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Samsung's venture arm invests in hyperlocal discovery startup Magicpin

TMT

17 July, 2020

Samsung's venture arm invests in hyperlocal discovery startup Magicpin

Samast Technologies Pvt Ltd, which operates hyperlocal discovery platform Magicpin, has raised Rs 52 crore (about $7 million)...

Shiv Nadar steps down as HCL Tech chairman, daughter takes over

People

17 July, 2020

Shiv Nadar steps down as HCL Tech chairman, daughter takes over

Roshni Nadar Malhotra, the daughter of HCL Technologies Ltd founder Shiv Nadar, has been appointed as the chairperson of the ......

School Diary secures funding from The Chennai Angels

TMT

17 July, 2020

School Diary secures funding from The Chennai Angels

uFony Services Pvt. Ltd, a Pune-based edtech company, has raised funding from The Chennai Angels (TCA) and a few other ......

Ed-tech startup Vedantu scoops up $100 mn in Series D funding

TMT

16 July, 2020

Ed-tech startup Vedantu scoops up $100 mn in Series D funding

Vedantu Innovation Pvt. Ltd, which operates a live tutoring-focussed education-technology platform, has raised $100 million (Rs...

Alibaba's UCWeb lays off India staff, Club Factory halts payments after app ban

TMT

16 July, 2020

Alibaba's UCWeb lays off India staff, Club Factory halts payments after app ban

Alibaba Group Holding Ltd's subsidiary UC Web is slashing staff in India after a ban on 59 Chinese-origin mobile apps ......

Reliance emerging as bigger threat for Amazon, Walmart

TMT

16 July, 2020

Reliance emerging as bigger threat for Amazon, Walmart

A $20 billion fund raising spree may take India's Reliance closer to its dream of becoming a digital giant, further ......

Customer intelligence firm Zeotap raises Series C funding

TMT

16 July, 2020

Customer intelligence firm Zeotap raises Series C funding

Zeotap Gmbh, a customer intelligence platform focused on helping clients understand and predict consumer behaviour, has announced...

LetsVenture syndicate backs used-car leasing startup PumPumPum

TMT

15 July, 2020

LetsVenture syndicate backs used-car leasing startup PumPumPum

PumPumPum, a used-car leasing startup, said on Wednesday it has raised Rs 2.2 crore ($292,800) in a seed funding round. The...

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

TMT

15 July, 2020

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

Reliance Industries Ltd said on Wednesday Alphabet Inc.’s Google will invest Rs 33,737 crore ($4.5 billion) in Jio Platforms...

Better Capital leads pre-seed funding round in neo-bank Walrus

TMT

15 July, 2020

Better Capital leads pre-seed funding round in neo-bank Walrus

Walrus Labs Pvt. Ltd, which operates an eponymous neo-banking platform primarily aimed at teenagers, has raised a pre-seed funding...

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