Funding Roundup: Investments cross $400 million on the back of growth deals

Vijayakumar Pitchiah

Growth stage funding took center-stage again this week which saw a total of 21 deals worth more than $400 million being concluded. ....

19 July, 2019

Govt to build data & analytics platform; FaceApp in new row

Team TC

The government is planning a new data platform. Microsoft shares rally on cloud show. FaceApp is facing a new challenge. NITI ....

19 July, 2019
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Centre to incentivise ministries, state govts to buy via GeM

Payal Ganguly

Various central ministries and state governments will be incentivised to procure products and services from the Government e-Marketplace ....

19 July, 2019

Nasscom to help SMEs enter US market

Tanmay Tiwary

The National Association of Software and Services Companies (Nasscom), the software services industry lobby, has announced the ....

19 July, 2019

Mindtree founders to stay on and ensure smooth transition

Anirban Ghoshal

Mindtree founders Rostow Ravanan, Krishnakumar Natarajan and NS Parthasarathy have agreed to stay back with the company for some ....

19 July, 2019

Amazon India to give 30-day notice to 3rd party sellers before ending contracts

Payal Ganguly

In a big boost for third-party sellers, online marketplace Amazon India will now give a 30-day notice before terminating agreements, ....

19 July, 2019
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Most emerging technologies are going to be fueled by open source: Brent Schroeder, Suse

Vignesh Ananthraj

Brent Schroeder took charge as Global CTO at German open source software firm Suse in June this year, about a year after it was ....

19 July, 2019

Indian server market declined 16% in Q1 2019: IDC

Om Athavale

The server market in India registered a year-over-year (YoY) decline in revenue of 16.2% to $298 million in the first quarter ....

19 July, 2019

Venture Catalysts backs US-focussed equities investment platform Vested

Shweta Sharma

US and India-based investment platform Vested has raised an undisclosed amount of funding from incubation platform Venture Catalysts.  The ....

19 July, 2019

ShopClues lays off 200 employees as it runs out of M&A options

Binu Paul

Ecommerce marketplace ShopClues has laid off about 50% of its workforce as the going gets tough for the Gurugram-based company ....

19 July, 2019
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Cars24 in legal quandary, IKEA launches online operations in Mumbai

Team TC

Cars24 gets notices from landlords over non-payment of rent. In a global first, IKEA launches online operations in Mumbai ahead ....

19 July, 2019

Cryptocurrency exchange Cryptokart shuts operations

Tanmay Tiwary

Cryptocurrency exchange firm Cryptokart is shutting down operations. “We've decided to shut down Cryptokart,” ....

19 July, 2019

Watch: B2B startups will take off in the next 6-7 years: Sateesh Andra, Endiya Partners

Anand J & Vijayakumar Pitchiah

Hyderabad-born Sateesh Andra spent several years in Silicon Valley building his own IT management software startup Euclid before changing lanes to become a venture capitalist. He set up and ran Draper Fisher Jurvetson’s (DFJ) India operations more t

19 July, 2019

Intel, SAP announce new partnership

Vignesh Ananthraj

Multinational technology and chip maker Intel and German ERP leader SAP SE announced  a multi-year technology partnership, ....

19 July, 2019

L&T Infotech reports 1.5% drop in net profits, revenues up 15.3%

Anirban Ghoshal

Larsen & Toubro Infotech (LTI), the information technology services arm of Mumbai-based engineering conglomerate L&T, ....

19 July, 2019

Cyient Q1 net profit up 9.7%

Vignesh Ananthraj

Hyderabad-based engineering, manufacturing and data analytics technology solutions company Cyient reported a 9.7% increase in ....

18 July, 2019

ByteDance under govt scrutiny for data collection by TikTok, Helo

Payal Ganguly

In a three-page letter issued to short video app TikTok and language chat app Helo, the ministry of electronics and information ....

18 July, 2019

Fintech startup CredAble’s subsidiary gets NBFC licence

Shweta Sharma

Mumbai-based financial services company CredAble’s wholly-owned subsidiary, Equentia Financial Service Private Limited, ....

18 July, 2019