Rooter raises funds from Intex Technologies

Intex Technologies, a mobile handset and consumer electronics company, today said it has invested in Rooter, a sports engagement platform, thus marking its foray in start up funding.

"Intex Technologies...Is now entering into funding innovative start-ups with the first being Rooter - the world's first digital platform that connects, engages and helps sports audiences to interact with each other on a real-time basis during an event," an Intex Technologies statement said.

Commenting on the investment, Keshav Bansal, Director, Intex Technologies said, "As sports is an extremely emotion-driven phenomenon and the sports fan engagement platform is a completely uncharted territory, Rooter has limitless scope for growth...By funding start-up ventures like Rooter, we want to take brand Intex to the next level where it connects with the global audience.
 

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Shoppers Stop ties up with ToneTag for payment solution * Fashion retailer Shoppers Stop has tied up with proximity communications firm ToneTag to integrate and deploy ToneTag's sound-based contact less payments at its stores.

This technology will enable customers to make cardless, cashless and contactless payments at Shoppers Stop stores across India, the company said in a statement.

ToneTag's break-through technology uses audio signals or tone tags for data exchange between devices. Payment instructions can be transmitted, using a sound signal, through a traditional phone line, without any additional hardware or software requirements or dependencies.

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Parryware launches Agate Pro range

* Bathroom products maker Parryware has launched a new range of faucets 'Agate Pro'.

The range offers improved functionality with an unmatched warranty of 10 years and customer care support, the company statement said.

Commenting on the new range, Roca Bathroom Products Managing Director KE Ranganathan said: "Being a leader in the global bathroom space and completing a decade in faucets, we are delighted to strengthen our range with the launch of Agate Pro.