Existing investors such as B Capital and International Finance Corporation (IFC) and CDC have also participated in the fresh funding. This is the maiden round for the Mumbai-based company in 2021. Bizongo, an e-commerce packaging company, has raised $110 million [Rs 825 crore] in a Series D round of funding led by Tiger Global. Existing investors such as B Capital, the International Finance Corporation (IFC), and the Canadian Development Corporation (CDC) have also contributed to the new funding. Tiger Global led the Series D round with a $45 million [Rs…
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Whatsapp chat disappearing feature will now include a new option
WhatsApp now lets you start new conversations that entirely disappear. You can set the time to 24 hours, 7 days, or 90 days for disappearing chats. WhatsApp has announced that its much-anticipated disappearing messages feature will now include the disappearing chat functionality. WhatsApp users can now enable disappearing messages for all new chats, which means the entire chat will disappear after the specified time, which can be 24 hours, 7 days, or 90 days. “Not all messages need to stick around forever,” said Meta CEO Mark Zuckerberg in a post…
Read MoreCiti announces grant for Indian startups : All you need to know
Approximately 25 early-stage startups will be provided a grant for scaling up activities The lender has tied up with IIT-Kanpur and technology incubator T-Hub for the initiative American lender Citi announced on Monday that it will provide a grant to Indian startups to help them scale up activities with a positive societal impact in agriculture, healthcare, and financial technology. According to an official statement, the lender has partnered with IIT-Kanpur and technology incubator T-Hub to launch a’social innovation lab’ that will carry the initiative forward. The lab has invited applications…
Read MoreQualcomm to exit MapMyIndia with huge profit
Qualcomm Ventures invested $5 million in the company about 13 years ago The price band for the offer has been fixed at Rs 1,000-Rs 1,033 per equity share Qualcomm Ventures, the investment arm of chipmaker Qualcomm Inc, will exit lucratively from MapMyIndia after the Indian digital-map provider goes public this week with a Rs 1,040 crore initial public offering (IPO). According to its Red Herring Prospectus, Qualcomm Ventures invested $5 million in the company about 13 years ago, at an average share price of about Rs 52.20 per share. The price…
Read MoreSundar Pichai reveals Google’s plan for India
Sundar Pichai sees Google’s future in its oldest offering: internet search. Free and open internet has helped connect the world and create opportunities. While many other technology behemoths see the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its most traditional offering: internet search. Pichai stated at the HT Leadership Summit 2021 that Google remains committed to playing a strong enabling role in supporting the growth of the Indian market through various efforts across cloud, AI, and Android. “I feel fortunate our mission is timeless,” Pichai,…
Read MoreAICRA presents Robotic skill center: Get ready for the future
All India Council for robotics and automation is here to transform the technology education field (Especially robotics and other related technologies) by their initiative to establish robotics skill centers across various institutes in India. This project is expected to help technology students to unlock the full potential of core automation technologies. The robotic skill centers led by AICRA aims to advance the STEM knowledge of member students by offering authorized training programs and career certification. This is an opportunity for institutes to become part of India’s largest community for robotics…
Read MoreMeta releases PyTorch live for creating AI powered mobile apps
PyTorch Live was unveiled during PyTorch Developer Day. PyTorch was publicly launched by Meta back in January 2017, when the company was still known as Facebook. PyTorch Live, a library of tools designed to make it simple to create on-device mobile ML demos “in minutes,” has been announced by Meta. PyTorch Live, which was introduced at PyTorch Developer Day, allows anyone to create mobile ML demo apps using JavaScript, the world’s most popular programming language. While no on-device AI demos are currently available, Meta claims that functionality is on the…
Read MoreEdTech platform upGrad to acquire talentedge
Ronnie Screwvala-led edtech major upGrad will acquire Gurugram-based edtech platform Talentedge The acquisition will be done in the range of INR 350 Cr-INR 400 Cr. UpGrad, led by Ronnie Screwvala, will acquire Gurugram-based edtech platform Talentedge to strengthen its position in the higher education space.The deal’s value was not disclosed by the company. According to sources, the acquisition will cost between INR 350 Cr and INR 400 Cr. According to an upGrad statement, the company has reached an exclusive agreement to acquire Arrina Education Services, the holding company of Talentedge…
Read MoreThe convergence of distributed ledger,blockchain technologies and smart tokens will lead to next revolution : Says Mukesh Ambani
Reliance Industries (RIL) Chairman Mukesh Ambani has said that the next major evolution in the fintech space will be the convergence of blockchain, distributed ledger and smart tokens. He observed that people are moving from digital revolution to “digital first” revolution. With the growth of fintech and digital payments in India’s financial sector, Reliance Industries (RIL) Chairman Mukesh Ambani has stated that the next major evolution in the fintech space will be the convergence of blockchain, distributed ledger, and smart tokens. “I think that the convergence of real time, the…
Read MoreHR tech startup Sense increased its valuation to $500 Mn with a new financing round.
The San Francisco-headquartered startup has raised $50 million in its Series D financing round. Sense focuses on catering to the blue-collar workers and helps firms manage the talent’s entire lifecycle at the firm. Sense, an HR tech startup that assists some of the world’s largest staffing and recruitment agencies in finding and hiring talent on time, increased its valuation to $500 million in a new financing round. The San Francisco-based startup has raised $50 million in its Series D funding round, according to the company. SoftBank Vision Fund 2 led…
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