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InnerWave Ventures Looking To to Invest in 18-20 Startups in Next Three Years

26May By PriyankaNo Comments

FUNDING

InnerWave Ventures Looking To to Invest in 18-20 Startups in Next Three Years

A community of early-stage angel investors InnerWave Ventures today said it is planning to invest in 18-20 start-ups in next three years in the range of Rs 1-1.5 crore. Currently, InnerWave Ventures, which is managed by corporate advisory firm InnerWave, consists of 32 angel investors which are looking to help start-ups in need of additional capital. "A lot of the angels have built up their own businesses and may be sold them or are in a semi-retired stage and they want to pass on the knowledge that theyve picked up," InnerWave Ventures co-founder Varun Dhingra said. InnerWave Ventures said it will also be adding more angel investors to its network who are looking to invest in pre- screened start-ups. "The investment can come from a single angel or a group and it can range anyw...

India a Land of Software Developers: Microsoft official

14May By Press Trust of IndiaNo Comments

News

India a Land of Software Developers: Microsoft official

India has become a land of software developers with the country accounting for the third largest number of such professionals, a senior Microsoft official has said. Driven by immense opportunities that the Indian government's digitisation programme has offered and the fact that it opens up a new vista of more than a billion plus market inside the country, there is a new level of enthusiasm and confidence among the Indian developers community, said Narendra Bhandari, GM Developer Group in India, Microsoft. "The impact of these policy initiatives like demonetisation and GST, which is being rolled out soon, on software developers is that people who are building these applications are now thinking, how do I build these applications for a billion people, not for the twenty million...

3May By AnkitaNo Comments

News

Wipro Unveiled its New Brand Identity, Launched New Logo

Bangalore, Karnataka, India- Wipro Limited, a leading global information technology, consulting and business process services company, today unveiled its new brand identity. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirements and drive future opportunities in this digital era. The new brand identity marks Wipro’s emergence as a trusted digital transformation partner to clients, delivering at global scale with increasingly localized capabilities, and leveraging hyper-automation, robotics, cloud, analytics, cognitive and emerging technologies. This new brand identity also mirrors two key attributes cited by clients as unique to Wipro’s brand: the integrated perspective that W...

28Apr By PriyankaNo Comments

INDIA

Google Expanded Support For Nine More Indian Languages

Google has expanded support for nine more Indian languages, including Gujarati, Punjabi, Malayalam and Kannada, across various products to ensure more people can access Internet in a language of their choice. Powered by 'neural machine translation', users will be able to translate between English and nine widely-used Indian languages — Hindi, Bengali, Marathi, Tamil, Telugu, Gujarati, Punjabi, Malayalam and Kannada. The new technology translates full sentences instead of doing it in pieces and therefore, offers better quality translation. The new translation capability will be available for Google Search and Maps -- both on mobile and desktop. "India today has 234 million Indian Language users who are online, compared to 175 million English web users. We expect another 300 mill...

Infosys Launches Infosys Nia- The Next Generation Integrated Artificial Intelligence Platform

27Apr By PriyankaNo Comments

News

Infosys Launches Infosys Nia- The Next Generation Integrated Artificial Intelligence Platform

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company's first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge. Together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations. Infosys Nia converges the big data/analytics, machine learning, knowledge management, infrastructure management services etc. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs....

Another Woman Alleges Sexual Harassment By Tech Investor Mahesh Murthy

24Apr By AnkitaNo Comments

News

Another Woman Alleges Sexual Harassment By Tech Investor Mahesh Murthy

Woman author Rashmi Bansal has accused venture investor Mahesh Murthy of sexual harassment 13 years ago, which he has denied as "absolute and complete lies". The author, who made the allegations ahead of her book launch, said she has not filed a police complaint against the sexual advances that Murthy allegedly made in a cafe in 2004. "This story dates back to 2004. In one of my meetings with that person (Mahesh Murthy) at Mocha Cafe in Mumbai, he kicked off a conversation about his open marriage. "He was sitting across opposite and then got up and sat closer to me. He leaned forward and touched me inappropriately," Bansal told Pixr8. However, Murthy has denied all these charges. "Not only has she suddenly come up with claims about a period more than 13 years ago, the claims t...

