Article on June 25, 2018
PolicyBazaar Raises Over $200M Led by SoftBank Vision Fund
PolicyBazaar, which was founded in 2008, claims to clock around 300,000 transactions on a monthly basis.
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Equanimity Ventures Fund Invests in FinTech Startup Sqrrl
Sqrrl, a savings and investment app, plans to aggressively pursue growth and ramp up its tech platform
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Alcoholic Beverage Group Diageo Invests 27Cr in Payment Startup HipBar
With the HipBar app, age verified consumers can browse a range of alcoholic beverages, select a brand of their choice and make payment using the mobile wallet and have product delivered or pick it up from a desired retail store
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Twitter Acquires Abuse Filtering Startup Smyte to Curb its Biggest Weakness
Twitter claims Smyte products will help the micro-blogging site address weak spots like spam and user safety
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Aditya Birla Sunlife Deploys Intel Capital Funded Avaamo’s AI Platform to Manage 1M Insurance Policy Queries
BirlaSunlife choose Avaamo mainly due to its insurance specific AI models and superior service offerings.
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Aavishkaar and Asha Impact Invest Rs 44 Cr in Waste Management Firm Nepra
With initiatives such as the Swachh Bharat Abhiyan, regulatory push on solid waste management regulations and Extended Producer Responsibility, there is large demand for organised waste management enterprises who can process at scale and provide reliable waste management services.
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Niki.ai Strikes BIG with an Amazon Partnership
Driven by the shared philosophy of customer-obsession, these tech-first companies have joined hands to provide utmost convenience to the users by removing the friction on each step from choosing to discovering to paying for products and services.
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Paytm to Provide Up to Rs 5 Lakh Life Insurance Cover to Offline Partner Stores
An existing Life Insurance player will provide the insurance policy and the premium will be borne by Paytm. This is aligned with the company’s commitment to promote and strengthen cashless transactions.
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Start Ups Environment in India
Funding for new entrepreneurs has become more easily available, with angel funds, High Networth Individuals, Venture Capital moneys, etc ready to deploy investments into new companies.
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Online Office Supplies Platform Aahaa Stores Raises $2M from UAE’s Calega
The company plans to utilize the fresh investments to upgrade their technology, expand business across new verticals and geographies, enrich infrastructure by inducting more independent service providers and mobilizing superior talent.
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