Google Announces 4 New Indian Startups for Fresh ‘Launchpad Accelerator’ Batch

Google Announces 4 New Indian Startups for Fresh 'Launchpad Accelerator' Batch

Google on Friday announced the four shortlisted Indian startups for its hands-on mentorship programme ‘Launchpad Accelerator’. With this batch, a total of 30 Indian startups have so far joined the class.

The shortlisted startups – BabyChakra, m.Paani, NIRAMAI and SocialCops – will join a group of startups shortlisted from all over the world at the Google Developers’ Launchpad Space in San Francisco in the US.

Class 5 of the mentorship will kick off on January 29 and will include two weeks of all-expenses paid training, as part of the the full six-month programme.

“These startups have been shortlisted based on their unique value proposition and use of latest technologies like machine learning and artificial intelligence,” Roy Glasberg, Global Lead, Google Developers Launchpad, said in a statement.

BabyChakra is a trusted care companion to Indian parents, from pregnancy to parenting.

m.Paani powers real-time, direct to consumer engagement, marketing, loyalty and insights for mass market consumers and retailers.

NIRAMAI is a healthtech startup that has developed a novel breast cancer screening solution while SocialCops empowers organisations to make better decisions through data.

Launchpad Accelerator is Google’s six-month programme that includes an intensive two-week boot camp in San Francisco and mentoring from over 30 teams across Google and expert mentors from top technology companies in Silicon Valley and globally.

[“Source-gadgets.ndtv”]

Qualcomm Accused of Fresh Antitrust Violations by 4 Apple Contractors

Qualcomm Accused of Fresh Antitrust Violations by 4 Apple Contractors

HIGHLIGHTS

  • Contractors alleged that Qualcomm violated 2 sections of the Sherman Act
  • The allegations are part of broader dispute between Apple and Qualcomm
  • The lost licence revenue from Apple has been a hit to Qualcomm’s sales

iPhone chip supplier Qualcomm faces a fresh set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple.

Foxconn parent Hon Hai Precision Industry Co, Wistron, Compal Electronics and Pegatron alleged that Qualcomm violated two sections of the Sherman Act, a US antitrust law.

The accusations, made in a filing late Tuesday in US District Court for the Southern District of California, are counterclaims to a Qualcomm lawsuit filed in May seeking to force the contractors to pay Qualcomm licence fees that Apple directed them to stop paying.

“Qualcomm has confirmed publicly that this lawsuit against our clients is intended to make a point about Apple and punish our clients for working with Apple,” Theodore J. Boutrous, a lawyer for the four companies, said in a statement. “The companies are bringing their own claims and defenses against Qualcomm.”

ALSO SEEQualcomm CEO Says Settlement Likely in Apple Dispute

The allegations are part of broader dispute between Apple and Qualcomm, which supplies so-called modem chip technology that lets iPhones connect to cellular data networks, over the nature of Qualcomm’s business model of linking the sale of chips and patent licences, which has come under scrutiny by regulators in South Korea, the United States and several other countries.

In January, Apple sued Qualcomm alleging that the company had withheld nearly $1 billion of patent licence rebates it owed Apple in retaliation for Apple’s cooperation with South Korean regulators. Apple told its contract manufacturers to withhold licence payments from Qualcomm while the dispute played out, which prompted Qualcomm to sue them in May.

“Despite Apple’s claims against Qualcomm, Apple suppliers remain contractually obligated to pay royalties to Qualcomm under their licence agreements with us, including for sales of iPhones to Apple,” Qualcomm President Derek Aberle said of the dispute on the company’s conference call in April.

Much of the language in the contractors’ allegations mirror Apple’s objections to Qualcomm’s business model. A senior Apple official confirmed that the company is helping to fund the contractors’ legal defense as part of an indemnification agreement among the firms. Apple has also formally joined the contractor case as a defendant.

The lost licence revenue from Apple has been a hit to Qualcomm’s sales. Analysts expect $5.2 billion (roughly Rs. 33,453 crores) in revenue for the June quarter, down from $6 billion a year earlier.

[“Source-gadgets.ndtv”]

Indiamart raises fresh funds from Amadeus Capital, Westbridge and Intel

The company offers a platform and tools to over 1.4 crore buyers to search from over 2.57 crore products and get connected with over 18 lakh suppliers.

The company offers a platform and tools to over 1.4 crore buyers to search from over 2.57 crore products and get connected with over 18 lakh suppliers.

