myGate, a mobile-based security management solutions provider, announced that it has raised Rs 16 crore in its first round of funding led by Prime Venture Partners. The company aims to employ the influx of funds to invest in its technology and scale up the user base to 2 million homes across the top seven metropolitan […]
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Moving further toward environmental conservation, Pragma industries has developed and manufactured a hydrogen-powered bicycle. The startup’s ‘Alpha bike’ looks like any other bicycle but runs off a two-litre tank of hydrogen which can be refilled within a few minutes. The company produced 100 hydrogen-powered bicycles last year, which can run for around 100 km. “Many […]
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The south east Asian ride-hailing company, Grab, announced that it has acquired the Bengaluru-based startup, iKaaz. The acquisition is aimed at expanding Grab’s digital payments platform, GrabPay. The company however is yet to disclose the financial details of the acquisition deal. The news comes after Grab bought the Indonesian online payment platform startup Kudo, last […]
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In a collaborative effort, NASSCOM and MassChallenge Israel have partnered to support entrepreneurship with a scholarship agreement. 10 Indian startups will be selected for a $5000 scholarship each, funded by NASSCOM and the Deshpande Foundation. The finalists will then attend a four-month equity-free accelerator programme. The programme which is held in Jerusalem will also be […]
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An on-demand delivery startup based in Malaysia, has raised a Pre-Series A round of $1.01 million. Founded in 2016, Zoom, is a delivery focused company which provides startups and small businesses with a platform to assist them in last-mile delivery. The platform is available via web or a mobile app. “Zoom was created to help […]
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