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5 Amazing Technologies Required For A Software Startup

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5 Amazing Technologies Required For A Startup

By the time you implement your amazing Startup idea, you realize that there already exist a handful of people in the Startup bucket swimming across with their new innovation ideas.

Yes, the young entrepreneurs must be quick to implement what is there in the minds. Well, this is impossible without technology gimmicks. There are millions of technologies which make the life of a startup go smoother.

Here we make a compiled list of such technologies that Startups are using to change the world.

1) JSON

  • This stands for JavaScript Object Notification. This is a lightweight data interchange format which is easy for humans to read and write. JSON is a text format that is completely language independent but uses conventions familiar to programmers of the C-family of languages.
  • JSON is useful for exchanging and retrieving data that needs to be manipulated or mashed up.
  • Previously, people have been using XML for interchanging data but this is accompanied with some bumps. However, JSON seamlessly communicates with each other.

2) Ruby On Rails

 

  • Preferably called as RoR, is a server-side web application framework that provides default structures for a database, a web service, and a web page. On the whole, this helps to build a modern web application.
  • Many applications like GitHub, BaseCamp, Airbnb, Twitch and SoundCloud had been built with the help of this framework.
  • RoR is an open source software which is free to use and make best out of it.
  • Powerful web applications which were built in a span of more than 20 days can be made in a single day with RoR.
    Famous web applications like Twitter and Groupon are also using it.

3) NoSQL

 

  • This technology can be used to store an enormous amount of data. NoSQL can be used to store as well as retrieve the stored data efficiently with the bulk of processing done at the interface layer.
  • CouchDB, MongoDB, Redis, and Cassandra are a few popular NoSQL databases.
  • One can store and retrieve large amount without affecting the performance.
  • Social media giants like Facebook, Google, Twitter and Yahoo have been using this.

4) Django

  • This is a complete high level web framework that encourages clean and rapid design. It ensures a hassle free web development so that you can be focused on your app. It’s free and an open source. It is ridiculously fast, reassuringly secure and exceedingly scalable.
  • Just like RoR, you can make web applications in Django.
  • Instagram, Pinterest, Disqus, and EventBrite have been using Django for its web development process.

5) Cloud Computing

  • May be you all are aware of cloud computing. It is an internet based computing that provides shared computer processing resources and data.
  • Cloud Computing provides users and enterprises with various capabilities to store and process their data in either privately owned or third party data centers.
  • Cloud Computing enables the organizations to focus on their business instead of spending valuable time and money on computer infrastructure.
    Pinterest, Airbnb, Quora and NASA have been using it.

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Uber in Talks to Acquire EV Ride-Hailing Startup BluSmart

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StartupStories - Uber

Uber Technologies is reportedly in early discussions to acquire BluSmart Mobility, a Gurugram-based electric vehicle (EV) ride-hailing startup. The potential deal comes as BluSmart’s parent company, Gensol Engineering, faces financial challenges and explores exiting the capital-intensive EV business.

BluSmart’s Unique Model

Founded in 2019, BluSmart operates an all-electric fleet of over 5,000 vehicles across cities like Delhi-NCR, Mumbai, and Bengaluru. Unlike competitors such as Uber and Ola, BluSmart directly owns its fleet and manages its charging infrastructure. While this model promotes sustainability and premium services, it has led to high operational costs.

Strategic Fit for Uber

Acquiring BluSmart could help Uber expand its EV footprint in India, complementing its “Uber Green” initiative and plans to deploy 25,000 Tata EVs. BluSmart’s fleet and charging network would provide a strategic edge as Uber competes with rivals like Ola and Rapido in the growing EV market.

Financial Pressures on BluSmart

Despite raising over $109 million in funding, BluSmart has struggled with profitability due to high capital expenditures and delays in government EV subsidies. Gensol Engineering’s liquidity issues have further fueled speculation about a potential sale.

Denial of Acquisition Talks

BluSmart has denied any ongoing discussions with Uber, calling such reports speculative. However, industry experts believe the acquisition could reshape India’s EV ride-hailing sector if finalized.

