Moglix, a leading Indian business-to-business (B2B) e-commerce startup has raised $12 million in a Series B funding led by International Finance Corporation (IFC), a member of the World Bank Group. Its existing investors, Jungle Ventures, Accel Partners, Shailesh Rao, ex-Vice President Twitter & Google and Venture Highway increased their investments. Also, California-based Rocketship.vc emerged on deck as a new…

The American co-working giant WeWork, which is the world's eighth largest unicorn with a sweet $17 billion valuation has made its entry into Bengaluru. Moreover, with plans to soon start in Mumbai in India. WeWork has begun with co-working space in Residency Road which is in the heart of Bengaluru, WeWork Galaxy. This place is iconic…

‘Not Just Startups’ is TechPluto’s daily series that packs top startup and tech news from across the globe. The only news that makes it to ‘Not Just Startups’ series is what’s worth your time. This is where news appears before becoming a trending one. __________  #15 DIGITAL TICKETING IS OUR FUTURE The future of ticketing might completely…

According to regulatory filings, Amazon has invested $260 million in India in past one month. This is a part of the whole $5 billion investment plan for the Indian e-commerce market. In a recent meet with the PM Narendra Modi, Jeff Bezos had cleared his intentions to keep the aim high for India and his…

The group behind Petya Ransomware which led to a global outrage and whose ill effects in India were seen on the terminals of JNPT (Jawahar Lal Nehru Port Trust) has made their first public statement. The announcement was left on DeepPaste which is a Tor-only announcement service. In the message, the creators of the Petya ransomware…

Worldpay has agreed to the acquisition offer from Vantiv and JPMorgan for an estimated sum of $10 Billion. Worldpay competes with the likes of PayPal, Stripe and lot other firms which work in the area of online payments and point of sale payments. The news has seen a fall in the prices of Worldpay shares.…

Foxconn is the largest manufacturer of electronics in the world. It makes sophisticated electronic items for some of the leading brands, including iPhone. The company has firmed up its plans to invest $5 billion in India. The manufacturing hub is going to export the products to Europe and US. It will serve as a parallel manufacturing…

The Indian government is pushing the Microsoft Corp to provide a massive discounted one-time deal to over 50 million Windows users. This offer is valid in India and if it goes through it will upgrade the existing windows to windows 10. The Indian Microsoft officials have agreed in principal to this request from the government. Cybersecurity…

The investment arm of General Electric, GE Energy Financial Services, has come to an agreement with RattanIndia Group to invest $90 million (INR 585 crore) in its solar project. The investment by both the parties is on a project that will develop 500-megawattt solar assets in the states of Rajasthan, Utter Pradesh, Karnataka, and Maharashtra. GE Energy…

The Indian government has confirmed the news of Petya ransomware attack on terminals of JNPT (Jawahar Lal Nehru Port Trust). The shipping ministry of India has verified that one of its terminals at JNPT has come under attack from ransomware. The centre of attack was Maersk's Hague office. Soon the government will come out with a…