Uganda’s parliament has passed a law to tax those who use social media platforms like Facebook, Twitter, Viber, and WhatsApp, as reported by BBC. The law imposes a 200 shilling [$0.05, £0.04] daily levy on people using internet messaging platforms. President Yoweri Museveni had pushed for the changes, arguing that social media encouraged gossip. The… Read More »
Singapore-based crypto-finance start-up FUSION has secured $12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization’s public blockchain platform Reuters reported June 1. The secured funds come from FormulA, Carnex, and KuaiLaiCai, three companies operating in asset management, car financing, and restaurant supply chain management,… Read More »
CoinTribe, a credit-based lending marketplace for small and medium enterprises (SMEs), has raised over $10 million (Rs 67 crore) in a Series B funding round led by India-centric mid-market private equity firm Sabre Partners, a company statement said. Existing investor Puneet Dalmia, who is known for his investments in startups like LocalCircles, Buildzar, and JetSetGo… Read More »
ForwardX, a luggage manufacturer, has raised $10 million in financing. Its soon-to-debut Ovis brand luggage uses cameras and object-recognition software to follow a traveler around, by their side, like a dog. CDH Venture and Eastern Bell Venture Capital led the round. The company, founded in late 2016 in Beijing, China, separately raised $1 million from… Read More »
A Cayman Islands start-up has raised $4 billion as of Thursday, eclipsing the world’s biggest initial public offerings on stock exchanges this year. But its flagship product is not even live yet. Headed by 31-year-old Hong Kong-based CEO Brendan Blumer, Block.one is funding its blockchain platform called eos.ios through a process known as an initial… Read More »
FarmGuide is not working towards a solution to address just one aspect of the agri-supply like other agri-tech companies rather we are targeting to make the entire business of agriculture from seed-to-sale more efficient and profitable for the producers – farmers. We had a chance tot alk to Vishal Menon of FarmGuide. This is what… Read More »
Every business owner who’s ever tried starting a blog has experienced the frustration of trying to gain readership. We’d all like it if readers just magically came to us, the reality is, it takes time and work to build an audience. It’s easy to get frustrated and just give up on blogging –and most of… Read More »
Chinese facial recognition startup SenseTime, which is billed as the world’s highest-valued AI company with a valuation of over $4.5 billion has announced it has raised $620 million in a second round of funding in just two months. The company raised $600 million in an Alibaba-led financing round announced last month, and now it has… Read More »
Electric scooter startup Bird has raised $150 million in a series C funding round led by Sequoia Capital, which left the company at $1 billion valuation. A billion-dollar valuation would place Bird at the forefront of an industry where it faces challenges from major players. Bird is less than a year old, and it is… Read More »
On Teusday, Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. Jetlore, which was founded in January 2011 by students from Stanford University’s computer science program, leverages machine learning to deliver “personalized” experiences from retail chains like Uniqlo and Nordstrom Rack. The startup’s… Read More »
