Paytm messaging service

With eye on Mutual Fund business, Paytm acquires Balance Tech

Paytm has acquired smart-savings management Startup Balance Tech. India’s largest digital wallet company Paytm has successfully acquired smart-savings management startup Balance Tech for an undisclosed amount. Reports claimed that the deal has been a complete non-cash deal and may very well be an acqui-hire. Bengaluru based Balance Tech is latest to join Paytm’s acquisition list. This year…

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Indian AI startups continue to march ahead as Racetrack raises $5 million

AI startup Racetrack raises $5 million. Barely days after Artificial Intelligence (AI) startup Antworks raised $15 mn, another AI startup has joined the fundraising list. This time it is Bengaluru based startup Racetrack, which has raised $5 million from clutch of high net-worth individuals (HNIs). However, names of these investors have not been disclosed. Racetrack uses the…

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