- No timeline was promised by Pon Radhakrishnan, the Minister of State Finance, for enacting legislation, even in the December 28, 2018 meeting.
- The Indian Government and the domestic cryptocurrency exchanges had always been at odds with each other regarding the regulation of cryptocurrency in India.
- Not only that, the government doesn’t even have any concrete plans regarding a timeline for finalizing the rules.
- Meanwhile, the Supreme court had ordered the government to submit a report on the findings of the government’s virtual currency panel that was formed in December 2017.
Read full article: cryptoslate.com
- Private equity (PE) investments in India have touched the highest ever figure of $33.1 billion in 2018, across 720 transactions, with big ticket investments in consumer apps Swiggy and Byju’s adding glitter to the deal chart in the fag end of the year.
- While PE investments had surpassed the previous high of $24.3 billion across 734 deals in 2017, in the first nine months of 2018 itself, the mega investments in startups such as Swiggy and Byju’s towards the year-end, helped the 2018 total vault by 36% year-on-year, according to data from Venture Intelligence, a Chennai-based research service focused on private company financials, transactions and their valuations.
- The year witnessed 81 PE investments worth $100 million or more, accounting for 77% of the total investment value during the period, compared to 47 such transactions in 2017.
- Paytm raised $445 million from SoftBank and Alibaba for its e-commerce business, Paytm Mall and $356 million from Berkshire Hathaway at the parent company, One 97 Communications, level.
Read full article: financialexpress.com
- According to Robi Cai, the company’s former head of corporate strategy and development from September 2016 through June 2018, earlier this year Eleven James tried to raise additional funds to allow them to continue operating.
- When the company was unable to raise said funds, the company’s main lender pulled its existing line of credit, causing the company’s management and board to begin winding down operations around the middle of June 2018.
- In the last few months, startups have shuttered for reasons ranging from the conventional (Doppler struggled to raise capital to support the production of a complex hardware product), to the regulatory (Coinprism’s CEO cited concerns about the regulatory future of the cryptocurrency space), to the unexpected (connected wine bottle startup Kuvée ran into trouble following fires in Napa Valley).
- Lacking a critical audience size, we struggled to attract direct advertisers to help offset our infrastructure costs, leaving few resources to spend on product innovation and attracting new audience.
- To put it simply, over the past months, we took hundreds of meetings in an attempt to secure the necessary capital to continue running our business and build our next product — which would have been a true alternative to traditional hearing aids.
- Driven by the desire to hit significant numbers to prove the road for future fundraising and encouraged by our great initial traction in the student market, we embarked on significant work developing paid marketing channels and distribution channels that we could use to demonstrate scalable customer acquisition.
Read full article: cbinsights.com
- While PE investments in 2018 surpassed the previous high of $24.3 billion across 734 deals in 2017 — in the first nine months of 2018, the mega investments in consumer Internet and mobile start-ups such as Swiggy and Byju’s towards the year-end helped the 2018 total vault by 36 per cent year-on-year, says a release from Venture Intelligence.
- The year witnessed 81 PE investments worth $100 million or more, accounting for 77 per cent of the total investment value during the year against 47 such transactions in 2017.
- Of these, 40 were larger than $200 million each (by themselves accounting for 60 per cent of the total value), compared to 30 such investments in the year-ago period, the data said.
- Food delivery company Swiggy had started the year with a $100-million investment led by Naspers, followed by mid-year $210-million raise (co-led by Naspers and DST Global), and rounded off with a $1-billion investment (led by Naspers and Tencent).
Read full article: thehindubusinessline.com
- AI Saw A Sharp Increase In The Field Of Healthcare, Especially Radiology
- Chatbots And Robots
- AI And Facial Recognition
- AI In Areas That Were Never Explored Before, Such As Emotion And Habit
- Self Driving Initiatives In India
- AI In Agriculture
- AI Dealing With The Fake Videos And Fake News
Read full article: analyticsindiamag.com
- From a Rs 10 device that allows women to avoid UTI by standing and peeing, to the machine that could filter 90,000 litres of water in six months without electricity, here are our top ten picks for 2018’s coolest Indian inventions!
- During KumbhaThon, an event organised in 2014 to develop ideas and innovations that could help Nashik during the mega event, Nilay wanted to work towards addressing the problem of crowd flow and human safety.
- Mumbai Kids Build Unique Machine That Turns Banana Leaf Into Food Packaging!
- While other agricultural residues like wheat straw and bagasse have uses, paddy straw remains unexplored as an industrial raw material or even cattle feed.
- They have developed a process which converts paddy straw (agro-residue in general) into different grades of pulp, which can later be used as raw material for various end-applications like making paper, biodegradable tableware, fabric, bioethanol etc.
- A low-cost water filter, it can filter 90,000 litres of water in six months and uses no electricity!
Read full article: thebetterindia.com
- At present, ICOBox is focused on becoming the leader in the emerging and promising STO and CTO markets.
- In Q3 and Q4 2018 ICOBox helped 15 projects collect more than $45 million via their ICOs.
- ICOBox is currently working with companies from all over the world, including the United States, Great Britain, Japan, Germany, Russia, Brazil, Netherlands, India, and even such exotic countries as Namibia.
Read full article: medium.com
- That someone with experience in the game wants to willingly get back into the fray shows signs of a growing and maturing startup ecosystem, say founders and investors alike.
- Also, since they have a wealth of experience starting, running, exiting or shutting down a startup, it makes setting up a business, hiring talent and even getting funding slightly easier.
- Returning entrepreneurs have lived the cycle of trouble before and with them being willing to put their all back in the game, there are many cheering them on.
Read full article: yourstory.com
- YourStory presents a list of inspiring stories that grabbed eyeballs and showed a ray of hope to readers across the country. 2018 has come to an end, and here is a toast to stories that showed the bes
Read full article: yourstory.com
- Walmart acquires Flipkart; eBay India shuts down for good
- Amazon invests in India
- The new unicorn in ecommerce – this time in B2B
- Sachin Bansal and Binny Bansal leave Flipkart
- Big basket funding and acquisitions
- More money flows into Flipkart
Read full article: yourstory.com