Gurugram based Digital insurance platform Toffee has raised $1.5 million (around Rs 10 crore) seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab. Founded by Nishant Jain and Rohan Kumar, the digital-only platform launched its beta version in December 2017. Toffee’s tech platform can analyse, predict and customise […]
India’s Export Promotion Programmes have now come under the global scanner and might face a complete suspension if found prohibited by World Trade Organisation (WTO) The WTO on Monday based on US’ request referred Washington’s complaint on India’s export promotion schemes to the Dispute Settlement Body by establishing a panel to look expeditiously in the […]
Acko Technology, an online insurance startup raised $12 million in a fresh round led by e-commerce giant Amazon India as informed by the company on Sunday. The funding round witnessed participation from new investor Ashish Dhawan and existing investor Catamaran Ventures (Owned by Narayana Murthy). The new infusion has taken Acko’s total equity funding to […]
World’s Major cybersecurity company Avast has reported the presence of pre-installed malware in thousands of Android devices including those from manufacturers like ZTE, Archos and myPhone globally including in India. Dubbed as “Cosiloon“, is an adware that creates an overlay to display an advertisement over a webpage within the user’s browser, as per a report […]
Five days of deliberations, it is what it took the US jury yesterday, to announce that Samsung Electronics Co. Ltd were guilty of copying patented smartphone features by Apple Inc. Therefore, the South Korean giant will have to pay $539 million to the US headquartered company, therefore bringing a closure to the dispute between the […]
Uber is currently facing a lot of competition with India-based cab aggregator rival Ola, in Australia. However, the global leader in the ride-hailing market’s CEO, Dara Khosrowshahi, reportedly stated that the company will keep investing in its products and technology in emerging markets such as India and Middle East. In an email sent to his […]
Edyoo, an e-commerce platform focused in selling school products, recently raised $1 Mn in pre-series A funding from RS Shanbag, Chairman and MD of Valuepoint Group. The funds raised will serve the purpose of product development, technology, marketing and expansion of team in its areas of operation. Edyoo was founded in June 2017 by Rakshit […]
BetterPlace, an HRtech startup for the blue-collar workforce, recently raised $3 Mn in Series A funding led by 3one4 Capital. This round of funding also saw the participation of Venture Highway and Unitus Ventures. “We are focused on addressing the $12 Bn blue-collar ecosystem in the country. A significant part of the funds will be […]
Rapido, the Bangalore-based bike taxi startup, is in the final phase of finalizing an A&M deal with Hyderabad-based Vave Infosolutions India Pvt. Ltd, owner of motorcycle-sharing startup Getbike, according to a report from VCCircle. The deal will allow the bike taxi company, which is run by Roppen Transportation Services Pvt. Ltd, to enter the Hyderabad […]
SaleBhai Internet Pvt Ltd, an online marketplace for specialty foods has filed a draft prospectus with the BSE’s SME platform to launch initial public offering intending to raise about Rs. 24 crore. The Ahmedabad based company that offers a varied marketplace for specialty food such as snacks, sweets, bakery items, dried syrups, chocolates and confectionery […]
American E-commerce Giant Amazon is launching a new app store that will have special tools dedicated to helping sellers manage inventory and orders. Dubbed as “Amazon Marketplace Appstore“, the application will in-house apps created using Amazon Marketplace Web Service (Amazon MWS) by Amazon and third-party developers screened by the company. The Amazon MWS is an […]
Softbank is finally putting an end to the months of speculations over his future with Flipkart post the Walmart acquisition deal. The Japanese conglomerate has now agreed to sell its 23.6% stake in Indian e-commerce major Flipkart to its new owners, Walmart for around $4 Bn. Several reports varied over the future of Masayoshi Son’s […]