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    Oracle Plans Data Centre In India To Challenge AWS, Google Cloud

    India is the sixth -highest revenue generating company for Oracle The data centre will be looking at PaaS and IaaS It is also testing for SaaS and Oracle Cloud Infrastructure California-headquartered computer technology company Oracle is looking to launch its first India data centre later this year in Mumbai. Andrew Mendelsohn, executive vice president, Oracle Database, told IANS...

    • 2 hrs ago
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    MietY Asks Google, Facebook To Pull Down Content About Fake Food: Report

    FSSAI had earlier appraised MeitY over the issue It had pointed out instances including the false scares being created on issues such as plastic eggs FSSAI has suggested MeitY to appoint a nodal officer to take up such issues The Ministry of Electronics & Information Technology (MeitY) has reportedly served a notice to popular social media and internet companies to take...

    • 2 hrs ago
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    The Bane of Angel Tax: A Brief Timeline

    The timeline gives a purview of the incorporation and execution of angel tax law In February 2018, CBDT notified no coercive action against startups valued in DCF way Similar notification released on December 24, 2018, yet startups continued to get I-T orders Introducing the Finance Bill in the Lok Sabha on March 16, 2012, the then finance minister Pranab Mukherjee had stated, "I had outlined a...

    • 3 hrs ago
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    Startup Events This Week: Inc42 Founders Meetup And More

    Inc42 is all set to host the fifth edition of its Founders Meetup on January 24 About 50 startup founders and hustlers are expected to participate in the meetup The 27th Convergence India expo is to be hosted from January 29-31 The sixth annual Indian Alternative Investments Summit (IAIS) was also hosted last week. The event was jointly organised by the Association of International Wealth...

    • 4 hrs ago
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    Five Most Active Venture Capital Funds Of 2018

    An amount of $11 Bn across 743 deals was raised in 2018 A moderately increasing trend was observed in the ratio of VCs to total investors investing in the ecosystem Accel Partners India grabbed the top spot with 28 deals This article is an extract from Inc42's 'Annual Indian Tech Startup Funding Report 2018' which provides a detailed analysis of the funding trends and Mergers &...

    • 4 hrs ago
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    Cisco's John Chambers Urges Indian Startups To Go Global

    John Chambers was in Ahmedabad to attend the Vibrant Gujarat Summit 2019 Chambers is the founder of venture fund JC2 Ventures JC2 Ventures has invested in two Indian startups Cisco's chairman emiritus John Chambers reportedly said that Indian entrepreneurs should test their products in the global markets especially the US as the competition they will face from more mature players...

    • 4 hrs ago
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    OYO Expands To Phillippines, Begins Partnering With Hotels In Manila

    OYO has various job positions open in Manila, Davos etc It joined unicorn club in 2018 Philippines hotel industry is expected to rake in $663 Mn in revenue in 2019 Homegrown hospitality unicorn OYO has entered yet another global destination in its bid to expand its customer base and extend its reach in the international tourism sector. The Ritesh Agarwal-led company, which has...

    • 4 hrs ago
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    Agritech Startup AgNext Raises Funding From Kalaari Capital

    AgNext has raised a total of around $4 Mn over the last 12 months In April, Agnext had raised an undisclosed amount from Omnivore Partners AgNext was founded in October 2016 by Taranjeet Singh Bhamra and Mrigank Sharad Chandigarh-based AgNext has raised a Pre-Series A round from venture capital fund Kalaari Capital as the agritech startup seeks to further expand its product portfolio. ...

    • 5 hrs ago
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    Maruti Suzuki Sets Up Innovation Lab For Automotive Startups

    Maruti Suzuki has partnered with GHV innovation lab for this initiative By setting up the lab, Maruti Suzuki aims to come up with next generation ideas The Indian automotive manufacturing sector is one of the fastest growing in the world India's largest car manufacturer Maruti Suzuki has announced the launch of its Mobility & Automobile Innovation Lab (MAIL) as part of a...

    • 5 hrs ago
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    ITI Growth Opportunities Leads Seed Round In EV Startup REVOS

    SUN Mobility backed by Chetan Maini also participated in the round Mohit Gulati will join the board of REVOS ITI Growth Opportunities looks to announce final close of its first fund by end-2019 Mumbai-based early-stage investment firm ITI Growth Opportunities Fund has led an undisclosed amount of seed round investment in Bengaluru-based smart mobility startup REVOS. SUN Mobility...

    • 5 hrs ago

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