08 Feb 2020

Startup NEWS, Feb 08, 2020

1. Over 4.5L card records from India uploaded on Darknet

  • A database containing more than 450,000 payment card details of Indian banks has been uploaded on to the darknet, Singapore-based cybersecurity company Group-IB has revealed.
  • The entire database has 461,976 payment card records, of which 98% belong to large Indian banks, the firm said, and was uploaded on to card shop website Joker’s Stash, used by cybercriminals to buy and sell card data on the darknet.
  • The database contains card numbers, expiry dates, CVV/CVC codes, full names of cardholders, email ids, phone numbers and addresses.
  • According to Group-IB estimates, the underground market value of the database is more than $4.2 million at $9 apiece.
  • As of February 6, 16 cards have been sold. The source of the database, however, remains unknown, Group-1B said.
  • The firm has informed the Indian Computer Emergency Response Team (CERT-In), the country’s nodal cyber security agency, about the sale of the payment records.

2. Mumbai Indians is first IPL team to get Rs 100 crore sponsorship

  • Mukesh Ambani-owned Indian Premier League (IPL) team Mumbai Indians has become the first Indian sports franchise to clock ₹100 crore in sponsorship revenue.
  • The four times winner franchise, arguably the most successful IPL team, has signed two new sponsors — Marriott Bonvoy and Astral Pipes — on its way to the new milestone, people in the know told ET.
  • A spokesperson for Mumbai Indians confirmed both deals and said the contract with Marriott Bonvoy — the loyalty programme for all the 30 hotel brands of Marriott International — is for three years.
  • The spokesperson did not share any financial details of the deals, but sources said the deal with Marriott Bonvoy is worth ₹30 crore, and that the Marriott Bonvoy logo will appear on the right chest of a player’s jersey.
  • Marriott Bonvoy has been associated with global sporting teams and brands including Manchester United, Formula One, Bayern Munich, NFL and the NBA. It is for the first time that the brand has signed a sponsorship deal with an India sports franchise. According to the spokesperson, Astral Pipes’ logo will occupy space on the non-leading arm of the players. Last year, MI had signed Samsung as its lead sponsor for three years, in a deal valued at ₹75 crore.

3. Infosys’ Kris Gopalakrishnan Says Startups Need To Look IPOs, HNI Investors Seriously

  • In India, many startups, which have already reached the unicorn status are still a long way off the initial public offering (IPO) path for raising new funds. Highlighting the issues that come out of this, Infosys cofounder and Axilor Ventures chairman Kris Gopalakrishnan said that his biggest complaint is that startups in India are not looking at IPOs seriously, even as they grow.
  • Speaking on the sidelines of the 5th edition of the ‘Seeding Kerala’ event organised by Kerala Startup Mission (KSUM), Gopalakrishnan added that startups are hesitant to go public, which is not difficult if you have the right products and services. “Let the Indian public own these startups and in return, they will get the wealth being created,” he was quoted as saying by ET.

4. Indian education startup Byju’s raises $200M from General Atlantic

  • Indian education firm Byju’s said on Friday that General Atlantic, an existing investor in the startup, has pumped additional money to join its new, ongoing financing round.
  • While the Bangalore-based startup, which helps students learn concepts from math and science using short videos, did not disclose the size of General Atlantic’s check, a source familiar with the matter told TechCrunch that the New York-headquartered equity firm had invested $200 million in the new round at a valuation of $8 billion.
  • The new round, which has helped Byju’s valuation climb from about $5.7 billion a year ago to $8 billion, has made the edtech startup the third most valuable private firm in India after financial services firm Paytm (valued at $16 billion) and budget-hotel operator Oyo (valued at $10 billion).

5. Accubits In Talks With SpaceX To Launch World’s First Enterprise Blockchain Satellite

  • US and India-based blockchain startup Accubits Technologies has announced plans to launch the world’s first enterprise blockchain satellite under a mission titled Chainsat. The entire project will cost around $1.2 Mn.
  • As part of the mission, Kerala-based Accubits will send a low earth satellite (LEO) weighing 12 Kg in the first quarter of 2021 to establish an enterprise blockchain ledger that can enable a secure transactional network for next-generation financial & IoT systems.
  • The company is currently in talks with Elon Musk’s SpaceX for the satellite launch vehicle.
About Philomathes Jigyasu

Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

Leave a Comment