1. Facebook has acquired Scape Technologies, the London-based computer vision startup Scape Technologies, the London-based computer vision startup working on location accuracy beyond the capabilities of GPS, has been acquired by Facebook, according to a regulatory filing. Full terms of the deal remain as yet unknown, although a Companies…
1. Two-year-old Indian ed-tech startup Doubtnut raises $15M Doubtnut, a Gurgaon-based startup that operates an app to help students learn and master concepts from math and science using short videos, has raised $15 million in a new financing round as it looks to serve more people in small cities…
1. Budget 2020: What 5G, AI, Startups and Technology Initiatives in India Can Expect The Union Budget 2020 is expected to be a major one for the government of India, particularly with the Indian economy under reported stress. Among other sectors, India’s Budget 2020 is expected to make multiple…
1. India’s fast-growing startups cut employee costs Fast-growing internet startups with high cash-burn rates have started downsizing staff — after years of ballooning wage bills — on the back of increased investor scrutiny of their money-guzzling business models. Big-name startups that have handed out pink slips recently or are…
1. Bull run for private technology funding market coming to an end: Softbank’s Deep Nishar Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation. SoftBank…
1. The real reason why Uber moved in: To simplify tax math Earlier this month, Uber restructured and moved its entire India business – which partially operated from the Netherlands under Uber BV – to the India-domiciled Uber India Systems. This is Uber’s first such restructuring since 2014. This…
1. Hyundai, Kia’s $300 million funding in Ola and its electric arm gets CCI nod The CCI had initially deemed the deal as invalid after ANI Technologies failed to provide details of the impact of the proposed combination on competition in the ride-hailing space. A modified proposal was then…
1. Indian-origin entrepreneur’s startup leads London fintech boom Among fintech investment deals on a global level, London has taken top spot in 2019, with a total of 114 deals, overtaking New York in second place (101). London also attracts a wider international variety of investors than other European hubs,…
1. Fintech counts on content to keep investors hooked Fintech startups offering stocks and mutual fund investments are leaning on specialised content to retain investor interest. Groww’s YouTube subscriber base has jumped to 31,000 from 5,000 and average views per video has shot up to more than 10,000 compared…