Imagine a world where you could sell your medical information to a drug company on your terms for a specific purpose like a drug trial. Then imagine you could restrict the company from using that data for anything else, including selling it to other medical data brokers, and enforcing those ownership rules on the blockchain. That’s what Hu-manity.co, a data ownership startup wants to do and they are putting the pieces in place to create a data marketplace.
Reali, a real estate platform that replaces traditional real estate transaction fees with a flat-fee model, today announced that it has raised a $20 million Series B funding round led by Zeev Ventures, with participation from Signia Venture Partners and other investors. This round brings Reali’s total funding to $30 million. The basic idea behind Reali is to do away with the current agent-centric commission model and replace it with a technology platform and agents that are paid a flat fee per transaction.
Kik made waves last year after a successful $100 million ICO. Now the company has released its first beta product related to its Kin token. Called Kinit, it’s a simple wallet that enables users to earn, store, and spend its tokens. The app makes it possible for users to generate a few dollars in value per day and then exchange those dollars for gift cards and perks.
D.C.-based Framebridge today announced the close of a $30 million Series C financing round led by T. Rowe Price Associates, Inc. with participation from existing investors SWaN & Legend Venture Partners, Revolution Ventures, and NEA. Framebridge offers affordable and convenient custom framing via its website and mobile app. The idea for the company started when founder and CEO Susan Tynan went to get four National Parks posters framed. After a multi-hour consultation, she ended up spending $1,600.
Jeff Bezos is now richer than anyone has ever been. His net worth touched $151 billion on the Bloomberg Billionaires Index on July 16, which coincided with Prime Day. While Jeff Bezos has topped wealth rankings since late 2017, when he surpassed Microsoft Founder Bill Gates on individual fortune, the $150-billion figure is the highest in modern history, even when adjusted for inflation.
Global ecommerce behemoth Amazon, which has been looking at 360-degree expansion of its portfolio, is ready to dive into the Indian healthtech market and is eyeing acquiring online pharmacy MedPlus. It recently acquired PillPacl for $1Bn. Amazon has been betting continuously on Indian startups such as Acko, BankBazaar etc.
After bringing a big bang start to 2018 with entry into Unicorn club, edtech platform BYJU’S is ready for another spike in its valuation. According to reports, the company is looking to raise another round of funding at a valuation of $1.8-2 Bn. The funding amount is expected to be $150 Mn. The company is also looking to add at least two new investors with participation from existing investors led by Tencent Holdings Ltd.
As companies actively seek industry-academia collaborations, Bengaluru-based startup Hotelogix has tied up with Institute of Hotel Management (IHM), Mumbai, and its hotel management system will be used to train students at the educational institute. Hotelogix is a cloud-based hotel property management system solution provider. Hotelogix recently raised $5 million in a funding round led by Vertex Ventures, and the round saw the participation of Accel Partners and Saama Capital.
In 1825, India was the world’s biggest economy, accounting for 25 percent of the gross domestic product (GDP). According to Pai, these are some of the factors that will help India increase its market size by 10x or 15x - credit without friction (loans disbursed in 30 minutes), new-age travel platforms like Ola and Uber digitising the ecosystem and creating a large number of jobs, and Indians embracing smartphones.
At present, India’s Food and Beverage Industry might be a vibrant and thriving scene, but it is also famously fickle and highly competitive. Unless you have something to offer that catches the eye of the patron, high chances are that you will have trouble standing out from the crowd. Even if your restaurant kicks off to a great start, new competitors might come into the market and blemish the game for you by taking away your clients.