Tag: india
Google backs one-year-old Indian startup DotPe in $27.5 million fundraise
Google’s latest investment in India is a startup that is helping businesses come online. One-year-old DotPe, a Gurgaon-based startup, said on Friday it has raised $27.5 million in its Series A financing round. The round was led by PayU, with participation from existing investor Info Edge Ventures and Google. The…
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Indian beauty e-commerce Purplle raises $45 million
Purplle, an e-commerce platform for beauty products in India, said on Monday it has raised $45 million in a new financing round as it looks to expand its presence in the world’s second largest internet market. The new round, a Series D, was financed by Sequoia Capital India and existing…
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Singapore-based M Capital Management closes $30.85M debut fund to invest in Southeast Asian startups
M Capital Management founding partners Joachim Ackermann (left) and Mayank Parekh (right) M Capital Management, a Singapore-based venture capital firm, announced today it has closed its debut fund, M Venture Partners (MVP), totaling $30.85 million USD. It plans to invest in 40 early-stage startups, primarily seed and pre-Series A, with…
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India tells court to block WhatsApp’s policy update, says new change violates laws
As WhatsApp spends months to address users’ concerns and confusion about its planned policy update, there is evidently one entity it hasn’t had much luck making inroads with: The Government of India. The Indian government alleged on Friday that WhatsApp’s planned privacy update, which goes into effect in two months,…
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Nordetect’s system to monitor soil and water for indoor agriculture raises seed funding
As indoor farming expands, a number of new companies are cropping up to provide better data and monitoring tools for the businesses aimed at improving efficiencies and quality of indoor crops. One of these companies, the Copenhagen-based Nordetect, is entering the U.S. market with around $1.5 million in funding from…
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Google Play drops commissions to 15% from 30%, following Apple’s move last year
Google will lower its Play commissions globally for developers that sell in-app digital goods and services on its marquee store, the company said, following a similar move by rival Apple late last year. The Android-maker said on Tuesday that starting July 1, it is reducing the service fee for Google…
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