STARTUP WHICH IS LOOKING TO GUIDE SCHOOL KIDS TO MAKE BETTER CAREER CHOICES
Unherd wants to change the way school kids make their career decisions. Letting kids meet the mentors and learn about various verticals before making a final decision.
INDIAN ANGEL NETWORK BEGIN WORK IN ISRAEL
The India’s first and world’s largest angel investor group has today announced that it is launching operations in Israel. Israel is a popular startup hub. It is equivalent to ecosystems available in the UK, US, Singapore and India.
LEADING ISRAEL VC AND INDIAN VC COME TOGETHER
OurCrwod is a leading global equity crowdfunding organisation. It has signed for a strategic collaboration with Indian VC firm LetsVenture. It is a marketplace for startup funding. Together they will provide curated deals to the startups.
FORMCEPT AN INNOVATIVE UNIFIED DATA ANALYSIS PLATFORM SECURES SERIES A FUNDING
Formcept which is been operated as an incubatee of the Centre for Innovation has secured its first round of funding from GVFL Ltd.
NEW AI JOB PLATFORM COMES INTO THE SCENE
Param.ai is the job match platform which uses the AI technology for better matching of candidates with the recruiters. It is an arm of Stellar Software Technologies.
INFOSYS LAYS OFF 1100 EMPLOYEES DUE TO AUTOMATION
Infosys has announced that it has let go of 1100 employees because their jobs have been taken over by the automation. The automation has made it possible to cover a lot of the processes involving human force. Now the company will invest its human resource to find further automation possibilities.
$5 MILLION FUNDING FOR HUG INNOVATIONS
HUG innovation if the first smartwatch firm in India which hardly has made any mainstream appearance. However, it has been able to raise funding from NRI Startup India.
UBER OF AMBULANCES DIAL 4242
Dial4242 is an ambulance aggregator currently operating 200 ambulances. It is headquartered in Mumbai. Lack of ambulance service in a country like India is a serious issue. Dial4242 wants to bring a positive change in this space.
ANUJ PURI BUYS PE BUSINESS OF JLL INDIA
Anuj Puri’s Anarock has acquired JLL India’s realty-focused private equity business for $71.5 million or INR 462 crore.
GOVT’S BIG RELIEF FOR E-COMMERCE INDUSTRY
In a huge relief for the e-commerce industry, the government has deferred TDS and TCS implementation. This would give more time for the e-commerce firms to collect tax from the vendors.
$5 MILLION RAISED BY LENDING PLATFORM STASHFIN
Stashfin is a digital lending platform based on machine learning providing virtual credit facility for the customers. The major investors have been EQX Internet Capital Advisors PVT Ltd, Avendus Capital, KKR among others.
V RESORTS GAINS FURTHER FUNDING FROM PRESENT INVESTORS
V Resorts has been able to access $4 million funding from the existing investors. It is into experiential vacation stays business in India.
FUTURE GROUP TO PUT A PAUSE OF 2 YEARS TO ITS E-COMMERCE BUSINESS
The founder of Future Group, Kishore Biyani has said that it is stupid to stay in the online business without a break. Therefore, he is not going to invest both time and money in e-commerce space for the next 2 years.
NASPERS GRABS 16.5% STAKE IN FLIPKART
Naspers has paid $71 million to acquire further shares in Flipkart. This increases its share in the firm to 16.5%.
TATA ACQUIRES GROCERMAX TO VENTURE INTO ONLINE GROCERY
Tata has acquired the GrocerMax to enter the online grocery business. This step has been taken to raise the platform for Trent Hypermarket. Following the acquisition, Tata will close down the startups Gurugram warehouse unit as it does not has north India base.