1. Industry body urges government to create Rs 25,000-crore fund for startups A startup industry collective founded by leading homegrown entrepreneurs has requested the government to create a Rs 25,000-crore fund to help the digital ecosystem tide over a liquidity crisis triggered by the Covid-19 pandemic. The Delhi-based Startup…
1. Investors, startup founders in India pool $13M to fund projects that fight coronavirus The investors said they have contributed 1 billion Indian rupees — or $13 million — of their own money to the ACT Grants initiative, which was unveiled late last month. The group — which includes…
1. Flipkart invests $90 million more in marketplace, PhonePe platform Flipkart has pumped a combined $90 million into its marketplace entity and digital payments platform PhonePe, according to regulatory filings made in Singapore. This takes the total fund infusion in PhonePe to $928 million till date, and Flipkart marketplace…
1. Paytm in funding talks with Microsoft to build war chest Mumbai: Digital payments firm Paytm has held talks with US technology giant, Microsoft for fresh funding as the company looks to boost its war chest to fight growing competition in the sector, two people in the know said….
1. WhatsApp’s Struggles With Digital Payments Launch In India Could End Next Month Even the apex bank had also asked the NPCI to not allow WhatsApp Payments’ launch until it was fully compliant with the data localisation norm, last year. In November 2019, RBI had also informed the Supreme…
1. Google Shopping To Let Merchants List Products For Free In a big push for ecommerce amid Covid-19 restrictions, global tech giant Google on Tuesday said it is advancing its plans to make it free for merchants to sell on Google Shopping. The move will be in place by…
1. Funding for unicorns, smaller startups may be hit as India reinforces FDI wall India’s top startup unicorns – including Paytm, Zomato, BigBasket and Dream11 – that count Chinese investors among their largest backers are likely to face delays in raising capital after the government said all foreign direct…
1. Guru Raises $30M From Accel, Slack & Others As Philly Startup Scene Heats Up Guru, a Philadelphia-based collaborative knowledge management software provider, has raised $30 million in a Series C funding round led by Accel. Existing backers including Emergence Capital, FirstMark Capital, Slack and Michael Dell’s MSD Capital…
1. Uber says Levandowski is on his own for $180 million to Google Uber Technologies Inc. says a guilty plea by its former star engineer is proof that he’s a liar — and supports its decision to make Anthony Levandowski alone shoulder a $180 million legal award Google won…
1. Tech giants use algorithms to step up fight against coronavirus misinformation Potentially dangerous coronavirus misinformation has spread from continent to continent like the pandemic itself, forcing the world’s largest tech companies to take unprecedented action to protect public health. Facebook, Google and others have begun using algorithms, new…