OBOPAY joins hands with Mexico based GoRed

OBOPAY, the global mobile payment solutions company, has signed a strategic deal with GoRed – a leading fintech firm based in Mexico. Expanding its fintech services for the first time ever to Latin America and to become a transaction switch for the region, OBOPAY will provide its “Evolys” payment platform to “GoRed”. As a part of the agreement, OBOPAY will manage end-to-end digital payment solutions for “GoRed” including bill pay services, micropayments, P2P, cash in, cash out, remittance, card acceptance, NFC payment capability etc. “GoRed” is a Fintech company based…

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HYPE- LUXURY CAR RENTAL APP

“People forget years and remember moments” – Anne Beattie We do not remember the days, we remember the moments. Each special occasion, whether a marriage, birthday or travel with family and friends are all beautiful moments that we cherish. When we travel, it is the very journey which makes it memorable and fulfilling. If you are a road trip enthusiast, the need to have a reliable and comfortable car is very important. If a road trip is not your style, you would still need a way to get around once…

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Alibaba aligns with blockchain for efficient food delivery

Chinese e-commerce giant Alibaba has decided to align with blockchain technology to ensure accuracy in food item delivery – one of its major offerings. According to an international news agency report, the company is putting in place the Food Trust Framework which will be its own blockchain-encrypted platform. “Through the initiative, Alibaba intends to increase accuracy and transparency through its supply chain network, enabling users of its subsidiaries Tmall and Lynx to authenticate, verify and record data throughout the shipping process,” says the report. Even before launching the platform, Alibaba…

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Series B funding for RailYatri

India’s leading travel start-up, much known for its railways travel centric solutions, has raised an undisclosed amount in series B funding led by Omidyar Network. The Noida-based start up had recently added bus & one-way cab bookings to its portfolio and claims to have a base of over 12 million monthly users. The B series funding also saw participation from other existing investors including Nandan Nilekani, Blume Ventures and Helion Venture Partners. Manish Rathi, Co-founder and CEO RailYatri said, “We are overwhelmed by the travellers response to our platform, and at current growth rates we expect…

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GreyOrange to install Butler robotics system in Japan and Europe

Robotics and supply chain automation company, GreyOrange, will be installing its ButlerTM robotics system at three new sites, located in Japan and Europe at CeMAT 2018. The upcoming site in Japan is for Trusco Nakayama Corporation (TSE:9830), a leading wholesale trading company specializing in machine tools and equipment for production sites, wholesale distributors and retailers. Its range of over 335,000 products includes over 2,300 brands and manufacturers. A multinational technology company, GreyOrange is a market leader in AI-powered robotics systems for automation in warehouses, distribution and fulfilment centres. In recent years GreyOrange has…

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UPS dedicated site to connect retailers with 43 million mychoice members

In its bid to further consolidate its UPS My Choice membership online programme, UPS has now launched UPS My Choice Deals site. The exclusive platform will facilitate retailers to reach out to more than 43 million UPS My Choice members with special deals and discounts. “Online shoppers love to find a great deal and retailers want to provide distinctive offers. The UPS My Choice Deals site helps connect retailers and shoppers by providing a platform for great deals through a convenient member-exclusive marketplace,” said Jerome Roberts, UPS’s vice president of…

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A new marketplace for logistics operators

Mumbai based logistics technology company FreightCrate Technologies has recently unveiled an online logistics marketplace – www.freightcrate.in. According to a company release, the digital marketplace is particularly aligned to offer seamless solutions for international freight and shipping needs of exporters and importers. Speaking about the platform, Samir Lambay, Co-Founder and CEO, FreightCrate Technologies, said, ” India is now ready for an e-marketplace for the logistics segment. Through our venture, FreightCrate Technologies, we aim to transform the Indian Logistics sector, especially the international freight and shipping processes, through creation of a standardised, transparent…

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FIEO GlobalLinker to help MSME Exporters

The Minister of Commerce & Industry Suresh Prabhu recently  launched the FIEO GlobalLinker- a digital platform for MSME exporters to digitise their businesses and join a global community of growing businesses today in New Delhi. FIEO GlobalLinker is setup with a view to make the business growth of SMEs simpler, more profitable and enjoyable. It is a growing global network currently comprising over 140,000 SME firms, who are seeking business collaboration and growth opportunities through the use of their electronic business card and digital profiles created on the platform. FIEO…

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Machine learning to improve train delay predictions

Figuring out and letting the passengers know when a train is going to arrive at a station is like predicting the future. Multiple variables associated with the run of a train can affect the arrival time of a train at the station and passengers are most often left waiting for hours before their train finally arrives. RailYatri, a travel start-up, has innovated a unique Estimated Arrival Time (ETA) prediction algorithm using Machine Learning and Statistical Modelling techniques to predict the arrival time of running trains at their upcoming stoppage with…

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Nandan Nilekani’s Fundamentum invests in TravelTriangle

TravelTriangle, India’s emerging holiday travel marketplace, has raised INR 78 cr (USD 12M) Series C funding led by Fundamentum, the growth-capital fund for mid-stage technology companies in India backed by Nandan Nilekani and Sanjeev Aggarwal. Existing investors – SAIF Partners, Bessemer Venture Partners, RB investments and a clutch of angel investors also participated. This is the first investment by Fundamentum and Ashish Kumar, Partner, Fundamentum will join the TravelTriangle board. Sanjeev Aggarwal and Nandan Nilekani have in the past invested in disruptive travel firms like MakeMyTrip, RedBus, and RailYatri. Announcing the investment…

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