Clear, formerly ClearTax, a provider of online taxes and finance software, announced on Wednesday that it has acquired supply chain financing technology business Xpedize. This is Clear’s second acquisition, following the purchase of Ybanq, a B2B payments platform, in July. By the conclusion of FY’23, Clear hopes to double down on the collateral lending potential and reach $1 billion in total loan disbursement value. Clear will provide Xpedize investors such as HDFC Capital and YourNest Venture Capital an exit as part of the agreement. According to the corporation, it would…
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Content creators platform Cosmofeed raises $1.5M in a Seed round
New Delhi-based Cosmofeed, a content creation platform, has received $1.5 million in seed funding from growx ventures, Waveform Ventures, and 9Unicorns. Silk Bridge Partners (SBP), a Singapore-based investment holding firm, and angel investors Swati Mohan (CBO – Heads Up For Tails, former CMO – Netflix India), Rannvijay Singha (actor, influencer), and Subhadip Nandy participated in the round (trader, financial educator). Cosmofeed, founded by Vivek Yadav and Vishnu Pathak in September 2021, allows content creators to monetize their work and profit on a regular basis. Creators may easily create premium groups,…
Read MoreGAISA 2022 to focus on the power of AI in different sectors
The third edition of the Global Artificial Intelligence summit and awards to raise the curtains on the 14th and 15th of September 2022 with a comprehensive focus on the strategic and tactical benefits of artificial intelligence in various sectors such as healthcare, education, agriculture, smart cities, and transportation. Organized by the All India Council for robotics and automation(AICRA), the GAISA summit is an annual event dedicated to addressing the innovations that happened in the field of artificial intelligence. This season, the summit will bring together international and regional decision-makers, experts,…
Read MoreAI will reveal hidden secrets of ancient civilisations
The Sumerian language spawned the earliest form of writing around 5000 years ago in Mesopotamia (modern-day Iraq). However, time has taken its toll on these early writings, inscriptions, and instructions. Historians have long been concerned about the disappearance of manuscripts that could provide insight into ancient civilisation’s life and culture; Artificial Intelligence has now come to their rescue. The first deep neural network, named after Ithaca, a Greek island in Homer’s Odyssey, will aid in not only reconstructing the lost text of damaged inscriptions, but also identifying their original location…
Read MoreConsenSys raises $450 million Series D funding at $7 billion valuation
ConsenSys, a decentralised protocols and ethereum software firm based in the United States, has raised $450 million in funding, bringing its total worth to $7 billion. Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures joined the round as new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures, who had previously invested in ConsenSys’ Series C round in November last year. Third Point, Marshall Wace, True Capital Management, and UTA VC, United Talent Agency’s venture fund, were among the…
Read MoreSkye Air Mobility, Redcliffe Labs to begin drone deliveries in April
Skye Air Mobility, an Indian drone delivery and logistics firm, plans to launch its first commercial drone delivery project at scale in April, in collaboration with Redcliffe Labs, an Indian diagnostics service provider. While the two businesses are working on a commercial pilot project, Ankit Kumar, CEO of Skye Air, claimed the future initiative will be the first commercial drone delivery project beyond the testing phase. Kumar also claimed that the partnership with Redcliffe Labs is the first at this scale in India. “We will begin with select districts, and…
Read MoreWhatsApp’s new update will make it easier for users to deal with long voice notes
Have you ever received a three-minute audio message from a friend and felt compelled to check your other texts because it was so boring? WhatsApp, on the other hand, will now make things easier for you, particularly when it comes to voice notes. Some Android beta users can now use the global voice player, which has shown in previous beta updates and was even tested on the WhatsApp desktop. The feature was previously given out to iOS beta testers, so they’ve already had a chance to try it out. The…
Read MoreShark Tank featured Growfitter raises $1M in a pre-Series A round led by IPV
Growfitter, a Mumbai-based incentivized health and wellness platform that was recently featured on Shark Tank India, said today that it has raised $1 million in a pre-Series A funding round headed by Gurugram-based angel investment firm Inflection Point Ventures (IPV). First Port Capital, Mumbai Angels, Startup Angel Network, DevX Accelerator Fund, Blockchain Founders Fund (Singapore), and JPIN also participated in the financing. Mohit Burman (Vice Chairman, Dabur India) and Aman Gupta, Co-founder and CMO of boAt, were among the angel investors who participated in the round. Sanmati Pande and Harshit…
Read MoreRazorpay acquires payments tech startup IZealiant Technologies
Razorpay, a fintech unicorn, announced the acquisition of digital payments firm IZealiant Technologies for an undisclosed sum on Tuesday. Razorpay will absorb the whole crew of IZealiant Technologies as part of the deal. Razorpay has made five acquisitions since its beginning in 2014. Last month, the company made its worldwide debut by acquiring Malaysian financial provider Curlec. IZealiant is a Pune-based startup that offers banks and financial institutions mobile-first, API-enabled, cloud-ready payment processing tools. According to a release, the acquisition of IZealiant will boost Razorpay’s banking solutions arm, allowing it…
Read MoreUpScalio raises $15 Mn in pre-Series B
UpScalio, an e-commerce roll-up firm, has secured $15 million in a pre-Series B investment headed by Gulf Islamic Investments in the United Arab Emirates (GII). Northern Arc and Unity Bank were among the lenders who took part in the round. After financing companies like 1-India Family Mart and Bombay Shaving Company, this is GII’s sixth investment in India. In 2021, GII announced that it would invest $500 million in the Indian market spanning consumer brands, consumer technology, and healthcare. This round of funding follows UpScalio’s $42.5 million Series A round…
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