A very popular yet secretive mixed reality startup Magic Leap announced that it has raised $502 million in a series D funding round led by Singapore sovereign wealth fund Temasek. Other popular investors like  EDBI, Grupo Globo, Janus Henderson, Alibaba Group, Fidelity Management also participated in the funding round. A Delaware filing confirmed that Magic Leap…

Mumbai based digital payments and meal vouchers company Zeta has joined hands with Kotak Mahindra Bank to extend its newly launched payment solution Paymint for corporate employees who have their salary accounts with the bank. Zeta's digital payment solutions are currently used by over 1,500 corporate organizations for their employees. It manages around 3 million transactions per month.…

Wi-Fi security protocol WPA2 (Wi-Fi Protected Access 2) is vulnerable to Key re-installation attacks as per Security researcher Mathy Vanhoef who has made a public announcement regarding this WPA2 vulnerability. This serious exploit in the WPA2 standard protocol has been code named KRACK which uses the key re-installation technique that allows attackers to eavesdrop on the…

Anup Vikal, the Chief Financial Officer (CFO) and general counsel of Jasper Infotech, which is the parent company of the online marketplace Snapdeal has resigned from the company. The resignation comes just two months after the scheduled acquisition by the rival Flipkart crumpled. Anup Vikal may join Essar Oil soon. He joined Snapdeal in October 2015…

The Technology giant IBM is one of the fore-runners in implementing their  own Blockchain which is a distributed ledger that can hold all the financial transaction details in the form of blocks that are linked together and secured through cryptography.  The company has announced a customized solution for banks to make cross-border payments faster using…

With the festive season right around the corner, the Seattle based e-commerce giant Amazon has invested $250 million (Rs. 1620 crores) in Amazon Seller Services, its India-based seller operations unit to cope up with the competition from Flipkart. According to latest regulatory filings, documents filed with the Registrar of Companies (RoC) reveal that he investment was made…

Gurugram-based online insurance aggregator RenewBuy has $9.2 million (roughly Rs. 60 crores) in its second round of funding led by growth stage investment firm Amicus Capital. The web-based motor insurance platform had earlier raised $2.5 million in a Series-A funding from Singapore-based Mount Nathan Advisors. The is the maiden deal of Amicus Capital out of $86 million…

India's largest eCommerce retailer, Flipkart Ltd has been having initial talks with the ticketing platform "BookmyShow" with an aim to purchase a large minority stake.  They have initiated this deal with an intention to provide the transaction offerings and services against existing competitors like PayTM. Flipkart's major share holder Tiger Global has shown interest in…

Banglore based online re-seller marketplace Meesho has raised $3.4 million the latest funding round led by SAIF partners. Its existing investors  Y Combinator and Venture Highway also participated in the funding round. The latest funding brought the total funding raised by the startup to $3.7 million.  Meesho will use the newly acquired funding to launch new…

Today, Facebook announced a new feature through which users can order food from local restaurants using the Facebook mobile app as well as its website. Facebook has not come with their own independent solution. Instead, the company has partnered with a number of established organizations in the industry like EatStreet, Delivery.com, DoorDash, ChowNow, Olo, Zuppler, and…