In Brief: Dunzo eyes $30 mn fundraise; Parliamentary panel on data bill summons Facebook

In Brief: Dunzo eyes $30 mn fundraise; Parliamentary panel on data bill summons Facebook
Photo Credit: Thinkstock
5 Aug, 2020

Hyperlocal delivery startup Dunzo is in advanced talks to raise $30 million in an internal round of funding, Entrackr reported. Aspada Ventures is likely to lead the round at a valuation of $250 million, while Lightbox, Google and STIC will join on a pro-rata basis, the report said. If the deal goes through, the Bengaluru based company will receive capital from the fresh equity financing round after 9-10 months, it added. 

Read: Security breach at Dunzo reportedly exposes user phone numbers, email addresses

Facebook to be deposed before parliamentary panel on data bill

Representatives of Facebook are set to be deposed before the Joint Parliamentary Committee on the Personal Data Protection Bill on August 10, as per a report on The Economic Times. For the second meeting, the social media giant will be joined by industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM), APJ Abdul Kalam Centre and L&L Partners Law Office, it said. During the last meeting, the Ministry of Electronics and IT (MeitY), Ministry of Home Affairs and the Unique Identification Authority of India (UIDAI) briefed the committee on the matter, the report added.

Ringmaster, Mphasis announce strategic partnership

Cloud-based healthcare software provider Ringmaster Technologies has entered into a strategic partnership with Mphasis to leverage the latter’s real time healthcare payer platform Javelina. Javelina will offer clients a platform to expedite stop-loss quoting, contracting and claim processes, while Ringmaster’s software products Quote-LinQ and Smart-LinQ, which offer real time service alerts, have been made available to Mphasis Javelina customers, a statement said.

NPCI rolls out loyalty platform nth Rewards

The National Payments Corporation of India (NPCI) has launched a business intelligence and analytics-enabled omnichannel multi-branded loyalty platform called nth Rewards. The platform will allow users to earn points through bank transactions and redeem them on products such as e-vouchers, donations, hotels and flight bookings, according to a statement. 

PayU launches feature to help merchants scale up operations

Fintech startup PayU said it has launched Payouts from Payins, a feature to help merchants receive payins -- settlements and payments -- directly into virtual accounts created by PayU. The feature eliminates the need for constant recharging, and enables merchants to make bulk disbursal to vendors, partners, employees and customers, a statement said.

DotPe to offer digital ordering, payments solution to Phoenix Marketcity

Gurugram based commerce and fintech platform DotPe has partnered with Phoenix Marketcity, Bengaluru, to offer contactless dining and takeaway solutions. DotPe currently provides its digital ordering solutions, integrated with a payments gateway, to 12 food and beverage brands in the mall’s food court, a statement said.

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