Conclusion

While no deal has been confirmed, Uber’s interest in BluSmart underscores the growing competition in India’s EV mobility space. If successful, this acquisition could strengthen Uber’s sustainability goals while addressing BluSmart’s financial challenges.

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Startup News

Groww in Talks to Acquire Wealthtech Startup Fisdom

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StartupStories - Groww

Investment tech unicorn Groww, India’s largest stock broking platform, is reportedly in early discussions to acquire Fisdom, a Bengaluru-based wealthtech startup backed by PayU. The deal could value Fisdom between $140 million and $160 million and aligns with Groww’s strategy to diversify its offerings ahead of its anticipated IPO later this year.

About Groww and Fisdom

Groww, founded in 2016, is known for simplifying financial services and is India’s leading distributor of mutual fund SIPs. The company aims to expand beyond trading and mutual fund distribution as it prepares for an IPO that could value it between $6 billion and $8 billion.

Fisdom, established in 2015, offers financial services such as mutual fund investments, insurance, tax filing, and private wealth management. It powers banks and distributors for selling mutual funds and recently launched portfolio management services for high-net-worth individuals (HNIs).

Strategic Implications

The acquisition would allow Groww to leverage Fisdom’s distribution technology and private wealth management expertise. This move could complement Groww’s new wealth platform, “W by Groww,” and help diversify its revenue streams amid regulatory changes impacting derivative trading.

Conclusion

If finalized, the acquisition would strengthen Groww’s position in the wealth management sector while providing Fisdom with growth capital to expand its operations. Regulatory approvals could take up to six months to complete the deal.

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Swiggy Launches “Snacc” for 10-Minute Delivery of Snacks and Beverages

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Swiggy Launches "Snacc" for 10-Minute Delivery of Snacks and Beverages

Swiggy, the leading food delivery platform in India, has launched a new standalone app called “Snacc” to cater to the growing demand for ultra-fast food delivery. This innovative service aims to provide quick access to snacks, beverages, and light meals, enhancing the overall customer experience.

Focus on Speed and Convenience

Snacc specializes in delivering snacks and beverages within 10-15 minutes. The app operates from centralized hubs stocked with ready-to-serve items, ensuring rapid order fulfillment. This new service directly competes with other players in the 10-minute delivery space, such as Zepto Cafe and Blinkit Bistro, which have also entered the market with similar offerings.

Key Features

  • Dedicated App: Snacc operates as a separate app, providing a streamlined user experience specifically designed for quick bites.
  • Focus on Speed: The core promise of the service is a 10-15 minute delivery window, making it an attractive option for consumers seeking immediate satisfaction.
  • Centralized Hubs: Utilizing centralized hubs allows for faster order fulfillment and efficient delivery logistics.

Market Impact

The launch of Snacc reflects the increasing demand for convenient and on-demand food delivery services in India. As consumer preferences shift towards quick and accessible food options, Swiggy aims to capitalize on this trend by offering a dedicated platform for snacks and beverages.

Competitive Landscape

The introduction of Snacc comes at a time when competition in the quick food delivery market is intensifying. Other players, including Zomato and Blinkit, are also expanding their services to meet consumer demand for speedier delivery options. Zomato has recently launched its own 15-minute food delivery service in select cities, further escalating competition.

Challenges

While the 10-minute delivery model presents significant opportunities, it also poses challenges such as:

  • Maintaining Food Quality: Ensuring that food remains fresh and meets quality standards during rapid delivery.
  • Timely Delivery: Managing logistics effectively to meet the promised delivery times.
  • Operational Costs: Balancing speed with cost efficiency to maintain profitability.

Conclusion

Swiggy’s launch of Snacc marks a significant step in the evolution of the Indian food delivery market. By strategically positioning itself to cater to the evolving needs of consumers, Swiggy is set to capitalize on the growing demand for quick and convenient food options. As competition heats up in this space, Snacc aims to establish itself as a go-to solution for those seeking fast snacks and beverages, ultimately enhancing Swiggy’s overall service portfolio.

 

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