Volopay, a Singapore-based fintech platform, announced on Tuesday that it had raised $29 million from Cameron and Tyler Winklevoss, as well as a global decacorn and others, to enter the Indian market. In Series A, the Y Combinator-backed corporate cards and payment management startup raised funding in a mix of equity and debt. “With India churning out several unicorn-level enterprises every year, it is indeed making a big wave on the global frontier. And this is only the beginning,” said Rajith Shaji and Rajesh Raikwar, Co-founders, Volopay. “Accelerating their growth…
Read MoreBlog
AICRA announced the 4th season of INDIA STEM SUMMIT AND AWARDS 2022
All India Council for Robotics and automation proudly announced the 4tg season of INDIA STEM SUMMIT AND AWARDS, a super ecosystem event designed to showcase the diverse array of STEM by providing professional learning opportunities and embrace the collaboration and investment opportunities with the overarching collective goal to improve robotics and automation in India. The two-day event to be held at Vigyan Bhawan, New Delhi on the 28th and 29th of April will engage participants around the globe to share and discuss their innovative practices, research initiatives, and educational tools…
Read MoreGoogle debuts subscription service Play Pass in India
Google, which has been at odds with the Indian startup and developer community for months, has announced the launch of Google Play Pass in India. Google Play Pass is a subscription service that provides access to many apps and games without ads, in-app purchases, or upfront payments. It is currently available in 90 countries. Play Pass will have 1,000+ titles from 59 different nations, including many from India, in 41 different categories. Play Pass, which has the ability to reach users in 90 countries, would provide Indian developers of all…
Read MoreFintech software startup Clear forays into merchants lending
Clear (previously ClearTax), an online taxation and fintech software provider, has entered the lending market with the launch of its invoice-discounting product for small and medium businesses (SMEs). This comes at a time when the company is focusing heavily on foreign expansion, having raised $75 million from Stripe, a US-based payments powerhouse, and others in October of last year. According to a release, the company now plans to process $3 billion in merchant loans by FY’24. As part of its effort to provide working capital solutions to suppliers and SMEs,…
Read MoreHarness the power of artificial intelligence to improve farming : Modi urges farmers
Prime Minister Narendra Modi has urged farmers to use scientific innovations such as artificial intelligence to improve yield, aggressively sell local natural and organic products and processed food, and promote Indian millets in the global arena. Continuing his webcast on budget provisions, Modi urged farmers and others in the agriculture sector to take advantage of rising public awareness of environmentally friendly lifestyles and the ensuing market for natural and organic products. He urged the Kisan Vikas Kendras to raise awareness about natural farming by adopting a village for natural farming…
Read MoreTop digital platforms and services operating in Russia have been directed to comply with a new law
The digital arena is where a large part of the Russia-Ukraine battle is being fought, and it may now be taking its toll on major online services and platforms. Google, Apple, Meta, Twitter, TikTok, and other companies have been given until the end of this month to comply with Russia’s new landing law. Meanwhile, outside Russia, agencies are arguing that the law is merely another attempt to tighten internet control, and tech companies are being advised to publicly reject it. The new Russian law took effect on January 1, 2022,…
Read MoreMobile Premier League acquires German games studio GameDuell
Mobile Premier League (MPL), an Indian mobile eSports and skill gaming platform, has acquired GameDuell, a Berlin-based games studio, in order to expand its European operations. The move fits in with MPL’s overall strategy of expanding its footprint in key global markets. It already has operations in Indonesia and the United States, and with this acquisition, it will have operations on three continents. Employees from GameDuell will join the MPL team, though financial details were not disclosed. “We are excited to expand our operations to Europe after having successfully ventured…
Read MoreHP’s Make in India plans focused on local procurement of subcomponents
HP’s shipments grew by 58.7% per cent YoY in CY2021. While the company continues to grow in both the commercial and consumer segment, until now, the majority of HP’s hardware was imported in the country. The American multinational intends to change this with its “Made in India, for India” plans. The company has been manufacturing commercial desktops in India for a long time but it has now commenced local manufacturing of laptops in the country. Laptops including HP’s EliteBooks, ProBooks and HP G8 series notebooks are being made at the…
Read MoreAgNext eyes expansion in Vietnam and the Middle East
AgNext Technologies, an agritech startup, plans to launch operations in the Middle East and Vietnam in the coming months, according to Subrat Panda, AgNext’s Chief Technology Officer. According to the company, the lack of quality assessment solutions causes approximately $90 billion in losses in global agricultural trade. Agnext solves this problem with a mix of AI, machine learning, the Internet of Things (IoT), and advanced data analysis in its technology products. It claims to deliver real-time accuracy of up to 99 percent through its full-stack ‘Qualix’ platform, which provides rapid…
Read MoreByju’s-owned upskilling platform Great Learning buys recruitment firm Superset
The upskilling platform Great Learning, which is owned by Byju, announced on Tuesday that it had acquired Superset, a recruitment platform backed by Blume Ventures. The transaction’s value was not disclosed by the company. Great Learning said in a statement that Superset will continue to operate under the leadership of its co-founders Naman Agrawal and Pranjal Goswami. Agrawal told VCCircle in an interview that Blume Ventures had exited the company as part of the deal. Superset was founded in 2017 by Weblength Infonet Pvt. Ltd with the goal of using…
Read More