09/05/2019 Newsletter

Funding News

TVS Motor Company has invested $3.85 Million in Bengaluru based-TagBox, a supply chain industrial internet of things (IIoT) and machine learning platform company as part of its Series A funding round. The round was entirely led by TVS Motor Company and its Singapore based Subsidiary, TVS Motor (Singapore) Pte.
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Bengaluru-based HR tech startup Skillenza has announced that it has raised $1 million in a pre-Series A round led by CBA Capital’s Education Catalyst Fund (ECF). Existing investors Blume Ventures and Tracxn Labs have also invested along with Let’sVenture, CIO Angel Network, Keiretsu Forum, and Hyderabad Angels.
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Other NewsStartups have begun upskilling employees to retain key talent, reduce expensive hires and increase the output of average performers. This trend, earlier visible among large IT firms struggling to keep senior workforce up to date with newer technologies, has caught on with both unicorns and early-stage startups in metros as well as smaller towns.
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Fintech, long a buzzword in banking, has reached the shores of insurance companies who are lobbying the regulator to have a bigger say in stakeholding. Insurance companies want to own and nurture startups with 100% stake from the current 10% cap the regulator has put on holding.
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