City-based FixNix is the only Indian company to feature in RegTech 100, a list of world's most innovative companies that every financial institution needs to know about in 2018. The 100 companies were chosen by a panel of industry experts who reviewed an analysis of 416 RegTech companies that was undertaken by data and research firm FinTech Global. "The selected…
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business. The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business, according to Department of Industrial Policy…
When India’s venture capitalists ring in the holiday season this year, their mood will be more upbeat than it has been for the past couple of years. In the nine months ended September, venture capital-backed firms, a universe that encompasses seed stage start-ups, unicorns (start-ups valued at a billion dollars or more) and everything in between, mopped up a record…
British cybersecurity firm Digital Shadows has raised $26 million (£19 million) for its platform that searches the darkest corners of the internet looking for the chatter associated with threats against specific organisations. The Series C funding round was led by venture capital firm Octopus Ventures, with participation from Passion Capital, Industry Ventures, and several others. Total investment in the six-year-old…
Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan's stock exchange before the announcement. The move, first rumored earlier this month and then re-emerged this week , is the search giant's latest attempt to juice up its growing hardware division…
Silicon Valley’s next hot startup isn’t likely to be a video chat app. Nor is it likely to be an on-demand service, like Instacart or Uber. But maybe it could be — and this isn’t a joke — a law firm. That is, at least, the ambition of Justin Kan, a serial entrepreneur who knows a thing or two about…
India's best-known yoga televangelist has tapped into the security business, seeing an opportunity in Prime Minister Narendra Modi's measures to cut VIPs treatment for politicians and high ranked government officials. Indian yoga guru Baba Ramdev, above left, who developed Patanjali into a food and consumer goods giant, has now tapped into the security business. In July, Acharya Balkrishna, an associate…
Technology platforms can have a deep impact if it touches the underserved segments of the population. Keeping this in mind, Dalberg Advisors and iSPIRT have thrown open a competition to entrepreneurs to build their innovative solutions on India Stack platform The first wave of technology entrepreneurship in the country touched the upwardly mobile section of the population. This set the…
McDonald’s has terminated the franchise agreement underpinning its 169 restaurants in northern and eastern India, after nine years of conflict that have weighed on its efforts to expand in the country. When the US burger chain entered India in 1996, it launched two joint ventures, including one with New Delhi property tycoon Vikram Bakshi, which was responsible for McDonald’s outlets…
Why does the country have so many regulators? Who evaluates their performance? Senior cabinet ministers that included finance minister Arun Jaitley faced a volley of queries from young business leaders during an interaction organised by Niti Aayog. Prime Minister Narendra Modi joined the 200 young business leaders for an informal interaction later in the evening and will attend their detailed…