Category Archives: Startups India

Tuplejump – using artificial intelligence to understand and manage big data

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Tuplejump

Photo credit: iphonedigital.

Apple has bought Tuplejump, a Hyderabad-based startup that uses artificial intelligence to understand and manage big data, according to reports from TechCrunch and Bloomberg. The acquisition happened in June, Bloomberg said.

Tuplejump was founded by Rohit Rai, Satyaprakash Buddhavarapu, and Deepak Alur. According to Rohit and Satyaprakash’s LinkedIn profiles, they moved to work at Apple in May. Deepak left to join Anaplan in April. Tuplejump’s site has been taken down.

“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Colin Johnson, an Apple spokesman, said in a statement to TechCrunch.

If the reports are true, this will be Apple’s third acquisition this year. Last month, it bought machine-learning startup Turi for US$200 million. In January, it bought Emotient for an undisclosed amount. Emotient uses artificial intelligence to analyze facial expressions to figure out emotions. It’s also yet another addition to the company’s foray into artificial intelligence technology. In October 2015, Apple acquired Perceptio, which makes it possible to run artifical intelligence image-classification programs on phones without needing too much customer data.

Tuplejump will be the first Indian startup that Apple has bought.

The southern city of Hyderabad has had some of its other startups get attention. AppVirality, a startup that develops toolkits to help mobile developers figure out how to grow their apps, has been backed by Rajan Anandan, managing director of Google India and Southeast Asia.

Tuplejump – Source: TechCrunch

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Tuplejump

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SMS Contraceptive – deliver condoms in 30 minutes

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SMS Contraceptive

Forget fast pizza deliveries, an Indian startup wants to ensure that you find condoms at any time within 30 minutes.

Delhi-based startup SMS Contraceptive is delivering condoms and contraceptive pills in less than half-an-hour. What’s more, it will hand over your package for free if it fails to deliver on its promise. The startup aims to break the societal barriers people face in India while buying contraceptives.

“Many don’t want to have that awkward conversation with a chemist,” Sirhaan Seth, 18, founder of SMS Contraceptive told Mashable India. “We are currently seeing more queries from youngsters aged between 18 to 25,” Seth added. Read more…

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Geniee invests in AdPushup to expand into Indian adtech space

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The partnership aims to provide combined services to users in Japan and Southeast Asia

Geniee invests in AdPushup

The AdPush team

Japanese adtech company Geniee, Inc has invested an undisclosed sum in AdPushup, a provider of ad revenue optimisation product catering to web publishers and online media companies globally.

The investment is intended to integrate Geniee’s solutions, designed to maximise ad revenue for Internet media publishers, with AdPushup’s display ad-based revenue optimisation capabilities, and provide combined services to users in Japan and Southeast Asia where the Geniee SSP (supply side platform) is used. This is expected to further improve display ad revenues for publishers in the region.

The companies also plan to expand business in India and the US by providing the Geniee SSP to AdPushup, which conducts transactions with over 400 Internet media companies primarily located in those countries.

In addition to the capability enhancement and integration with Geniee services, AdPushup also plans to expand and accelerate the services that it provides to web publisher and online media companies across the world.

Established in 2014, US- and Delhi-based AdPushup is an ad technology company that provides a product, which helps optimise revenue from display ads on the Internet.

The ad revenue optimisation product being integrated in this alliance is intended to boost display ad revenues by using machine learning to optimise the layout, size and type of ad in the ad space to suit each individual website visitor.

Also Read: AdPushup raises US$632,000 through LetsVenture

To date, the company has achieved an average revenue optimisation of 69 per cent for over 400 web publishers in India and the US, it said in a statement.

In 2014, AdPushup received seed round funding from group of angel investors, including Jonathan Boutelle and Amit Ranjan, previously director of LinkedIn and Founder of Slideshare; Ravi Srivastava, Founding Partner at Purvi Capital; Sachin Arora, previously Principal Data Engineer Advertising Products at Yahoo; Kima Ventures; and Microsoft Ventures.

Founded in 2010, Geniee develops and provides the Geniee SSP, a platform designed to maximise revenue for Internet media publishers, which currently serves 60 billion impressions per month.

