Bike-sharing startup Bounce clocks 5mn rides

Team TC

Bengaluru-based bike-renting platform Bounce recently completed five million rides. The platform also clocked 60,000 rides ....

31 July, 2019

CapitalG-backed Aye Finance raises $7.9 mn from DCB Bank

Shweta Sharma

Non-banking finance company Aye Finance has raised Rs 55 crore ($7.9 million at the current exchange rate ) from DCB Bank through ....

31 July, 2019
ADVERTISEMENT

Sequoia leads $5 mn Series A round in fintech startup Progcap

Vijayakumar Pitchiah

New Delhi-based Progcap, which offers financing and supply chain-based solutions for micro and small enterprises,  has raised ....

31 July, 2019

eBay buys 5.6% of Paytm E-Commerce for $160 mn

Vijayakumar Pitchiah

The US-headquartered ecommerce firm eBay will invest $160 million (Rs 1,102.53 crore at the current exchange rate) for a 5.59% ....

31 July, 2019

Bengaluru student wins award at Microsoft’s 2019 AI Challenge; Indian IT companies contributed nearly $60 bn to US GDP in 2017

Team TC

An engineering student from Bengaluru wins award at Microsoft’s 2019 AI for Good Idea Challenge. India’s top diplomat ....

31 July, 2019

Madhusudan Shekar on how Amazon is democratizing AI

Vignesh Ananthraj

As head of digital innovation at Amazon Internet Services, the local arm of Amazon Web Services, Madhusudan Shekar is tasked with ....

31 July, 2019
ADVERTISEMENT

Truecaller bug automatically registers Indians for UPI; company updates app version

Shweta Sharma

Caller identification app Truecaller automatically started creating unified payments interface (UPI) accounts for Indian users ....

31 July, 2019

Sequoia India raising $200 mn more for existing fund; Pine Labs gets $102 mn funding from parent

Team TC

Payments solutions company Pine Labs has received fresh funding from its Singapore-based parent. Sequoia India is adding $200 ....

31 July, 2019

IoT adoption becoming critical for business success, says Microsoft report

Vignesh Ananthraj

Almost 88% Internet of Things (IoT) decision makers surveyed by Microsoft felt the adoption of IoT-based technologies is becoming ....

31 July, 2019

Trucking platform Rivigo granted US patent for relay service model

Payal Ganguly

Tech-enabled logistics firm Rivigo has been granted patent rights by the United States Patent and Trademark Office (USPTO) for ....

31 July, 2019
ADVERTISEMENT

Amazon continues to dominate cloud storage biz: Gartner

Team TC

Seattle-headquartered Amazon Web Services (AWS) continued to dominate the infrastructure-as-a-service (IaaS) space in 2018 with ....

30 July, 2019

Tech Mahindra acquires US-based design consultancy firm Mad*Pow

Anirban Ghoshal

Indian IT services firm Tech Mahindra will acquire US-based design consultancy firm Mad*Pow.  The acquisition, which is ....

30 July, 2019

AI could reshape work environment by 2030, finds Dell study

Team TC

Emerging technologies will disrupt traditional business models to ensure a more inclusive work environment by 2030, according ....

30 July, 2019

Tech Mahindra Q1 revenue up 4%, profit up 7%

Anirban Ghoshal

Indian IT services firm Tech Mahindra, a subsidiary of automobile major Mahindra Group, reported a 4% rise in revenue and a 7% ....

30 July, 2019

Lightspeed, Mayfield, Kunal Shah back community platform MyScoot

Shweta Sharma

Delhi-based, community platform for home-hosted experiences MyScoot has secured $1.7 million (Rs 11.7 crore at the current exchange ....

30 July, 2019

Cisco academy to train 1mn Indian students by 2025

Team TC

US-based networking major Cisco Systems is planning to train one million Indin students in key digital skills by 2025.  The ....

30 July, 2019

Sequoia leads $14.5 mn funding round in Pocket Aces

Team TC

Mumbai-based digital entertainment company Pocket Aces has raised about $14.5 million (Rs 100 crore) from Sequoia India, DSP Group, ....

30 July, 2019

Amazon may start food delivery business in India: Report

Team TC

The Indian arm of Seattle-based ecommerce giant Amazon is planning to enter the food delivery segment in India and launch operations ....

30 July, 2019