Digital asset investing company B21, on Wednesday, launched its B21 Invest app in India. Back in 2018, the Reserve Bank of India (RBI) had virtually banned cryptocurrencies in India, also issuing circulars to warn users, holders and traders of virtual currencies. Legalised Crypto Trading Makes Foray In India In May this year, the Supreme Court struck down the RBI’s banking ban on cryptocurrencies, in what was hailed as thorough validation of the Indian crypto community’s seven-year-long struggle.
Two users on Twitter, early on Thursday, took to the microblogging site to point out the lack of data privacy being observed by Delhi University’s (DU) online portal where students download their admit cards. Students Of One College Share Same ‘Gateway Password’ For DU Online Portal The tweets have pointed out that the three fields don’t ensure an adequate level of data privacy, as they are easily available to other students from the same college, all of whom share the same ‘Gateway Password’. Prasad added, “I have noticed that not only home address but also the phone number and email addresses of the students are printed on Delhi University’s online admit card which is totally unsecured and accessible freely by the public.” “There is a very real risk of a potential stalker getting hold of a phone number, email ID and home address of a potential victim through the Delhi University Online Admit Card.
Gurugram-based beverage and snack brand Paper Boat has raised INR 28 Cr funding from Sofina Ventures, A91 Emerging Fund I, SCI Growth Investment II and Catamaran Ventures. Sofina Ventures has picked up 2,07,425 stake for INR 16.50 Cr A91 Emerging Fund I has picked up 62,856 stake for INR 5 Cr SCI Growth Investment II has picked up 50,285 stake for INR 4 Cr Catamaran Ventures has picked up 31,428 stake for INR 2.50 Cr But the company’s cofounder Kakkar denied stating that Paper Boat is “strongly committed to building a long-term, sustainable – and most importantly – an independent business.” In the financial year 2019, Paper Boat had posted a revenue of INR 189.56 Cr, a 62% increase from INR 116.94 Cr in FY18.
OurPeople, the U.K. startup that’s built a team communication and engagement platform for desk-less workers, has raised $2 million in Series A funding. Founded in 2016 by Ross McCaw, Bristol-based OurPeople offers a secure mobile platform to let businesses communicate digitally with employees, ensuring teams can stay connected. Furthermore, the OurPeople founder says the platform is different because the startup is not attempting to create a workplace social network “where vital information can get lost in all the typical noise”.
Chennai-based edtech startup Flinto Learning Solutions has raised $7.2 Mn in a Pre-Series B round, led by Lightbox Ventures. According to SimilarWeb, based on a study of 35 top online learning platforms, the edtech segment saw a 26% increase in user visits between April 2019 to March 2020, as compared to April 2018 – March 2019. Further, the first 28 days of lockdown in India edtech segment saw 128.8 Mn visits (on average, 4.6Mn daily visits) as compared to 102.2 Mn average visits between April 2019 – Feb 2020.
Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG’s subsidiary KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC). MPOF Mauritius Ltd picked up 7,158 shares for INR 24.63 Cr MAF Mauritius Ltd picked up 3,890 shares for INR 12.38 Cr HBM Healthcare Investments picked up 11,048 shares for INR 38.02 Cr KWE Beteiligungen AG Ltd picked up 11,048 shares for INR 38.02 Cr International Finance Corporation (IFC) picked up 5,524 shares for INR 19.01 Cr Other investors including Redwood Global, Korea Omega Healthcare Fund, existing investors such as Sequoia Capital, Maverick Ventures, HBM Healthcare investments, Omidyar Network and Kae Capital also participated in the round.
ShareChat has always had a strained relationship with ByteDance and its platforms short video app TikTok and social media platform Helo. “People from TikTok, Viva Video, Vigo Video, New Video Status, Vmate, U Video, SelfieCity, Beauty Plus, YouCam makeup, Wonder Camera, Photo Wonder, Sweet selfie, Hago are welcome to 100% Made in India Short Video App by ShareChat,” the app’s description reads. Chingari app, which was developed by two Bengaluru-based developers, noted over 100K downloads and over 2 Mn views per hour after the China-based app was banned.
Indian ecommerce giant Flipkart is reportedly piloting a new social commerce platform named 2GudSocial to onboard consumers from small towns and lower-income groups. The social ecommerce startups leverage the user bases of social media platforms such as WhatsApp or traditional media platforms to build ecommerce solutions for its customers which are more friendly and personalised. Bengaluru-based social commerce startup Meesho is backed by marquee investors like Facebook, Sequoia India, Shunwei Capital and DST Partners, among others.
NETC FASTag registered 81.92 Mn transactions worth INR 1,511 Cr in June 2020, compared to 55.17 Mn transactions worth INR 1,142 Cr in May 2020. IMPS recorded 198.68 Mn transactions worth INR 2.06 Lakh Cr in June 2020, as against 166.68 Mn transactions worth INR 1.69 Lakh Cr in May 2020. TikTok Responds To India Ban Further two days after ban on 59 Chinese apps in India, including TikTok, the company said it has encountered an unfortunate challenge in the country and is working with stakeholders to address their concerns, chief executive Kevin Mayer said in a video townhall to employees in India.
The business productivity tools enable businesses to make complex tasks a simple one. Related Post: Best Productivity Tools Smart Entrepreneurs Use What are the best business productivity tools? Dropbox is one of the best business productivity tools for businesses that allow them to store important documents in a secure place.