Facebook Announces More Investment for France AI Research Center

Facebook Announces More Investment for Paris AI Research Center. Facebook has disclosed that it plans to invest around €10 million ($12.3 million) in its artificial intelligence (AI) center located in the French Capital Paris. The move is the latest sign of social media giant’s growing confidence about France’s ability to deliver in AI technology. Facebook said that…

ByGirish ShettiJanuary 22, 20180Comments

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AI Driven HRTech Firm Startup Skillate Raises Undisclosed Amount

HRTech Firm Startup Skillate Raises Undisclosed Amount. HR Tech startup Skillate, which uses Artificial Intelligence (AI) as its core technology, has succeeded in raising undisclosed amount from two independent investors. These investors are ‘Incubate Fund India’ and Anuj Agrawal (Director of Zyoin), according to Skillate’s co-founder Anand Baranwal. Skillate is being funded and currently incubated at European…

ByGirish ShettiJanuary 22, 20180Comments

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Whatsapp business app launched in five countries, India to follow soon

Messaging giant Whatsapp has officially launched its new Whatsapp Business App in Indonesia, Italy, Mexico, the UK and the US. From today, you can get the free-to-download app from Google Play. It is soon going to launch the app in other markets, including India. Whatsapp said that its new app will help companies connect with their customers…

ByPrashant SharmaJanuary 19, 20180Comments

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Vernacular Social Networking Platform ShareChat raises $18.2 mn by Xiaomi & Others

Social Networking Platform ShareChat raises $18.2 mn by Xiaomi & Others. ShareChat, a social networking platform that celebrates India’s linguistic diversity, has scooped up 116.31 crore ($18.2 million) in a series B round led by Chinese smartphone manufacturer Xiaomi. This is according to Ministry of Corporate Affairs (MCA) filings filed by the Mohalla Tech Pvt. Ltd…

ByGirish ShettiJanuary 18, 20180Comments

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Google Continues with China Expansion Drive, Opens New Office in Shenzhen

Google opens brand new office in Shenzhen city. The global search giant Google seems to be stung by a strong Chinese fever as it continues with expansion drive across the mainland China. Almost a month after announcing that it would soon open its first dedicated Artificial Intelligence (AI) lab in the Asian country, Google has now…

ByGirish ShettiJanuary 17, 20180Comments

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Micromax to Unveil India’s first Android Oreo Go-based smartphone by January End

Micromax to launch India’s first Android Oreo Go-based smartphone. Homegrown smartphone maker and electronics Major Micromax is gearing up to unveil India’s first Android Oreo Go-based smartphone. Christened as ‘Bharat Go,’ this smartphone will hit the Indian market by January end. However, Micromax has refused to divulge pricing and other important specifications about the soon-to-be-launched smartphone. Android…

ByGirish ShettiJanuary 16, 20180Comments

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Newgen Software raises $20 million from anchor investors a day before its IPO

New-Delhi headquartered IT organization Newgen Software has raised $20 million from its anchor investors by selling its shares as a part of anchor book allocation. Today, the company is going to open its $71 million IPO for a three day period till January 18,. Most of its anchor investors are sovereign wealth funds, mutual funds, and…

ByPrashant SharmaJanuary 16, 20180Comments

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Digital payment solutions company Razorpay raises $20 million

Digital payments startup Razorpay has raised $20 million in its series B funding round led by Tiger Global and Y Combinator along with the participation of Matrix Partners. Till date, the company has raised $31.5 million. The newly acquired funding will be used by the company to improve technology and product scaling. It is also planning for geographical…

ByPrashant SharmaJanuary 16, 20180Comments

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Alibaba launches its enterprise chat app DingTalk in India

After a successful trial in China, Alibaba has launched DingTalk, an enterprise communication platform in the English version in India. With DingTalk, you can plan meetings and assign tasks to others. DingTalk claims that its platform is used by over 3 million business organizations. The app supports text, voice messages, translations, name cards, DINGs, images, video clips,…

ByPrashant SharmaJanuary 15, 20180Comments

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Logistics Startup Rivigo raises $50 million in Series D funding round

Delhi-based logistics startup Rivigo has raised $50 million in Series D funding round led by Warburg Pincus and SAIF Partners, its existing investors. It will value the company at around $1 billion. Rivigo is one of the fastest startups to achieve the unicorn status. The company had allocated 8,231 Series D compulsorily convertible cumulative preference shares to…

ByPrashant SharmaJanuary 15, 20180Comments

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