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Samsung India announced that it has partnered with leading social media and technology firm Facebook, to train offline retailers go digital. The company said that the initiative will enable thousands of the company’s offline partners become part of online ecosystem and reach out to a larger base of consumers, in a world swiftly moving digital.…
Ecommerce giant Amazon recently announced that it is launching its food delivery services in India starting with Bengaluru. The recent development from Amazon comes just days after top local players Swiggy and Zomato reduce their workforce to tide over the coronavirus pandemic crisis. According to an Economic Times report, the firm had been planning to…
Bharti Airtel announced that it has acquired a strategic stake in Voicezen, an early stage startup focused on conversational AI technologies. The acquisition has been made by the company under its fast expanding Airtel Startup Accelerator Program. Gurugram-based Voicezen has been working on developing advanced solutions that leverage machine learning, AI, speech to text and…
Online food delivery companies like Zomato and Swiggy have started home delivering alcohol in Jharkhand’s capital city, Ranchi. As of now, the service is only limited to one city, however, both the companies have said that the service will soon be available in other cities of the state. The companies are also in talks with…
ADQ, a public joint stock company headquartered in Abu Dhabi has announced a new $300 million venture capital fund, Alpha Wave Incubation or AWI Fund. The AWI Fund will be investing in early-stage startups across South-East Asia and India, and help them set up base in Abu Dhabi’s Masdar City. According to media reports, AWI…
German investment banking company, Deutsche Bank’s Chairman Paul Achleitner has recently said that he intends to step down when his term ends in 2022. As per a Reuters report, his decision signals a new era at the German bank as it struggles to become profitable. Deutsche Bank is Germany’s largest lender. The announcement was made…
Global charitable foundation Oxfam is planning to lay off about 1,4500 employees and close down operations in 18 countries. The organization had been facing losses for a long time since the Haiti sex abuse scandal in 2018, and the losses piled up after the coronavirus pandemic, as reported by the Guardian. In an official press…
Amit Burman, Chairman of Dabur India, said that he has made an investment in emotional and mental wellness platform No Worry No Tension Healthcare (NWNT) as a part of pre-series A funding, according to an ET report. Confirming the development, Burman, said, “This can potentially cause disruption in a society that’s craving for uplift. Stress…
leap.club, a Gurugram-based community-led professional network for women, announced that it has raised $340,000 in its Pre-Seed round of funding. The funding round saw participation from Whiteboard Capital (Sandeep Tandon’s VC fund), FirstCheque, Artha India Ventures, Sweta Rau (Founder, White Ventures), Amrish Rau (CEO Pinelabs, Founder Citrus Pay), Deepak Abbot (Former SVP, Paytm), and Harpreet…
Riskcovry, a Mumbai-based Insurtech startup that helps its customers with SaaS & API-first platform, announced that it has raised an undisclosed amount in its pre-Series A round from Bharat Inclusion Seed Fund, Varanium Capital, and Better Capital. Saras Agarwal, Principal at Bharat Inclusion Seed Fund, said, “Riskcovry brings a fresh approach to digital distribution for…
The Cabinet has approved the “Pradhan Mantri Matsya Sampada Yojana – A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with investment of Rs. 20050 crores in fisheries sector. The funds to be utilised over a period of five years. The Pradhan Mantri Matsya Sampada Yojana (PMMSY)…
Amwell, a leading telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care, announced that it has closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in…
Genpact, a global professional services firm focused on delivering digital transformation, announced that Brian Stevens, Executive Chairman of Neural Magic, has joined its Board of Directors. The appointment is effective immediately. In addition, James Madden has become Chairman of the Board, replacing Robert Scott, who has retired. “I would like to thank Bob Scott for…
Xtracap Fintech, a Gurugram-based startup which is designed to accelerate local GDP by moving small businesses in small towns from unorganized to organized environment, announced that it has raised $1 million in angel round of funding. The company plans to access 500,000 small businesses in a serviceable market of 8 million retailers in small cities…
The airline industry in India has been severely affected with many companies even eyeing for bankruptcy due the government imposed travel restrictions. Airline companies for the past 50 days have resorted to tough measures like layoffs and pay cuts to tide over the crisis. They have been, for long, asking the government to resume flight…