14 YO Harshavardhan Zala signs MoU worth 5 Cr for defense drones with Gujarat Govt

14 YO Harshavardhan Zala signs MoU worth 5 Cr for defense drones with Gujarat Govt

Harshavardhan Zala, a 14 year old boy who pitched for his drone production startup meant for implementation in India’s defense services. Harshavardhan has designed a drone that can be used in the war fields to detect land mines as well as diffuse such land mines threats. The drone would work in a way to defend the forces and neutralize threat prone war-fields.     He signed a Memorandum Of Understanding with the state government, Gujarat,…

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Payment app Freecharge raises $57M from Snapdeal – owned by Jasper Infotech

Payment app Freecharge raises $57M from Snapdeal – owned by Jasper Infotech

Jasper Infotech which owns Snapdeal has invested around $57M in Freecharge Bengaluru – Jan 09, 2017. RedNewswire/- Mumbai-based payment app FreeCharge has raised $57.2 M from Jasper Infotech, which own e-commerce platform Snapdeal. According to report, documents were filed in the last week of December, 2016 at the Registrar of Companies (RoC). Freecharge was founded in 2010 by Sandeep Tandon and Kunal Shah. FreeCharge is a payment wallet that allows the online facility of recharging any prepaid…

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Ed-tech startup “Learntron” raises undisclosed seed funding from Kae Capital

Ed-tech startup “Learntron” raises undisclosed seed funding from Kae Capital

Learntron is a Suite of apps for schools, educational institutions and corporates Bengaluru – Janc 04, 2017. RedNewswire/- Chennai-based Learntron delivers SaaS based suite of apps to manage learning and training activities for schools, educational institutions and businesses. It has raised an undisclosed seed funding from Mumbai-based  Kae Capital. The company was founded in 2016 by Kuljit Chadha & subramanian viswanathan. It enables educational institutions to move their classroom courses to an online platform. It also helps corporate…

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State Bank of India has banned deposits In Paytm Wallets

State Bank of India has banned deposits In Paytm Wallets

Paytm transactions are not permitted by SBI in paytm wallets Bengaluru – Dec 29, 2016. RedNewswire/- Paytm is India’s most popular cashless platform among consumers which makes easy for people to do cashless transactions. Where Our PM Narendra Modi talks about going cashless and digital India, SBI has banned transactions to paytm wallets. The account holder of SBI bank will now not be able to do Paytm transactions,whereas others banks are still allowing paytm transactions….

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Online jewellery store “BlueStone” raises $5.2M series D funding from Iron Pillar Fund

Online jewellery store “BlueStone” raises $5.2M series D funding from Iron Pillar Fund

BlueStone is an online private label jewellery shopping store Bengaluru – Dec 24, 2016. RedNewswire/-   BlueStone is an online jewellery store that sells high quality jewellery and accessories. It has raised $5.2M in Series D funding round from Iron Pillar Fund. The company was founded in 2011 by Gaurav Singh Kushwaha  & Vidya Nataraj. Bluestone showcases high quality fine jewellery with strikingly exquisite designs. It has a just-in-time manufacturing model where the jewellery is manufactured within three to four days…

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Deals app “The Blue Book” raises $500K in seed funding from Indian Angel Network & LetsVenture

Deals app “The Blue Book” raises $500K in seed funding from Indian Angel Network & LetsVenture

The BlueBook is a mobile app for deals at nearby eateries Bengaluru – Dec 22, 2016. RedNewswire/- Hyderabad-based TheBlueBook is a mobile app for availing deals from nearby F&B stores. It has raised $500K in seed funding round led by Indian Angel Network. Lets Venture and independent investors from Singapore and the US also participated in the round. The investors include Srinubabu Gedela, CEO of OMICS International, Avinash Vashistha member of IAN and former Chairman &…

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IFMR Capital raises $17M in private equity funding round from Standard Chartered

IFMR Capital raises $17M in private equity funding round from Standard Chartered

IFMR Capital provides and raises capital for MFIs, SME Lending NBFCs Bengaluru – Dec 20, 2016. RedNewswire/- Chennai-based IFMR Capital is a financial services firm that helps financial institutions serving under-banked people raise funds. It has raised $17M in Private equity funding round from  Standard Chartered. The standard Chartered Private Equity (SCPE) will invest upto $50M in the company. The company was founed in 2008 by Kshama Fernandes. It Connects high quality microfinance institutions (MFIs), affordable housing…

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Online marketplace for holiday packages “Tripshelf ” raises $235K seed funding from GEMs Advisory & Quarizon

Online marketplace for holiday packages “Tripshelf ” raises $235K seed funding from GEMs Advisory & Quarizon

Tripshelf is an online marketplace for discovering and comparing tour packages Bengaluru – Dec 17, 2016. RedNewswire/- Delhi-based online travel marketplace TripShelf raises $235K in seed funding from GEMs Advisory & Quarizon. It aggregates tour packages from multiple travel agencies (domestic and international) to give the consumer a listing of holiday package tours. The newly raised funds  will be used for onboarding more tour operators onto the platform, enhancing technology and digital marketing to enable business conversions from enquiries. A part of…

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