05 Sep 2019

Startup NEWS, Sep 5, 2019

1. UPI transactions top 900 million in August 

  • July saw 822 million transactions; use may touch 1 billion in the upcoming festival months.
  •  Newly released data from National Payments Corporation of India (NPCI) show that in August, a total of 918 million transactions worth Rs 1.54 lakh crore were processed on the interoperable digital payments channel; an 11.6% surge in volumes and 5.5% in value from the month of July, when 822 million transactions worth Rs 1.46 lakh crore were made.

Source: ET

2. Exfinity leads $5 million round in 3rdFlix 

  • The company aims to launch in international markets, including the US, Africa, UAE and Southeast Asia, in the next 18 months.
  • 3rdFlix plans to use the capital to expand the 6-12th-grade segment and launch immersive and experiential content later this year.

Source: ET

3. FPL Tech raises $4.5 million from Matrix, Sequoia 

  • The startup, which has already launched OneScore App for credit tracking, will also look to offer credit cards to consumers in partnership with banks.
  • There are over 300 million consumers whose credit scores are parked with credit bureaus like CIBIL and Experian, which is a potential market for FPL Technologies.

Source: ET

4. Atomberg Technologies lands $10 million in Series-A round 

  • The fresh funds will be used for amplifying distribution networks across all metro and non- metro cities and doubling down the existing R&D team to strengthen the IP further.
  • The hardware and IoT startup ecosystem in India, incentivised by the current Government’s Make in India program, has been witnessing an overwhelming boom in the last five years.

Source: ET

  • Founder and CEO Girish Mathrubootham unveiled Freshsuccess at the Refresh 19 conference in Las Vegas on Wednesday.
  • Freshsuccess helps teams track the health of a client account and “identify accounts that are either at risk or ready to buy more goods and services,” according to a release from the company. Freshsuccess will be generally available in January 2020.

Source: ET

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