Waymo want Uber to Pay Whopping $2.6 billion for Single Trade Theft

Waymo seeks $2.6 billion from Uber for trade theft Waymo, self-driving car unit of Alphabet Inc (parent company of Google) wants $2.6 billion as financial compensation from Uber for allegedly stealing a trade secret, which Google claims is one of the several trade secrets that the cab hailing company has stolen. The compensation figure for the…

ByGirish ShettiSeptember 21, 20170Comments

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Online travel platform Yatra raises $15.4 million venture debt from InnoVen Capital

Yatra, India's second largest online travel operator has raised $15.4 million (Rs. 100 crores) from InnoVen Capital. This is India's largest debt transaction to date. Founded in the year 2006 by Sabina Chopra and Manish Amin, Yatra went public in 2016. Innoven Capital, backed by Singapore's Temasek, has invested for the second time in Yatra. In 2013, it…

ByPrashant SharmaSeptember 21, 20170Comments

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Google Acquires HTC’s Engineering Team in Bid to Aid Hardware Business

Google Acquires HTC’s Engineering Team. Alphabet Inc, parent company of search engine giant Google, has agreed to acquire part of HTC Corp.’s engineering and design teams for nearly $1.1 billion. This latest acquisition is expected to help the U.S. search giant in bolstering its nascent hardware business and to better compete with arch rival Apple. As per…

ByGirish ShettiSeptember 21, 20170Comments

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Cloud storage startup Minio raises $20 million in Series A funding

Bengaluru based cloud storage startup Minio has raised $20 million in a Series A funding led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners. Intel Capital, Yahoo co-founder Jerry Yang-led AME Cloud Ventures, and Steve Singh, CEO of software technology providing company Docker also participated in the funding round. Minio will use the recently raised…

ByPrashant SharmaSeptember 20, 20170Comments

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Chris Gayle Bats for Augmented Reality Startup FlippAR: Report

West India’s swashbuckling opener Chris Gayle has reportedly picked up minority stake in Bengaluru based Augmented Reality firm FlippAR. Reports further claimed that Gayle won’t be brining any money on the table, but would be freely endorsing FlippAR's app in lieu of his investment. However, how much stake Gayle would take up in the startup is…

ByGirish ShettiSeptember 20, 20170Comments

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Bengaluru based B2B Saas Startup Noticeboard Raises Fresh Funding

Noticeboard raises undisclosed amount in fresh funding. The Bengaluru based B2B mobility startup Noticeboard has raked up undisclosed amount of funding from former Myntra CTO Shamik Sharma and TaxiForSure co-founder Aprameya Radhakrishna. Following the funding, both Sharma and Radhakrishna will come on company’s board as advisors or mentors. This is the second round of funding for the…

ByGirish ShettiSeptember 20, 20170Comments

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B2B online marketplace Power2SME raises $36 million from existing investors

Gurugram based B2B e-commerce Power2SME announced today that it has raised $36 million in a Series E funding round led by its existing investors, Inventus Capital Partners, Accel, Kalaari Capital and Nandan Nilekani with participation from IFC. The newly raised financing will be used by the company for its geographical expansion, introduce a new series of products…

ByPrashant SharmaSeptember 19, 20170Comments

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Paytm in Talks to Acquire Bengaluru based Online Travel Company: Report

Paytm may acquire online travel company Via.com. Digital payment major Paytm is reportedly in discussion to acquire online travel firm Via.com in a bid to get strong foot holding in travel & hospitality business. The Noida based startup is believed to have initiated the preliminary discussions, though preliminary sheet is yet to be signed. The major…

ByGirish ShettiSeptember 19, 20170Comments

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Workplace collaboration tool Slack raises $250 million led by SoftBank

Popular workplace collaboration tool Slack has been valued at $5.1 billion post the latest financing of $250 million led by Softbank Vision Fund. The latest funding is a part of Softbank's newly instituted $100 billion vision fund and has lifted Slack's total fundraising to $841 million making it one of the best-financed business software startups. This…

ByPrashant SharmaSeptember 18, 20170Comments

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Mitsubishi Eyeing Minority Stake in Warehouse Robotic Startup GreyOrange: Report

Mitsubishi eyes stake in GreyOrange. One of Japan’s largest conglomerates – Mitsubishi – is planning to pick up a minority stake in warehouse robotic startup GreyOrange, according to two sources familiar with the development. Sources further claimed that the existing investor Tiger Global may also participate in this round and the investment is being clocked just…

ByGirish ShettiSeptember 18, 20170Comments

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