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Top 10 technology oriented economies of the world

Technology has been an inseparable tool in the process of development of any country. Adaptability to technology is one of the most influential and crucial indicator for a country to attract foreign investment. The world is enthusiastically ready for the next generation technology like artificial intelligence, green energy based technology etc. Therefore, the most flexible economy to adapt to this
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health tech

Indian health-tech startups bag all-time high funding of $510m in 2018

Venture capital investment in home-grown Indian health-tech startups in 2018 is at an all-time high with continuing investor interest, data from Tracxn Technologies shows. So far, $510 million has been invested across 80 health-tech startups, led by medicine ordering website PharmEasy, which raised $115 million across three rounds this year. Other significant funding rounds include fitness startup Curefit raising $100 million
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techstars

Bengaluru is Techstars’ top pick for first city-based accelerator in India

Techstars, a global startup incubator network has chosen Bengaluru to be India’s first city-based accelerator programme. It also plans to launch its ecosystem development programmes to other Indian cities which are lagging behind. Techstars plans to invest $120,000 from its $5 million India corpus into Techstars Bangalore Accelerator, which is set to run from end-January to end-April. Out of over 1,000
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Huawei_OpenLab

Huawei invests $23M to support incubating hub in Thailand and India

Huawei had announced the opening of its OpenLab in India with the focus on supporting Indian government rolls out its Smart Cities program and an overall digitization in the country using Huawei’s ICT capabilities. As reported by TechObserver.in, Huawei’s new center will function as an incubating hub for Huawei’s India and global market. A total of US$23 million is going
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cleartax

India’s fintech startup ClearTax raises $50M Series B

ClearTax, a seven-year-old, Bengaluru, India-based fintech startup focused around tax preparation, e-filing, accounting and investment planning, has raised $50 million in Series B funding led by the Hong Kong-based investment firm Composite Capital.The company is looking to use the fresh capital to further accelerate its growth and expand the suite of products and services on its platform.
Archit Gupta, Founder and
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India dry powder

Private deal making is becoming more competitive in India with $40 billion cash pile

Consulting firm Ernst and Young has reported that there is $40 billion worth of dry powder targeted towards India. Dry powder, in the field of asset management, refers to the collective pile of investible capital available with private investors.  The estimate considers capital available with India-based private equity and venture capital funds, global and Asia-focused funds with an India allocation,
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IFC launches $1 billion masala bonds

A World Bank Group member, International Finance Corporation launched $1 billion Masala Bonds to strengthen India investments. The 1st Tranche of $100 million was opened last night on the London stock Exchange. It was sold to different sections of investors, including asset managers, banks and a pension fund in the US and Europe. Masala Bonds are used to raise funds overseas
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Zomato

Alipay invests $210M in Zomato

Indian food-delivery and restaurant discovery platform, Zomato, has a signed a deal with Alipay Singapore Holding Pte. Ltd. to raise about $210 million. Alipay, digital payments arm of Chinese e-commerce giant Alibaba, is an existing shareholder of Zomato. This will lead to parent company Info Edge’s shares in Zomato to be diluted down to 27.68 per cent from the currently held
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Paytm

Alibaba Group Investing Upto US$250 Million In Indian Mobile Commerce And Wallet Company Paytm

Chinese e-commerce giant Alibaba Group is investing between US$200 million and US$250 million in Indian mobile commerce and wallet company Paytm. With this deal the Alipay-Alibaba combine, which had earlier infused US$680 million into Paytm in September 2015, will now own over 50 per cent in the firm. A formal announcement in this regard will happen in the coming weeks.
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india_cuemath_sequoia

Indian Edtech Startup Cuemath Raised US$15 Million From Google, Sequoia

Bengaluru math-startup Cuemath is hitting the big time following an announcement Monday it raised $15million from one of Google’s investment-arms, CapitalG, and Sequoia India. Their curriculum was designed by grads and staff from IIT, Stanford, Harvard, Cambridge, and IIM among other top-tier-schools. They boast a nationwide presence of 200full-time employees in cities like Bengaluru, Delhi, Mumbai, Chennai, Hyderabad and Pune.
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