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Fintech startup Perfios raises $70 Mn

Perfios, a fintech startup, has raised around $70 million in a Series C round led by Warburg Pincus and Bessemer India. In November 2019, the Bengaluru-based startup raised $50 million in a Series B round led by Warburg Pincus and Bessemer Venture. According to Perfios’ regulatory filings, the company has passed a special resolution to allot 416,336 Series C preference shares at an issue price of Rs 12,610 per share to raise Rs 525 crore ($70 million). In this round, Warburg has put in Rs 412.5 crore, while Bessemer has…

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Vedanta team visits Pune to check feasibility for setting up semiconductor plant

A team from Indian conglomerate Vedanta visited Pune on Friday to assess the feasibility of establishing an electronic chip plant in the district, according to a government official. Under the government’s incentive scheme, Vedanta Group companies have applied to set up semiconductor and display manufacturing units in the country. By 2024, it expects to have display units for mobile phones and electronics devices on the market, as well as electronic chips made in India by 2025. Several automobile companies have manufacturing plants in Pune. Vedanta intends to start with 28…

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We should go for indigenous manufacturing in defence sector : PM Modi

Cyber security is no longer limited to just the digital world as it has now become a matter of national security, Prime Minister Narendra Modi said on Friday. He also noted that the process of importing defence items is so long that by the time they reach our security forces, many of them have become outdated and therefore, the solution is to go for indigenous manufacturing. “Even during the period of slavery and immediately after Independence, the strength of our defence manufacturing was very high. Weapons made in India played…

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Google Workspace users to migrate from Hangouts to Chat in March

Google has been working on moving users from Hangouts to Chat for a long time, and they now have a timeline. The time to permanently switch to Chat is rapidly approaching, and Google’s most recent update has set a deadline for when users will be moved. Google is ready to move Hangouts into the final phase, according to a blog post on Workspace, and this follows the opt-out migration option it rolled out last year. If they haven’t already done so, all users will have “Chat preferred” enabled in their…

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Infosys launches Metaverse Foundry, to ease enterprises with metaverse adoption

Infosys has announced the launch of its Metaverse Foundry to help enterprises explore the metaverse, including virtual and augmented environments, for their customers, workplaces, products, and operations. The Foundry, according to the company, will bring together domain and design expertise, platforms and digital accelerators, as well as strong relationships in a rich creator-partner economy. This confluence of capabilities will be available as on-demand services, allowing businesses to scale up and down their explorations as needed. This will enable them to create their own metaverse environment on-demand, deliver signature experiences in…

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National Strategy on Additive Manufacturing announced

The “National Strategy on Additive Manufacturing” was announced by Ashwini Vaishnaw, Union Minister of Electronics & Information Technology (MeitY), Communications & Railways, and Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology, Skill Development and Entrepreneurship, to cater to next-generation digital manufacturing and to mitigate immediate disabilities of local industries. “The Genesis of the National Strategy in India revealed by the government is to keep pace with rapid global manufacturing prowess. For this, India needs to adopt an integrated approach to additive manufacturing in all segments including defence and…

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Chargebee acquires Numbers and launches Chargebee Receivables

Chargebee, a subscription management platform, announced on Thursday the acquisition of Numbers, a collections management platform, and the launch of Chargebee Receivables. The acquisition follows the recent additions of Brightback and RevLock to Chargebee, as well as a new round of funding led by Sequoia and Tiger Global, indicating rapid product and talent growth for Chargebee, a rapidly growing global startup. Subscription businesses will now be able to automate their entire receivables process from purchase to payment, as well as manage subscription products and invoices, according to the company, resulting…

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Cyber security startup Com Olho raises Rs 1.8 crore in a Seed round

Inflection Point Ventures led a Rs 1.8 million seed fundraising round for Com Olho, a Gurugram-based cyber security and IP-driven analytics startup. IPV is a Gurugram-based angel investment organisation that has made 111 investments worth Rs 358 crore. The funds will be used to hire talent, improve the tech stack, and aggressive market penetration in India and other emerging economies. Com Olho, founded in 2019 by Abhinav Bangia, assists CXOs in understanding behavioural anomalies in their customer data and qualitatively auditing their digital media spends and digital brand presence in…

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Meet the winner : Best Start-up Initiative in Robotics Sector award at IFTSCA 2022

Orangewood Research and Advancement Private Limited, a start-up that has always endeavored to democratize robotics to build Industry 4.0 are creating waves by bagging the Best Start-up Initiative in Robotics Sector award at India First tech startup conclave & awards 2022, Delhi chapter. The company has received huge appreciation for its innovative approach in solving the two biggest challenges in the robot manufacturing industry, complexity and cost. The company has the vision to make robots accessible to businesses of all sizes. The startup says, “We are building collaborative robots, or…

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Government schemes to build thriving startup ecosystem

India is making progress toward its goal of creating a thriving startup ecosystem. To encourage and support startup owners, the government has launched various schemes over the past few years. Startup India initiative intends to build a strong ecosystem that is conducive for the growth of startups. It aims to empower startups to achieve growth through innovation and technology. To promote growth and help the Indian economy, many benefits are being given to entrepreneurs establishing startups. SAMRIDH Scheme Ashwini Vaishnaw,  Minister of Electronics Information and Technology (MeitY) launched the SAMRIDH…

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