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Industrial IoT startup Flutura gets $7.5 mn from Vertex Ventures, others

Industrial IoT startup Flutura gets $7.5 mn from Vertex Ventures, others

Bengaluru-based industrial internet of things (IIoT) startup Flutura Decision Sciences and Analytics, run by Flutura Business Solutions Pvt. Ltd, has raised $7.5 million (around Rs 50.2 crore) in funding led by Vertex Ventures. Lumis Partners as well as existing investor and Big Data startup fund Th...

13 February, 2017 | More »

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WhatsApp launches two-step verification for added security

Facebook-owned messaging app WhatsApp has introduced an optional two-step verification feature for added security for users with Android, iOS and Windows devices. WhatsApp users who have two-step verification enabled would be asked to present a six-digit passcode in order to verify their numbers, th...

11 February, 2017 | More »

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Snapdeal to lay off 30% of its workforce

E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, plans to lay off almost 1,000 employees, which comprises 30% of its workforce, as it looks to reduce mounting losses, a financial daily reported on Saturday citing four people aware of the development. About 5,000 contract and 3,000 on-...

11 February, 2017 | More »

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Auto services startup GoBumpr raises $300K led by Chennai Angels

Northerly Automotive Solutions Pvt Ltd, which runs and operates automobile services platform GoBumpr, has raised $300,000 (Rs 2 crore) in a round led by The Chennai Angels. Mahalingam K, who owns Chennai-based used car business TSM Group, led the round on behalf of the angel network. Girish Mathrubo...

10 February, 2017 | More »

VIDEOS-VARUN

How e-pharmacy 1mg plans to grow this year

Online drug marketplace 1mg acquired two companies over the past six months to widen its product offerings and expand into new markets. In an interview with Techcircle, co-founder Prashant Tandon speaks about the company’s plans in the new year, how it is working on an advertising revenue model an...

10 February, 2017 | More »

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Hitachi Payment confirms 2016 malware attack originated from its systems

Hitachi Payment Services Pvt Ltd on Friday confirmed that malware from its system caused the biggest breach of financial data last year, which compromised 32 lakh debit cards. Hitachi was able to determine the cause of the breach after an audit conducted by payment security specialist firm SISA Info...

10 February, 2017 | More »

L to R: Infosys co-founders Kris Gopalakrishnan and SD Shibulal

Infosys founders-led Axilor Ventures doubles intake for accelerator programme

Infosys co-founders Kris Gopalakrishnan and SD Shibulal-led Axilor Ventures on Thursday announced that it would double the intake for its 100-day accelerator programme, for which it is currently accepting applications. The programme, which is open to early-stage startups focussed on artificial intel...

9 February, 2017 | More »

Cartrade

CarTrade raises $55 mn from Singapore’s Temasek, others

Automobile classifieds portal CarTrade.com has raised Rs 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office, a company statement said on Wednesday. CarTrade, however, didn’t disclose the name of...

8 February, 2017 | More »

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Transportation software startup Mind Your Fleet raises bridge round

Noida-based Kromozones Software Pvt Ltd, which runs and operates fleet management solutions provider Mind Your Fleet, has raised an undisclosed amount in a bridge round of funding from a group of angel investors. The round was led by Japan Vyas, co-founder and managing partner of Sixth Sense Venture...

8 February, 2017 | More »

Team Zenatix

Energy management startup Zenatix raises $1.18 mn

Gurgaon-based Zenatix Solutions Pvt Ltd, an Internet of Things (IoT)-based energy management startup, has raised Rs 8 crore ($1.18 million) led by pi Ventures with participation from existing investor Blume Ventures. The current round of capital will be used primarily for hiring and also for interna...

8 February, 2017 | More »