian Institute of Technology (IIT) not in the British-time gowns and headgears, but in kurta pyjamas (for boys) and kurta-salwar (for girls) along with stoles in different colours to mark their specific courses,” IIT-K Director, Professor Indranil Manna said. He said the students will wear Indian clothes in all future convocations. Around 673 students of…

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Here’s why this Indian travel startup has become profitable

Travel sector is growing phenomenally with Indians booking tickets on the fly. As the market is set to grow from 18 million to 30-50 million outbound travelers in the next 5-7 years, there is fleet of travel start-ups in the market currently but one of them claims to have turned profitable this financial year. Established in October 2011, TravelTriangle is India’s first full stack holiday marketplace with a team of 400 people, and a team of 650+ expert agents across the globe. The company wanted to connect travelers with safe,…

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