Geniee not only provides comprehensive analyses of web browsers and apps for advertisers, but also offers MAJIN, a marketing automation service that utilises AI and automation to improve marketing activities at every stage, right from attracting customers to prompting sales.

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MyTaxiIndia – inter-city taxi rental solutions

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MyTaxiIndia has over 12,000 taxis operating across 120 cities on more than 10,000 routes, through affiliates

MyTaxiIndia

Delhi-based inter-city cab rental platform MyTaxiIndia (MTI) has raised US$1 million in a bridge funding from existing investor Nihon Kotsu — an 88-year old leading taxi rental company in Japan.

MyTaxiIndia is currently in talks with investors to raise US$5-10 million in a Series A round.

The firm will use the fresh capital for expanding services to tier II and III cities, technology development, marketing and branding.

MyTaxiIndia was founded in December 2013 by Anshuman Mihir, Mohit Rajpal and Satyakam Rahul. It offers inter-city taxi rental solutions and provides one-way fare ride to commuters for outstation trips. It also does city tours on an hourly basis for B2B clients.

The firm uses an in-house routing and prediction algorithm to automate trip-related processes.

MyTaxiIndia has over 12,000 taxis operating across 120 cities on more than 10,000 routes, through its affiliates. It plans to increase its presence to 200 cities by the end of FY2016-17.

Recently, MyTaxiIndia tied up with SpiceJet to provide passengers the option of booking a taxi to reach the airport at the time of ticket purchase.

In August 2015, the startup had raised US$500,000 in pre-Series A funding from Nihon Kotsu. Previously, it had received US$100,000 from GHV Accelerator as part of its 12-month acceleration programme.

“It has cracked the space where players like Ola, Uber and ZoomCar are still trying to figure out. The technology which it has built has taken it out from GMV model; otherwise, it will be profitable in a few quarters,” said Vikram Upadhyaya, chief mentor and accelerator evangelist at GHV.

Ichiro Kawanabe, Chairman of Nihon Kotsu, said, “My Taxi India and Nihon Kotsu share the common values that what we provide is not just a mean of transportation, but a superior ride experience which embodies the spirit of hospitality. Moreover, we pursue the similar business model of which provides an IT platform that connects customers and duly licensed taxi companies of the local area, but not illegal taxi service provides or unlicensed taxi drivers. As the companies that shares common values and business model, we believe we can exploits the good synergy across the border.”

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Magicbricks – real estate portal

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Properji provides users with information on a project, including price point analysis, builder review, location analysis, ROI, appreciation potential as well as risks

Magicbricks - real estate portal

magicbricks Gurgaon office

India-based real estate portal magicbricks.com, which has operations in India and 14 other countries, has acquired Properji.com, a Bangalore-based property listing site.

The transaction details remain undisclosed.

This would help magicbricks to strengthen its consumer proposition by offering in-depth information and analysis of projects that help consumers to choose the project that best suits their needs.

“Given our reach and scale, we would be taking this platform to six metros including Bangalore. We would like to prepare report for 10,000-15,000 projects, both completed and under-construction, having great demand,” Magic Bricks CEO Sudhir Pai told PTI news agency.

In photos: India’s magicbricks is building a fun office

Started in August 2013 by Priya Maheshwari, Guruprasad Bangle and Naveen Galithoti, Properji claims to be a pro-buyer portal that provides users with unbiased reports and reviews about builders and their projects. The startup gives them all the information on a project, including price point analysis, builder review, location analysis, ROI, appreciation potential as well as risks.

Properji tries to inject transparency into real estate transactions in India. The site displays ratings of builders and projects, and also assists users with basic legal review after agreement, civil & architectural review.

Started in 2006, magicbricks provides a platform for property buyers and sellers to locate properties of interest and source information on the real estate space. The company provides services in over 60 cities across India, in addition to 14 foreign countries, including the US, the UK, Dubai, Spain, Thailand, Thailand, Singapore, South Africa and New Zealand.

India’s online real estate space has been going through a tough time of late. A few months ago, SoftBank-backed Housing let go off 600 people. Classifieds company Quikr, which recently merged with CommonFloor, laid off 150-200 employees of the real estate portal a few days ago, according to various reports.

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Magicbricks – real estate portal