India calls cryptocurrencies totally illegal. – Coinnounce (coinnounce.com)

  • Indian authorities have expanded their investigation of crypto-related businesses in the nation as they supposedly brought down India’s first Bitcoin ATM (BTM) – which had been introduced by nearby digital resource exchange, Unocoin.
  • South East Asian country of Vietnam has found new economic-technology aspirations with Blockchain Technology and its egalitarian philosophy.
  • In a bid to hyperbolically arrive at the new age decentralized ledger technology economics, the government has constituted a development firm called Viettel Enterprise Solutions Corporation to build solutions on the new technology platform.
  • The new company operates under the aegis’s of the country’s largest telecom player, Viettel Group and has already proved its mettle by building a futuristic decentralized hospital blockchain platform.
  • The government’s policy to use blockchain technology to empower itself has led to a localized solution building brand – Blockchain at Viettel.
  • Currently, Viettel Enterprise Solutions Corporation has set up the commercial network for such action.

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  • Bengaluru-based edtech startup Unacademy has announced the acquisition of Jaipur-based online education and career portal, WifiStudy, for an undisclosed amount in a cash and stock deal.
  • The startup boasts of having over 4.5 Mn subscribers on its youtube channel, with 70 Mn monthly views.
  • Bengaluru-based edtech startup Unacademy was launched by Gaurav Munjal, Roman Saini, Hemesh Singh, and Sachin Gupta in 2011.
  • The post Unacademy Acquires Jaipur Edtech Startup WifiStudy appeared first on Inc42 Media.

Top tech startup news stories you need to know this Friday, October 26 (techstartups.com)

  • Innovusion raises $30 million in Series A Round and starts shipping the world’s first image-grade LiDAR system for autonomous vehicles.
  • China’s NIO co-led a $30 million Series A investment in Los Altos-based LiDAR startup Innovusion .
  • Founded in 2016, Innovusion is a leading developer of LiDAR technology for the autonomous vehicle markets, today announced it has raised about US $30 million in Series A funding, co-led by NIO Capital and Eight Roads Ventures in China, and F-Prime Capital in the U.S., in addition to seed round from Gaorong Capital and other strategic investors.
  • Robotics startup UFactory raises over $600,000 for industrial robotic arm on Kickstarter.
  • German online travel-booking startup GoEuro raises $150 million for transportation search.

How the ShelterTech Accelerator Programme is helping startups solve India’s affordable housing challenge (yourstory.com)

  • This housing deficit is both quantitative – as new homes need to be built – and qualitative – as existing homes need to be repaired.In order to create a significant impact, innovative ideas are needed, besides state and central government programmes.
  • It is this set of startups and entrepreneurs – with disruptive solutions for low-income housing – that the ShelterTech Accelerator plans to identify and support.Helping startups scale in the affordable housing sectorShelterTech Accelerator is a year-long initiative that focuses on identifying, nurturing and accelerating startups and early-stage companies that are addressing the challenges in the affordable housing sector.
  • Some of the possible areas they can begin to tackle are land titling and construction permissions, technology and new materials, labour productivity and quality, home productivity and livability, design and engineering services, alternative housing solutions, and many others.Apply for the accelerator programmeShelterTech Accelerator is designed as a two-batch programme.
  • If you are a startup or a strong team working on solutions that can solve challenges in the affordable housing segment or in core segments adjacent to affordable housing, you can take part in the programme.

Online grocer BigBasket believes morning milk delivery segment will increase revenues – Firstpost (www.firstpost.com)

  • Leading online grocer BigBasket which recently entered the morning milk-delivery segment is expecting the division to grow ten times by March, according to a media report.
  • Menon told the newspaper that morning deliveries are currently available on a separate app and the company is planning to integrate this service into the main BigBasket app.
  • Last week, BigBasket acquired subscription-based e-grocery startup RainCan in order to strengthen its micro-delivery operations, VCCircle reported.

India FinTech Awards 2018: Top 20 Startups (gomedici.com)

  • The India FinTech Awards (IFTA) is a platform to celebrate and recognize the best innovations from FinTech companies.
  • The India FinTech Forum aims to position the FinTech community in India as a global leader in innovation and entrepreneurship through the India FinTech Awards (IFTA).
  • Hydrogen is a decentralized ecosystem for financial services that combines artificial intelligence, record keeping, authentication, payments, and identity services.
  • The company offers APIs for Core Digital Infrastructures like authentication, client onboarding, data & document storage, client support, marketing, etc. iProov provides an identity verification platform for users online; it helps in spoof prevention by using advanced deep learning technologies.
  • Ocrolus is a SaaS-based platform that analyzes financial documents like bank statements, loan applications, tax documents, pay stubs, etc., for organizations.

UberEats steps up its game in India with a tie-up with Café Coffee Day (qz.com)

  • In a first-of-its-kind tie-up, UberEats, the ride-hailing company’s food delivery arm, has partnered with India’s largest coffee chain, Café Coffee Day (CCD), to open virtual kitchens at the latter’s existing restaurants, the two companies announced today (Oct.
  • The chain will now use these to launch sub-brands purely hosted on the Uber Eats app.
  • With the Uber Eats tie-up, CCD will now host the largest virtual restaurant chain.

Vietnam in the cusp of Crypto economy transition: Viettel Group to build blockchain solutions – Coinnounce (coinnounce.com)

  • South East Asian country of Vietnam has found new economic-technology aspirations with Blockchain Technology and its egalitarian philosophy.
  • In a bid to hyperbolically arrive at the new age decentralized ledger technology economics, the government has constituted a development firm called Viettel Enterprise Solutions Corporation to build solutions on the new technology platform.
  • The new company operates under the aegis’s of the country’s largest telecom player, Viettel Group and has already proved its mettle by building a futuristic decentralized hospital blockchain platform.
  • The government’s policy to use blockchain technology to empower itself has led to a localized solution building brand – Blockchain at Viettel.
  • Currently, Viettel Enterprise Solutions Corporation has set up the commercial network for such action.
  • The central bank of India, RBI had in September last applied stringent rules disallowing affiliated banks from supporting crypto transactions.

Over 1,200 startups enter ecosystem in 2018 registering 108% growth; total funding rises to $4.2 billion in 2018: NASSCOM – Firstpost (www.firstpost.com)

  • Bengaluru: Startups in India saw a 108 percent growth in total funding from $2 billion in 2017 to $4.2 billion this year, National Association of Software and Services Companies (NASSCOM) said Thursday.
  • The worrying factor, however, was the decline in funding for companies at the seed stage, NASSCOM said.
  • There was 120 percent funding growth for AI startups with $150 million investments made in this field in 2018.
  • The report said more than 400 plus startups expanded globally including travel and hospitality company Oyo, cab aggregator Ola, edutech Byju’s, Zomato and Wittyfeed.