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6Apr By NitishNo Comments

FUNDING

Sqreen Closes $14 Million Series A Funding Round Led by Greylock Partners & Y Combinator

SAN FRANCISCO- Sqreen, the industry’s first provider of Application Security Management (ASM), today announced the close of a $14 million Series A funding round led by Greylock Partners with Y Combinator and previous investors Alven Capital and Point Nine also participating. Greylock partner Sarah Guo joins the board. To date, Sqreen has raised more than $18 million in total funding. Sqreen’s ASM platform, used to protect more than 500 companies around the world today, is a modern approach to security in production for web applications and cloud workloads. ASM leverages microagents embedded in applications to identify and automatically protect against threats in real time. Sqreen is easy to use and deploy. With no software code modifications, Sqreen can be up and running and pr...

23Mar By PriyankaNo Comments

News

Shopify and Mailchimp Partnership comes to an end

The leading newsletter sharing platform Mailchimp decided to end a partnership with Shopify due to Shopify's new policy of data sharing. In its statement Mailchimp said, "Yesterday, we asked Shopify to remove the Mailchimp for Shopify integration from their marketplace. We made this decision because Shopify released updated terms that would negatively impact our business and put our users at risk." The Atlanta based company said that the data-sharing provisions of the new terms are set to take effect on May 12, when the data sharing provisions of Shopify’s new terms take effect. According to the media reports, Shopify wants to control which providers their partners work with and how they conduct their business. The MailChimp integration will no longer available on Shopify ap...

How Agriculture is changing in India Using Technology

1Feb By PriyankaNo Comments

Story

How Agriculture is changing in India Using Technology

I worked as a media person and a writer who would share her opinions about various issues and trends concerning the urban population of the nation. While I was exploring options for a job change I came across an interesting and challenging opportunity of understanding the needs of a completely different target group i.e. the farmers! Without having any agriculture background, I joined Gramophone, an AgTechstartup that aims to solve real problems faced by farmers in India. My team at Gramophone provides assistance to more than 150,000 farmers for growing their crops in a better way. It felt counter-intuitive that a farmer who is doing agriculture for years would need external help in growing the crops. I mean, he does this every year. I was curious to understand why are so many farmers r...

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

10Nov By Gauri SinghNo Comments

FUNDING

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

Dunzo, a daily tasks management app based in Bengaluru has reportedly secured funds amounting to Rs 7 crore ($962,500) in a funding round. This funding round was led by venture debt firm Alteria Capital. The company plans to utilize these funds for general corporate purposes and to expand its services, the filings stated. The company is run by Dunzo Digital and according to the filings with the Registrar of Companies, it raised this sum early this month by issuing secured non-convertible debentures. Prior to this, Dunzo raised $12. 3 million (Rs 80.8 crore) in a Series B funding round in December 2017 led by ed by global technology giant Google. The deal also marked Google’s first direct investment into an Indian company. The company was founded by Biswas, Ankur Aggarwal, Dalvi...

Google Launches Blog Compass App for Indian Bloggers

7Sep By Gauri SinghNo Comments

Tech

Google Launches Blog Compass App for Indian Bloggers

India is emerging as an important market for various businesses and with this, Google is also continuing with its focus on the Indian market with the launch of an app to serve the need of Indian bloggers with an app called “Blog Compass.” After launching apps like Tez for payments, Areo for food ordering, Neighbourly for communities, data-friendly versions of apps like Search and YouTube, and others, the company is all set to serve the needs of the Indian web users even more. The new mobile application is listed on the Google Play Store as 'exclusive to India'. It is compatible with WordPress and Blogger.com blogs. This app helps bloggers manage their sites and find topics to write about based on Google’s trending topics. Also, the app helps bloggers in man...

CapitalFloat Acquires Pune Based Fintech Firm in $30 Million

22Aug By NitishNo Comments

ACQUISITION

CapitalFloat Acquires Pune Based Fintech Firm in $30 Million

Digital lending firm Capital Float has acquired Pune-based fintech firm Walnut (Thumbworks Technologies) in a deal amounting to USD 30 million (about Rs 208.6 crore). Walnut offers a personal finance management mobile app that helps users to automatically track spends, bank and card balances, bill payments, and split expenses within a group. It has over seven million downloads on Google Play Store. In July 2017, Walnut had launched 'Walnut Prime', a small-ticket, app-based credit line for its users. It recently crossed Rs 100 crore in loans to users. "Their approach towards leveraging technology to solve financial concerns of the common individual was particularly impressive... Walnut Prime is a product of deep interest to us, and it will essentially become a new addition to our sta...

