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Naples Global LLC, a hedge fund based in the United States, has partnered with LegalPay, an Indian third-party lawsuit funding startup, to create a fund to assist local entrepreneurs involved in disputes with their investors, including private equity firms. They’ve agreed to form a special purpose vehicle (SPV) to assist cash-strapped founders in resolving issues with their investors through litigation, arbitration, and other means. “Since most founders are first-generation entrepreneurs, they lack the financial muscle to assert their legal rights,” said LegalPay CEO Kundan Shahi. “The idea behind this product is…
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Ecom Express, a tech-driven logistics company, wants to convert half of its fleet to electric by 2025. The business stated in a statement that it will deploy electric bikes in Jaipur and Hyderabad to complement its push into electric vehicles. Ecom Express has been operating an electric 3-wheeler fleet in the Delhi NCR for the past two years in the first-mile delivery sector, as well as successfully completing trials for the usage of e-bikes in the last-mile, according to the company. The company claims that the use of electric cars…
The race for the world’s best web browsers is heating up, with OEMs focusing on equipping their hardware with their own software solutions. This is evident from Microsoft’s push for its now-improved Edge browser to be installed on all Windows PCs. The effort appears to be paying off, as Edge is on track to overtake Apple’s Safari browser for the number two spot on the list of the world’s most popular web browsers on desktops. StatCounter, a web analytics service, has released new data that reflects the growth. According to…
Edtech startup Udayy is in advanced talks to close an investment round from new and existing investors. A year ago, the Gurugram-based startup received a $2.5 million seed round. “Norwest Venture Partners is leading a $10 million round in Udayy while existing backers are likely to participate,” said one of the sources. The person requested anonymity adding that the deal will be completed in a few weeks. Falcon Edge’s Alpha Wave, Info Edge, Better Capital, and CRED founder Kunal Shah are among Udayy’s current investors. Udayy, a two-year-old live learning…
Gupshup, a conversational messaging platform, announced the acquisition of Knowlarity Communications for an undisclosed sum on Wednesday. Knowlarity is a cloud communications company that offers services such as cloud telephony, contact centre automation, AI-powered voice assistants, and speech analytics. The acquisition will help Gupshup establish itself as a strong player in the voice and video communications segment, as Knowlarity has over 6,000 customers in 65 countries. appinstlBnr “As business-to-consumer engagement becomes conversational, Gupshup is busy enabling more ways for businesses to deliver rich experiences. With the addition of Knowlarity’s products,…