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IIIT Hyderabad Seed Fund Invests in Rental Management Platform Paymatrix

Property Rental management platform Paymatrix, which streamlines rent and deposit payments and collections by facilitating credit raised seed funding from IIITH. This Hyderabad-based end-to-end digital rent management platform becomes the first startup to be selected and supported by IIITH Seed Fund. Paymatrix enables tenant profiling, rental documentation, rent payment management and risk mitigation for thousands of tenants, […]

Bidgely Closes $27M Series C Funding to Grow India Office

Founded by Indian Institutes of Technology alumni, CEO Abhay Gupta and CTO Vivek Garud, Bidgely announced today that it has closed a $27 million Series C round of financing. The largest round of investment to date for energy disaggregation technology. US based Bidgely started from Silicon Valley have Plug-and-Play incubator in 2011, and the high-growth energytech startup is now leading the way […]

InMobi Acquires Los Angeles Based AerServ for $90 Million

InMobi, the world’s largest independent mobile advertising platform, today announced the acquisition of AerServ for $90 million in cash and stock to create the industry’s first mediation platform with a unified programmatic auction for mobile in-app publishers. This acquisition will enhance monetization for publishers globally and further enhance the InMobi Exchange, a premium mobile programmatic platform. Globally, mobile premium […]

Machine Learning Will Not Replace People In All Jobs: Study

Machine learning computer systems, which get better with experience, can outperform people in a number of tasks, though they are unlikely to replace people in all jobs, a study has found. Researchers from Carnegie Mellon University and Massachusetts Institute of Technology (MIT) in the US found 21 criteria to evaluate whether a task or a […]

Indian Apps Asking For Permissions That Are “Too Private” To Share : Report

Indian apps may be a lot kinkier when it comes to seeking permissions from a user to allow him to use its services. A report released by a survey agency reveals the ugly truth of the smartphone app developers. We have already witnessed too many cases of apps stealing user’s private data or remember the time […]

FinBucket Raises INR 12 Crore to Expand its Loan Offerings

FinBucket.com , a loans and investments marketplace, has raised INR 12 Crore ($2 million) from Impanix Capital. The FinBucket platform helps to connect lenders and borrowers in India more efficiently by providing a user-friendly experience for consumers. It leverages a broader set of data which was not traditionally available to financial institutions in the market. FinBucket currently offers personal loan, home loan, business loan, credit card and mutual […]

100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun

In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some […]

Agri Startup Gobasco Raises Funds From Matrix Partners

Agriculture supply chain tech startup Gobasco has raised an undisclosed amount of funding from Matrix Partners India. Co-founded by Vedant and Abhishek in early 2017, the startup aims to solve complex supply chain optimisation problems, by combining large scale data integration with proprietary technologies. The details about the funding round were not disclosed but Gobasco […]

Bitcoin Shoots off the Roof, Hits All Time High

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group, the world’s leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures […]

Bitcoin Going Legit! CME to Launch Bitcoin Futures

CME Group, the world’s leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of […]

Flipkart To Launch Its Loyalty Programme ‘Flipkart First’ To Take On Amazon Prime

India’s Ecommerce Unicorn Flipkart is planning to relaunch its loyalty programme to compete with Amazon Prime that has become a key differentiator for the American internet giant. The online retailer is in talks with online travel portal MakeMyTrip and event and tickets booking platform BookMyShow and cab aggregator Ola to provide its consumers more value-added services through […]

20 Years Old AOL Instant Messenger To Sign Off

Online service provider AOL on Friday said it will shut its pioneering AOL Instant Messenger (AIM) on 15December. The chat program connected a generation of people to their buddies and crushes while guiding them through the early days of digital socializing. The company reportedly has no planned replacement for the platform in the times when […]