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    [Weekly funding roundup] Christmas comes early - Investors play Santa with over $640 M for Indian startups

    If OYO was the bellwether in last week's funding, Byju's claimed the pivot position in this weekly fund raising. Funding raised by the Indian startup ecosystem crossed the half-a-billion-dollar mark this week, anchored by Byju's $400 million private equity funding. From Monday until today, total funding in the ecosystem...

    • 17 hrs ago
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    At Global VC Summit, investors bullish on Indian government's ease of doing business reforms, B2B startups

    The Startup India Global Venture Capital Summit, 2018, a gathering of international fund managers, startups and Government officials which recently concluded in Goa focused on the opportunities for investment in the state and the Indian startup ecosystem, as a whole. The Summit provided a platform for India to showcase its vast and diverse...

    • 21 hrs ago
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    Tier 2 &Tier 3 cities driving monetisation of the new Indian opportunity, say startup founders

    At the recent Global VC Summit 2018 in Goa, international fund managers, startups, government officials and key stakeholders from the startup ecosystem came together to deliberate on topics such as innovation in India, disrupting traditional models, enabling regulations and the 'India advantage'. The event, an initiative of the Department of...

    • 21 hrs ago
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    Amazon India joins hands with FISME to empower micro, small, and medium enterprises

    Amazon and FISME will conduct events and workshops to enable and encourage MSMEs to sell their products in India and across the world with ecommerce marketplace solutions. In line with its vision of transforming the way India buys and sells, Amazon India has announced a partnership with the Federation of Indian Micro and Small and Medium Enterprises (FISME) to...

    • yesterday
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    Battle against fake news gets intense as social media app Helo joins the brigade

    Social media app Helo has joined the brigade of social media platforms to battle against fake news. The New Delhi-headquartered vernacular social platform Helo has partnered with Alt News, a fact-checking company, with an aim to create a safe environment for the exchange of perspectives and information, given the personalised and localised vernacular content on its...

    • 2 days ago
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    Logistics solution provider Sagisu raises $2.1 million

    Intra-city logistics aggregator Sagisu will use the investment to build smart hubs, expand its footprint, and scale up technology platform. Sagisu, an intra-city logistics solution provider, has secured seed funding of $2.1 million to scale up its operations.The funding commitment is from prominent investors in the US and India. The investment comes on the back of Sagisu's steadily...

    • 2 days ago
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    Ericsson to open global Artificial Intelligence accelerator centre in Bengaluru

    The centre by Ericsson in Bengaluru will create 150 new jobs with hiring spread across disciplines such as data scientists, engineers, machine learning and artificial intelligence architects. Ericsson, the global networking and telecom company, has set up a Global Artificial Intelligence Accelerator (GAIA) centre in Bengaluru. Apart from India, it has set up...

    • 2 days ago
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    Student loans provider MPOWER Financing raises $110 M funding

    MPOWER Financing said it has completed its largest funding round of $110 million on Thursday. The funding round was led by Gray Matters Capital and Community Investment Management (CIM). Washington-based MPOWER Financing provides educational loans to meritorious students to study overseas. Funds from the latest round will be used to give loans to students enrolling in major US...

    • 2 days ago
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    [YS Exclusive] Dunzo files provision for Series C funding, set to raise close to $30 M

    According to Dunzo's filings with the Registrar of Companies (RoC), the hyperlocal concierge app has made provision for Series C funding, where Blume Ventures and Google India have committed participation in this round of funding. It has been speculated for a while now the company would be raising $25 - $30 million from existing investors. However,...

    • 2 days ago
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    Walmart Labs makes second acqui-hire in India with AI startup Int.ai

    The team of Int.ai will be part of health and wellness portfolio under customer technology of Walmart Labs as the retail giant leverages the premium talent pool in India. Walmart Labs has announced its second acqui-hire in India by taking into its fold the key team of Int.ai, an AI startup founded in 2016. Earlier, in September this year, Walmart Labs had acqui-hired Appsfly....

    • 2 days ago

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