Truecaller Buys Chillr & Other Startup News That You Need To Know


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

Truecaller buys Chillr, looks to expand digital payments services

Stockholm-based Truecaller, owned by True Software Scandinavia AB, on Wednesday acquired Mumbai-based mobile payments start-up Chillr (Backwater Technologies Pvt Ltd) for an undisclosed amount.

This is Truecaller’s first ever acquisition in the India market, according to a company statement. Both companies are backed by common investor Sequoia Capital.

Mumbai Angels Network invest in Hyderabad-based healthcare startup

The Mumbai Angels Network has announced an investment in Hyderabad-based medical diagnostic startup Theranosis Life Sciences.

Founded in 2016 by Dr. Shibichakravarthy Kannan and Dr. Vennila Dharman, Theranosis Life Sciences aims to explore non-invasive diagnostics for cancer patients and has patented a device that can reduce the need for surgical biopsies.


Pixr8 News raises ₹2.5 million in Seed Funding

Online Business Media Platform Pixr8 News has raised ₹25 lakh in Seed Funding. The media platform will use the fresh capital for expanding its customer base, acquiring readership and hiring new talent that could boost its market reach and business operations.

Pixr8 was founded by Nitish Singh in 2014. It is a digital media platform for Business and Startups & SMEs.

Network Intelligence gets Rs 33 crore funding from Helix

Network Intelligence, a cybersecurity services company, has raised Rs 33-crore funding from private equity firm Helix Investments. This round values the company in excess of Rs 155 crore. The funds will be used for product development and expanding operations to the US and Europe.

Network Intelligence offers assessment, advisory, remediation, training, and managed services to its clients. 

Today’s Take Away:

Entrepreneurship entails a lot of responsibilities and many a time, it might so happen that people will be misunderstanding your decisions. But that should never act as a deterrent. It should only strengthen your belief in yourself.

Jeff Bezos, CEO, Amazon says,

“Entrepreneurs must be willing to be misunderstood for long periods of time.”