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

21Apr By kriti singhNo Comments

FUNDING

Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund

Hero Enterprises Chairman Sunil Kant Munjal today committed an investment of Rs 100 crore in a new fund of social venture capital firm Aavishkaar -- Aavishkaar Bharat Fund. The fund is sixth by Aavishkaar and a Sebi-registered category II alternative investment fund (AIF). "At this stage in India's evolution, it is clear that for the entire country to develop, rural areas and underprivileged citizens must become part of the economic miracle, not through charity, but through real opportunities," Munjal said in a statement. The fund, targeting a corpus of Rs 2,000 crore will invest in businesses that deal in under-served population in sectors such as agriculture, financial services, healthcare, waste and sanitation, renewable energy and logistics and supply chain. Aavishkaar Foun...

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

13Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy. "We still have a little bit of work in reducing friction to businesses. We need to create an environment where the government has more trust in its entrepreneurs than it is today," Murthy, 70, told students of the prestigious Darden School of Business at the University of Virginia here. Murthy, the recipient of the 2017 Thomas Jefferson Foundation medal in Global Innovation, was responding to Darden School of...

Hyderabad Based Startup Smartron Raise Rs 250 Crore

8Apr By PriyankaNo Comments

FUNDING

Hyderabad Based Startup Smartron Raise Rs 250 Crore

Technology company Smartron today said it will raise up to Rs 250 crore more and plans to more than double its workforce over the next 18 months. Smartron, a Hyderabad-based start-up today celebrated its first anniversary of the public launch and introduction of tbook, tphone, and ttab devices and tronxIoT platform. The day also marked the expansion of the R&D and other operations with the opening of the new corporate headquarters located in Gachibowli here, which was inaugurated by Telangana’s IT Minister K Taraka Rama Rao. Smartron Founder and Chairman Mahesh Lingareddy said "this expansion is a step towards building a stronger base to support the R&D and innovation to create a smart product ecosystem." Smartron, in the last two years, went from inception to 200 plus team...

25Mar By AdityaNo Comments

INDIA

India’s First Two Days Rural Innovation & Startup Conclave Concluded in Hyderabad

The two-day Rural Innovation and Startup Conclave (RISC2017), which aims to provide a platform to rural innovators and start-ups, today got underway at the National Institute of Rural Development and Panchayati Raj (NIRD & PR) here. "Rural Innovators Startup Conclave is a good beginning to connect all dots to take science and technology, to take innovative minds to the rural areas to harness the creativity available in rural areas for solving the problems in rural areas," NIRD & PR Director General W R Reddy said at the inauguration ceremony. For promotion of rural entrepreneurship, NIRD & PR wants to become platform for creative minds, innovators, startup enthusiasts and to connect them with rural India to resolve some of the rural issues and rural challenges, Reddy said. "The fo...

Google Acquires Canadian Cloud Specialist Firm AppBridge

14Mar By PriyankaNo Comments

ACQUISITION

Google Acquires Canadian Cloud Specialist Firm AppBridge

Alphabet's Google has announced the acquisition of Canadian technology firm AppBridge that helps companies transfer data to the technology giant's Cloud platform. "We are acquiring Vancouver-based AppBridge that builds connectors to... connect up into Google Cloud," said Prabhakar Raghvan, vice president (apps) Google Cloud at the Cloud Next Conference here. Raghvan, however, did not disclose the details of the deal. The company had yesterday announced the acquisition of start-up firm Kaggle. Google also announced a slew of products and services for both enterprises and individuals including add-ons for Gmail, Hangouts Meet and Hangouts Chat. "Last year, we talked about doubling our enterprise focus for Hangouts and our commitment to building communication tools focused on the ...

Tech Mahindra Set Up Future Lab in Bengaluru For AI, AR and Manufacturing Design

8Mar By AnkitaNo Comments

News

Tech Mahindra Set Up Future Lab in Bengaluru For AI, AR and Manufacturing Design

Tech Mahindra today announced that it has set up a "state-of-the-art" lab at its campus here, which works on technologies that are expected to power the future factory floors. Known as the "Factory of the Future" lab, the new centre showcases assets and solutions in the areas of Digital Manufacturing, Connected Machines, Addictive Manufacturing, Robotics & Automation, Artificial Intelligence & Analytics, and Augmented Reality & Virtual Reality, the company said in a statement here. It also said the lab will demonstrate solutions and products built in association with many leading software and hardware vendors, adding that it is built in modular form to showcase Industry 4.0 concepts that are central to be able to help building the digital backbone of client organisations. It makes ...