IndianWeb2

Suman Chaudhary

An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

California, US-based Mithril Capital Management LLC, an investment firm founded by Peter Thiel and Ajay Royan, has led a $140 million (~ Rs. 1,010 crores) Series C funding of Gurgaon-based robotics startup Grey Orange, making it the biggest fundraise by an Indian hardware startup to date. Flipkart co-founder Binny...
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Indian IT multinational firm Tech Mahindra has announced a global strategic partnership with californi-based Avaamo, a leader in conversational artificial intelligence (AI) founded by Indian-origin entrepreneurs. The partnership between the two include developing and delivering conversational AI solutions for global enterprises. Conversational AI is essentially an evolved version of chatbots...

Soon within a day after e-commerce giant Amazon launched its website and app in Hindi language, PaisaDukan, a Mumbai-headquartered P2P Lending platform today announced launch of its web portal in Hindi and becomes the first major P2P lending operator to offer loan & investment services in Hindi. The...

AnitaB.org India, a non-profit organization focused on the advancement of women in technology today announced the 8th edition of the Women Entrepreneur Quest (WEQ) 2018. This unique contest is for women entrepreneurs with technology startups in India. The Top 10 winners of WEQ 2018 will each receive an all-expenses-paid...

L&T Technology Services Limited, a leading global pure-play engineering services company and subsidiary of Larsen & Toubro Limited, has acquired 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited ('Graphene') by way of an all cash deal. The transaction is expected to be consummated by October 2018. The financials of...
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Despite distrust of cryptocurrency in several countries across the globe, Ethereum, which is an open-source, public, blockchain-based distributed computing platform and OS, has received backing from none other than search giant Google, as the Google Cloud team has officially incorporated the Ethereum (ETH) dataset in BigQuery, a cloud-based big...

Chennai and California, US-based artificial Intelligence (AI) powered retail technology startup, Mad Street Den, has received strategic investment from KIDDI Corporation of Tokyo, Japan. The funds have been routed through KIDDI’s investment arm, KDDI Open Innovation Fund 2, managed by Global Brain. The financials of the investment was not...
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Two US-based technology startups - Aeris and Hello Tractor, have partnered to launch an ‘Uber’-like tractor leasing services in India an ASEAN region. Established in 1992, Aeris is California-based IoT startup while Hello Tractor is a 4-years-old technology company that promotes tractor co-sharing throughout African agricultural communities. Together, these firms will...

In an era when enterprises always have to grapple with processing large amount of information through big data technology, security has emerged as the most important measure to accomplish their goals. Against this backdrop, software-defined networking is turning concern about security in the cloud on its head, enabling a...

In March, a report by IAMAI and Kantar IMRB said that 205 million new internet users would come online if content is available in regional Indian languages, which will be key motivation of using internet for people who are not using it. Nobody in the industry took it seriously...