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Thursday, 5 August 2021

Startup founders write to PM

The who’s-who of India’s startup ecosystem, including founders and investors, have urged the government to allow Indian companies to directly list overseas.

from Tech-Economic Times https://ift.tt/3lzWlu5

Database platform MongoDB expects rapid adoption in India to continue

MongoDB is seeing traction in about five or six different segments, with gaming being a rapidly growing one, along with edtech and fintech, MongoDB’s Senior Director (Asia Pacific) Suvig Sharma says.

from Tech-Economic Times https://ift.tt/3yrhOJj

Persistent Systems is on the lookout for acquisitions: CEO Sandeep Kalra

Persistent Systems had a cash balance of more than Rs 26.8 crore at the end of the June quarter, and a part of that would be deployed towards potential acquisitions, CEO Sandeep Kalra says.

from Tech-Economic Times https://ift.tt/3xqVSwL

IIFL launches dedicated fund to invest in Indian fintech startups

The IIFL fintech fund, sponsored by IIFL Finance and IIFL Securities, is already in advanced talks to invest in a few financial technology companies, including Leegality and FinBox.

from Tech-Economic Times https://ift.tt/3fSFpM3

Mindtickle becomes a unicorn after SoftBank-led funding

Existing backers including Norwest Venture Partners and Qualcomm Ventures participated in the $100 million round that has more than doubled Mindtickle’s valuation.

from Tech-Economic Times https://ift.tt/3jutgxy

Square Yards Q1 revenue jumps 50%, property deals up 80%

Square Yards recently raised Rs 185 crore from ADM Capital. This will boost the war chest to help build capacity, inject capital into new verticals and further expand globally.

from Tech-Economic Times https://ift.tt/3AdvPe7

Flipkart could face huge fine; Jupiter raises $45M

Flipkart, Binny Bansal and Sachin Bansal, as well as Tiger Global may get fined Rs 10,000 crore. Neobank Jupiter has raised $45 million from Brazil’s Nubank. Swiggy has tied up with Reliance BP Mobility for building an EV ecosystem.

from Tech-Economic Times https://ift.tt/2TUXhOj