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ZestMoney raised around $125 million in its lifetime which also included a significant debt component. It closed its Series C round worth $58 million in September 2021 but stringent regulation on BNPL startups coupled with a challenging funding environment led ZestMoney to go for complete shutdown.
DMI Group acquires BNPL startup ZestMoney – Entrackr Read More »
Atul Rai, cofounder and chief executive officer of Staqu Technologies, Gurugram. Ahead of Ram Mandir inauguration in Ayodhya on January 22, security arrangements are in full swing. Gurugram based Artificial Intelligence startup, Staqu Technologies, has been working with UP Police and Special Task Force (STF) on an AI powered audio video analytics software called Jarvis that will analyse video footage from 400 cameras in real time to identify suspicious activity and potential threats.
The administration is leaving no stone unturned in fostering a positive, conducive and vibrant startup ecosystem in the islands backed by enabling legal, structural and policy related interventions, he said The Andaman and Nicobar Islands have been recognised as an Aspiring Leader in the latest States Startup Ranking of the Department for Promotion of Industry and Internal Trade (DPIIT), officials said.
Venture debt fund Alteria Capital plans to raise $80 million to $100 million for the Shorter Duration Scheme of its third fund by the next quarter. This initiative aims to enhance the short-term balance sheet efficiency of startups in some focussed sectors, the company s cofounder and managing partner Vinod Murali told Mint .
Alteria eyeing $100 mn fund to ease startups working capital stress – Live Mint Read More »
Under the initiative, WinZO will be backing research in deep tech for social gaming and cybersecurity and provide resources such as infrastructure, collaborative opportunities across various fields of research, funding opportunities, and access to real world data and scenarios.
WinZO launches new initiative to facilitate export of MadeinIndia games – Money Control Read More »
The fintech space in India has a double challenge of strengthening cybersecurity operations owing to the dynamicity of this sector. There are different challenges within urban and rural areas, thus requiring specific approaches to strengthen cybersecurity.
What challenges can the fintech sector expect in the year 2024 – Express Computer Read More »
However, working remotely or even in a hybrid culture brings its own sets of challenges and among them, one is cybersecurity something that companies are willing to bet big on but are not ready for the challenges. CISCO Cybersecurity Readiness Index in 2023 revealed that only 24% of Indian businesses are ready to combat modern cybersecurity risks and about 80% of Indian companies faced a security breach in the last two years.
As earlier reported by Business Standard, according to a NASSCOM Vasant Research report in April, nearly 100 government supported projects related to quantum and allied technologies are underway. Additionally, the adoption of quantum technologies could potentially add $280310 billion of value to the Indian economy by 2030.
The Center plans to invest Rs 10,000 cr in four supercomputing hubs – Business Standard Read More »
Besides, the delegation will interact with leading business chambers like Confederation of Indian Industry (CII) and NASSCOM, as well as media networks, the statement said. Reddy will also join the panel discussion on transforming healthcare digitally, which is among a key priority for the state.
Telangana CM leaves for Davos to take part in 5day WEF summit – Hindustan Times Read More »
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