Key investors: Dream Incubator, Beenext, Pi Ventures, Axilor, Binny Bansal
What it does: Niramai has developed a breast cancer screening solution that is non-touch and non-invasive. It uses data analytics, Artificial Intelligence and Machine Learning over thermography images and has shown success in early detection of breast cancer.
Founder: Ranjith Mukundan (in pic), Ravishankar G Shiroor, Praveen Nale, Ramakrishna Adukuri, Venkatesh Seshasayee
Key investors: Bill and Melinda Gates Foundation, IndusAge Partners, Blume Ventures, Binny Bansal, Omnivore Partners
What it does: Stellapps is an end-to-end dairy technology solutions company which uses data analytics to improve parameters in the agricultural supply chain, including milk production, procurement, cold chain, animal insurance and farmer payments.
Key investors (grants): US Department of Energy, UK’s Department for Business, Energy and Industrial Strategy
What it does: Carbon Clean helps industries including chemical, steel and bio-waste to capture their carbon emissions and reuse it commercially as well as to meet emissions restrictions set by governments.
The edition containing the special page was delivered by drones to the homes of some of Bengaluru’s renowned tech entrepreneurs — Infosys …
Aerial route: The Times of India on Wednesday launched an initiative by and for technologists, called Times Techies, in Bengaluru & Hyderabad. The edition containing the special page was delivered by drones to the homes of some of Bengaluru’s renowned tech entrepreneurs — Infosys co-founder N R Narayana Murthy, Happiest Minds founder Ashok Soota, Swiggy co-founder Rahul Jaimini and InMobi co-founder Naveen Tewari.
The weekly page focuses on emerging technologies like AI, machine learning, IoT, blockchain, cloud, and robotic process automation.
(Times Techies appeared in TOI’s June 12 edition)
N R Narayana Murthy, co-founder, Infosys: I’m very happy that there is a full page coverage on the applications of latest technologies. It is the need of the hour for techies to know the applications of all the wonderful things that they do in the office.
Ashok Soota, founder, Happiest Minds: We are in the digital era and all change is being driven by the rapid introduction of many new technologies. Hence, it’s important for us to be up to date and I’m glad that the first edition includes artificial intelligence. In the future editions, I hope to see long-term newer developing technologies like quantum computing and robotics.
… Messenger has raised $4 million (Rs 27 crore) in its Series-A funding round from Lightspeed Venture Partners and other prominent angel investors, …
BENGALURU: Artificial intelligence startup Yellow Messenger has raised $4 million (Rs 27 crore) in its Series-A funding round from Lightspeed Venture Partners and other prominent angel investors, including founder of Redbus Phanindra Sama and Snapdeal cofounders Kunal Bahl and Rohit Bansal.
The Bengaluru-based firm plans to use the funds to deepen its tech capabilities, expand its teams and presence in Asia, the Middle East and other emerging markets. “We are excited about partnering with Lightspeed and our eminent angel investors to invest in R&D and expand our global presence to build the most impactful enterprise technology firm for the AI era,” said Raghu Ravinutala, CEO, Yellow Messenger.
While Acko General Insurance, a Mumbai-based startup backed by Binny Bansal, acquired online car buying portal VLer Technologies, Kabaddi Adda …
While Acko General Insurance, a Mumbai-based startup backed by Binny Bansal, acquired online car buying portal VLer Technologies, Kabaddi Adda, a portal that specialises in sports-related content, raised seed capital from Artha Venture Fund
Binny Bansal-backed Acko acquires car retailing platform
Acko General Insurance, a Mumbai-based startup founded in November 2016, has acquired online car buying portal VLer Technologies, in a bid to strengthen its auto-ecosystem.
Financial details of the transaction, however, could not be ascertained.
The news pertaining to the acquisition comes in two months after the online insurance startup made headlines for raising as much as $65 million in a Series C funding round from a slew of high-profile investors including Flipkart co-founder Binny Bansal.
Established in 2016 by two IIT Bombay alumni, VLer works to simplify the broken car retail experience in India, thereby providing its customers a hassle-free experience while buying used cars. It is understood that post the acquisition, its co-founders will join the Acko Technology team.
Kabaddi Adda raises seed capital
Kabaddi Adda, a portal that specialises in sports-related content, has raised a seed funding amounting to Rs 1.5 crore (around $215,000) from early-stage venture capital firm Artha Venture Fund, according to an announcement.
The startup plans to use the capital to upgrade user experience and generate content in diverse languages as it gears up to reach out to kabbadi fans across the world.
For Artha Venture Fund, that marked its first close of its debut fund in 2018, this is one of the early investments. Its other portfolio companies include online peer-to-peer lending platform LenDen Club and Chotta Haazri Foods Pvt. Ltd that runs tea kiosks in Mumbai.