That's why the company is partnering with Younited Credit to launch consumer credit in France. If you're not familiar with Younited Credit, the company is a leading crowdlending platform in Europe. N26 users won't have to sign up to Younited Credit to borrow some money. It's another credit marketplace, and it shows that N26 is willing to partner with multiple companies in the same space if it makes sense.
Such businesses have been key drivers of job creation and help build lasting institutions, contributing to economic growth both directly and indirectly. Even as their contribution is laudable in every sphere, family businesses have to continuously evolve and change to thrive. More so now, in a technology-driven era where a company's lifespan depends on how it innovates to stay relevant. Here, businesses such as Airtel, which had private funding in its initial years, are an exception.
One such company is Zyper, founded by Amber Atherton, who previously featured in British reality TV show Made in Chelsea. The adtech company is building a platform that lets companies identify their top fans, and therefore advocates, on various social media. It then invites these fans to join advocacy marketing campaigns that sees user-generated 'ad' content posted in return for various rewards and experiences.
Chinese e-commerce giant Alibaba is set to invest in India's largest online grocer BigBasket in what will complete a transaction that has been in the works for nearly six months. The investment could be in the range of $300 million, giving Alibaba about 33 percent stake in the e-grocer, according to reports. The deal could value Bengaluru-based BigBasket around $850-900 million - a valuation it had been seeking since it started looking for buyers.
Gurugram-based hospitality startup OYO has shifted its business model from hotel aggregation to franchise. OYO now runs pure-play franchise business allowing hotel partners to run under the OYO brands. We do not anymore do hotel aggregation and have become a full-scale hospitality company, OYO CEO Ritesh Agarwal said. As per the company, the hotels that were part of the hotel aggregation model have now been converted into the franchise.
In the second edition of Rajasthan Digifest 2017, a two-day mega event organised by Rajasthan state government's Department of IT&C, six startups were selected during its Investor Connect programme. The '24-hour mega-hackathon for startups' and the 'Investor Connect' were the highlighted programs of the event. Vasundhara Raje, the Honourable Chief Minister of Rajasthan, gave the first set of Qrate cards to selected startups. Through the initiatives of Rajasthan Government, numerous startups have benefitted from networking, funding and mentorship opportunities.
Menlo Security, a startup with a unique approach to protecting your company from malware and phishing attacks, announced a $40 million Series C round today. Menlo protects customers by never lets letting employees access an actual website or email containing malware. As CEO and co-founder Amir Ben-Efraim explained after the company's $25 million Series B round in 2015, We isolate all web pages and email in the cloud.
The Uber receipt was first shared by an Instagram user with the handle votethehish who has a private account. As per Uber's official ride estimate tool, the 8km trip from 12a Widmer St to 30 The Queensway should ideally cost between CA$12-$16. This isn't the first time Uber has charged a customer an exorbitant amount for a seemingly quick ride.
Lydia Jett, Investor - Consumer Internet and ecommerce at Softbank Vision Fund, has reportedly stepped down from the Snapdeal board. Taking her place on the board is Saurabh Jalan, an Investment Professional at Softbank Group US. The development comes nearly seven months after Lydia joined the Snapdeal board as an Additional Director on March 30. At the time, it was reported that SoftBank MD David Thevenon was likely to take up Bullock's seat on the Snapdeal and Ola boards.
Uber will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market. Regulator Transport for London (TfL) shocked the Silicon Valley firm by rejecting its licence renewal bid in September, citing its approach to reporting serious criminal offences and background checks on drivers.
We bring to you the latest edition for the startup events to attend in this week. BIGShift is a series of startup events organised by Inc42 and Amazon India across eight tier I and tier II cities of India. Having hosted BIGShift in seven cities already, Inc42 will be hosting the last edition of BIGShift in Kanpur this week. As mentioned on the event's facebook page, it promotes Startups + Investors + Disruption + Passion = Future through the current edition of Startup Investor Summit.
Hero Electric is gearing up to set up multiple assembly plants for the production of electric two-wheelers to meet its target of increasing sales by ten times in a span of five years. The idea is not to have too large but have multiple plants to be closer to the customer. Vehicle Giants like Hero MotoCorp, Honda, TVS Motor and Bajaj are all set to launch their electric two-wheeler vehicles in 2018.
The power of choosing positive habits - and sticking to them for the long-term - will allow your success to compound. While I don't doubt that you're busy, there tends to be more free time in our schedules than we realize. His brilliant advice applies to almost any change you want to make in your life. After all, a Hallmark card or Dove chocolate wrapper doesn't exactly give you a concrete way to create a happier life.
NCR-based startup accelerator Espark Viridian has launched its first ever online startup case study content. Speaking about the objective behind Case In Point, Espark Viridian Director Vibhuti Channa stated, Entrepreneurs need lots of mental acuity and problem-solving skills to succeed in the Indian startup world. The current iteration of Case In Point focusses on the following case studies: an IT-based vehicle repair and services platform, a real estate search engine/aggregator and online furniture rental startup.
Amazon India has once again raised its voice to claim the top spot in the Indian ecommerce ahead of Flipkart. Further, Amazon India also reported a 67% growth in gross sales by volume and 72% by value for the period between July-September, compared to the same period last year. Flipkart continues to outpace the industry and our growth accelerated significantly during the July-September quarter on the back of a very strong festive season.