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SAIF Partners rebrands as Elevation Capital, locks seventh stage fund at $400 mn

Asia based venture capital firm SAIF Partners on Tuesday announced that "It has rebranded itself as Elevation Capital and has also closed early-stage fund of $400 million." In a statement issued, SAIF Partners said, "For Elevation, the commitment to founders is reflected through deep conviction and not making competing investments. Elevation believes in partnering all in with empathy, trust, and unflinching

Snapdeal’s seller records 65% of orders from small cities

The spread and connect of e-commerce beyond the top metro cities is evident not only from the buyers’ side, but increasingly also from the sellers’ side too. Half-way into its first Diwali Sale (16-20 October), Snapdeal, India’s leading value-focused online marketplace, has shared that 65% of the orders placed in the sale so far have been received by sellers located beyond the top 5 metropolitan areas of the

MION, Lablup, MARVRUS and three other software startups to represent Korea at Slush 2020

Startups with new technologies and innovative platforms that are from Korea will participate in Slush. Node by Slush is a curated community that connects startups with investors, partners, and mentors. Due to the COVID-19, Slush is held virtually in Helsinki. The Korea national pavilion supports the promising 7 Korean startups to feature their advanced technologies and platforms in Slush, which is organized to

IDBI Bank launches WhatsApp banking services for its customers

India based private sector bank, IDBI bank on Friday announced the launch of its 24x7 WhatsApp banking services for its customers. The bank in its statement said, "The launch of WhatsApp Banking services is a part of a sustained initiative the bank has taken to enable the customers to access banking services remotely at their convenience. The service will be offered through a dedicated WhatsApp verified number

Yandex terminates merger discussions with Tinkoff Group

Europe's largest internet company, Yandex N.V. on Friday said, "The company has mutually agreed to terminate its discussion regarding a possible offer for TCS Group Holding PLC (Tinkoff), which was previously announced on September 22, 2020." In a statement issued, Yandex said, "We regret to confirm that as it has not been able to agree with definitive transaction terms with Tinkoff Shareholders, and according to

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KwiK.ID completes 1,00,000 video based KYC sessions in six month

India's leading AI-enabled video KYC solution provider, KwiK.ID on Thursday said, "It has crossed over 1,00,000 successful video KYC sessions since February 2020, with an 80% user rating and overall NPS score of 90." In a statement issued, KwiK.ID said, "Since, the pandemic has shattered in-person customer identification to a large extent over various sectors of customer onboarding. The company has witnessed a

PwC India names Sanjeev Krishan as its new chairman

Sanjeev Krishan has been appointed as the new Chairman of PwC in India for a four-year term commencing on 1 January 2021. Sanjeev succeeds Shyamal Mukherjee, the current Chairman, who will step down on 31 December 2020 at the completion of his term.  Speaking on the appointment of Sanjeev Krishan, Shyamal Mukherjee said, “Sanjeev’s deep understanding of the firm and the Indian market, and his tremendous passion

ICICI Bank customers can now open FD, Pay bills, and access details of trade finance on WhatsApp

India's leading private sector bank, ICICI Bank has today announced the launch of its new services, that enables its customers to create a fixed deposit (FD), Pay utility bills, and access details of trade finance instantly on WhatsApp. The bank in its statement said, "Retail customers can now create FDs, pay bills for electricity, cooking gas and postpaid mobile phones simply in a few clicks through WhatsApp.

Education: Edureka partners with premium institutions for an advanced executive certification course

Edureka, a leading global online platform for niche, trending technology skills reaffirmed its commitment to skilling and career development during the current pandemic, announcing a slew of new additional courses in cloud computing, cyber security, and digital marketing, under its Advanced Executive Certification Programme.  The program is a first of its kind, providing online higher education for technology

Interview: “As like cricketers, Startups is born in every gali of India,” Says Devansh Lakhani, Director of Lakhani Financial…

In an interview with TechGraph, Devansh Lakhani - Director of Lakhani Financial Services said, "What I can tell you from working with multiple startups is that how cricketers are there in every gali of India, a startup is born in every gali in India daily." Here's an excerpt: TechGraph: Before, we start the interview. Could you let our audience know more about Lakhani Financial Services? Devansh Lakhani: