1947 Tech — Week 6
A few good articles that I came across this week..
Week 6, 2018
1. Indian startup space sets a blistering pace in 2018, as investments pour in
The Indian startup ecosystem has secured a staggering $1.8 billion in funding in the first 40 days of this calendar year, in a clear departure from the funding patterns of last year. The amount has been raised over 100 deals.
2. In one of largest funding rounds in Indian SME space, LendingKart secures $87M. But there’s more
The company on Monday announced the closing of their $87 million Series-C round, one of the largest in the SME lending space, led by Singapore’s Fullerton Financial Holdings Pte Ltd (FFH), a subsidiary of Temasek Holdings.
3. How WhatsApp for business boosted eyewear startup Glassic to fame
According to WhatsApp, close to 80 percent of Indian SMBs think WhatsApp helps them grow their business.
4. Chamath Palihapitiya’s Social Capital invests in SaaS startup WebEngage
WebEngage, a user engagement software-as-a-service (SaaS) startup run by Webklipper Technologies Pvt. Ltd, has raised an undisclosed amount of funding from venture capital firm Social Capital.
Silicon Valley-based Social Capital is led by former Facebook executive Chamath Palihapitiya. Mumbai-based WebEngage said in a statement that it is the first company to raise money through Social Capital’s Capital-as-a-Service (Caas) vehicle.
CaaS enables Social Capital to make early-stage investment decisions through algorithms relying on a company’s data and metrics.
5. Regulator fines Google for ‘search bias’ based on BharatMatrimony complaint
India’s antitrust watchdog on Thursday imposed a Rs 1.36 billion ($21.17 million) fine on Google for “search bias” and abuse of its dominant position, in the latest regulatory setback for the world’s most popular internet search engine.
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Have a great week.
