Droom Technology, an online martketplace to buy and sell cars has raised an amount of $30 million (about Rs 221 crore) in Series E funding round. The round was led by family office of Joe Hirao, the founder of ZigExN, the Tokyo-headquartered company that owns and operates a number of content-focused websites. The name of the second […]
Tata Communications announced that the company is acquiring Teleena which is a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). This deal is followed by Tata Communications’ investment in Teleena in January 2017 when the company became the single largest shareholder in Teleena with a 35% stake. “The growth […]
Digital Payments major Paytm has reportedly launched spam-proof SMS Inbox as a part of the Paytm Inbox. This feature uses proprietary Machine Learning (ML) methods and regulations to divide messages into personal, transactional and promotional categories. As stated by the company, the app will categorize the messages locally on the device. This would be done only after […]
SparSkills Technologies, the owner and operator of online poker platform 9stacks has raised funds amounting to Rs 28 crore in Series A funding round. This particular round was led by early-stage venture capital firm, WaterBridge Ventures. The funds raised through this funding round will be used by the company to expand its team, and further build its technology platform. Prior […]
A point-of-sales (POS) provider Moka which is based in Jakarta has reportedly acquired a Mumbai-based contextual marketing company known as GetFocus. However, the amount of deal has not been disclosed yet. Following this acquisition, both these companies are looking forward to combining their synergies and interaction for the purpose of strengthening their technology capabilities and […]
China’s capital Beijing has announced to add 1,628 more public charging piles for the new energy vehicles. These fresh charging services will be placed in crowded areas near shopping malls, hospitals, hotels and parks in more than 10 districts around the city. At present, the Chinese city has a total of 132,000 charging piles for […]
Google’s digital payments platform Google Pay has partnered with Uber to let users pay for their Uber rides easily and seamlessly in India. Initially, the company has an offer in which users can also avail up to Rs. 1,000 when they use Google Pay for 10 Uber rides. This may toughen the competition for other payment […]
Dubai-based Workz Group has announced the launch of a new remote SIM which would provide a solution for mobile network operators. This move is being taken by the company in partnership with Truphone. The solution offers operators in the UAE with the immediate capability to enable the owners of eSIM-enabled devices such as the new […]
Internet giant Tencent has got into an association with China’s largest payment provider China UnionPay and its subsidiary UnionPay International for the purpose of offering cross-border mobile payment services for Hong Kong residents. This will also allow the users to use the Hong Kong version of WeChat Pay on the mainland. The major objective behind this […]
Trading in stock markets has become an important part of the business world these days. As far as the fundraising of the companies is concerned, the only thing the companies look forward to is going public and trading their shares in the stock market. Therefore, with the increase in the stock market trading, the use […]
San-Francisco based web and mobile application Pinterest is looking forward for global expansion and is eyeing India and Southeast Asia next. The USA unicorn valued at over $12 billion allows users to create virtual pinboards and discover information on the World Wide Web. The platform currently claims to have 250 million monthly active users, half of […]
New York-based subscription radio company SiriusXM is acquiring a music streaming service called Pandora Media. The deal has been valued at about $3.5 billion that will enable the company to expand its services beyond cars and into mobile devices and homes. The company claimed that this acquisition will create the world’s largest audio entertainment company. The all-stock deal will build […]