India’s fastest growing Identity Verification company Signzy partners with Apriori for data…

  • Signzy helps financial institutions make their digital regulatory processes simple, secure and compliant.
  • Signzy, India’s fastest growing identity verification startup has been always at the forefront by solving complex problems at the large scale for more than 100+ financial institutions in identity verification, fraud and risk mitigation domain with its innovative product offering.
  • Signzy has been recognized by MAS ( Monetary Authority of Singapore) amongst the top 9 Global Digital Financial Implementations companies in 2017 and RBI has awarded Signzy for being the most Innovative Payment system solution for 2016 and 2018.
  • Igor Kyrylenko, President of Apriori says, Aprori’s goal to promote the financial inclusion and financial empowerment of unbanked populations in emerging economies.

Read full article: medium.com

[YS Exclusive] Ola set to raise $2 billion; will focus on EVs, Foodpanda, and international markets

  • Ola has raised $74 million funding led by Steadview Capital as a part of a larger $2 billion round.
  • The fundraise makes it the second-highest-valued startup in India at a valuation of $6 billion.A highly placed source in Ola has exclusively confirmed to YourStory that it is raising $2 billion in funding at a valuation of $6 billion from existing and new investors.
  • The ride-hailing firm has already raised $74 million, led by Steadview Capital, as a part of this round.
  • The team claims to have over one million driver-partners in India and, on an aggregate basis, claims to serve as many as a billion rides annually through its platform.

Read full article: yourstory.com

Why RBI’s new tokenisation norms will attract Apple Pay, other global players to India

  • Tokenisation will level the playing field for global players and make it attractive for them to operate in India.
  • The world over, tokenisation has evolved to enable payments through connected devices and risk-based authentication.
  • Harshil MathurWhile card tokenisation has been in practice for some time in markets such as the US, Indian payment experts have been expecting this move ever since the RBI allowed card tokenisation for Samsung Pay as a one-off during its India launch in 2017.
  • Vinay Kalantri, Founder and Managing Director of tmw Pvt Ltd.
  • Automatic mandates were a big miss in the newer version of UPI launched last year.However, the RBI has presently mandated Additional Factor of Authentication (AFA) and PIN entry on tokenised cards.

Read full article: yourstory.com

WhereIsMyTransport to take on India, Latin America after $1.85m investment – Ventureburn

  • Cape Town and London-based mobility data startup WhereIsMyTransport has secured a $1.85-million investment as part of of its Series-A round in a deal led by Mexico City-based corporate venture capital fund LiiL Ventures .
  • Dutch impact investor Goodwell Investments also participated in the round.
  • Based on reported deals, business information platform Crunchbase estimates that — including this latest investment — WhereIsMyTransport has raised a total of $5.8-million in funding since launch.

Read full article: ventureburn.com

Co-living sector value in India to cross $2.2 bn by 2022: Study – News Today | First with the news

  • Chennai: The co-living sector in the country will be 20 times bigger by 2022 than it is today, with values reaching up to $2.2 billion, a study has said.
  • Today, the shared-living market, that offers private bedrooms with common shared areas like recreational rooms, stands at $120 million (Rs 845 crore), research and advisory firm RedSeer Consulting has said.
  • According to Redseer, two specific demographics who are away from home and face sky-high rents are subscribing to the upcoming trend – a white collar professional who comes to another city for a job and students who come to pursue degrees at a different place.
  • The post Co-living sector value in India to cross $2.2 bn by 2022: Study appeared first on News Today | First with the news.

Read full article: newstodaynet.com

IIT Student’s Low-Cost Solutions Can Turn Your Home Into a Fully Automated Smart One!

  • Enter Pranjal Kacholia, a third-year student of chemical engineering at IIT-Delhi, and his startup Eden Smart Homes, which has recently developed an indigenous and low-cost smart home system.
  • After several frustrating meetings with vendors who charged him anything between Rs 6-8 Lakh for a home automation system, he realised that this was an excellent business opportunity.
  • It’s imperative to understand where Eden Smart Homes stands compared to the other major players in the home automation market.
  • Existing players can only automate a home by either sourcing the technology from a foreign partner or installing additional switchboards after modifying the existing wiring system in a home.
  • These solutions entail additional costs in terms of either the licensing fee or modifying the wiring system.

