Paisabazaar has raised $31.58 million (Rs 200 crore) from EtechAces Marketing and Consulting Private Limited, the parent firm of both Paisabazaar and Policybazaar. The funding comes as a part of $78.9 million raised by EtechAces from existing and new investors, which include True North and IDG Venture Partners in October 2017. Since its commencement, the business of…

Quick Heal Security Labs today reported of finding an Android malware named 'Android.banker.A9480' that has victimized over 232 banks from all over the world including a few from India. This Trojan malware is devised to steal personal information from users. Once activated, this malware gains an unauthorized access login data, SMS, contact lists and uploads them…

WP Engine, a company that regulates Wordpress websites for businesses has raised $250 million in funding led by private equity giant Silver Lake. It is one of the largest WordPress hosts available in the market. The company intends to use the recently acquired financing to accelerate its international growth and continue to develop its Digital Experience Platform, the…

Pune based Fintech startup EarlySalary has raised $15.7 million in a Series B funding round led by Eight Roads Ventures India along with the participation of existing investors including IDG Ventures India, Dewan Housing Finance Corp Ltd (DHFL) and seed investor Ashok Agarwal. In 2015, Ashok Agarwal invested around $1.5 million in the Fintech startup. In May 2017, DHFL…

India's e-commerce giant Flipkart has infused $257 million (Rs 1632 crore) in its logistics arm Ekart, which is operated by Instakart Services. The amount was invested in three tranches through Singapore-based group company Klick2Shop Logistics Services International Pte from October and November. On October 9, 2017, Klick2Shop invested $50.8 million followed by 2 more rounds of investment…

Wixen Music Publishing, the famous publisher that represents eminent artists like Tom Petty, Missy Elliot, Stevie Nicks and Neil Young has filed a $1.6 billion lawsuit against Spotify. The lawsuit alleges Spotify of copyright infringement stating that thousands of songs on the platform do not have a proper license and seeks around $1.6 billion in…