Amazon leads funding round for India digital insurance startup

Global e-commerce behemoth Amazon has led a US$12 million funding round for Acko, a digital insurance startup in India. Amazon led the financing in the round that included Ashish Dhawan, founder of private-equity firm ChrysCapital, and Catamaran Ventures, an existing Acko investor, according to TechCrunch. Catamaran Ventures is the personal investment arm of NR Narayana Murthy, who co-founded the Indian…

Amazon Leads $12 Million Funding Round in Acko

Ecommerce major Amazon led a funding round worth $12 million in Indian insurance startup, Acko. The move is part of Amazon’s strategy to invest in financial service segments in India. The other players in the funding round include Ashish Dhawan, the founder of private equity fund, ChrysCapital and NR Narayana Murthy’s Catamaran Ventures. Amazon had held a discussion with representatives…

Realtors rush for last-mile funding to meet Deadlines

The real-estate sector is seeing a spike in demand for last-mile funding as the 2016 Real Estate (Regulation & Development) Act ratified in 2017 and a shift in home buyers’ preference to late stage and ready-to-move-in structures pressure projects under construction for completion. In the backdrop of changing regulatory and business environment, the pressure is mounting on developers to deliver…

Startup Street: Mobike Follows Rival Ofo To India

This week on Startup Street, Chinese bicycle sharing startup Mobike enters India; a one-year old startup looking to capitalise on India’s underserved feminine hygiene market with its environment-friendly products; co-creator of Android may be gearing up to sell his smartphone startup. Here’s what went on: China’s Mobike Enters India App-based bicycle sharing platform Mobike has forayed into India by launching…

Microsoft Buys Conversational AI Startup

Though artificial intelligence (AI) has progressed by leaps and bounds, allowing a variety of intelligent, self-governing systems, augmented reality games and virtual personal assistants to flourish, there is a still a lot more that can be achieved. Technology giant Microsoft Corp. (MSFT) has announced its purchase of Semantic Machines Inc., a startup that is developing the fundamental AI technology required to make conversational computing a…

Indian startups attract attention of new venture capital investors

Almost half-a-dozen first-time venture capital investors have made their debut since the beginning of this year, indicating growing investor interest in India’s start-ups. Some such investors include Montane Ventures, an early-stage venture capital firm that counts Ajay Piramal’s family office as its lead investor; 021 Capital, founded by Sailesh Tulshan, the personal investment adviser to the Flipkart’s Bansals; Fundamentum, a…

Verizon stealthily launched a startup offering $40-per-month unlimited data, messaging and minutes

Earlier this year, Verizon quietly launched a new startup called Visible, offering unlimited data, minutes, and messaging services for the low, low price of $40. To subscribe for the service, users simply download the Visible app (currently available only on iOS) and register. Right now, subscriptions are invitation only and would-be subscribers have to get an invitation from someone who’s already…

Lenskart earmarks USD 3 million to invest in ‘eye-tech’ startup

Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3.3 crore) in US-based ThinOptics. "We will invest about USD 2-3 million... These…

1 2 3 22