Gaurav Sangwani
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Unitus Ventures, backed by Dell Foundation and Bill Gates, invests $1 million in AI-enabled healthtech startup i3systems
Founded by IIT Alumni Dr Mallesh Bommanahal, Varzavand Batliwala, and Ravi Chandibhamar, in 2016, i3Systems builds machine learning solutions for healthcare businesses.
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Here’s how restaurants lure you to eat-out with Instagram worthy food
Over 22 percent of respondents said that they had gone to a restaurant based on how food and ambiance looked on social media.
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Ronnie Screwvala’s Unilazer Ventures hikes stake in online insurance comparison platform Easypolicy
Unilazer additionally invested over $6.7 million in the Delhi-NCR based startup. The fund believes there’s space for more than one player in the online insurance market.
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This Harvard startup is helping dogs get younger with its ‘Age Reversing’ gene therapy; Humans next?
Rejuvenate Bio, the company behind the innovation, tested its therapy on the Beagle breed dog and is now claiming that the therapy will make them younger by adding new DNA instructions to their genes.
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Job listing portal Glassdoor sold to Japan’s Recruit HR for $1.2 billion in all-cash deal
The acquisition is expected to close this summer with Qatalyst Partners acting as a financial advisor to Glassdoor and Goldman Sachs for Recruit.
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AI-enabled Avaamo raises over $14 million from Intel Capital, Ericsson Ventures and others
The Avaamo platform enables enterprises to deploy omnichannel AI-powered assistants in the areas of supply chain, HR, sales support, claims processing and insurance advisory.
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Now users can book Ola through MobiKwik App; Discounts underway
As a part of the launch offer, MobiKwik is offering Rs. 50 SuperCash on first 5 rides. Alternatively, Mobikwik users can use 10% SuperCash to get discount upto Rs. 100 on every ride.
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South Korea comes up with its own cryptocurrency ‘S-Coin’, to legalise ICOs but with conditions
The new legislation will not provide legal cover for unlimited ICOs. Instead, the bill will help ICOs promote growth and development of the Blockchain technology, hence only ICOs from research institutions and public organisations will be allowed to raise money.
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Firms pessimistic on Blockchain technology, CIOs call for a change in IT infrastructure: Gartner
While financial services and insurance companies remain at the forefront of the technology, the transportation, government sectors are now engaging more to focus on process efficiencies, supply chain and logistics.
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UK based Fintech firm GainCredit invests $2.25 million in B2C lending platform OYE Fintech
OYE Fintech will use the newly secured funds to strengthen its underwriting models aimed at new-to-credit consumers, scale-up operations, and enhance its footprint to cover multiple cities
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Consumer spend on apps to hit $106 billion by 2018; China maintains top spot as the biggest app market
App downloads will increase by 45 percent in the next 4 years hitting the $258.2 billion mark. This download growth comes directly from the Asia Pacific markets including India, Indonesia, and Vietnam.
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SoundHound raises $100 million to compete with the likes of Google Assistant and Amazon Alexa
Houndify is one of the first independent AI platforms that enables developers and entrepreneurs to deploy it anywhere and retain control of their brand and users.
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These are the most admired founders for Indian VCs and entrepreneurs
Flipkart, SpaceX and Ola emerge as favourite startups among Indian founders. Elon Musk was the respondent’s favourite founder, followed by Jeff Bezos. Among Indian founders, Mukesh Bansal and Vijay Shekhar Sharma were voted the most admired founders.
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From raising funds to improving investor sentiment: Here’s what top VC firms, startups think
Over 30 percent of the respondents said ‘Strategic Fit’ was the most important factor while boarding a lead investor, followed by ability to do follow-up funding (19 percent), strength of institution brand (15 percent), Commercial terms of the deal (10 percent), Network (10 percent), individual partner expertise (9 percent), and personal relationship (9 percent).
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With “no cap” on its investments, here’s what startups can expect from Google’s Assistant Fund
Google will be providing access to its cloud platform, their cloud computing suite that runs on a similar infrastructure as its search engine and YouTube
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Humanoid Robotics maker Ubtech Robotics raises $820 million from Tencent Holdings, Haier Group and others
Founded in 2012 by Zhou Jian, Ubtech Robotics is a high-tech company engaging in the R&D, manufacture, as well as promoting and popularizing robots around the world. They claim to be the first company in China dedicated to commercialize humanoid robot
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The story of how Instagram started and what entrepreneurs can learn from it
Here’s how two geeks from Stanford University made a billion dollar company worthy of royals and Presidents
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Early-stage Indian startup incubator Venture Catalysts forays into Dubai; selects six startups on its launch-day
Dubai has been breaking new grounds as an emerging global startup and innovation hub, and was recently ranked 29th in Nestpick’s 2017 Startup Cities Index ahead of the more established ecosystems including London, New York, and Tokyo.
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From Failure to Persistence: 5 quotes from Tesla founder Elon Musk for entrepreneurs
You might not be planning to send over a million people to Mars but you owe it to yourself to dream big. These quotes by Elon Musk will give inspiration to aspiring entrepreneurs and help them achieve their dream, even if it seems impossible for now
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5 most valued ICOs of 2018 so far, which raised millions of dollars in hours
In 2017 Blockchain and cryptocurrency startups raised over 3.5x more capital through ICO’s over traditional VCs.
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Global Industrial IoT market to touch $232 billion by 2023; Asia Pacific region to witness maximum growth
The Asia Pacific region is expected to witness the highest CAGR in the global IoT industry and this comes in primarily due to large scale industrialisation in Asian markets like China, India and Japan
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Ola steps up passenger safety, sets up safety council in sync with Brasilia Declaration
The council will also work alongside policy makers, state transport authorities, traffic police departments, and other relevant stakeholders to create solutions that enhance ride and road safety on Ola as well as the ecosystem at large.
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Airbnb property management platform Guesty raises over $19 million to scale its services for house owners
Guesty enables its users with a wide range of tools that help them post their properties on platforms like Airbnb and lets them operate at scale.
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DFID India, Shell Foundation and Zone Startups India announce POWERED, an entrepreneurship Program for women entrepreneurs in the energy sector
The three year program, will seek to on board around 100 women entrepreneurs in the energy access domain from across India and provide them with mentoring, corporate connects and get their proof of concepts (POC) off the ground.
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Sky9 Capital and Caerus Ventures float $200 million and $100 million funds to invest in early-stage startups
The Chinese venture fund founded by former Lightspeed China Partners managing director Ron Cao, invests in early stage tech companies and looks to be more sector agnostic in its approach
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Here’s how Amazon collects employee feedback — One question a day
With inexperienced entrepreneurs making it big, ever thought what goes on the inside? How do these companies compensate, treat their employees? Is their work culture hospitable or repulsive?
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SAIF Partners invest over Rs 50 crore in Indian NBFC Arman Financial Services
The funds were invested by way of subscription to 16,66,667 Compulsorily Convertible Debentures (CCDs) of the Company, having face value of INR 300 per CCDs.
