Startup Archives - Pinfaves

Infosys writes off investment in Waterline as third startup bet turns sour

March 11, 2020March 11, 2020 Loknath DasAs, bet, In, Infosys, investment, Off, Startup, Third, Turns, Waterline, writes

India-based multinational information technology services provider Infosys Ltd. has written off its investment in a United States startup that offers data discovery and governance software. The California-based startup called Waterline Data Inc., founded in 2013, will be acquired by a subsidiary of Japan’s Hitachi by the end of this month. This is the third startup bet that has turned sour for Infosys. The IT major had invested in Waterline through its $500 million Innovation Fund, launched in 2015. It first invested $4 million in January 2016. In March 2018, it bet a further…

Sinclair leads $10.3M investment in rideshare advertising startup Octopus

November 8, 2019November 8, 2019 Loknath Das$10.3M, Advertising?, In, investment, Leads, rideshare, Sinclair, Startup

Octopus Interactive, a startup bringing an interactive TV and ad experience into Uber and Lyft rides, has raised a $10.3 million funding round led by Sinclair Digital Group. Backseat TVs mixing show snippets and commercials have become a common part of the taxi experience in New York City and elsewhere. Octopus is offering something of a more interactive version of this concept to rideshare drivers, who can use it to keep their passengers entertained and also earn extra money. Octopus says it provides drivers with tablets that combine games (which…

Why You Should Treat Retirement Like A Startup Business

September 27, 2019September 27, 2019 Loknath Dasa, Like, retirement?, Should, Startup, treat, Why, You

Have you ever worried if you’ll run out of money? Can you imagine a point where you might wonder how you might bring in that next dollar? Are you thinking you might have to cut expenses in order to stay afloat? Who do these anxieties describe? An entrepreneur? A retiree? Trick question! It’s both! More and more financial experts now recognize the similarity between living a comfortable retirement and running a sustainable business. And if you’re thinking of retirement, you just might want to pay attention to what they say.…

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

July 3, 2019July 3, 2019 Loknath Das15, Alert, and, Cr, Education, financing, From, Funding, India, Partners, Propelld, raises, Rs., Startup, Stellaris, venture

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,…

[Funding Alert] Facebook debuts startup investment in India with Bengaluru-based Meesho

June 14, 2019June 14, 2019 Loknath DasAlert, Bengaluru-based, debuts, Facebook, Funding, In, India, investment, Startup, With

Meesho, a Bengaluru-based social commerce platform that helps resellers and emerging brands build businesses using social media, has bagged funding of undisclosed amount from social network giant Facebook. This is Facebook’s first investment in an India-based startup, and is a strong demonstration of the company’s commitment to the country’s vibrant internet ecosystem, the Silicon Valley company said in a statement. Founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal in 2015, Meesho has created an alternate distribution channel by empowering housewives, young mothers, aspiring entrepreneurs, students, and teachers, to launch, build and promote their online businesses…

Bosch Makes First Venture Investment In India With Deeptech Startup SimYog

January 29, 2019 Loknath Das'First, Bosch, Deeptech, In, India, investment, Makes, SimYog, Startup, venture, With

Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies. Incubated at the Indian Institute of Science, SimYog has raised $885.7K (INR 6.3 Cr) in a funding round with participation from early-stage venture capital firm Ideaspring Capital. The startup plans to use the fresh funds to expand its product offering. The company will also expand its team to 12 people—from five now—over the next year, as it adds customers and products. Founded in 2017 by Dipanjan Gope, Anant Devi and…