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Edtech streaming platform MasterClass recently announced that it has raised $100million in Series E funding round. The fundraiser was led by Fidelity Management & Research Company with participation from new investors including Owl Ventures, 01 Advisors. Existing investors NEA, IVP, Atomico, and NextEquity also participated in the funding round. Founded in 2015, the streaming platform…
Indian social networking app Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues. The development was first reported by The Economic Times. According to an internal mail sent to employees by company Chief Executive Officer Ankush Sachdeva, the advertisement market remains unpredictable this…
Aya Healthcare, the company transforming travel nurse staffing and healthcare workforce solutions across the United States, announced that it was named by both Fortune and Inc. as one of the Best Workplaces in Health Care & Biopharma. The company appeared in Inc. magazine’s Best Workplaces for 2020 for the second year in a row. Fortune’s…
Jack Dorsey-founded mobile payments company, Square Inc. has recently announced its permanent work-from-home policy for most of the employees. The recent announcement comes just a week after Twitter CEO and Co-founder Jack Dorsey did the same for Twitter employees. According to a Verge report, Square employees will now be able to work from home even…
CreditMantri, a Chennai-based data-driven platform that provides credit and financial reports to users based on their credit history, is set to raise a little over Rs six crore from a clutch of existing investors, according to a VCCircle report. According to regulatory filings, the company has issued and offered 1.11 lakh Series B4 compulsorily convertible…
Indian unicorns are now struggling to keep their businesses afloat. Layoffs and salary cuts have now become a daily news from these new-age startups. Joining the likes of Swiggy, Zomato, and Uber, ride-hailing Indian unicorn Ola has decided to lay off staff. In a company blog post written by the CEO Bhavish Aggarwal, it was…
Infosys, a global leader in next-generation digital services and consulting, announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. This is part of the state’s effort to safely reopen businesses while…
Tring, a Mumbai-based celebrity engagement platform, announced it has raised funds from top entrepreneurs and startup investors including Kalyan Krishnamurthy of Flipkart, Sujeet Kumar of Udaan, Gaurav Munjal of Unacademy, Keshav Sanghi of VentureWorks India, Roman Saini of Unacademy, Hemesh Singh of Unacademy, and Sumit Jain of Opentalk amongst others. Earlier, the startup had raised…
Tapcart, a US-based mobile commerce SaaS platform that integrates directly with Shopify, enabling brands to quickly and easily build native mobile apps for their eCommerce stores, announced that it has secured an additional $10 million in Series A funding led by SignalFire with the participation of previous investors, Greycroft and Amplify. Till now, Tapcart has…
Surge-backed fintech startup Khatabook recently raised $60million in Series B funding round. The funding round was led by Facebook co-founder Eduardo Saverin’s B Capital. Khatabook helps small businesses record financial transactions digitally and accept payments. The funding round saw participation from a clutch of new and existing investors including Sequoia India, Partners of DST Global,…
Cyient, a Hyderabad-based global engineering and technology solutions company, announced that it has signed a Statement of Intent with the Emergent Alliance, to use their combined data knowledge to provide new insights and practical applications to the global COVID-19 response. As part of the alliance, Cyient is working alongside some of the world’s largest organizations,…
Blue Sky Analytics, a Gurugram-based geospatial data intelligence startup focused on environmental monitoring & climate risk assessment, announced it has received $360,000 from a couple of philanthropic organisations, according to a VCCircle report. The company has received much of this capital from the Patrick McGovern Foundation and Schmidt Futures, which are associated with International Data…
The Ministry of Defence announced that it has entered into MoU with eGov Foundation to drive e-governance and improved citizen services across all 62 cantonment boards in the country. A Memorandum of Understanding was signed between DGDE and eGov Foundation on 08, May 2020 to implement a cloud-based platform to deliver various citizen services under…
Cyberbit, an Israel-based startup that provides a unified, product suite for threat detection, incident response, and simulated training, across IT, OT, and IoT, announced that it has received an investment of $70 million from Charlesbank Technology Opportunities Fund, a fund managed by Charlesbank Capital Partners. The deal is a combination of a primary investment and…
Vakilsearch, a Chennai-based online professional services platform for lawyers, corporate bodies, and professionals in India, announced it has raised an undisclosed sum from technology growth investor and the Co-founder of B2B ecommerce platform Udaan, Sujeet Kumar, according to a media report. Vakilsearch CEO Hrishikesh Datar said, “At Vakilsearch, we have always focussed on providing businesses…