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US-Based Technology Firm Oracle Acquires DataFox

23Oct By Gauri SinghNo Comments

ACQUISITION

US-Based Technology Firm Oracle Acquires DataFox

The American technology corporation Oracle has announced another acquisition of a startup that has amassed a huge company database called DataFox. Following this acquisition, the company aims to enhance both the kind of data that it can provide to its business customers and its artificial intelligence capabilities. The acquired company currently covers 2.8 million public and private businesses, adding 1.2 million each year. DataFox makes use of AI to analyse that to make larger business predictions. The combination of Oracle and DataFox will enhance Oracle Cloud Applications with an extensive set of AI-derived company-level data and signals and would also enable customers to reach even better decisions and business outcomes. “Together, Oracle and DataFox will enrich cloud applicatio...

Samsung Acquires Barcelona based Network Analytics Startup

17Oct By Gauri SinghNo Comments

ACQUISITION

Samsung Acquires Barcelona based Network Analytics Startup

The technology firm Samsung Electronics has acquired a real-time networks analytics startup called Zhilabs which is based in Barcelona. This acquisition is expected to ease its transition from 4G to 5G technologies. However, the financial details of the acquisition deal have not been disclosed yet. Zhilabs will be fully owned by Samsung, but it will continue to operate independently under its own management. The acquisition of Zhilabs is part of Samsung’s initiative to invest 25 trillion won (about $22 billion) in businesses working on AI, 5G, components for self-driving vehicles, and biopharmaceutical technologies. “5G will enable unprecedented services attributed to the generation of exponential data traffic, for which automated and intelligent network analytics tools are vital. T...

Customer Service Software Firm Zendesk Launches a New Program for Startups

21Sep By Gauri SinghNo Comments

News

Customer Service Software Firm Zendesk Launches a New Program for Startups

NYSE-listed customer service software company Zendesk has introduced a new program for startups which would offer monthly credits for free access to their suite of products. The company stated that it will provide a monthly credit of $218 for twelve months, that is equivalent to one-year free access to Zendesk Suite's professional plan for two people. "The Zendesk Suite comes with a host of tools that can power a startup towards achieving its business goals and this will free up time for promoters to focus on their core expertise of building and scaling their respective businesses" said KT Prasad, Country Sales Director, Zendesk India. On the alternative basis, it can be used across the company's individual products like Support, Chat, Guide and Talk. Also, in addition to this, partic...

12Sep By Gauri SinghNo Comments

FUNDING

Pune-based Fintech Startup Secures $1.1 million in Seed Funding

Pune-based fintech startup Bon has reportedly raised funds amounting to $1.1 million (Rs 7.8 crore) in seed funding. The particular round was led by Omidyar Network, Axilor Ventures and Better Capital’s AngelList India Syndicate. The funds raised by the company will be utilized towards helping the company’s further partnerships with banks, non-banking financial companies (NBFC). Also, it plans to expand its existence to 25 cities across India over the next 18 months and launch its operations in other markets in Asia as well. “Access to working capital is a real pain point for the growing gig workforce—one that can literally make or break a business of one. In India, where credit cards are not pervasive, this issue is even more prominent, as people don't really have a safety net to rely...

5 Web Series You Must Watch to Bring Out the Entrepreneur in You

7Sep By Gauri SinghNo Comments

INSPIRATIONAL

5 Web Series You Must Watch to Bring Out the Entrepreneur in You

The trend of web and TV series these days is touching heights and people are quite addicted of watching these series. Moreover, these series seem to be short and crisp and thus, are loved by everybody. They aren’t a lot time consuming yet interesting to watch. Web Series have been launched in all spaces including comedy, romance, drama and much more. Today, we will tell you about the five best business oriented web series that would definitely bring out the entrepreneur in you. Reading books is okay, but a visual guide to help you embark on this journey definitely does a better job. From the last few years, many series have come up related t startups and entrepreneurship that are making it to every young entrepreneur’s ‘must watch’ list. So here we go! TVF PITCHE...

9Aug By NitishNo Comments

FUNDING

GoWork in Talks With Investors To Raise $200 mn Funding

Gurugram, August 9, 2018: GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at least 50 campuses across the country in the next 5 years. The expansion will start from top metro cities such as prime regions of Delhi, Mumbai, and Bangalore following a Joint Venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe. GoWork, which has already established itself as a pioneer in India’s emerging co-working space has registered an M-o-M growth rate of 37%. ...

