Sat, Jul 22, 2017 | updated 04:24 AM IST

Byndr gets funding by Ben Franklin Technology Partners and others

Updated: Jul 28, 2016 13:00 IST      
Byndr gets funding by Ben Franklin Technology Partners and others

New Delhi, July 28 (ANI): Hyderabad-based mobile learning management platform Byndr announced raising of funds worth USD 700,000 in seed funding from the Education Design Studio (premier Ed-tech accelerator at the University of Pennsylvania), Ben Franklin Technology Partners, and a group of angel investors.

The firm will utilize these funds to expand its sales and development team and grow the product scope in terms of giving more access to educational content for students and providing more administrative features for colleges.

Byndr has grown rapidly since its launch, and is now used by more than 50 top colleges in India and has a total installed base of over 50,000 students on its platform.

"In 2017 it is projected that 80 percent of the internet users in India will be mobile. So the only way to truly create a single point of access for students in mobile-dependent markets like India is with a mobile-first product," said Co-founder and CEO, Joseph Freed.

"With Byndr, students stay engaged and connected to educational resources outside the classroom, enabling the concept of anytime and anywhere learning with a fast and light platform. This round of funding will allow us to accelerate expansion and continue providing easy-to- use, and mobile-first products for all stakeholders in higher education," added Joseph Freed.

Bobbi Kurshan, Executive Director of Academic Innovations at The University of Pennsylvania GSE, and Chairman of the Education Design Studio, which participated in this round said, "Byndr is changing the LMS model. It is creating a solution for emerging economies with lack of persistent internet, lower cost points and need for a lightweight solution. The new funding will be used to support and continue to grow the excellent team and to help expand the impact of this unique mobile solution across India and other emerging Ed-tech ecosystems. (ANI)

Return on PMVVY scheme exempted from GST: Jaitley

Updated: Jul 21, 2017 20:18 IST     

New Delhi [India], July 21 (ANI): Union Finance Minister Arun Jaitley on Friday said that rate of return being provided to senior citizens under the Life Insurance Corporation of India's (LIC) new scheme will be exempted under the new Goods and Services Tax (GST) regime, and will be free from fluctuation, thus ensuring more stability to the aged.

Full Story >>

New Delhi [India], July 21 (ANI): Bank of Baroda on Friday announced entering into a Memorandum of Understanding (MoU) with the Directorate General of Supplies and Disposal (DGS&D) for extending various banking services to the Government e-Marketplace (GeM) initiative.

Full Story >>

Mercedes-Benz India launches new AMG GLC 43 4MATIC Coupe

Updated: Jul 21, 2017 17:34 IST     

New Delhi [India], July 21 (ANI): Commemorating the completion of 50 years of its performance brand-AMG, luxury car maker Mercedes-Benz India on Friday launched the all new Mercedes-AMG GLC 43 4MATIC Coupe, an SUV Coupe which embodies superlative driving performance and agility.

Full Story >>

Uber launches UPI-linked payment services on Android

Updated: Jul 21, 2017 17:34 IST     

New Delhi [India], July 21 (ANI): Taxi aggregator Uber on Thursday announced third payment option for their Android app users, apart from cash, e-wallet and credit/debit card with the integration of the Unified Payment Interface (UPI) payments platform.

Full Story >>

New Delhi [India], July 21 (ANI): While addressing shareholders at 40th annual general meeting (AGM) of Reliance Industries Chairman Mukesh Ambani announced a bonus issue of 1:1, which means that shareholders will get one bonus share for every one share held by an investor.

Full Story >>

New Delhi [India], July 21 (ANI-NewsVoir): EO Gurgaon organised conversation with Vikram Oberoi, the third generation scion of India's best-known luxury hospitality chain. He is the most successful purveyor of luxury hospitality in the country. Over the 10 years, when he stepped into a mainstream management role as General Manager of the Oberoi Rajvilas in Jaipur, he has relentlessly focused on quality and succeeded.

Full Story >>

New Delhi [India], July 21 (ANI): Government think-tank NITI Aayog on Friday approved investments worth Rs. 18,000 crore for high-speed rail projects for major routes of Delhi-Mumbai and Delhi-Kolkata, Union Minister for Railways Suresh Prabhu said at an ASSOCHAM event here today.

