SoftBank has become the latest in a series of well-known backers investing in a New York based insurance startup, Lemonade, by investing a whopping $120 million. This was the second round of funding held by Lemonade. Other companies that have invested include Allianz, Sequoia Capital and Google Ventures. The startup had raised $60 million prior […]
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MiQasa, a Hyderabad-based startup which designs smart home technology has sold a 70 percent stake of the 25-person company to Smartron. Founded in 2014, Smartron, based in Hyderabad is an Internet of Things (IoT) company. Since its founding in April 2015, MiQasa has produced a variety of technology-based products for smart homes including smart switches, […]
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The Commerce and Industry Ministry has announced that a total of 5,350 startups have been officially recognised by the Department of Industrial Policy and Promotion (DIPP). This recognition will enable them to avail the benefits under the Startup India Initiative. According to a statement released by the Ministry, under the Fund OF Fund for Startups, […]
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Chinese bank, CICC, has recently joined major oil companies like Saudi Aramco, Royal Dutch Shell and Chevron in backing a South California based startup Maana, which is developing a machine learning technology specifically focused for the oil and gas sector. The company uses artificial intelligence to help oil and gas companies consolidate and analyse data. […]
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The Indian ride hailing firm, Ola has acquired the Indian Division of food delivering service, Foodpanda for an undisclosed equity stake. The deal states that Pranay Jivrajka, a founding partner of Ola, will be staying on as the Interim Chief Executive Officer of the Foodpanda India Unit, while the current CEO of the company’s India […]
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