Canada Pension Plan Investment Board (CPPIB) on Monday said it is acquiring a 6.3% stake in ReNew Power Ventures Pvt Ltd from Asian Development Bank for $144 million. CPPIB, Lawrence said, will continue to seek opportunities to expand its power and renewables portfolio, Lawrence said in a statement. ReNew Power is a renewable energy developer and operator with clean energy capacity across wind and solar power producing assets.
Ziro is a nifty programmable robotics kit for kids that had a successful Indiegogo campaign last year. Ziro now also works with Alexa. For instance, you can ask your robot to wave at you and the robot will wave its arm. If ZeroUI manages to sell enough Ziro kits, a community of builders could pop up and share robot designs. It would be nice if you could follow a guide on an online forum to build a dinosaur or a dancing robot using cardboard layouts.
Unbound is a self-described sextech webshop for rebellious women and its founder, Polly Rodriguez, is a unique and fascinating representative for the site. In this Technotopia podcast I talk to Rodriguez about the future of sex toys and why sex robots probably won't win us over. It's refreshing to hear someone like Rodriguez talk about the future of human-to-human content and what it takes to go beyond the cliches. Technotopia is a podcast by John Biggs about a better future.
HungerBox connects employees of its client organisations with food vendors using a mobile app. The app allows employees to view menu cards provided by enlisted food vendors, place orders and track delivery status. In addition, the startup also provides software to organisations to track their food and beverages (F&B) operations including food consumption, orders and feedback. Online food delivery startup FoodPanda already operates a corporate service similar to HungerBox in India and other markets abroad.
Ltd and New York-based developer Tishman Speyer are set to sell their Hyderabad-based office property WaveRock for Rs2,000 crore, said two people aware of the development. WaveRock is an equal joint venture between GIC and Tishman Speyer, spread over 2.5 million sq. Ft in the Gachibowli financial district, a special economic zone (SEZ) promoted by the Telangana State Industrial Infrastructure Corp. Mails sent to spokespersons for GIC and Tishman Speyer did not elicit any response till press time.
In the last few years, both Ancestry and MyHeritage also expanded their business with DNA testing services - not to help you find potential health issues but to help you find your relatives and tell you where your family comes from. Over the course of the last year, MyHeritage sold more than 1 million DNA kits, and revenue from DNA sales was $58 million.
The drivers of a single cryptocurrency's value are currently too varied and vague to make assessments based on any one point. Who knows: maybe someone will build a new smarter DAO tomorrow that will draw in the big spenders. The key to understanding cryptocurrency pricing is to ignore the froth, hype, and FUD and instead focus on true utility. Ultimately you need to take a deep breath, agree that all of this is pretty freaking weird, and hold on.
In addition to 112 startups under Elevate 100 programme, the Karnataka government has approved funding grant to 44 more startups. At the Organics and Millets 2018 trade fair, Priyank Kharge, Minister of IT, BT & Tourism, Karnataka approved and handed over the cheques to these 44 startups. For the funding grants, different funds have been established by the Karnataka government such as AVGC Fund, Bio-Venture Fund, Idea2PoC Fund, Semiconductor fund and so on.
Payroll provider ADP said it is acquiring WorkMarket, a startup that specializes in workforce management software that operates across a wide range of employees and contractors, for an undisclosed sum. The software aims to create a kind of unified interface for managing an extended workforce that can include a variety of workers with different employment status, from contractors and freelancers to full-time employees.
Over the summer we covered the company's $1.75M seed round, at which point they were just getting started. Now they have 2,500 cars on the road in NYC, Chicago, Boston and Minneapolis, with 20,000 driver signups from all 50 states. Drivers get paid 50 cents for each item they distribute, with the average driver earning around $100-$115. The top ten percent of drivers are converting somewhere between 30-60% of riders into customers and making up to $275 per month.
V Balakrishnan, the former chief financial officer of Infosys Ltd, told PTI that investors are now focusing on B2B start-ups than B2C. B2C start-ups had funding challenges which have reduced of late with large players among them having raised money. The biggest problem faced by startups is on regulatory and compliance front, Balakrishnan said, citing the Income Tax departments notices to startups vis-a-vis the angel tax. He said regulations and compliance have to be made simple and much more friendlier for startups.
VCs continue to pump money into startups attempting to inject life into the legacy and lucrative insurance industry. The latest 'insurtech' company to pick up funding in the UK is Anorak Technologies, which is on a self-described mission to build the world's smartest independent insurance adviser, starting with life insurance. The London-based startup has raised 4 million in seed funding from Kamet Ventures, the 100 million-backed incubator set up by insurance giant AXA.
Taking a step ahead for customer's convenience, Noida-based long distance travel app, RailYatri has acqui-hired Kochi-based food delivery technology startup, YatraChef. Their skills will help us jointly develop new offerings that would re-define the travel experience with RailYatri. YatraChef connects Indian rail travellers to the restaurants delivering food at the stations they will cross in their journey. RailYatri has continued to strengthen its supply side commerce capabilities to create premium and different offerings for its customer base.
Ride-hailing app Uber has reportedly ignored a security flaw - discovered by a New Delhi-based security researcher - that can allow an attacker to hack into user accounts via bypassing its two-factor authentication feature. That two-factor code can be bypassed, making the second layer of security protection effectively useless, security researcher Karan Saini was quoted as saying by ZDNet.
The specialized fintech accelerator programme launched by the Indian School of Management and Entrepreneurship (ISME) in June last year has finalised its first cohort of 6 startups. ISME ACE has invested a seed capital of $100,000 to $200,000 per startup in exchange for a minority shareholding. ISME ACE aims to leverage this change, by promoting and investing in disruptive B2B and B2C fintech startups, said Raakhe Kapoor Tandon, Founder of ISME ACE.