Cyber attacks can cost up to $10M; Zomato to soon deliver food using drones

Cyber attacks can cost up to $10M; Zomato to soon deliver food using drones

Thursday December 06, 2018,

3 min Read

With small and big businesses moving on to the digital space, cybersecurity has become one of the biggest concerns. If the latest study is to be believed, a large-sized Indian firm stands to incur a loss of around $10.3 million from cyber attacks. And this is without taking into account other factors like job losses, as seen in various instances.

Cyber attacks

Drone at your doorstep: Zomato takes a huge step to modernise food delivery

One step at a time, food delivery unicorn Zomato is changing the game when it comes to the way how people order food and get it delivered to their doorstep. The company recently acquired a Lucknow-based startup that works exclusively on drones, TechEagle Innovations. With this, Zomato aims to create and use technology that will enable delivery of food via drones in the near future.

Deepinder Goyal, Co-founder and CEO, Zomato and Gaurav Gupta, COO, Zomato

Facilio raises $6.4 M in Series A funding Tiger Global

Facilio, the startup offering facilities optimisation using artificial intelligence (AI) and the internet of things (IoT), recently raised $6.4 million during Series A funding. The round was led by Tiger Global and existing investor Accel Partners. As for future goals, the funds raised will be used by the team to pursue their expansion and consolidation plans and also for R&D for product innovation.

Gurugram-based startup BuildSupply raises $3.5 M from Venture Highway

Real estate ecommerce platform BuildSupply announced it has raised $3.5 million in Series A funding from Venture Highway, a venture capital company. Other investors participating in this round included Amit Singhal, ex-Head of Google Search, and existing investors Gree Ventures, Sonny Kalsi, GreenOak founder, the Space Matrix Group and the Co-founders of Livspace. “We will use the funds to accelerate our sales and tech hiring…” added Sameer Nayar, CEO and Founder of BuildSupply.

Hotels association puts MakeMyTrip and Goibibo on notice

The Federation of Hotel & Restaurant Associations of India (FHRAI) has written to MakeMyTrip and Goibibo, warning them of a nationwide protest, if current issues were "not amicably resolved”. In a statement, the pan-India federation has alleged that these OTAs’ business practices are "exploitative, unethical and divisive leading to predatory pricing and other market distortions, which has a potential to harm both hoteliers and consumers in the long term".

A screenshot of the statements issued by MakeMyTrip and Goibibo

Bose announces the launch of Frames, the audio-only AR sunglasses

Combining the offerings of augmented reality (AR) and its high-tech audio equipment designs, Bose has finally come up with its own range of AR sunglasses. Priced at $199, the new-age glasses will not only allow users to stream music but also receive and make voice calls and interact with Siri and Google Assistant.

Bose AR sunglass

Looking for couple-friendly hotels? Delhi-based LuvStay is here to help

We might have traced our way to the outer-space, but when it comes to finding an affordable hotel room for unmarried couples minus any complication – people seem to take two steps back into the obsolete. Joining the bandwagon to solve this gigantic, everyday issue is Delhi-based hotel aggregator LuvStay, who assures safe, clean, and couple-friendly hotels.

The team at Luvstay

Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!