Early investors in SpringRole include AlphaBlock Investments, DNA (Brock Pierce and Scott Walker’s blockchain investment and consulting firm), Isaac Lee’s BlockWater and Wavemaker Genesis.
Shared workspace provider Smartworks has announced its new facility in Bangalore that encompasses a footprint of 3 lakh square feet and 6000 seats taking the company’s total office space to 10 lakh square feet in India.
Capital Float said that it has raised debt of €6 million (Rs 48 crores) from the Netherlands-based asset management company, Triodos Investment Management (Triodos IM).
Southeast Asia and India continue to capture heightened attention from investors in 2018 outside of China, with private equity (PE) and venture capital (VC) investors capturing 170 tech transactions worth $2.6 billion in Q1 2018.
Bangalore based fintech start-up Capital Float has raised $22 million (Rs 144 crores) in equity funding from Amazon.
Foodpanda announced its partnership with PhonePe to enable digital payments for all its users. As an introductory offer, users paying through PhonePe can avail a cashback of 50% up to Rs 100 on their first order.
ScaleUp is part of the recently announced Microsoft for Startups initiative, a new program that aims to provide access to technology, go-to-market and community benefits that helps startups grow their customer and revenue base.
The Reserve Bank of India licensed three entities to provide a more efficient venue to do this: RXIL, A.TReDS, and M1xhange. These exchanges provide competitive marketplaces for small businesses with the help of blockchain.
Cloud based Industrial Internet of Things (IIoT) Platform firm Elevát said that it has raised $2.5 million of capital in a recently completed funding round.
IT Industry lobby body NASSCOM said that six of its incubated start-ups have been selected for the 2018 batch of Israel’s MassChallenge accelerator.