• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

All Indian Team led by PayPal EIR Akshay Krishnaiah Wins Money2020’s Global FinTech Hackathon

by Dipti Gore
October 28, 2015 - Updated On October 30, 2015
in News, Trending
Reading Time: 2 mins read
0
All Indian Team led by PayPal EIR Akshay Krishnaiah Wins Money2020’s Global FinTech Hackathon
TwitterWhatsappLinkedin

 EIR1

You might also like

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

*Akshay Krishnaiah seen here on stage with the team at Money2020.

October 28, 2015, Nevada: PayPal Entrepreneur-In-Residence Akshay Krishnaiah & his all Indian team of Ex-IITians Kamaldeep Singh Thethi, Nikant Vohra & Singhad Tech Elite Rohan Benkar, was named a winner at Money2020’s global hackathon on Monday in Las Vegas. The 24-hour hackathon, which is considered to be the fintech world’s top hackathon, brought together 600 leading engineers from some of the world’s most notable companies and accelerators — including Poynt, Dropbox and YCombinator. The event resulted in a total of 165 projects and leverage technologies ranging from virtual reality to Bluetooth.

eir2

“We decided to take on Mastercard’s hackathon challenge, which was to build a VIP shopping experience by leveraging the power of connected devices and data visualization, said Akshay Krishnaiah, who led the team. “To do so, we built GoCart, which we described as the Uber for everyday shopping.”

The four-person team took the concept of online and mobile conversion optimization and applied it to an in-store experience. “We call it aisle-conversion optimization,” Akshay said.

The GoCart app gives in-store consumers three options:

 

  1. Cart-free shopping. Consumers do their shopping chores without the need for a cart, items automagically appear on their mobile device based on which Aisle they are in, allowing them to add them to their cart and edit the quantity. When done, shoppers pay right on their phones like they would for all their online shopping without the need to stand in line or checkout at a assisted lane. Receipts appear right on the app for review/returns etc and bags are handed to them at exit, eliminating the need for awkward shopping cart jujitsu especially when with kids.

eir3

 

  1. Line free checkout. Similar to Cart Free checkout but shoppers get to pick up products themselves. Once shoppers complete payment, the intelligent system computes the nearest & most free associate and dispatches them to the shopper for quick verification, allowing them checkout from wherever they are in store. Yet again eliminating the need for lines or lanes.

eir4

 

  1. Curbside checkout. This solution would enable shoppers to buy online or on their mobile device and have their items ready for pickup without even having to get out of their car.

eir5

The winning All Indian team, whose pitch was also selected as the audience favorite, was presented with a check of $5,000 from Legendary Entrepreneur Vinod Khosla of Khosla Ventures, along with ten other teams who picked one of 13 challenges posted by various sponsors. The All Indian Team is also invited to the winner’s meet by MasterCard in the coming weeks.

 

 

 

 

Tags: Akshay KrishnaiahGlobal FinTech HackathonhackathonMoney2020Paypal
Tweet55SendShare15
Previous Post

B2BSphere – An integrated market network to search, connect and trade in the B2B ecosystem

Next Post

Care24 raises seed fund of USD 350,000 from India Quotient

Dipti Gore

Recommended For You

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

by Anochie Esther
July 10, 2025
0
NRIs

US President Donald Trump on Wednesday, July 9, 2025, announced a fresh wave of tariff demand letters, signaling a renewed and assertive push in his administration's trade policy....

Read more

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

by Anochie Esther
July 10, 2025
0
Starlink

After years of anticipation and navigating a complex regulatory landscape, Elon Musk's satellite internet venture, Starlink, has finally received the definitive green light to launch commercial operations in...

Read more

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

by Anochie Esther
July 10, 2025
0
Nvidia

Nvidia, the undisputed leader in graphics processing units (GPUs) and a pivotal force in the artificial intelligence (AI) revolution, achieved a historic milestone on Wednesday, July 9, 2025....

Read more
Next Post
Care24 raises seed fund of USD 350,000 from India Quotient

Care24 raises seed fund of USD 350,000 from India Quotient

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?