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CoinSwitch Publishes 2nd Edition of Proof of Reserves, Showing Higher Crypto Assets and INR Balances Than Users

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CoinSwitch, India’s largest crypto-investing platform, has published the second edition of its Proof of Reserves (POR), demonstrating the transparency and verifiability of the platform’s claimed assets. The independent review and on-chain validation showcase that CoinSwitch’s overall holdings of crypto and INR balances are higher than those of its customers. The INR equivalent value of the … Read more

CitiusTech named Steve Van Kuiken, Senior Partner Emeritus of McKinsey & Company, to its Board of Directors

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CitiusTech Healthcare Technology Pvt. Ltd., a prominent healthcare technology services and solutions provider, has announced the appointment of Steve Van Kuiken to its distinguished Board of Directors, effective from July 27th, 2023. Steve Van Kuiken brings extensive expertise in healthcare technology and digital transformation to CitiusTech, having served as Senior Partner Emeritus at McKinsey & … Read more

Fulcrum Digital Joins Forces with MIT-ADT Pune to Drive Technology-driven Growth through Industry-Academia Collaboration

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Fulcrum Digital, a renowned global boutique AI organization, has officially announced the signing of a Memorandum of Understanding (MoU) with MIT-ADT University, solidifying their commitment to drive technological innovation and foster a strong industry-academia collaboration. This partnership represents a significant step towards achieving groundbreaking innovation, as both organizations join forces to pool their resources, knowledge, … Read more

Capgemini Unveils Exciting Array of New Generative AI Offerings

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As a prominent player in the Data & AI market, Capgemini is at the forefront of supporting clients in their digital transformation journey. Leveraging its deep industry expertise, industrialized delivery assets, and extensive generative AI services, Capgemini is poised to lead clients into the next era of digital innovation. Having already delivered successful generative AI … Read more

LeRemitt™ Raises $1.25 Mn in Seed Funding

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LeRemitt™, an innovative cross-border platform streamlining financial transactions, has successfully secured $1.25 million in seed funding, led by Axilor Ventures, with co-investment from Capital A. The funding round also saw participation from notable angel investors, including Ram Govindarajan (Founder of Wizfreight) and Sumit Agarwal (Founder of Vyapar). LeRemittTM is dedicated to empowering businesses, especially MSMEs … Read more

HONOR Launched HONOR Pad X9 in India Market

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HONOR, the globally renowned technology brand, has officially unveiled the much-awaited HONOR Pad X9 in the Indian market, showcasing its impressive features and cutting-edge technologies. This tablet is specifically designed to elevate the entertainment experience, boasting an expansive 11.5-inch HONOR FullView Display, a powerful six-speaker audio system with Hi-Res Audio technology, and a generous storage … Read more

iGowise Mobility’s Holistic M-PaaS Platform Empowers Emerging EV Startups to Accelerate Growth

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iGowise Mobility (iGo), a prominent deep-tech smart-mobility startup headquartered in Bengaluru, has unveiled a groundbreaking initiative aimed at revolutionizing the electric vehicle (EV) industry by offering a comprehensive and holistic solution for OEM enablement. With a steadfast commitment to smart mobility research and development over the past decade, iGo has consolidated its innovative technologies into … Read more

Motherson Sumi Wiring India Reports 11% Revenue Growth, 2% PAT Decline in Q1FY24

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Motherson Sumi Wiring India Limited (MSWIL) recently released its financial results for the first quarter of the fiscal year 2023-24, which concluded on 30th June 2023. Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., expressed his satisfaction with the company’s performance, highlighting the positive impact of additional capacities created in previous quarters on … Read more

Hexaware collaborates with Microsoft to propel innovation with generative AI

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Hexaware, a prominent global leader in IT services and digital solutions, has joined forces with Microsoft in an exciting collaboration aimed at advancing technology for businesses that are eager to embrace the future by harnessing the potential of generative artificial intelligence (AI). At the heart of this partnership lies Hexaware’s knowledge ecosystem solution, Tenjin for … Read more

Affordable Internet Services Startup Wiom Raises Rs 140 Cr in Funding

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Delhi-based Wiom, a pioneering initiative aiming to provide affordable and unlimited home internet access to the next 100 million lower and middle-income households in India, has successfully raised Rs 140 crores in its Series A funding round led by RTP Global. A group of prominent investors participated in this funding round, including YourNest, Omidyar Network … Read more

