Fintech startups need to rework their Aadhaar
Startups will now have to include additional documents for verification which will raise costs.
Amazon’s plan to reach 500 million Indians: Speak their language
Amazon’s expansion into Hindi is vital to the company’s ambition of making India its next big market.
myUpchar raises $5 million from Nexus, Omidyar and Shunwei
The company will use the newly infused funds to further strengthen its voice, vide...
Google, Xiaomi in talks to invest in two-year-old startup
While Google is in talks for a $30-40m buyout, Xiaomi looks to invest in it, and if the deal goes through, it’ll be first product acquisition here by global big tech.
ZestMoney raises $13.4 million in a round led by Xiaomi
ZestMoney will strengthen its technology and data science capabilities as well as expand use cases for the core ZestMoney Affordability Product.
Quikr's realty vertical turns profitable; FY19 revenue may rise two-fold to Rs 170 cr
Quikr's revenue from real estate vertical has reached about Rs 14 crore per month in July 2018, a three-fold jump from a year-ago, despite overall slowdown in the property market.
Flipkart acquires AI startup Liv.ai to start the ‘voice’ revolution
As part of this acquisition, the 20-member team of Liv will be part of Flipkart’s ‘voice solutions’ team and help accelerate an end-to- end conversational shopping experience for its users.
Essel Group unit leads Rs 300-crore round in ZipGo
In December 2016, the startup had raised $6 million in funding, in a round led by Ventureast and Omidyar Network.
JP Morgan & IIMA’s CIIE set up $9.5 mn financial inclusion lab for early stage fintech startups
JP Morgan will provide up to $7 million over the next four years towards this initiative.
Consortium for women entrepreneurs formed
The consortium is an outcome of the UN India Business Forum (UNIBF) CEO Roundtable held in collaboration with NITI Ayog in Bengaluru on Thursday.
Blockbuster exit for Asha Impact from NBFC Varthana
Founded by Genpact’s former CEO, Pramod Bhasin and Vikram Gandhi who was previously with Credit Suisse and Morgan Stanley, Asha Impact follows a multi family office structure including 9 investors in its circle and was set up in 2014.
IIM-Ahmedabad to invest $25 mn in startups over 3-4 yrs
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 Omidyar Network,
Quikr expands leadership, appoints first ever Chief Financial Officer
Tewari will play a key role in the company's group level financial strategy and growth opportunities across its various marketplaces including the various acquisitions that Quikr has made in the last 3 years.
Lending is the flavour of the month, but there’s enough space for us all: Piyush Khaitan
Khaitan explains why lending becoming the flavour of the year among venture capital funds might be good for merchants.
Fintech platform Kaleidofin raises Rs 18 crore in seed round
“Kaleidofin aims to be the financialadvisor for potentially 600-million plus informal sector customers,” said Sucharita Mukherjee, founder, Kaleidofin.
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