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    IAN secures third exit this year from used car platform Spinny

    Valuedrive Technologies, the parent company of used car buying and selling platform Spinny, raised $13.2 million from SAIF Partners and Accel Partners. Seed stage platform Indian Angel Network (IAN) reported its full exit from Spinny on Tuesday. The Spinny-IAN exit was facilitated at a pre-money valuation of Rs 125 crore whenValuedrive Technologies, parent company of Spinny, raised...

    • 7 hrs ago
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    Flipkart employees can now choose their own benefits package under new policy

    Flipkart's new employee benefit programme, which came about following an internal engagement survey, will also offer coverage for LGBT couples, parent care, mental well-being, among other initiatives. India's leading ecommerce marketplace Flipkart, owned by Walmart, has introduced a new employee benefit initiative where they can chose their own benefit package...

    • 8 hrs ago
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    WhatsApp India just gave $50,000 each to these 5 Indian startups

    These five startups were selected by WhatsApp India from close to 2,000 entries evaluated for innovative thinking, scale of impact, and the ability to solve real problems faced by Indians. WhatsApp India on Tuesday handed cheques for $50,000 each to the five winners of a grand startup challenge it had organised with Startup India, the government's flagship initiative. The five...

    • 8 hrs ago
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    RBI to examine concerns over data localisation norms, says govt

    The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India, without creating mirror sites overseas, the government said on Tuesday. The Reserve Bank of India (RBI) in April last year asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline for...

    • 9 hrs ago
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    Micromax founder's new startup launches AI-enabled electric motorcycle with a ringtone

    Riders can simply charge the batteries by plugging them into any 15-ampere socket as the battery is portable and can be removed easily from the bike and replaced back after charge. Electric two-wheeler maker Revolt Intellicorp, founded by Micromax's co-founder Rahul Sharma, unveiled its first artificial intelligence (AI)enabled electric motorcycle RV400, on...

    • 9 hrs ago
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    Goyal asks companies to submit concerns on draft ecommerce policy in 10 days

    The issue was discussed during a meeting between the minister and representatives of ecommerce and technology industry on Monday. Commerce and Industry Minister Piyush Goyal has asked e-retail companies to submit their concerns pertaining to the draft ecommerce policy of the government within 10 days. The issue was discussed during a meeting between the minister and...

    • 9 hrs ago
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    Google not relaunching services in China: Sundar Pichai

    The CEO of Google said that the company was not actively working on a new Chinese search engine though he acknowledged that the company was ignoring China and its hundreds of millions of internet users. Google, which quit China in 2010 in protest over Beijing's strict censorship policies, is not relaunching its services in the country without the "right conditions," said CEO...

    • 9 hrs ago
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    Karnataka to focus on Tier-II cities in its new IT policy

    The objective behind the new IT policy is to push Karnataka as the global 'first choice' for innovation and technology, said an official. With focus on Tier-II cities, the Karnataka government will soon be announcing a new information technology policy to drive investment and employment opportunities in the state, a senior government official said on Monday. "Our focus would be to...

    • 10 hrs ago
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    [Funding alert] B2B platform for chemical industry Chemarc.com raises Rs 6 Cr from industry leaders Dilip Raghavan and Prashant Purker

    Founded in 2017 by Punit Krishna, Chemarc currently has more than 250 companies on its platform including global leaders BASF, Archroma, and Covestro. Chemarc.com, a Mumbai-based comprehensive digital platform for the chemical industry in India, has raised over Rs 6 crore in Pre-Series A round of funding from...

    • 10 hrs ago
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    MobiKwik to offer services in 150 countries, partners with DT One

    As per this agreement, MobiKwik will offer mobile recharge in 150 countries across 550 mobile operators, which is first of its plans to tap customers in international markets. Gurugram-based payments company, MobiKwik, on Tuesday said it has announced a partnership with global B2B network for mobile top-up solution, DT One. As per this agreement, MobiKwik will offer mobile...

    • 11 hrs ago

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