Airbus subsidiaries NAVBLUE and Aerial have signed partnerships with three Indian startups – Stelae technology, EFLIGHT, and Airpix accelerated at Airbus Bizlab India, to power cutting-edge technologies that will help usher in new industry benchmarks in aeronautical data services, flight operations, and imagery services. With a corpus of $150 Mn, Airbus Ventures has reportedly poured money into 13 startups in Israel, Japan, Europe, and North America.
As Tencent looks to enter Indian cloud services, its global challenger Alibaba Group has launched its new distribution channel programme in a bid to strengthen its presence in India. According to reports, a senior Alibaba Cloud executive believes now is a great opportunity to do business in India. As Alibaba Cloud strengthens its India business, entrants like Tencent and well-established players like Amazon (AWS), Google Cloud etc continue to pick up the pace too.
The Jaipur-based platform, which builds customised engagement apps for doctors, has raised the seed funding from a group of angel investors. The investment will be reportedly used in strengthening technological capability and expanding its footprint to tier-I cities. Investors who participated in the seed funding round included Siddharth Agarwal, CEO of Silk Asia and President of TiE Rajasthan; Mahaveer Sharma, Chairman of Rajasthan Angel Innovators’ Network (RAIN); Amit Singal, Founder and CEO of Startup Buddy; mobile tech accelerator, 100 Co-founders Lab; and others.
Montreal’s Galerie NuEdge on Sherbrooke Street showcases a wide range of contemporary art – from photographs and paintings to sculpture and Murano vases. For over 15 years, the gallery has served local and international corporate markets. Featured artists and photographers in the gallery include Eduard Gurevich, Mario Brassard, Irene Gretchanaia, Lois Greenfield, Marilyn Minter, Greg Lotus, and Mark Show – some of whom are highlighted in this photo essay.
Digital insurance startup McXtra has raised a pre-Series A round of $1.3 Mn funding from a clutch of twelve investors whose names were undisclosed. McXtra is essentially an insurtech platform which helps the user create a policy vault of all his insurance policies. The startup will be using the raised funds to scale up its tech platform and to reach out to more users.
Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million. Chowly aims to help restaurants better manage the influx of delivery orders they receive from a variety of services, such as Grubhub, Delivery.com and Chownow. Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick Montanile and others.
E-commerce has thrown open opportunities for retailers and wholesalers like never before, enabling them to facilitate 24x7 direct online selling for both B2B and B2C operations. With such ease of selling through online channels, consumers have smoother access to niche products that they wouldn’t otherwise find in brick-and-mortar stores or products that are not available in their local regions.
India’s consumer market is primarily driven by a population with rising disposable income, comprising of a growing middle-class segment and a relatively large affluent class. An efficient, effective branding campaign and customer service revolving around consumer understanding and need help in providing proper differentiation for brands in a cluttered marketplace. It also creates a common goal for the company towards aligning its operations, personnel, and marketing initiatives.
It’s one thing to have a great business idea, but connecting all of the disparate pieces of information and people needed to build it can be a frustrating growing pain and one that the internal knowledge sharing company Guru is trying to fix. To get a better picture of how companies are using their knowledge, Guru has also incorporated impact analytics into its web app to help companies see where knowledge is best being utilized and where any gaps might be.
Headout is a travel app that enables tourists to book outings at very short notice, in most cases on the same day. The startup announced today that it’s raised a $10 million Series A led by returning investors Nexus Venture Partners and Version One Ventures to support its ambitious growth targets. Over the next 18 months, Co-founder Varun Khona says the startup wants to expand from 20 cities to 100 cities in North America, Europe and the Asia-Pacific.