BigBasket, a Tata Group-owned etailer, revealed on Saturday that it has acquired the enterprise business unit of deep-tech startup Agrima Infotech in an attempt to revolutionise offline retail. At the self-checkout counters of BigBasket’s retail outlets, Kochi-based company Agrima Infotech’s unique customer vision technology platform, Psyight, will be implemented. Psyight, developed by Agrima Infotech’s Anoop Balakrishnan, Arun Ravi, and Nikhil Dharman, enables identify all Indian fruits and vegetables from an image without the use of barcodes. Balakrishnan, cofounder and CEO of Agrima Infotech, believes that his company’s partnership with BigBasket…
Read MoreAuthor: FutureTech
Hackers are spreading malware through Microsoft Teams chats
Hackers have devised a scary effective method of infecting millions of users in one go. Hackers have started dropping harmful executable files in Microsoft Teams discussions, resulting in new sorts of intrusions. Anyone in the chat room who thereafter opens this file becomes infected with malware. It’s easy to understand how the attacks may be used to infect a huge number of people at once. Microsoft Teams is a messaging, task, and, of course, critical office file sharing platform that is used by large organizations. Hackers then smuggle a harmful…
Read MoreDonald Trump’s social media app is set to be launched via Apple app store
Trump said in October 2021 that he would start Truth Social, a social media site that would “fight up to the tyranny of Big Tech.” Trump Media & Technology Group, which was founded lately, owns the app. A verified account for the network’s chief product officer, Billy B., responded to queries about the app from users asked to use it during its test period in a series of postings late Friday. One user asked as to when the app, which had been accessible for beta testers this week, will be…
Read MoreGoogle says it will offer Android users some more privacy by limiting data collection
Google has announced that, similar to Apple last year, it plans to give Android users more privacy by restricting tracking across apps on Android devices. Apple has added a new privacy feature to iOS that allows users to opt out of cross-site and cross-app tracking and targeting. In the next two years, Google promises to deliver something similar. In a blog post, the software giant announced “Privacy Sandbox,” a multi-year project that will make it more difficult for advertisers to track Android users across multiple mobile apps. It will essentially…
Read MoreDealShare raises $45 million in series E funding at $1.7 billion valuation
DealShare, a newly-minted unicorn, has raised $45 million from the Abu Dhabi Investment Authority (ADIA) in a series E funding round, valuing the company at $1.7 billion. With this, the company has now raised $393 million in total funding. The funds will be used to expand the social e-commerce company, hire new employees, and develop new products. DealShare had previously raised $165 million from Dragoneer Investments Group, Kora Capital, Unilever Ventures, and existing investors, Tiger Global and Alpha Wave Global, in the first close of its Series E fundraise in…
Read MoreBYJU’S to launch 500 physical tuition centres as edtech firm ramps up blended learning
BYJU’S has decided to open 500 physical tuition centres in 200 cities by 2022, highlighting the blended learning ambitions of the world’s most valuable online tutoring startup. The BYJU’S Tuition Centre, which is aimed at students in grades four through ten, was announced on Tuesday. It combines offline and online learning experiences. “BYJU’S Tuition Centres address the needs of a large segment of parents and students who want a physical element in addition to online teaching support,” said Mrinal Mohit, chief operating officer at BYJU’S. “With positive feedback from the…
Read MoreEdtech firm Lead announces $3 million Esop liquidation programme for its staff
Edtech unicorn Lead School announced a $3 million Esop ( employee stock options plan) liquidation programme for its employees which comes on the back of it recent funding round which catapulted it into the unicorn club of companies valued at $1 billion or more. Esops have been distributed to 20% of the Mumbai-based firm’s employees. It has previously given performance Esops to reward employees for their efforts. Sumeet Mehta, cofounder & CEO, Lead, said in a statement, “ I’m delighted that we are in a position to offer significant wealth…
Read MoreIndiaFirst tech startup conclave and awards 2022 : The Big day
IndiaFirst tech startup conclave and awards 2022, Delhi chapter starts today at hotel Le Meridien. The All india council for robotics and automation kicked off its prestigious IndiaFirst techstartup conclave and awards 2022, delhi chapter today at hotel Le Meridien . The two day event will see India’s top startups, entrepreneurs, investors, incubators, innovators, policy makers and also government representatives. The event is expected to feature several exhibitors, interactive sessions on tech startup topics, as well as an award ceremony honouring and recognising innovative startup ecosystem enablers in various categories….
Read MoreInsurtech startup HealthySure raises $1.2M in pre-Series A round led by IPV
HealthySure, a Mumbai-based insurtech startup, announced today that it has raised $1.2 million in a pre-Series A funding round led by Gurugram-based angel investment firm Inflection Point Ventures. We Founder Circle, Dexter Angels, Campus Fund, HEM Angels, and other private investors also participated in the round. HealthySure is an employee welfare platform that targets SMEs to make insurance and healthcare affordable and accessible to the Indian workforce and their families. It was founded in April 2021 by IIM-B alumnus Anuj Parekh and ISB alumnus Sanil Basutkar. With curate health and…
Read MoreSaas firm Bitespeed raises $1.9M in a Seed round led by Sequoia India’s Surge
Gurgaon-based Bitespeed, a SaaS company that provides e-commerce brands with chat-based commerce services, announced today that it has raised $1.9 million (roughly Rs 14.3 crore) in a Seed round led by Sequoia India Surge. A Seed financing round was also attended by First Cheque, Whiteboard Capital, and angel investors, including CRED founder Kunal Shah and Teachable founder Ankur Nagpal. Prior to this round, the Gurgaon-based firm had raised $275,000 from Whiteboard Capital in December 2020. BiteSpeed, founded in June 2019 by Vinayak Aggarwal, enables customer retargeting and retention via WhatsApp…
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