After banning Twitter, the Nigerian government has planned to use Koo, a Bengaluru-based microblogging startup. Recently, Twitter took down Nigerian president Muhammadu Buhari’s tweet citing violation of behaviour policy which sparked the argument between Twitter and Nigerian government. Talking about lifting the ban on Twitter, Nigerian minister Lai Mohammad said, "First and Foremost, Twitter must register as a company in Nigeria". Koo… read-more
Courtesy: Deccan Herald
A computer science portal Startup GeeksForGeeks has emerged as a leading solution for all placement-related concerns of students seeking a career in the IT sector. Offering different online courses with features including schedule flexibility, self-paced learning, and recorded lectures, GeeksForGeeks allows anyone to contribute and help others sharing their knowledge. Started by an IIT-Roorkee alumnus Sandeep Jain, the startup also helps… read-more
Heralding academic innovation, the Indian Space Research Organisation (ISRO) and the National Institute of Technology (NIT) Rourkela have jointly signed a memorandum to instate a Space Technology Incubation Centre. Reportedly, ISRO will render Rs 2 crore per year Grant-in-Aid for two years as seed capital, while NIT-R proffers its outstanding laboratories and faculties. The collaboration unlocks new avenues for research and product… read-more
Courtesy: The Hindu
Centre has appointed edu-tech platform Byju’s founder Byju Raveendran, Snapdeal co-founder Kunal Bahl and Ola’s Bhavish Agarwal and others as non-official members of National Startup Advisory Council. The NSAC will recommend steps to encourage innovation in various sectors among citizens across the country. Besides, it will assist in quick start, operation and exit for the startups. The NSAC's non-official panel will have stakeholders,… read-more
Courtesy: The News Minute
Indian investor Rakesh Jhunjhunwala financed Nazara Technologies Ltd - one of India's biggest interactive gaming and sports media companies - became the first Indian gaming technology company to enter the stock market. Though the firm got SEBI’s approval to file Initial Public Offer in 2018, it had filed IPO documents on January 15. Reportedly, Nazara will float 55,43,052 shares equity shares in the market that will be managed by ICICI… read-more
Courtesy: Times Now News
To encourage startups, Prime Minister Narendra Modi has announced a Rs 1000 crore fund at Startup India International Summit: Prarambh. Addressing India as one of the biggest startup ecosystems in the world, the PM said, startup systems should follow the mantra "of the youth, by the youth, for the youth". Besides, he lauded them for being self-reliant during the COVID-19 period when industry leaders suffered to tackle the pandemic.
Renowned internet domain registrar GoDaddy has agreed to buy the fin-tech platform Poynt for $365 million. Reportedly, Poynt's CEO Osama Bedier will join the GoDaddy leadership team and will head a new business section. As per GoDaddy officials, the deal has been scheduled to conclude in the 1st quarter of 2021. Bedier said, "Our team is super excited to join forces and help millions of GoDaddy entrepreneurs sell everywhere."
Courtesy: Business Insider
Paytm CEO Vijay Shekhar Sharma has said that they target to have about one million apps in the Paytm Mini Store by the first quarter of 2021. He added that an investment fund of Rs 10 crore has been set up for mini-app developers. Reportedly, unlike Google, the platform provides free listing for app developers, who can also avail free payment avenues. Earlier, Paytm had called Google "unfair" for levying a 30% commission.
Courtesy: Economic Times
Online-education-technology infrastructure provider, 'Winuall' has attracted a funding of Rs 14.7 crore from Prime Venture Partners. The CEO of Winuall said that they aim to enable tutors in India to go digital and improve the quality of learning for students. Reportedly, with the raise in the need for edtech platforms, the startup aims to reach three million students by the end of 2021.
Courtesy: The Economic Times
Department for Promotion of Industry and Internal Trades (DPIIT) on October 6 announced the startup awards for the year 2020, from around 1600 participants. 'Intello Labs' was selected as one of the four winners under agriculture category for digitized food quality assessments. Under education, 'Kick Head Software' was awarded under the 'Access to Open Education'. In Health Category, 'Information Medical Devices' bagged the award for building… read-more
Courtesy: Brifly Exclusive