24 Apr 2020

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…

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21 Apr 2020

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…

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20 Apr 2020
Uber says Levandowski is on his own for $180 million to Google

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…

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03 Apr 2020
Bigbasket, Flipkart look to hire cabs for deliveries

1. Sachin Bansal, others pump in over Rs 3,000 crore in Navi Technologies Navi Technologies, the financial services holding company controlled by Flipkart co-founder Sachin Bansal, has raised over Rs 3,000 crore, after he and other investors infused fresh capital into the Bengaluru-headquartered company. According to documents filed with…

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31 Mar 2020
Unacademy acquires Kreatryx to focus on engineering segment

1. From Flipkart to Uber, startups unite to deliver essentials E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to…

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26 Mar 2020
Video streaming services like Netflix

1. Tackling the virus: Big tech, ecomm pitch in for PM Innovate Challenge Technology companies such as Microsoft, Intel, Amazon Web Services and Flipkart have come forward to pitch ideas under the PM Innovate Challenge on Coronavirus, which was launched last week. The Challenge has already received more than…

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25 Mar 2020

1. BigBasket buys micro delivery startup DailyNinja BigBasket said it has acquired micro-delivery startup DailyNinja to consolidate its subscription delivery business. The deal is estimated to value Bengaluru-based DailyNinja at around Rs 48 crore in stock, people aware of the matter told ET requesting anonymity. The online grocery delivery…

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13 Mar 2020
Flipkart asks employees to work from home

1. Airtel acquires stake in fitness startup Spectacom Global Telecom major Bharti Airtel on Thursday said it has acquired a strategic stake in Spectacom Global under its Airtel Startup Accelerator Program that supports early-stage startups in India. The company, however, did not disclose the quantum of stake picked and…

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26 Feb 2020
Blockchain security startup CoolBitX

1. Blockchain security startup CoolBitX raises $16.75M Series B CoolBitX, a blockchain security startup based in Taiwan, announced today it has raised a $16.75 million Series B led by returning investor SBI Holdings, a Japanese financial group. Korean cryptocurrency exchange Bitsonic, Monex Group, another Japanese financial group and Taiwan’s…

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21 Jan 2020

1. Zomato Acquires Uber Eats Food Delivery Business In India As speculated for months now, Zomato has finally acquired Uber Eats’ food delivery business in India for $350 Mn, the Indian food delivery giant has announced. Uber Eats’ will continue to remain a separate brand. However, customers will be…

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