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Deals RoundUp: Google, Moodstocks, CrAdLE, Paintcollar, Meta IoT, Vahann and One Way Cab, Applyifi, Twitter, IBM Smartcamp, IBM Global Entrepreneur Program and Edelweiss

IBM Global Entrepreneur Program in association with Edelweiss is conducting a challenge for Fintech Startups, named IBM Smartcamp, India’s biggest B2B startup competition.

Photo Credit : locatory.com,

Google Buys French Startup Moodstocks

Google announced a deal to buy Moodstocks, a French startup behind technology that helps smartphones recognize whatever they are aimed at.

Moodstocks caught the US technology giant's eye for its work in computer vision and machine learning, as well for accomplishments in enabling smartphones or other mobile devices to recognize images and objects, as per ET report.

Financial terms of the deal were not disclosed.

CrAdLE Gets Infosys Cofounder S Gopalakrishnan as Its First Chairman

CrAdLE, the start-up incubator set up by the Entrepreneurship Development Institute of India (EDII) and Infosys cofounder S Gopalakrishnan, has appointed the latter, also known as Kris, as its first chairman.

With its focus on four sectors, viz, manufacturing, food and agri-business, renewable energy and healthcare, CrAdLE has already been allotted a nearly 10,000 sq feet centre within the EDII Ahmedabad campus, as per BI report.

Four Startups Raises Angel Funding Via Applyifi Platform

Applyifi, a Gurgaon-based platform that helps startups raise capital, has announced the results of its recent Fundraising Assistance Program (FRA). Four startups viz. Paintcollar, Meta IoT, Vahann and One-Way-Cab has raised funding through the platform, as Inc42 reported.

Mumbai-based Paintcollar was launched in September 2014 by a team of five viz. Akash Arun, Amogh Vaishampayan, Deepak, Shantanu, and Manu Dwivedi. It enables artists, designers, institutions and brands to create products like T-shirts and phone cases by uploading designs on product templates using their Creation Engine.

Meta IoT - Vehico was founded in 2015 by Abhishek Chatterjee and Subhajit Banerjee Purnapatra. Based in Bangalore, it aims to be a Fitbit for cars and bring the power of the Internet to automobiles.

Founded by Angad Singi, Vahann is making an electric moped that folds into a stroller bag that you can drag along.

Based in Gujarat, One Way Cab was launched in 2015 by Vivek Kejriwal, Devang Sanghvi, and Pankaj Gandhi. One Way Cab is a taxi service provider, charging only for a one-way trip in inter-city travel.

Ex-Facebook CTO Bret Taylor Joins Twitter’s Board

Twitter has appointed another new board member: Bret Taylor, the former chief technology officer at Facebook and an ex-Google employee who helped create Google Maps. He’s currently the CEO of a startup called Quip, and had co-founded a startup called Friendfeed that once could have been described as sort-of a Twitter competitor.

"Bret brings to our Board a great mind for consumer products and technologies that will be invaluable to the company as we execute our plans for 2016 and beyond," said Omid Kordestani. "His skills also complement those of our other recent Board additions, who bring expertise in finance, media, and entrepreneurship."

Twitter recently appointed BET CEO Debra Lee to its board, and previously added Pepsi CFO Hugh Johnston and internet entrepreneur Martha Lane Fox, reported Recode.

IBM Invites Fintech Startups for its Smartcamp Challenge

IBM Global Entrepreneur Program in association with Edelweiss is conducting a challenge for Fintech Startups, named IBM Smartcamp, India’s biggest B2B startup competition. This unique startup challenge for innovators and trendsetters in the Financial Technology space is your opportunity to receive Award Certifications from IBM, interact with Edelweiss clients, make personal product showcases to CIOs and IBM Executives, meet VCs and Government executives, get mentored, receive press coverage and win grand prizes.

The Edelweiss IBM Global Entrepreneur Program partnership for this event was conceived as part of an initiative by both these companies to promote innovation and entrepreneurship in the fintech domain in India. As part of this initiative, Edelweiss Group, through its Private equity and venture capital arm seeks to invest in early stage tech fintech startups with strong management teams and sustainable business models. This association / partnership will also provide startups an opportunity to commercially engage with Edelweiss to solve various business challenges through their cutting edge solutions.

The last date to apply for the event is 23 July 2016.

To know more details about the challenge, check here.



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