Our region is falling more and more behind when it comes to developing new technology. Some astounding advancements in artificial intelligence and robotics are being made in the United States and Japan. Google (or Alphabet), Palantir, and even Facebook are breaking ground in transportation, health care, and other sectors, meaning that some major disruption is on the way. Technology is advancing faster than ever, and we’re being relegated to mere importers that may or may not be lucky enough to afford what we’re allowed to buy.
This week 23 startups raised more than $60 Mn in funding altogether. (The funding amount is based on the startups that disclosed their funding amounts).
There might not be a more appropriate way to spend a weekend in Miami Beach than with a cocktail in your hand. Those of the rum persuasion, particularly in the form of a Mojito, pair well with a Cuban sandwich, a beach chair or even the tropical backdrop at The Broken Shaker. It’s very clichéd, I know. But, can you think of another way to celebrate a weekend in South Florida? I can’t.
Mobile advertising startup SilverPush has raised $1.25 million in pre-series round A of funding led by Japanese firm M&S Partners, reports NextBigWhat. IDG and 500startups also participated in this funding. This has raised SilverPush’s total investment to $2.5 million. The funds shall be used to launch its new advertising performance measuring product called Prism.
India Funding Roundup: Zapak, Portea Medical, LogiNext, Juggernaut, InnerChef, SilverPush, Capabiliti
Noida-based startup Qustn Technologies has secured Rs. 2.6 crore in a funding round led by 500 Startups, Smile Group and angel investors like Snapdeal Co-founders Kunal Bahl and Rohit Bansal and Freshdesk, founder Girish Matrubootham. Qustnm Technologies provides a mobile first platform to train and onboard remote users with Capabiliti, a SaaS training and recruitment platform. Its pricing model ranges from $200 to $800, and offers a branded app to enterprises as a custom solution.
WITH a superb mix of traditional company CEOs (chief executive officers), tech CEOs, startup founders and a leading Silicon Valley venture capitalist, it is not like Digital News Asia’s inaugural conference, What’s Next on Sept 29, needed more excitement.
Last week, Bangalore-based image recognition and visual listening platform, gazeMetrix, was acquired by Toronto-based social intelligence company Sysomos. Co-founded by Deobrat Singh, Saurabh Paruthi andDebayan Banerjee in 2012, gazeMetrix, is a platform which enables brands to know when and where their brand was photographed across social media. The idea to launch gazeMetrix was triggered while watching an IPL match, and at that time, the team had no idea that it would develop into such an exciting product which will get finally get acquired by Sysomos.
Just one year ago, Indian e-coupon aggregator LafaLafa.com was barely a blip in the mind of, well, anyone. It’s been quite the year though – testament to the booming tech environment in India, they’re one of the privileged few to be on their way to be accelerated by one of Silicon Valley’s hottest startup incubators.
India Dealbook: Siyaram buys rights of Italy’s Cadini; 500 Startups, Snapdeal founders fund Capabiliti; Snapdeal may invest in PepperTap
Siyaram Silk Mills has bought ownership rights to manufacture and market Italian lifestyle brand Cadini in India, Sri Lanka and few other countries in West Asia. In the funding space, recruitment startup Capabiliti has raised $400,000 led by 500 Startups, Smile Multimedia and angel investors like Snapdeal Co-founders Kunal Bahl and Rohit Bansal, while on-demand grocery app PepperTap is close to finalising a new round from Delhi-based online retailer Snapdeal.
Software as a service ( SaaS) based training and recruitment platform Capabiliti which is owned by Noida based startup Qustn Technologies, has raised $400,000 from US based early stage VC fund 500 Startups and angel investors.