China Based News Aggregation Platform Toutiao Raising $2 Billion Funding

China Based News Aggregation Platform Toutiao Raising $2 Billion Funding

China based News Aggregation Platform, Toutiao means “headlines” in Chinese backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters. The fundraising comes after the startup raised $1 billion at an $11 billion valuation […]

HDFC Bank Tied Up With Artificial Intelligence Startup Nikidotai

HDFC Bank Tied Up With Artificial Intelligence Startup Niki.ai Conversational Banking Chatbots

HDFC Bank has reportedly tied up with Artificial Intelligence Startup Niki.ai. Earlier Niki.ai was funded by Ratan Tata & Ronnie Screwvala, to bring in ‘conversational banking’ — chatbots that facilitate commerce and banking transactions without getting out of the chat window. Ratan Tata and Roni Screwvala’s Unilazer Ventures picked up stake in Niki.ai. The start-up had […]

Reliance Big Entertainment Launched Over The Top VoD Mobile Application - Chillx

Reliance Big Entertainment Launched Over The Top VoD Mobile Application Chillx

Anil Ambani’s Reliance Big Entertainment, which houses the media and entertainment business of the group, is entering into the video-on-demand space with its new over-the-top (OTT) VoD Mobile Application Chillx. Reliance Entertainment has acquired a two-third stake in FunOnGo Media & Entertainment LLP – one of the largest content aggregators and platform managers, providing a […]

IBM Acquired Indian Cloud Services Company Sanovi Technologies

IBM Acquired Indian Cloud Services Company Sanovi Technologies

US based IT services provider IBM on Thursday announced that it has acquired Bengaluru-based Cloud Services company Sanovi Technologies for an undisclosed sum. Sanovi provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centers and cloud infrastructure. The deal will enable IBM to bolster its cloud offerings. Sanovi provides hybrid cloud recovery, […]

IT Service Provider L&T Infotech Acquired Data Analytics Startup AugmentIQ Data Sciences

IT Service Provider L&T Infotech Acquired Data Analytics Startup AugmentIQ Data Sciences

Global IT service provider L&T Infotech has acquired Pune-based data analytics startup AugmentIQ Data Sciences. The details of the acquisition deal have not been disclosed yet. AugmentIQ offers IP-based, big data and analytics solutions that help enterprises derive business benefits from big data. With this acquisition, L&T Infotech will gain access to MAXIQ, the big […]

Defence Technology Startup Aadyah Received Preseries Funding Of US$2M

Defence Technology Startup Aadyah Received Preseries Funding Of US$2M

Aerospace and Defence Technology Startup, Aadyah Aerospace Pvt. Ltd., has received pre-series investment of INR 13 crore ($2 million) within seven months since its launch in April, said its chairman and managing director Shaju Stephen. Stephen had previously served as the MD and CEO of the India subsidiary of Spanish multinational company Sener Inginieriay Sistemas […]

NIIT Acquired Perceptron Learning Solutions

NIIT Acquired Perceptron Learning Solutions To Accelerate Its Digital Push In Education

Global skill and talent development firm, NIIT Ltd, announced on Tuesday that it has acquired Bengaluru based startup Perceptron Learning Solutions Private Limited to accelerate its digital push in education and bring in deep analytics capabilities to its learning platforms. The size of the deal is not disclosed by the either parties. “We have been […]

Apple Acquired Indian Machine Learning Startup - Tuplejump

Apple Acquired Indian Machine Learning Startup Tuplejump

Indian Machine Learning Startup, Tuplejump running under Tuplejump Software Pvt Ltd, has been acquired by Apple. Tuplejump’s software specializes in processing and analysing big sets of data quickly. The deal was reported earlier by TechCrunch. The Tuplejump deal is Apple’s third acquisition in the industry this year, after the iPhone maker bought Seattle-based Turi Inc. […]

Google Acquired Urban Engines

Google Acquired Urban Engines A Mapping Analytics & Visualization Startup

Google has acquired Urban Engines, a mapping analytics and visualization start-up. This acquisition will help Google Maps team “better understand how the world moves,” thus paving way to “Internet of Moving Things” dimension. Urban Engines was started by Shiva Shivakumar, Balaji Prabhakar, Deepak Merugu and Giao Nguyen in 2014 with an aim to improve urban […]