Author: Girish Shetti

While today almost all renowned companies have embraced Artificial intelligence (AI) enabled robots for productivity purposes, but the one company that has been at the forefront of this crusade is Amazon. The Seattle based e-commerce giant has lapped up the robotic revolution like no other company has done and this apparently has augured well for the company. But Amazon’s thumping success in AI has meant that its existing employees are now forced to do new roles within the organization. Take for instance Nissa Scott, 21, who was employed at Amazon’s warehouse in southern New Jersey last year. Her job was…

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This week more than 10 Indian startups managed to rake up $300 m in funding, making it probably one of the busiest weeks for startups this year. Although $300 m may not be a very significant investment amount, but is worth appreciating that many startups hailed from lot of diverse sectors. This includes sectors like hotel aggregation, Fintech, healthcare, e-commerce and niche sector like pet care. Here is a look down on some of the leading the startups that managed to land a pay cheque from investors this week. OYO raises 250 Mn from SoftBank & Other investors: The first…

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Streamroot, a startup delivering innovative over-the-top (OTT) video delivery solutions, has secured fresh funding of $3.2 million from clutch of high profile VC firms. These VC firms include Techstars Venture Capital Fund, Verizon Ventures and R/GA. Existing investor Partech Ventures also participated in the current round. With the latest round of funding, Streamroot’s total funding has risen to $6 million. Established in 2013, Streamroot developed what it claims to be the world’s first webRTC based peer-to-peer delivery technology for online video broadcasters. Through this unique technology, this French startup is challenging the traditional server-based content delivery (CDN) system. The company’s…

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The co-working space giant WeWork has officially opened its second center in India with the unveiling of “WeWork BKC” in Bandra Kurla Complex (BKC), one of the main economic hubs of the financial city Mumbai. This comes barely two months after WeWork raised the curtains over its first ever indian center in Bengaluru city. WeWork BKC is spread across whopping 1.9 Lakh sq. ft and boosts a seating capacity of more than 1900 people. The look and feel of the center is reportedly on par with the international design and aesthetic standards. Evidently, the New York based company worked really…

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The fear that Artificial Intelligence (AI) is stealing precious human jobs is sheer rubbish. This startling revelation has come forth through a recent global survey conducted by the IT consulting giant Capgemini. This Capgemini survey may actually end up busting some serious myths about AI’s negative impact on job sector, with the survey even claiming that AI (contrary to public opinion) is adding lot of jobs across the companies. This global survey conducted across 1,000 organizations, who are applying some sort of AI solutions, praised AI for offering comprehensive benefits. Nearly 83% of the organizations claimed that AI has created…

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Credit scoring startup CreditVidya has bagged nearly $5 Mn (Rs 32 crore) through fresh round of funding led by Matrix Partners India. Existing investor Kalaari Capital, which invested approximately $2 million last year, also participated in the round. As part of the pre-arranged deal, CreditVidya allotted 5,951 Series B compulsorily convertible cumulative preference shares and additional 100 equity shares to the investing companies. This is according to the documents filed with Ministry of Corporate Affairs. CreditVidya’s parent company will be using the fresh funds to introduce whole new gamut of anti-fraud and verification services under its existing big data underwriting…

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IBM and MIT university will be collaborating together to conduct a comprehensive research on Artificial Intelligence (AI) at a new state-of-the art lab. This new lab will be called The MIT-IBM Watson AI Lab, and IBM will be investing nearly $240 million in this new lab over the span of 10 years. The mission of this new lab includes developing new AI algorithms, creating new sophisticated hardware for AI computation, developing AI that can be used for specific industries and evaluating the impact of AI on important social issues. As per the deal, the intellectual properties of all the…

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Finally (and I literally mean it) we’ve an app that aims not just to redefine but also revolutionize our viral video experience. There can be little argument over the fact that for too long we’ve been waiting for good video apps that can helps us in getting rid of those pretentious and fake viral videos going around the Youtube and our social media pages. After all, for how long are we going to live up with those half-hearted and hollow smiles. We all deserve real smiles and truly joyous moments. With these expectations, I logged into the world of Swish…

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Mazkara, which owns online salon platform Fabogo, has acquired Mumbai-based software firm BazingaLabs for an undisclosed amount. The acquisition deal is reportedly part cash and part equity. Mazkara said in an official statement that through this acquisition Fabogo will seek to leverage BazingaLabs’ expertise in mobile technology and thereby consolidate its presence among smartphone users. Fabogo is an online platform that enables users to find best saloons and spas in cities like Pune, Mumbai, Dubai, Sharjah and Abu Dhabi. Its parent company Mazkara was incorporated by Prasanjeet Roy and Mohammad Ali in 2015. The parent company recently received third trench…

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Private equity investor True North and venture capital firm IDG Ventures India are planning nearly $20 million investment in ETechAces Marketing and Consulting (parent company of online insurance aggregator PolicyBazaar), according to sources close to the matter. This investment is reportedly part of $78 million (Rs 500 crore) round led by asset management giant Wellington Management. This latest round of funding will apparently help PolicyBazaar in partly meeting the IRDA’S (Insurance Regulatory and Development Authority of India) investment criteria that mandates all Indian insurance companies to have 51% investment by domestic investors. True North and IDG Ventures have so far…

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It is no more raining funds for Indian startups. Since the mid-2015, funds have been hard to come by for most startup companies. Nonetheless, every week many promising startups still manage to win the faith of investors and this week was no different. What was special about this week was that quite a few healthcare startups managed to raise funds from investors. Here is a look down on all the startups that managed to rake up the funds this week. Curefit Raises Funds from Existing Investors    The first in our list is a well-known healthcare startup company that has been…

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Online drug seller 1mg has acquired online healthcare consultation platform Dawailelo for an undisclosed amount, according to statement issued by the company. After acquisition formalities are completed, the Dawailelo staff will report to 1mg COO Tanmay Saksena, the statement added. This is online drug seller’s fourth acquisition. Its last three acquisition includes multi-speciality e-hospital platform MediAngels, diagnostic e-commerce platform Medd.in and ayurvedic & homeopathic drug portal Homeobuy. With latest acquisition, 1mg is hoping to consolidate its presence in Tier II and III cities, region where Dawailelo has made a strong niche for itself. Since its inception in 2013, the Varanasi-based…

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