TCS creates a new brand for promoting its AI product Ignio

India’s largest software exporter Tata Consultancy Services (TCS) is creating a separate brand to promote its AI product Ignio. The IT giant launched this Services-as-a-software platform a few years back to help its global customers run their operations in SAP more effectively. It is also integrated with SAP ERP and is the world’s first neural…

ByAnkit KumarSeptember 4, 20170Comments

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Indian Government issues warning about Locky Ransomware spreading via E-mail

The Indian government has issued an alert through Cyber Swachhta Kendra regarding the spread of new ransomware named “Locky” through email attachments. This new Locky ransomware will be able to lock all your important system files using an encryption algorithm. After locking all your critical files, you will be demanded for a ransom to unlock it. As per the…

ByAnkit KumarSeptember 3, 20170Comments

Funding News News

Weekly Funding Review: Healthcare Startups Grab Most Funds

Healthcare startups grabbed most amount of funds. 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…

ByGirish ShettiSeptember 2, 20170Comments

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Online Drug Seller 1mg Acquires Varanasi-based Dawailelo

1mg acquires Dawailelo for undisclosed amount. 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…

ByGirish ShettiSeptember 1, 20170Comments

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Healthcare Startup Mfine Bags $1.5 million Funding from Stellaris Venture

Mfine, a yet to be launched doctor consultation startup, has bagged $1.5 million (Rs 9.58 crore) in its first ever funding led by Stellaris Venture Partners. The round also saw participation of seasoned healthcare entrepreneurs Mayur Abhaya & Rohit M.A. As part of the deal, Ritesh Banglani – a partner in Stellaris Venture – will join…

ByGirish ShettiSeptember 1, 20170Comments

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Nexus-backed logistics startup GoPigeon Acquired by SaaS Firm Narvar

GoPigeon acquired by SaaS startup Narvar. A silicon valley based Saas startup Narvar Inc has acquired the Bengaluru headquartered logistic startup GoPigeon for an undisclosed amount. GoPigeon’s largest investor Nexus Venture Partners will become a shareholder in Narvar Inc following this deal. Additionally, GoPigeon’s top management including CEO Deovrat Singh and the entire engineering team will…

ByGirish ShettiAugust 31, 20170Comments

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Fintech startup Lendingkart Hires Mukesh Singh as new CTO

Lendingkart hires Mukesh Singh as new CTO. Fintech startup Lendingkart has hired Mukesh Singh as its new CTO (Chief Technology Officer), according to statement issued by the company. An alumnus from Indian Institute of Management (IIM) Bengaluru, Singh previously worked in SaaS startup SirionLabs and had a brief stint in Bitzer Mobile ( later acquired by…

ByGirish ShettiAugust 30, 20170Comments

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Budget Hotel Group Treebo Hotels Grabs Series C Funding of $34 million

Treebo Hotels raises $34 million funding. Budget hotel chain group Treebo Hotels has raked up $34 million (Rs 220 crore) through Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital, according to a statement issued by the company. The current investors SAIF Partners, Matrix Partners India, and Bertelsmann…

ByGirish ShettiAugust 30, 20170Comments

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Sequoia and Other Investors leads $30 Million funding in MedGenome

Diagnostics startup MedGenome Labs raises $30 million. Sequoia Capital and a new investor Sofina SA has led $30 million (Rs 192 crore) Series C funding in Bengaluru based genomics diagnostics startup MedGenome Labs Pvt. Ltd. The existing investor Zodius Capital and other well-known private investors including former Infosys founder Kris Gopalakrishnan & former Cognizant CEO Lakshmi…

ByGirish ShettiAugust 29, 20170Comments

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Paytm Mall Planning to Invest $200 million in Bigbasket, Amazon Eyes Stake in Grofers: Report

Paytm Mall to invest $200 million in Bigbasket: Report. Paytm’s e commerce arm Paytm Mall and its largest investor Alibaba are in talks to pick up significant stake in the online grocery major Bigbasket. The Noida based online marketplace has extended the exclusivity period of their negotiation by another two weeks, according to two people familiar…

ByGirish ShettiAugust 29, 20170Comments

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