TechThisWeek: Automation Anywhere and Perfios raise fresh capital; Doodhwala founders in trouble; India leads mobile ad fraud in Asia
The week saw a massive funding of $290 million going into robotic process automation software firm Automation Anywhere. The company raised the amount as part of its Series B funding round led by Salesforce Ventures.
Bengaluru-based financial analytics software firm Perfios Software Solutions raised $50 million in its Series B funding round led by Warbug Pincus and Bessemer Venture Partners.
Micro-delivery startup Doodhwala, which suspended its operations over a month back, is making headlines again not good reasons. The vendors of the company have filed an FIR against its founders Akash Agarwal and Ebrahim Akbari for alleged defaults on payments due to vendors.
Not just vendors, Doodhwala employees have also filed FIRs against the founders over three months’ of pending salary.
In a report published by US-based non-profit organisation Mobile Marketing Association, India leads in the mobile ad fraud across Asia. The report said that India stands at a rate of 62% mobile ad fraud.
In another news, market regulator SEBI is all set to invest Rs 500 crore over the next five years on information technology projects.
Join our reporters as they bring you up to speed with all these developments in the latest episode of our podcast TechThisWeek #TTW.
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