Paytm Acquires Cube26 & Other Startup News That You Need To Know

204

Listed below are some of the major news of the startup sector, take a look to stay updated:

Paytm acquires Tiger Global-backed Cube26

Digital payments platform Paytm has acquired Tiger Global and Flipkart backed Cube 26 in order to introduce more social engagement features on its application.

Cube 26, formerly known as PredictGaze was founded by Abhilekh Agarwal, Akash Jain and Saurav Kumar in 2012. This tech-based startup primarily develops software which allows devices to recognize users, interpret human gestures and understand their emotions.

AYE Finance lands Rs 147 crore from CapitalG and others

CapitalG, the growth-stage investment arm of Google’s parent company Alphabet, has led a Rs 147 crore funding round in non-banking financial company (NBFC) AYE Finance, in the process marking its first bet in the Indian financial services sector.

The Series-C round of funding, which had Unitus Capital as the financial advisor to the transaction, saw CapitalG put in about Rs 81 crore in AYE Finance, with the latter’s existing set of backers, which includes stage and sector-agnostic investment firm LGT also participating.


 RELATED ARTICLES:


Google wants to train 8000 journalists with new tools to fight fake news

The Google News Initiative launched a training network in India to raise awareness against misinformation and provide new tools to journalists in their fight against fake news. The initiative will provide training to 8000 journalists in English and six other Indian languages in the next one year. For this, the Network will select 200 journalists from cities across India, who will hone their skills in verification and training during 5-day train-the-trainer boot camps that will be organised for English and six other Indian languages.

Chrysalis raises fresh funds

Chrysalis, an education services provider operated by EZ Vidya Pvt. Ltd has raised an undisclosed amount in fresh capital from two institutional investors.

The company said in a statement that Menterra Venture Advisors, a social impact-focused venture capital fund, and The Artha Initiative, an impact investment initiative associated with Switzerland-based Rianta Capital, had participated in the funding round.

Chennai-based Chrysalis will use the money for research and development. 


Today’s Take Away:

When should you start the hunt for a good team – this a question that pesters many entrepreneurs. Well, Ron Conway, Co-founder, SV Angel, has the answer to this. He says,

“As a founder, you have to build a team someday, so why not start the day you found the company?”