Read full article: thebetterindia.com

How art, design and engineering can revitalise heritage: Manasi Prasad, Director, Indian Music Experience

  • In Part II of our photo essay on India’s first experiential museum on music, we showcase some more outstanding exhibits along with creative insights from the core team.PhotoSparks is a weekly feature from YourStory, with photographs that celebrate the spirit of creativity and innovation.
  • In the earlier 280 posts, we featured an art festival, cartoon gallery, world music festival, telecom expo, millets fair, climate change expo, wildlife conference, startup festival, Diwali rangoli, and jazz festival.The Indian Music Experience (IME), India’s first interactive music museum, is a vibrant music hub, providing visitors unique insights into India’s rich cultural heritage.
  • Jaishankar, Chairman and Managing Director of the Brigade Group.Located within the Brigade Millennium Enclave in JP Nagar, Bengaluru, IME houses three main sections — a state-of-the-art interactive Exhibit Area, a Sound Garden, and a Learning Centre (see Part I of our photo essay here).
  • The exhibits feature rare and precious memorabilia belonging to Bharat Ratna musicians — Bismillah Khan, Bhimsen Joshi and MS Subbulakshmi.
  • Subject matter experts on the curation team included musicologist Pappu Venugopala Rao, Jayant Kastuar (Kathak exponent and former secretary of Sangeet Natak Akademi), Rajiv Vijayakar (Hindi film journalist), Deepak Raja (musicologist), and Vikram Sampath (author and historian).

Read full article: yourstory.com

SA’s WhereIsMyTransport raises $1.85m, expands globally

  • South African public transport data and technology startup WhereIsMyTransport has secured US$1.85 million as part of its Series A funding round, and gone global by adding the first Indian, Southeast Asian and Latin American cities to its platform.
  • This investment has been secured as WhereIsMyTransport expands its digital mapping of formal and informal public transport networks into new emerging markets, including its first data collection projects in India and Latin America.
  • With the expansion into the Latin American market, facilitated by Liil Ventures, the company wrapped up 2018 with its biggest data collection project to date – collecting the world’s most complete dataset for integrated formal and informal public transport in the Mexico City metropolitan area.
  • Nadim Matuk Villazón, investment principal at Liil Ventures, said the investment firm was excited to back the startup and keep supporting resilience in emerging cities around the globe with reliable mobility data and technology.

Read full article: disrupt-africa.com

Reliance Jio turns to fintech with PoS devices; Zerodha becomes largest broker in India

  • This move by Reliance Jio comes at a time when card transactions in India are at a peak.Zerodha largest broker in IndiaBengaluru-based online stock trading startup Zerodha has emerged as the largest broker in India with the highest number of clients (8.47 lakh clients) as compared to traditional giants like ICICI Securities, HDFC Securities, Kotak Securities, Motilal Oswal, and Sharekhan.
  • Nithin Kamath, Founder & CEO, ZerodhaAmazon India hit by data breach, sellers’ financial data leaked A technical glitch seems to have exposed the private financial data of sellers and vendors on Amazon India.
  • Although the retail giant didn’t reveal the exact extent of the breach, their official statement said that the technical team had resolved the issue on Tuesday.
  • The latest funding will allow the company to increase its course offerings in high-demand subject areas such as data science, machine learning, blockchain and cybersecurity and to expand its language offerings to include Portuguese and Mandarin, in addition to English and Spanish.Capillary Technologies launches shopping app DealHuntCloud-based software solutions company Capillary Technologies has launched DealHunt, its first exclusive deals and coupons shopping app.
  • Deemed as a one-stop destination for offers and deals across various categories such as fashion, beauty, food, health, travel, and electronics, the app is available in Android version in Google Play Store.

Read full article: yourstory.com

India to focus on Deep Tech in 2019

  • In terms of venture capital investments, funding in business-to-business (B2B) startups had specially set new records in 2018.
  • Fewer rounds and bigger values also point to large deal sizes, as investors focus on a few winners from each segment.
  • Investors believe the rising interest in niche technology segments is driven by a growing talent pool.

Read full article: nextunicorn.ventures