Twitter Lite App to Expand in 21 More Countries

14Aug By Gauri SinghNo Comments

Tech

Twitter Lite App to Expand in 21 More Countries

One of the leading social media platforms Twitter has announced that its lighter app known as Twitter Lite will be expanding to 21 more countries. After the expansion, Twitter Lite will be available to people across 45 countries in total. The data-saving app was launched last year with an aim to increase the user base and bring in users especially from emerging markets to Twitter. Like various other lite apps, Twitter Lite has also been designed to provide better and faster surfing even on slower network connectivity, like 2G and 3G. Also, the app has a smaller storage capacity, so it takes up less space on the phone. The app is less than 3MB in size, so it loads quickly on slower networks as well. And similar to Twitter, the app also includes features like Bookmarks, a darker “Ni...

Taxi Aggregator OLA Appointed Simon Smith as MD of Australia Operation

4Jul By AdityaNo Comments

News

Taxi Aggregator OLA Appointed Simon Smith as MD of Australia Operation

The former CEO of eBay Australia, Simon Smith appointed as a Managing Director of taxi aggregator OLA in Australia. Simon held various roles previously including Chief Executive Officer of eBay Australia, Non-Executive Director of Sportsbet, VP of Virtual Offices at Servcorp and a consultant at McKinsey and Company. "Simon is a very entrepreneurial and strategic leader who has demonstrated strong business and people leadership in his career. He will lead Ola's mission to build the future of mobility in Australia and create impact for the millions of consumers and tens of thousands of driver partners," Ola co-founder and CEO Bhavish Aggarwal said. Joining the company, Smith will lead the team and will work on building Ola's presence, including strategy, marketing, product development, ...

Whatsapp Will Provide 24/7 Customer Support on Its Payment Services in India

24Jun By AnkitaNo Comments

News

Whatsapp Will Provide 24/7 Customer Support on Its Payment Services in India

WhatsApp which has over 200 million users in India is working on to set up a 24-hour customer support for its payments services that are rolled out in India in the coming weeks. The leading chat app will provide support through e-mails as well as a toll-free number. "We will provide 24-hour customer support in English as well as three Indian languages- Hindi, Marathi and Gujarati. Payments users can also contact the support team via e-mail and a toll-free number (when the service is rolled out in India)," WhatsApp spokesperson said. While WhatsApp is yet to announce the official date of launch of its UPI-based payments service, industry watchers expect an announcement to come in the next few weeks. Almost one million people are "testing" WhatsApp's payments service in India, which ...

20Apr By AnkitaNo Comments

FUNDING

Delhi Based Apartment & Hostel Listing Platform Raises 1.4 Crore Funding

Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group. Xander group is a global real estate & investment firm. Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings. "Zocalo" is the Mexican term for a public square or plaza. Earlier, the startup has raised an angel round of funding from investors including Rajesh Sawhney, Founder of GSF Accelerator, Sachin Bhatia, co-founder of MakemyTrip, Mahesh Parasuraman, former managing director of the Carlyle Group, Dheeraj Jain, partner with a UK-based hedge fund, and Advantedge Incubators. As per the platform data, they have an i...

18Apr By NitishNo Comments

FUNDING

Delhi Based GoldSeat Looking to Raise $3mn Funding

Delhi based offline entertainment app GoldSeat looking to raise $3 million funding to expand its operations further in India. Earlier GoldSeat has raised USD 160K worth funding. Founded in 2016, by Nischal Khetarpal & Gaurav Kapahi, GoldSeat has its application running across 250 buses which includes buses of Uttar Pradesh State Road Transport Corporation and also other private players across Northern and Western regions of India The company links all GoldSeat entertainment profile to a device installed in the bus which acts as a server to all the licensed content available for the travelers. The mobile app which is just 3MB in size can be downloaded from either Google Play or App store when the traveler's boards the bus and login using their Facebook id. The company is also i...

18Apr By NitishNo Comments

FUNDING

Chennai Based Intracity Logistics Platform Raises 20 Crore Funding

Chennai based mini-truck aggregator platform raises ₹20 Cr funding from its existing investor, Ramco Group and the promoters - P.R. Venketrama Raja (Chairman, Ramco Systems) and his son Abinav Raja(Co-founder, Lynk). Founded by Abinav Raja and Shekhar Bhende, Lynk is an intra-city on-demand last mile technology platform that connects customers (individuals/businesses) with trucks (logistics service providers) to efficiently move goods. The app service was first launched in Chennai and are now planning to expand to other cities. "We have proven time and again that some of our drivers have generated Rs. 45,000 to Rs. 50,000 per month on a Tata Ace and are confident that this will be sustainable for at least five years down the line”, said Mr. Shekhar. The startup has received ₹6...