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Delhivery acquires US based transition robotics

This deal will help Delhivery strengthen its capabilities in a wide range of applications Delhivery claims to have successfully fulfilled over one billion shipments since inception  IPO-bound Delhivery has acquired Transition Robotics Inc, a California-based company focused on developing unmanned aerial system platforms. This agreement will assist Delhivery in strengthening its capabilities in a variety of applications such as aerial photography, remote sensing, inspection, and surveys. Transition Robotics, founded in 2011 in Santa Cruz, has focused on bringing vertical-takeoff unmanned aerial systems with advanced flight capabilities to market. It has…

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Customer analytics startup MoEngage raised $30 Mn in a new funding round

MoEngage helps companies measure customer engagement and analyse metrics Its customers include Future Retail, Byju’s, Sharechat, Dominos Pizza MoEngage, a customer analytics startup, announced on December 7 that it had raised $30 million in funding led by Steadview Capital, its valuation to around $500 million in six months. Despite the fact that MoEngage’s valuation has more than doubled, the company has declined to comment on the matter. Existing investors include Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners India. MoEngage, which was founded in 2014, helps…

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Edtech major Byju’s announced the acquisition of GeoGebra

Edtech company Byju’s acquired Austria-headquartered GeoGebra. GeoGebra will continue to operate as an independent unit within the Byju’s Edtech major Byju’s announced the acquisition of Austria-based GeoGebra on Wednesday. According to people briefed on the matter, the acquisition will be a cash-and-stock transaction worth around $100 million. Byju’s made no comment on the size of the deal. “This acquisition complements Byju’s overall product strategy and integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing mathematics portfolio,” the company said in a statement….

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A new report reveals $275 Mn worth deal between Apple CEO Tim Cook and china

Apple’s Cook signed a deal worth $275 billion in 2016 with the Chinese government. The deal involved investment in tech companies, startups, projects, and more. Apple CEO Tim Cook signed a $275 billion deal with the Chinese government in 2016 as per a new report. Cook met with Chinese government officials in an attempt to ease regulatory actions that were due to be implemented at the time, and he assured the investment. The agreement aimed to boost China’s economy while also increasing the workforce’s technological skill sets. The Information (via…

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Paytm partners with AWS to provide its startup toolkit to entrepreneurs

Paytm startup toolkit offers solutions in the domain of payments, payouts, banking and distribution Paytm, India’s leading digital ecosystem for consumers and merchants, has teamed with Amazon Web Services (AWS) to provide its startup toolkit to startups onboarded on AWS Activate, a scheme that gives free tools, resources, and more to help startups get started on AWS efficiently. Paytm will provide payment, distribution, and growth options to entrepreneurs in India participating in the AWS Activate initiative. The Paytm startup toolkit is a one-stop shop for solutions in the areas of…

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Former Nazara CTO Vamsi Talasila joins RESET TECH as co-founder and CTO

He will spearhead the company’s product and technology initiative At RESET TECH, he will work alongside other co-founders Karan Talreja and Luke Coutinho and take part in the leadership and decision making of the startup. Former CTO of Nazara Technologies Ltd, Vamsi Talasila has joined health-tech firm RESET TECH (K&L Wellness Technology Pvt. Ltd) as co-founder and CTO. Talasila’s new responsibilities will include developing the company’s technology platform and expanding its global operations. He will also lead the company’s product and technology initiatives, beginning with product development and progressing to…

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Agrostar raised $70 Mn in series D funding round

The new round has come after a gap of 33 months for AgroStar. The fresh funds will be deployed towards product and business expansion & hiring. AgroStar, an omnichannel agriculture advisory and commerce marketplace, has raised $70 million in Series D funding from Evolvence, Schroders Capital, Hero Enterprise, and CDC. The round was also attended by existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures. AgroStar’s new round comes after a 33-month hiatus. In March 2019, Bertelsmann India led a $27 million Series C round in the…

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Bizongo raises $110 Mn in its series D round led by Tiger Global

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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Citi 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…

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Qualcomm 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…

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