Beyobo Raises $5.5M in Pre-Series A Funding to Revolutionize Cross-Border B2B Procurement

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Beyobo, a B2B commerce enabler that provides comprehensive solutions for cross-border procurement, has raised $5.5 million in Pre-Series A funding led by Inflection Point Ventures. SAN Angels, Indian Angel Network, and Hyderabad 6Angels also participated in the round, along with several other individual angels. The funding round was initiated by CENSIE Capital Partners, who acted … Read more

Partful’s £2.4M Funding Round to Fuel Development of AI-Powered Aftermarket Platform

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Partful, a leading aftermarket technology specialist, has successfully raised £2.4M in funding to accelerate the development of its revolutionary 3D parts Software-as-a-Service (SaaS) platform. This platform is revolutionizing the approach to the global aftermarket, which is valued at $400BN. The funding round was led by Par Equity, with active participation from US-based Blumberg Capital. This … Read more

Protect AI Raises $35M in Series A Funding to Safeguard AI and ML Systems

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Protect AI, a leading artificial intelligence (AI) and machine learning (ML) security company, has successfully closed a $35M Series A funding round. The funding was led by Evolution Equity Partners, with active participation from Salesforce Ventures and existing investors, including Acrew Capital, boldstart ventures, Knollwood Capital, and Pelion Ventures. To date, Protect AI has raised … Read more

Industry Veterans Launch InsurTech Modives, Close $3M Seed Round

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Combining decades of accumulated experience in the insurance space, five industry vets today announced the formation of Modives—a new venture delivering automation to alleviate a painful and time-consuming process for property managers and auto dealers: insurance verification. “One of the pain points for both selling cars and renting properties is that verifying insurance takes too … Read more

Construction Tech Startup ProjectHero Launches AI-Powered Platform to Revolutionize Training

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ProjectHero, a membership-driven professional network for the construction industry, has taken a significant step towards accelerating the digital transformation of the construction sector with the launch of an innovative AI chatbot called Ustaad AI. This pioneering addition aims to enhance the skills and knowledge of construction workers and small to mid-sized contractors, enabling them to … Read more

GreenCell Mobility and REC Sign INR 3,000 Crore MOU for Sustainable Transportation in India

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Mumbai-based GreenCell Mobility, a prominent pan-India shared electric mobility player, has entered into a Memorandum of Understanding (MoU) with REC, a government of India Public-sector enterprise, for a substantial commitment of INR 3,000 crore to promote sustainable transportation in the country. The INR 3,000 crore MOU, inked with REC, is dedicated to financing over 3,000 … Read more

ZYBER 365 Raises $100M in Series A Funding, Becomes Unicorn

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ZYBER 365, a promising Web3 startup, has achieved a major milestone by raising $100 million in its Series A funding round, led by UK-based SRAM & MRAM Group. This significant investment has valued the startup at an impressive $1.2 billion, earning it the prestigious unicorn status, as reported by multiple media outlets. Founded in May … Read more

FarMart Launches Saudabook, India’s First Tech Solution for Food Processors

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FarMart, India’s fastest-growing intelligent food supply network, is proud to announce the launch of its tech platform, Saudabook. In a bold step towards the modernization of the country’s food sector, FarMart is opening its own ERP (FarMartOS) to all food processors and manufacturers in India. Saudabook is India’s first and only technology solution that caters specifically … Read more

Modicare Achieves 100% Plastic Waste Neutrality, Leading the Way in Sustainable Practices

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Modicare Limited, a prominent direct-selling company in India, has achieved a remarkable milestone by becoming 100% ‘Plastic Waste Neutral.’ Through its unwavering commitment to sustainable practices, Modicare has successfully collected and recycled 100% of post-consumer plastic waste and 100% of pre-consumer plastic packaging waste during the FY 22-23, fulfilling its Extended Producer Responsibility (EPR) mandate. … Read more

Simpl’s New Pay After Delivery Feature Makes Online Shopping More Convenient and Secure

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Simpl, India’s foremost Checkout Network, today announced the introduction of its innovative Checkout offering, Simpl Pay After Delivery (SPAD) to enhance trust and convenience for millions of customers across the country. With this capability, consumers can choose Simpl Pay After Delivery at the time of checkout which triggers payment only upon successful delivery of the … Read more