New Delhi: Indiamart.com, one of the largest online listing platforms for small and medium businesses has raised an undisclosed amount in Series C funding led by Amadeus Capital, a top company executive said Wednesday.

Westbridge, UK based Quona Capital and existing investor Intel Capital too participated in the round, said Dinesh Agarwal, founder and chief executive at IndiaMart.

Indiamart, which has raised close to Rs.65 crore since inception in 1996, will use the funds largely for Tolexo, its new online marketplace for businesses.

The current round is expected to have raised Rs.130-140 crore, said two people familiar with the discussion, who did not want to be identified.

The company will also use the funds towards financing small and medium enterprises and payments space, said Agarwal. “This will largely be done through third party tie-ups to start with; we could lend smaller amounts on our own too by creating escrow accounts,” said Agarwal.

The company, which has been largely focusing around small and medium businesses, is now expanding its reach to large businesses as well. “We have started to think that at this scale, we are useful for large companies and suppliers. It is prudent for the business to focus on both small and large businesses and some part of the funds will go towards this segment as well.” The company has already started working with large suppliers such as Godrej Interio, consumer electronics firm BenQ and other large component makers.

Indiamart started out as an online directory for businesses in India. It is currently backed by Intel Capital with Bennett, Coleman & Co. Ltd as one of its investors. It launched Tolexo, an online retail marketplace for consumers and businesses to shop on the web, in June 2014.

Tolexo currently lists a million products and has about 7,000-plus sellers on its platform. The company in 13 months of operations had more than 200,000 customers, who transacted on its website. It claims to be registering a double digit growth.

Indiamart is expecting this to be its last round before an initial public offering. “I hope this is our last round before going public. We have got systems and processes in place…,” said Agarwal.

Getting Westbridge on board is part of Agarwal’s strategy to prepare the company for a public listing. Westbridge backs publicly traded firms Infoedge and Justdial. Agarwal had announced his IPO plans in 2014, saying the company was preparing for an overseas IPO in 2015. However, a weak market has pushed the company’s plans to list.

Indiamart, which had revenues of Rs.215 crore for the year ending March 2015, is likely to close this year with sales hitting north of Rs.300 crore. The company claims to be cash-positive for over two years now.

The company offers a platform and tools to over 1.4 crore buyers to search from over 2.57 crore products and get connected with over 18 lakh suppliers. It currently has over 3000 employees located across 55 plus offices in the country.

[“source-Livemint”]

Android N Mock-Ups Give Fresh Glimpse at New Interface

Android N Mock-Ups Give Fresh Glimpse at New Interface

The upcoming tweaks and new features in Google’s next Android OS version, believed to be showcased at I/O 2016 as Android N, have started making the rounds on the Internet. We have seen a purported screenshot of Android N’s new hamburger design in system settings. Now, a new leak again shows the redesigned system settings page.

Android Police has yet again shared mock-up screenshots of the system settings of the Android N based on the real ones.

The screenshots purportedly show that a bar will appear at the top of system settings showing do not disturb status and will also allow to switch modes from a drop down. Another minor change in theAndroid N UI is the missing dividing line that separates each option.

android_n_system_settings_android_police.jpgA major addition seen in the purported Android N mock-up screenshots is the display of setting status for every option. If this comes out to be true, users will no longer need to enter each setting to check the status. For example, the Battery setting shows percentage of battery left and also a possible standby time. Also seen is the User tab showing the name of the account of each device that is signed-in.

Another screenshot shows the already seen shared hamburger button in Android N that points to a side navigation drawer that lists all Settings sections, making it easier to switch between them. Currently, users have to go back into main settings page before jumping to another Settings section.

It’s worth mentioning that the spotted screenshots or the shared video claimed to be from Android N may be early version of the OS and we may see a lot of changes in the final build.

Google is likely to reveal its next mobile operating system, believed to be called as Android N initially, at the I/O conference. Google CEO Sundar Pichai had last month has announced the date and venue for the I/O 2016 which will be held in Mountain View, California on May 18 through May 20. Much like Android 6.0 Marshmallow, Android N can be expected to be launched later this year with the new Nexus hardware. Recently, Google possibly gave away Android N’s revamped interface in an official video.

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Tags: Android, Android N, Google, Google IO, Google IO 2016, Mobiles, Split Screen, Tablets
[“Source-Gadgets”]