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    [Funding alert] Digital wealth manager Kristal.AI raises $6M from Chiratae Ventures

    Singapore-based digital wealth management platform, Kristal.AI, which is celebrating its fourth anniversary this year, has announced closing its latest Series A funding round of $6 million. The funding, which was finalised in December last year, is led by Chiratae Ventures (formerly IDG Ventures India) and Desai Family Office, which has interests ranging from...

    • 17 min ago
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    Budget 2020: The Finance Ministry's 'sweet' gesture

    The Finance Ministry on Monday afternoon hosted the customary ‘Halwa’ ceremony. The event marked the beginning of printing documents for Budget 2020. The annual ritual took place at the North Block, where the ministry is housed. The event was attended by officials and clerks of the ministry along with the Finance Minister Nirmala Sitharaman.Hosting the ceremony a few days before the...

    • 37 min ago
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    Commerce ministry for restricting duty-free alcohol purchase to one bottle

    The Commerce ministry has recommended restricting purchase of tax-free alcohol to one bottle at duty-free shops as part of its measures to reduce import of non-essential goods, sources said.The ministry has also recommended to its finance counterpart that purchase of cigarette cartons at duty-free shops should be prohibited, they said.These recommendations are part of the...

    • 48 min ago
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    This viral video gave Anand Mahindra an 'inferiority complex'

    Anand Mahindra has never been one to hold back expression on social media. The Mahindra Group Chairman was not only one of the first Indian corporate leaders to join Twitter (back in 2009), but continues to be one of its most active users.Mahindra's keen observations and opinions on a range of issues from business, industry, and technology to cricket, cinema, and daily life keep his...

    • 48 min ago
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    Actor Mahesh Babu launches his apparel brand, The Humbl Co, on Myntra

    The Humbl Co, a menswear brand launched last year by South Indian film actor Mahesh Babu, has now announced its launch on Myntra on Sunday. The casual wear brand features easy-to-wear styles for men of all ages including sweatshirts, hoodies, shirts, caps, denim, jackets, chinos, and essential T-shirts, with over 200 styles that start at prices of Rs 599 onwards. Speaking...

    • 53 min ago
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    Falcon Edge Capital raises $45.7M for its India-focussed fund

    New York-based hedge fund Falcon Edge Capital, which has invested in companies like Ola, Quikr, Dailyhunt, Khatabook, and others, has raised $45.7 million for its first India-focussed fund called Falcon Edge India I LP.In its US Securities and Exchange Commission (SEC) filings, Falcon Edge disclosed that Cayman Islands-based Falcon Edge India I LP is a pooled fund of nine investors,...

    • an hour ago
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    Here's how ex-Flipkart CTO Ravi Garikipati's fintech startup aims to enable financial inclusion at the bottom of the pyramid

    In 2017, former Flipkart CTO Ravi Garikipati was responsible for the ecommerce group’s financial technology initiatives. He went on to seed many financial initiatives on the ecommerce platform, including Flipkart’s Buy Now Pay Later scheme, cardless EMI, and a unique mobile protection insurance product....

    • an hour ago
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    'Frustration is the genesis of entrepreneurship' - 55 quotes from Indian startup journeys

    Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous post here). Share these 55 gems and insights from the week of January 13-19 with your colleagues and networks, and check back to the original articles for more insights. See also our compilation of Top...

    • 2 hrs ago
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    Face recognition app to be used in Telangana Municipal polls on pilot basis

    In a first-of-its-kind in India, the Telangana State Election Commission will be using facial recognition app on a pilot basis in 10 selected polling stations in a bid to counter impersonation by voters.The initiative will be implemented in Kompally Municipality of Medchal Malkajgiri district, an official release said.However, a negative result would not deprive the voter...

    • 2 hrs ago
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    Amazon India to add 10K electric delivery vehicles by 2025

    Ecommerce major Amazon India on Monday said its fleet of delivery vehicles in the country will include 10,000 EVs by 2025.Amazon's rival Flipkart had in June last year said it aims to replace 40 percent of its delivery vans with electric vehicles (EVs) by March this year. The Walmart-owned company has deployed EVs in cities like Delhi, Hyderabad, and Bengaluru.Amazon, in a statement, said...

    • 2 hrs ago

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