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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Google launches Tez, a mobile wallet and payments app for India

After weeks of speculations and rumours, Google has finally launched it's first mobile wallet and payments app, Tez in India. This is their first big move into mobile payment in Asia. Tez will allow users to carry out person to person money transfers and securely pay for products they purchase from various offline and online stores…

ByPrashant SharmaSeptember 18, 20170Comments

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Indian Government explores possibilities of Introducing its own Cryptocurrency

The Indian government is looking to forward to explore another experiment with Currency after its demonetization exercise last year. Based on a report from Business Standard, the central government is exploring possible options to introduce its own Cryptocurrency similar to Bitcoin. Sudharshan Sen - RBI’s executive director, told in a finance meeting held in Mumbai last…

ByAnkit KumarSeptember 16, 20170Comments

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Major Chinese Bitcoin Exchanges are shutting down due to pressure from regulators

Major Chinese Bitcoin Exchanges are shutting down due to pressure from regulators All the major Chinese bitcoin exchanges have received instructions from the regulatory authorities to voluntarily shut down their services by Sep 15th. China’s central bank is concerned that the ICO boom and the surge of Cryptocurrency trading had created an imbalance in the Chinese…

ByAnkit KumarSeptember 16, 20170Comments

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Google’s Parent Firm Alphabet Planning Investment in Uber Rival Lyft: Report

Alphabet INC is reportedly planning to invest in Lyft. Alphabet INC, the parent company of search engine giant Google, is reportedly in talks to invest in cab hailing company Lyft - the arch-rival of Uber. Although not clear how much Alphabet is looking to invest, but sources claim that the investment could be anywhere near $1…

ByGirish ShettiSeptember 15, 20170Comments

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Unacademy raises $11.5 million led by SAIF, Sequoia, others

Unacademy, a leading online education platform from India, has raised $11.5 million in a Series B funding round led by Sequoia Capital India and SAIF Partners. Along with them, their existing investors, Nexus Venture Partners, Blume Ventures, also participated in the round. Unacademy will use the newly acquired funds in improving their technology and overall quality…

ByPrashant SharmaSeptember 14, 20170Comments

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WeWork Files Copyright Lawsuit against Chinese Rival UrWork

WeWork sues Chinese rival UrWork. WeWork, the U.S. based co-working giant, has filed a copyright lawsuit against its fast expanding Chinese rival UrWork in New York’s Southern District Court. WeWork Cos has accused the Chinese company of partly coping its name and logo, while arguing that this startling similarity cannot be overlooked since both companies operate…

ByGirish ShettiSeptember 13, 20170Comments

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WhatsApp’s Co-founder Brian Acton to Resign from the Company

Brian Acton To Resign from WhatsApp. Brian Acton’s eight year old stint in WhatsApp inc has finally come to end, with the co-founder announcing the news of his departure through a Facebook post on Tuesday. Brain said in the post that he will be starting a new foundation after his departure from WhatsApp, but did not…

ByGirish ShettiSeptember 13, 20170Comments

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Apple unveils iPhone X with edge-to-edge screen along with iPhone 8 and iPhone 8 Plus

Apple has finally unveiled their long awaited special edition iPhone. They have decided to name the device iPhone X (pronounced as iPhone 10). iPhone X comes with an OLED, bezel-less end to end display. However, there is a notch at the top to accommodate the front camera, Face ID sensors and others. Also, it has…

ByPrashant SharmaSeptember 13, 20170Comments

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India’s Most Successful Viral Content Company WittyFeed Raises Pre-Series-A Funding

Viral Content Company WittyFeed Raises Pre-Series-A Funding. The viral content marketing platform WittyFeed has secured undisclosed amount in a Pre-Series-A round, which was led by clutch of seasoned and marquee investors. These investors include Anand Chandrasekaran (Former Snapdeal CPO), Apurva Chamaria (VP & Head Corporate Marketing , HCL Technologies), Ritesh Malik (Co-Founder, Innov8), along with group…

ByGirish ShettiSeptember 12, 20170Comments

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