FreeCharge Co-founder Kunal Shah raises $30 Mn via Sequoia Capital

1Jun By Lavina TolaniNo Comments

FUNDING

FreeCharge Co-founder Kunal Shah raises $30 Mn via Sequoia Capital

Kunal Shah, Co-founder of Payment company Freecharge has successfully raised $30 million from a group of investors led by led by venture capital investor Sequoia Capital, as reported by the sources. Kunal is starting a new incubator that would be dedicated to helping startups in consumer space. One of the sources on request of anonymity said, The funding round has been closed and Kunal has raised over $30 Million to start his new venture that will be launched very soon. He has raised funds mostly from foreign investors. Sequoia has also invested in his new venture. Sequoia the leader in the investment round has been associated with Kunal for quite some time. In February 2017, Kunal joined marquee venture capital firm Sequoia Capital as an advisory role, which came to an end this Ja...

IIM Ahmedabad Launches its Own $25 Million Startup Fund

14May By NitishNo Comments

FUNDING

IIM Ahmedabad Launches its Own $25 Million Startup Fund

India's top management institute IIM-Ahmedabad has launched USD 25 million fund for startups working in the areas of financial inclusion, livelihood, education, and health over the next three to four years. The initiative is known as the Bharat Inclusion Initiative, which aims to invest in startups in fintech, education etc with the help of CIIE. The Center for Innovation, Incubation & Entrepreneurship (CIIE) planning to channelise approximately USD 25 million over the next 3-4 years towards backing game-changing startups leveraging the ongoing digital transformation in India, it said in a release. With seed support from Tata Trusts, CIIE has received an initial commitment of USD 12.5 million from the Bill and Melinda Gates Foundation, the Michael and Susan Dell Foundation, and ...

Accel Partners Invests Rs 40 Crore in Online Logistics Startup

17Apr By PriyankaNo Comments

FUNDING

Accel Partners Invests Rs 40 Crore in Online Logistics Startup

Accel Partners, a private equity investment firm has invested about Rs 40 crore in online freight logistics firm Cogoport. In a press release, the Cogoport said, "it has secured Series A funding round from Accel Partners, however, the company did not disclose the amount it has raised but according to our sources the amount is around 40 crore." "The fund will enable Cogoport to invest in developing new products and fuel business growth by expanding globally and increase its footprint in the domestic market," the statement said. Cogoport is an online international freight exchange currently offering price discovery and booking using a data-driven technology solution. Incorporated in May 2016, Cogoport provides end-to-end global freight solutions for importers and exporters. The b...

Multibhashi Raises Fresh Capital From Existing Investors

3Apr By Lavina TolaniNo Comments

FUNDING

Multibhashi Raises Fresh Capital From Existing Investors

Multibhashi, a language learning platform, based in Bangalore and Jaipur, has raised a funding of Rs. 60 lakhs from existing investors Aniruddha Malpani and CIIE Initiatives. The startup focuses on making language learning simple, easy and enjoyable via its mobile-based interactive application. Starting March 28, 2017, Multibhashi Solutions Private Limited allocated 1284 preference shares priced each at Rs. 10 and a premium of Rs.4664.88 per share. The startup was successful in raising a seed of Rs. 75 lakhs early in September 2017. In addition to Aniruddha Malpani and CIIE Initiatives, Suresh Chandra Koolwal had also participated in the round. While early in April 2017 the company had raised a seed of Rs. 1 Lakh where notable investors were Devendra Agarwal and Anuradha Agarwal. ...

27Mar By AdityaNo Comments

FUNDING

Fintech Startup CashSuvidha Raises $1 Million Funding

Indian Fintech startup Cash Suvidha raises $1 million pre-Series A funding from the set of investors including Initia Holdings Ltd, Vipin Agarwal, Partner in India Industrial Growth Fund and others. The new funding round will use to facilitate further lending to SMEs, MSME, individuals and improve the technology infrastructure. Cashsuvidha is targeting users from Delhi NCR, Bangalore, Pune, Hyderabad, Mumbai, and Rajasthan locations to maximize borrowers. According to the company, which registered as a Usha Financial Services receives around 15,000 loan applications per month and disburses loans within two working days. The Delhi based company has raised total $5.2 million debt funding and distributed Rs 152 crore. As per the data, Cashsuvidha 80% loan goes to SME sector. ...

1Mar By Sheldan RungasamyNo Comments

FUNDING

AI Chatbot Triliyo Raises Funding From Yuvraj Singh backed Startup Buddy

Triliyo received $250,000 in an investment round led by Startup Buddy. Startup buddy is backed by Yuvraj Singh. Several other investors such as Pulse Venture Capital, private equity professional Amit Manocha and a few HNIs also contributed to this funding round. The money drawn out from the investments will be used to measure operations in India and Southeast Asia. Founded by Abhishek Moharama and Gaurav Gambhir in 2015, Triliyo is an AI-enabled chatbot company which provides ‘software as a service’ (SaaS) solutions to business-to-business (B2B) e-commerce clients working in hotel management. The software provides solutions both by voice and chat. Prontus Technologies owns and directs the company. Founder Abhishek Moharana used to work with PwC and L&T infrastructure while EY, Ba...