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[Funding alert] Education financing startup Propelld raises Rs 15 Cr from Stellaris Venture Partners and India Quotient

Loknath Das, , , , , , , , , , , , , , ,

Propelld, a Bengaluru-based fintech startup that enables student education loans, on Monday, announced that it has raised Rs 15 crore from Stellaris Venture Partners and India Quotient. Existing investor India Angel Network Fund (IAN Fund) also participated in the round. Other investors in the round include Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network. Bibhu Prasad Das, Founder, Propelld said, “We are expanding the education credit market by creating tailor-made loan products with inputs from our institute and NBFC partners,…

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Lyft Partners nuTonomy to Test Self-Driving Cars in Boston

Loknath Das, , , , , , , ,

Uber rival Lyft said Tuesday it would begin testing autonomous ridesharing in Boston under a partnership with the technology startup nuTonomy. Under the partnership, nuTonomy and Lyft will collaborate to gain insights into “all aspects of ensuring a passenger’s comfort and safety” in self-driving vehicles, a joint statement said. Lyft’s move follows a similar effort by Uber, which has been using autonomous vehicles in a test program in some US cities. “At Lyft, we imagine a world where car ownership is optional and cities are designed for people instead of…

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Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Srijita, , , , , , , ,

Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on information from an unnamed source alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, with a term sheet likely to be signed by this quarter. “We would like to state that the article, attributed to an ‘unnamed source’ is completely false, misleading, malicious and…

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Uber Partners Mumbai Traffic Police to Install Breathalysers

Srijita, , , , , , ,

App-based cab aggregator Uber has partnered with the Mumbai traffic police to curb drunk-driving by installing ‘Uber Breathalysers’ at bars and pubs in the city. Uber Breathalyser is a kiosk that analyses alcohol content in a person’s blood and accordingly flashes a red light, if it’s over the legal limit, and a green light, if it’s safe for the person to drive. If the reading is over the legal limit, a message is displayed on the screen that helps the person request an Uber home, instead of driving. “Through this…

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