Monday, May 20

Tag: Tech Startup

WASABI RAISES $1.8Mn SEED FUNDING LED BY ANKUR CAPITAL
FUNDING

WASABI RAISES $1.8Mn SEED FUNDING LED BY ANKUR CAPITAL

India, July 30th, 2021: Bengaluru-based tech startup, Wasabi (Truegrit Technologies Private Limited) has raised $1.8 Million in a seed round led by Ankur Capital. The round also saw participation from Binny Bansal backed 021 Capital, Sparrow Capital, and notable angels like Ankit Bhati (Ola), Mekin Maheshwari (Udhyam Learning), Lalit Keshre (Groww), Revant Bhate (Mosaic Wellness), Abhishek Goyal (Tracxn), and Ashish Goel (Urban Ladder) among others. The funds raised will be utilized to build a strong engineering team, develop their product offering and create early customer traction.  Founded in January 2021 by Pradeep Dodle and Nikhil Goenka, Wasabi is building easy-to-use communication and growth platform for small and medium businesses in India to help them manage customer relations...
Grab invests $2 billion in Indonesia through Softbank Vision Fund
News

Grab invests $2 billion in Indonesia through Softbank Vision Fund

Ride-hailing giant Grab is investing USD 2 billion in Indonesia over the next five years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy. The Singapore-based firm has seen its business grow rapidly since it bought US-based rival Uber's regional ride-hailing and food business in March last year in exchange for a 27.5 percent stake in Grab. Its Indonesian investment will focus on building a next-generation electric vehicle transport network and rolling out e-healthcare services to improve access to doctors and medical services across the archipelago. The announcement came after SoftBank last week said it would partner with tech firms including Apple and Microsoft in a new $108 billion investment fund. It is the long-mooted succe...
McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal
ACQUISITION

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal

McDonald’s Corporation (McD) has acquired an AI-based startup Dynamic Yield in a $300 million deal. Dynamic Yield is a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, McDonald’s builds on its first technology acquisition for growth.  McDonald’s will utilize this decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. The decision technology can also instantly suggest and display additional items to a customer’s order based on their current selections.    This will enable McDonald’s to be one of the first companies to integrate decision technology into the custome...
Adzuna Acquires UK’s #1 Tech Startup Job Board
ACQUISITION

Adzuna Acquires UK’s #1 Tech Startup Job Board

24th October 2018- Adzuna.co.uk, the global job search engine, today announced its purchase of Work In Startups, a platform which connects an unrivalled community of job seekers and start-ups across the UK’s growing tech scene. Under the deal, Adzuna will take over operation of Work In Startups, which will retain its independent brand and community of tens of thousands of monthly startup job seekers and hundreds of startups. Doug Monro, co-founder of Adzuna said, “We are thrilled at the opportunity to take Work In Startups to the next level, having watched it become an integral piece of the UK startup hiring scene over the past few years. It has been a fantastic resource for our key early hires, and with our experience from Adzuna and Gumtree before, we’re really excited about what w...
Rivigo Senior Management Resigned
News

Rivigo Senior Management Resigned

A major ‘U-turn’ event is likely to be taking place at India's leading technology enabled logistics company ‘Rivigo’. The news is coming that more than half a dozen major executives, managers, senior and mid-level executives have decided to resign from their respective positions in the company. Rivigo offers pan India services to e-commerce, pharmaceutical and FMCG services. The recent development is a very gigantic step in the recent turn of events for the company, which was established in 2014, by Deepak Garg and Kalra. Chief Financial Officer Mr. Pramod Gupta from Microsoft, who joined the company in 2017, has served the notice for the resignation. The major exits include Bablu Tiwari, from Gati courier services has already exit. ALSO READ: Logistics Solutions Provider Rivigo ...
Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation
FUNDING

Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation

Snapchat Inc. which makes a free app called Snapchat for sharing quick disappearing images and videos has recently raised a funding of $175 M from Fidelity at a $16 billion valuation, according to the Wall Street Journal. The catch is that Snapchat’s last round of funding in May 2015 reportedly valued the company at $16 billion, a 60% bump from its previous round in December 2014. Fidelity bought shares at $30.72 in February after paying that price last March. In the fourth quarter, a separate valuation committee at the mutual fund brought down the shares to $25.75. (more…)