Xiaomi targets $14.5 bn revenue in 2017, to focus on offline retail

10398368_1708476892700208_5232992763831935948_nChinese smartphone maker Xiaomi aims to achieve revenue of 100 billion Chinese yuan ($14.5 billion) in 2017. Furthermore, the company has identified five focus areas in the coming year: technological breakthroughs, new retail strategy, globalisation, artificial intelligence and Internet finance, Lei Jun, Xiaomi’s chief executive said in a letter to employees on Wednesday. “In 2016, […]

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Reliance Jio may soon launch two sub-Rs 1,500 VoLTE feature phones

Jio_simAfter disrupting the telecom market with free calls and data, Reliance Jio may now launch two sub-Rs 1,500 4G VoLTE handsets, a major financial daily reported on Thursday. The low-cost handsets, to be launched under Jio’s LYF brand this quarter, will be priced at Rs 999 and Rs 1,500, a report in The Economic Times, […]

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Flipkart-owned PhonePe crosses 10 million downloads in two months

PhonePeMobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store. The Flipkart-owned PhonePe, which launched its app based on the unified payment interface (UPI) platform about two months back, gained traction after the government’s demonetisation move, a report in a financial daily said on Wednesday. The […]

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Yahoo renamed Altaba; CEO Marissa Mayer to leave board

Marissa MayerYahoo! Inc. has said it will be renamed Altaba Inc and chief executive Marissa Mayer will step down from the board following the closing of its merger deal with Verizon Communications Inc. “Following the closing, the company (Yahoo!) will operate as an investment. Immediately following the closing, the size of the Board will be reduced […]

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Flipkart’s Binny Bansal invests in 3D printing startup Supercraft3D

VCCircle_Binny_Sachin_Bansa-2Additive manufacturing 3D printing startup, Supercraft3D has raised $1 million (Rs 6.6 crore) in seed funding from Flipkart founder Binny Bansal, along with four other angel investors, according to a media report on Tuesday. The Bengaluru-based startup, founded in early 2016 and operated by Supercraft3D Wellness Pvt Ltd, provides visualisation solutions to help hospitals, doctors […]

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Data analytics startup Intelligence Node raises $750K in venture debt

For-Intelligence-Node-Story-TC_pexels-photo-25641New Enterprise Associates (NEA) and Orios Venture Partners-backed retail analytics provider Intelligence Node Consulting Pvt. Ltd has raised $0.75 million (Rs 5 crore) from BlackSoil Capital Pvt Ltd, a Mumbai-based specialised non-banking financial company (NBFC). Intelligence Node is also backed by angel investors such as Gaurav Sharma, Sunil Varrier, Arindam Das, Anupam Mittal and Gul […]

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CES 2017: Seven cutting-edge products that gave a sneak peek into future

LG-Oled-TV-signature-medium01dThe prestigious Consumer Electronics Show (CES) 2017 concluded on Sunday in Las Vegas after introducing several ground-breaking products to the world. Celebrating its golden jubilee year, CES exhibited products by over 3,800 companies this year. It also hosted more than 600 startups at the Eureka Park Marketplace. Over 175,000 industry professionals, including 55,000 from outside […]

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CES 2017: Seven cutting-edge products that gave a sneak peek into future

LG-Oled-TV-signature-medium01dThe prestigious Consumer Electronics Show (CES) 2017 concluded on Sunday in Las Vegas after introducing several ground-breaking products to the world. Celebrating its golden jubilee year, CES exhibited products by over 3,800 companies this year. It also hosted more than 600 startups at the Eureka Park Marketplace. Over 175,000 industry professionals, including 55,000 from outside […]

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Nintendo opens Super Mario Run pre-registration for Android users

Super MarioAfter launching the Super Mario Run for iOS devices earlier this month, Nintendo is now gearing up to launch the Android version. Nintendo, on its American Twitter handle, announced that it has started taking pre-registrations for the Android version of the game on Google Play, and users will be notified when it becomes available for […]

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Fitness app HealthifyMe raises $1 mn from Neelesh Bhatnagar

For-HealthifyMe-Story-TC_belly-body-calories-diet-42069_feFitness app HealthifyMe has raised $1 million (Rs 6.7 crores) from Dubai-based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups, the company said in a statement. “I am keen on investing in emerging digital first Indian startups that have the ability to expand internationally with an asset-light approach. I […]

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