Twitter Inc said Tuesday it had bought news technology company Scroll, which it will use as part of an upcoming subscription offering. Twitter has been working to offer new types of content on its social media site, including audio and long-form content, after previously acquiring newsletter platform Revue. Scroll allows users to subscribe and read news articles from publishers including Insider, BuzzFeed and USA Today without ads. The company says publishers who work with Scroll earn more money than they would by selling advertising. The deal will help Twitter build…
Read MoreCategory: Start-Ups
Stockal Lands $3 million Funding from Aroa Ventures, others
Stockal, a platform that enables global investments for Indians, on Thursday said it has raised $3 million in funding from Aroa Ventures, Cadenza Capital Management, and others. The pre-series A round saw participation from Aroa Ventures (OYO founder Ritesh Agarwal’s family office), Cadenza Capital Management, Kristal.ai, Tracxn Labs, July Ventures, and Credence Family Office, a statement said. The company has raised $5 million in funding since its launch in January last year. “Stockal will use the funding to turbocharge its growth into new markets, starting from Indonesia in South East…
Read More$10 million Raised by Hvy Haul in Series A Funding
CHENNAI: California-based supply chain logistics enterprise Hwy Haul, a company launched by former Walmart executives, has raised $10 million in Series A funding to transform the way fresh produce is shipped and delivered. Eileses Capital led the round with BluePointe Ventures as the co-lead. Other investors include AgFunder, True Blue Partners and angel investors like Freshworks founder and CEO Girish Mathrubootham, Nutanix founder and CEO Dheeraj Pandey, Rajiv Batra, founder of Palo Alto Networks and Vivek Mehra, partner Emeritus at August Capital, among others. Hwy Haul’s end-to-end digital freight platform…
Read MoreZomoto set to be the biggest IPO of Indian Capital Market in 2021
The first-ever technology company IPO in India, that of Zomato, is set to be the biggest event of 2021 for the Indian capital market. IPOs of companies that belong to sunrise sectors have often met with much frenzy. This frenzy to grab a piece of the blooming Indian food technology sector, some market participants believe, could be so intense that Zomato could command valuations of a decacorn ($10 billion or more) by the time its shares start trading on the stock exchanges. “There’s a distinct possibility of the IPO being…
Read MoreRobotics startup Miko raises ₹23 crore led by Stride Ventures !!
New Delhi: Robotics start-up Miko raised ₹23 crore in a pre-series B round led by Stride Ventures. Existing investors is including Chiratae Ventures, YourNest Venture Capital and a group of angel investors, led by former Nasscom chairman Keshav Murugesh, also participated in the round. Stride aims to be a strategic partner in the company’ through its customized offerings and relationships across banks and corporates. Founded five years back, Miko was created by three IIT Bombay graduates, Sneh R Vaswani, Prashant Iyengar and Chintan Raikar. After the success of their first…
Read MoreNandan Nilekani opens credit infra to help small businesses get loans !!
A major new technological innovation is in the works connecting lenders with the marketplace, Aadhaar architect Nandan Nilekani announced on Wednesday that, as he buttressed the need for India to “democratize credit” for millions of small businesses to revive its virus-battered economy. Speaking at the Global Fintech Festival, 2020 Nilekani, co-founder & non-executive chairman of Infosys Ltd, described that the initiative as a credit protocol infrastructure called the Open Credit Enablement Network, or OCEN, built by the Indian Software Product Industry Roundtable (iSpirt), a think-tank of the software industry. Under these…
Read MoreElectric scooter manufacturing start-up Okinawa plans to expand dealership network !!
New Delhi: Electric scooter manufacturing start-up, Okinawa, on Monday announced that its decision to increase dealership network to 500 across the country from the present strength of the 350. The company also plans to focus on increasing its sub dealer network as well in order to improve sales in post-pandemic days. While Covid-19 has forced a slowdown across the industries, Okinawa had shared the strategy to accelerate its marketing activities and strengthen its dealership network. Recently, the brand also announced a hike in dealership margins from 8% – 11%, to support…
Read MoreMPowered raises $21 million as part of pre-Series A funding !!
Bengaluru: Gurugram-based asset management firm, MPowered has raised $21 million, as a part of its pre-series A round, from a group of US-based ultra-rich individuals with real estate veterans Ashok Nichani and Shelly Nichani leading the round. The funding will be used by the firm to take on new verticals of real estate such as warehousing, residential and commercial spaces. A portion of the funding amount will also be used to develop tech-solutions that it will be enable ease-of-use in day-to-day real estate transactions and management. “This fundraise will be…
Read MoreFreecharge founder Sandeep Tandon sets aside Rs 100 crore for early-stage hardware bets !!
Sandeep Tandon, is the founder of online financial services player Freecharge, has allocated Rs 100 crore from his family office to invest in early-stage companies in the hardware, manufacturing, and Internet of Things (IOT) space. The investment arm will cut average cheque taht sizes of between Rs 2 crore and Rs 6 crore, Tandon told ET in an exclusive interview. The Rs 100-crore allocation will be managed by Tandon’s venture capital arm, Whiteboard Capital, and will be supplemented by dedicated team members with prior experience in manufacturing technology. Tandon’s family office…
Read MoreAs e-learning takes hold, creators flock to startups !!
Professionals looking to set up an e-learning businesses quickly are flocking to startups like Knorish and Invanto, and earning big money in the process. Yoga trainers, wine connoisseurs, primary school teachers, digital marketers, cybersecurity experts and business management grads are all looking to the startups to build personalised websites so that they are impart skillsets through paid video content. Software as a Service startup Knorish, launched in 2018, has built e-learning businesses for 4,500 creators in the last four months, after onboarding just 500 customers till March. “These creators upload recorded videos or take live…
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