20 Jan 2020

1. UC Browser Launches UC Drive Cloud Storage Service For Indian Market Alibaba’s UCWeb, which is known for its mobile browser app UC Browser, has announced the launch of its in-app cloud storage service in India. UC Drive helps users free up their smartphone’s internal storage and helps them…

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18 Jan 2020
Wipro Ventures announces $150M Fund II to invest in enterprise startups

1. Wipro Ventures announces $150M Fund II to invest in enterprise startups The investment arm of one of India’s largest IT companies by market capitalization, said on Thursday it has raised $150 million for its second fund as it looks to invest in more enterprise startups and venture capitalist…

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17 Jan 2020

1. Hyundai and Kia put over $110M into UK electric delivery vehicles startup Arrival Korean auto giants Hyundai and Kia put more than $110 million in U.K. startup Arrival, which emerged from relative stealth today. The investment immediately makes Arrival one of Britain’s most valuable startups, valuing it at…

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16 Jan 2020
Airbus signs contract with Bengaluru startup

1. Modi-Bezos Meet May Be Cancelled Tech giant Amazon’s CEO and founder Jeff Bezos may not be able to meet Indian Prime Minister Narendra Modi during his ongoing visit to India, as has been expected for the past month. According to an ET report, Amazon contacted the Prime Minister’s…

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15 Jan 2020
Oyo to shut doors on 2,400 Indian staffers

1. Amazon’s Indian Units Get INR 1715 Cr Infusion Ahead Of Jeff Bezos’ Visit At a time when Amazon is under the scanner of competition watchdog Competition Commission of India, its Indian units— Amazon Wholesale and Amazon Pay— have received fresh capital infusions. Amazon’s payments arm, Amazon Pay, received…

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14 Jan 2020
Microsoft Chooses 54 Startup

1. Microsoft Chooses 54 Startups To Strengthen Ecosystem In India Microsoft’s ‘Highway to a Hundred Unicorns,’ an initiative to help startups to scale up, has selected 54 startups from Gujarat, Maharashtra, Rajasthan, Kerala and Telangana in its efforts to enable the startup ecosystem in Tier 2 cities across the…

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13 Jan 2020

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…

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11 Jan 2020

1. Boeing’s ousted CEO departs with $62 million, even without severance pay. Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis. In addition to…

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09 Jan 2020

1. Inshorts launches location-based social network Public, logs a whopping 10 Mn users within 6 months. Location-based social network Public has registered a whopping 10 million users within 6 months of beta launch, becoming the fastest Indian social app to cross the milestone. Public allows people to record and…

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08 Jan 2020

1.GitHub, Mozilla, and Cloudflare appeal to India to be transparent about changes in its intermediary liability rules. Microsoft’s GitHub, Mozilla, and Cloudflare have urged India to be transparent about the amendments it is making to an upcoming law that could affect swathes of companies and the way more than…

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