Yandex acquires Acropol Bank for $14.7 million

Yandex has today announced the acquisition of 100% stakes of Acropol Bank for RUB 1.1 Billion (appx. $14.7 million). In a filing with the exchange, Yandex said, "The strategic rationale for the transaction is to obtain a banking license required to develop Yandex Fintech vertical and launch comprehensive digital finance products and services for our users and partners."  "As a result of the transaction, the

Hikvision completes major enhancements to its HikCentral Professional integrated security software

Leading video security solution provider Hikvision has announced the launch of newly updated HikCentral Professional 2.0 security software ("HCP 2.0"), which blends feeds from multiple systems onto a single platform.  "HCP 2.0 can be configured to link video security devices, alarm and access control systems, and more, including third-party systems through the OpenAPI – for easy centralized management of a

Decentro to offer banking API to ICICI Bank

Decentro, a full-stack API banking platform, has partnered with ICICI Bank, a leading private sector bank in India, to offer customized business banking APIs to fintech, startups, and corporates, and e-commerce companies.  "Through this partnership, Decentro has integrated ICICI Bank's seven business banking APIs from diverse categories like accounts, payments, and collections," Decentro in its statement said.

Times Music signs global licensing deal with Triller

India-based Music labels and publisher Times Music has signed a global licensing partnership with viral music video sharing app Triller. "The deal will allow users of Triller app to have access to Time Music's catalog of over 56,000 songs," the statement said. Speaking on the partnership, Mandar Thakur, COO, Times Music said, "Times Music's diverse catalog and its dominating position in the Punjabi and

ADV Partners, Premji Invest to acquire a majority stake in Micro Plastics

Asian private equity firm ADV Partners and Premji Invest have announced to acquire a majority stake in Bengaluru based plastic molding company Micro Plastics Private Limited (MPPL). "The investment will catalyze the next stage of MPPL's growth plans by supporting significant expansion and development of new manufacturing facilities to cater to increasing demand from customers," the statement said. "The

LEAD School raises $30 million in series D round

Mumbai based K-12 EdTech platform, LEAD School has raised $30 million in series D round funding led by GSV Ventures along with its existing investor WestBridge.  This funding round follows the Series C funding of $28 million led by WestBridge and Elevar Equity in August 2020 and the acquisition of student assessment startup QuizNext in December 2020. "The latest funding round will be used by the company to

TrulyMadly’s matchmaking engine to help COVID-19 patients find the right plasma donors

As the country records the highest number of daily COVID-19 cases in the world, the scarcity of oxygen and plasma among other resources has led to demand outstripping supply. In place of this, TrulyMadly, India based dating app, has deployed its matchmaking algorithm to help COVID patients match plasma donors with patients. The feature has been added to TrulyMadly's initiative Corona Clusters,

Here’s the List of Startups to Watch Out in Sports Tech

It is hard to imagine any aspect of our lives where technology hasn't brought about a paradigm shift. Sports is no exception and we have so far witnessed wide use of technology in broadcast and bringing sports closer to their fans. However, the last few years have seen intense activity wherein startups are redefining the experience for the fans, making sports safer and competitive for the sportsperson. From

Personal care brand WOW Skin Science raises $50 mn from ChrysCapital

Leading new-age personal care brand WOW Skin Science has raised $50 million from $50 million from ChrysCapital. In a statement issued, WOW Skin said, "ChrysCapital has agreed to invest $50 million in the company for a significant minority stake." "The transaction is a combination of a primary raise by the Company for growth initiatives, and a secondary sale by existing shareholders," the statement said. Founded in

335bazaar raises seed funding from Village Global

Delhi based online-offline fashion retail-tech platform 335bazaar has raised an undisclosed amount in series seed funding from Village Global, a venture fund backed by Bill Gates, Mark Zuckerberg, Jeff Bezos, and Reid Hoffman including few others. Speaking on the fundraise, Taponeel Mukherjee, Co-founder, 335bazaar says, "Our vision is to offer a Billion Indians a great shopping experience through the seamless

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