Suviral Shukla

Digital payment platform Google Pay claims to achieve 3X user growth in 12 months

Google Pay, a digital payment system, has reportedly achieved over 3X user growth in 12 months, from 22 million monthly active users in September 2018 to 67 million in same month this year, reported Inc42. The announcement from Google comes...

Blume Ventures, Leo Capital infuse $2 million in automation testing platform LambdaTest through pre-Series A funding

LambdaTest, a browser compatibility and automation testing platform, has bagged $2 million (approx INR 14 crore) in pre-Series A funding round from Blume Ventures and Leo Capital, reported Mint. The platform LambdaTest will utilize the infused financials to consume new...

China’s Tencent steps into Indian insurance market after buying 10% stake in Policybazaar

Foraying into India's insurance sector, China's Tencent has been able to acquire 10 per cent stake in Policybazaar, an online insurance provider, reported Mint, citing various sources. According to sources, the deal has been set at $150 million after which...

Furniture rental startup Furlenco posts surge in revenue by 58% at INR 64 cr in FY19; losses at INR 40 cr

Furlenco, a furniture rental startup, has posted a surge in revenue by 58 per cent at INR 64 crore in FY19 against INR 40 crore in FY18, cited Yourstory. Whereas, the platform Furlenco reported a loss of INR 80.03 crore...

Logistics unicorn Delhivery reports 57.9% surge in revenue with INR 1,695 cr for FY19

Delhivery, a logistics unicorn startup, has reported 57.9 per cent revenue bump with INR 1,695 crore for the financial year 2019 against INR 1,073 crore in the year 2018, reported Yourstory. While, the losses for the FY19 stood at INR...

Matrix Partners, Stellaris Venture invest $2.9 million in two-wheeler rental startup Vogo

Vogo, a Bengaluru-based two wheeler vehicle (scooter) rental startup, has bagged $2.9 million (approx INR 20 crore) from Stellaris Venture Partners and Matrix Partners, reported Inc42. According to the sources, the company Vogo, has issued 11,935 Series C1 bridge compulsorily...

Weekly funding report : Indian startup ecosystem bags $241.5 million across 17 deals in second week of November

In the second week of November, the Indian startup ecosystem has managed to gather around $241.5 million (approx INR 1,720 crore ) (including the undisclosed amount of funding) investment across 17 deals, including three acquisition pacts. Once again, the IndianWire...

Logistics startup TruckSuvidha raises an undisclosed amount of seed funding from GAIL

TruckSuvidha, a logistics startup, has bagged an undisclosed amount of seed funding from GAIl (Gas Authority of India Limited), cited Inc42. The startup TruckSuvidha will be using the newly-raised financials to invest in technology backend and also invest towards entering...

Indian youth should participate in global hackathons and compete with startups, says PM Modi

Throwing some light on the significance of Indian youth and importance of the Indian startups at the global level, Prime Minister Narendra Modi, during a speech at Saudi Arabia's Future Investment Initiative (FII) even, expressed that he aims to...

Former-Disney MD Sanjay Gupta appointed as new country head of Google India

Google India has appointed Sanjay Gupta, former managing director of Disney, as it new country manager and vice president of sales and operations, reported Firstpost. Sanjay Gupta will take on the role starting next year and will be based in Mumbai....

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Bill Gates to attend Agriculture Statistics meet in Delhi (Lead)

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Will win Jharkhand due to BJP’s ‘non-performance’: Congress

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