Full Story >>

ShopClues appoints Deepak Sharma as new CFO

Updated: Jul 21, 2017 15:23 IST     

New Delhi [India], July 21 (ANI): India's first and largest managed online marketplace ShopClues on Friday announced appointment of Deepak Sharma as CFO.

Full Story >>

Mumbai (Maharashtra) [India], July 21 (ANI): Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani on Friday launched its VoLTE feature phone, JioPhone, in India at an 'effective price' of Rs 0.

Full Story >>

New Delhi [India], July 20 (ANI): Paytm now enables customers to get their cashback as Paytm Gold. This will combine the spending and saving experience with an asset that is close to the hearts of Indians.

Full Story >>

Reliance Industries announces Q1 profit at Rs. 9108 crore

Updated: Jul 20, 2017 18:46 IST     

New Delhi [India], July 20 (ANI): Reliance Industries' on Thursday announced its earnings with a consolidated profit at Rs. 9,108 crore, partly driven by one-time gain of Rs. 1,087 crore.

Full Story >>

New Delhi [India], July 20 (ANI-NewsVoir): Created with an objective to deliver striking blow to counterfeiting, LetsVeriFy, an innovative and cutting-edge application by ThinkCurve is witnessing a high growth in popularity amongst customers and manufacturers in India.

Full Story >>

New Delhi [India], July 20 (ANI-NewsVoir): Preethi Kitchen Appliances, an inseparable brand of any Indian kitchen, entered Global Book of World Records, Asia Book of Records and India Book of Records recently for the demonstration of its mixer grinder's grinding prowess by organising the Longest Mixer Grinder Grinding Marathon-the first brand across the globe to achieve such a feat.

Full Story >>

New Delhi [India], July 20 (ANI-BusinessWireIndia): Been into the news since its inception, Applancer has become a renowned name in IT industry. After continuous enhancements, Applancer has become world's first decentralized software development outsourcing platform. We all are pretty aware that mobile apps are ruling the digital industry currently.

Full Story >>

Voonik TV brings Video Commerce to India

Updated: Jul 20, 2017 15:36 IST     

New Delhi [India], July 20 (ANI): India's leading personalization-based fashion marketplace Voonik has announced the launch of Voonik TV, where one can watch exciting short-form videos and shop from them, all within the Voonik App.

Full Story >>

Ducati launches the all new Scrambler Desert Sled in India

Updated: Jul 20, 2017 15:28 IST     

New Delhi [India], July 20 (ANI): Ducati India on Thursday announced the launch of the Scrambler Desert Sled. Drawing its inspiration from the off-road bikes of the '60s and '70s that made US motorcycling history in the mountains and deserts of California, the Scrambler Desert Sled offers a unique incomparable style.

Full Story >>

New Delhi [India], July 20 (ANI-NewsVoir): ALE, operating under the Alcatel-Lucent Enterprise brand, today announced it is working with PGi, the world's largest dedicated provider of collaboration solutions, to deliver integrated high-definition (HD) audio conferencing for its collaborative communications platform, Rainbow.

Full Story >>

Revival of holistic Ayurveda in post-pregnancy treatments

Updated: Jul 20, 2017 13:31 IST     

New Delhi [India], July 20 (ANI-NewsVoir): Soothika, a Global Prodice brand in Maternal and New Born Baby Care, recognized by the Government of India under Startup India programme (DIPP:1917) and seed funded by KSIDC (Kerala State Industrial Development Corporation) is providing Holistic Pregnancy Care to both the mother and the child by offering Ayurvedic products to heal the post pregnancy problems.

Full Story >>

New Delhi [India], July 20 (ANI-NewsVoir): Federation of Indian Chambers of Commerce & Industry (FICCI) in association with The New India Assurance Company Limited (NIA), Besso Limited (London Insurance Brokers) and JB Boda Reinsurance Brokers Pvt. Ltd. (JBBRIB), Mumbai today launched an Insurance Policy on ATA Carnet for the benefit of Start-Ups and Small & Medium Enterprises (SMEs) in India.

Full Story >>

Cabinet for tax agreement between India, BRICS nations

Updated: Jul 19, 2017 22:33 IST     

New Delhi [India], July 19 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Cooperation (MoC) with respect to tax matters between India and the revenue administrations of the BRICS countries, namely, Brazil, Russian Federation, China and South Africa.

Full Story >>