12 Nov 2019

1. Paytm plans to invest Rs 500 crore in tech startups The company said it expects to employ technology across the growing internet to become the dominant player in AI. The company typically invests Rs 200-250 crore every year in intellectual properties or companies building complementary technologies such as…

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07 Nov 2019

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…

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06 Nov 2019

1. Inside the high-stakes race to build the world’s first flying taxi Lilium, which has raised more than $100 million from investors, illustrates the high-wire act of the companies trying to live up to the hype. At least 20 companies are in the market, which Morgan Stanley estimates will…

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26 Oct 2019
iPhone image

1. Early Diwali hurts Amazon’s Q3 growth According to analysts, Amazon and rival Flipkart sold goods worth $3 billion, or about Rs 21,380 crore in India during the first leg of the festive sales period, a growth of 30% over last year. Analysts said Amazon’s India business reduced the…

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24 Oct 2019
Startup NEWS Oct 24, 2019

1. Google Pay net jumps 83% to Rs 33 lakh The firm also reported a jump of 100% in its net revenue, which has reached Rs 3.8 crore against Rs 1.9 crore a year ago. Google offers UPI-based mobile payments in India and payment services for multiple paid products…

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17 Oct 2019
Startup NEWS

1. Cars24 has closed $100 million in Series D funding Lead investors Unbound and KCK Global put in $25 million each. The latest fundraising comes a few months after Cars24 received its non-banking financial company license from the Reserve Bank of India. Source: ET 2. Intuition + intent + involvement:…

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15 Oct 2019

1. Ratan Tata to invest in Tork Motors Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months. I place good value on the sound logic and the approach that the team at Tork Motors has taken,” Tata Sons Chairman Emeritus Ratan Tata…

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12 Oct 2019

1. Ad-tech startup OneOneDay raises $1.3 million in pre-series A round The company lets users watch ads that they like and pays them for it, with a portion of the earnings also going to a social cause of the user’s choice. OneOneDay said it would use the funding to…

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11 Oct 2019

1. InnovationQore launches in India with Rs 50 crore funding start InnovationQore is in talks to raise more from private equity and venture capital firms, Ganesh Raju, the CEO, said. Turbostart plans to invest and accelerate at least 100 startups in the next two years. Source: ET 2. Social e-commerce…

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09 Oct 2019

1. Government to fund 100 startups to use its translation platform MeitY has started work on a natural language translation mission with government records as the initial database. The platform will be opened up for private use to allow big companies or startups to plug into it to offer…

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