India’s OkCredit raises $67M to help small merchants digitize their bookkeeping – gpgmail

[ad_1] OKCredit, a Bangalore-based startup that enables small merchants to turn their bookkeeping digital, has raised $67 million to expand its business in the nation. The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new round, which follows Series A financing round in June this year, climbs […]

Nigerian online-only bank startup Kuda raises $1.6M – gpgmail

[ad_1] Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda […]

Mozilla launches a VPN, brings back the Firefox Test Pilot program – gpgmail

[ad_1] Mozilla today announced that it is bringing back the Firefox Test Pilot program to allow users to try out new features before they are ready for mainstream usage. While the name is familiar, though, the overall goals of the new program are a bit different from the last iteration and the focus is less […]

InMobi’s Glance raises $45M to expand outside of India – gpgmail

[ad_1] Glance, a subsidiary of Indian mobile ad business firm InMobi, said today it has raised $45 million as it prepares to scale its business outside of India and bulk up its product offerings. The unnamed, maiden financing round for Glance was funded by Mithril Capital, a growth stage investment firm co-founded by Silicon Valley […]

SimShine raises $8 million for home security cameras that use edge computing – gpgmail

[ad_1] SimShine, a computer vision startup based in Shenzhen, has raised $8 million in pre-Series A funding for SimCam, its line of home security cameras that use edge computing to keep data on-device. The funding was led by Cheetah Mobile, with participation from Skychee, Skyview Fund and Oak Pacific Investment. Earlier this year, SimShine raised […]

Paytm’s annual loss doubles to $549M – gpgmail

[ad_1] Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in the same period last year. During the same period, […]

Good Capital launches to close the funding gap for early-stage Indian startups – gpgmail

[ad_1] Rohan Malhotra and Arjun Malhotra left their jobs in London and Silicon Valley to explore opportunities in India in late 2013. A year later, the brothers launched Investopad to connect with local startup founders and product managers and built a community to exchange insight. Somewhere in the journey, they wrote early checks to social-commerce […]

India loses contact with spacecraft during historic moon landing attempt – gpgmail

[ad_1] India’s attempt to become the first nation to soft land a robotic spacecraft at the moon’s South Pole, an unexplored region, has ended in failure, the space agency said Saturday. Less than two miles above the lunar surface, the Vikram lander (named after Vikram Sarabhai, the father of India’s space program) lost communications with […]

Watch India’s Chandrayaan-2 make its historic moon landing attempt right here – gpgmail

[ad_1] It’s a big day for India’s highly audacious Chandrayaan-2 mission. The nation will attempt to land its lunar orbit on the moon’s surface shortly as it inches closer to become the fourth in the world to complete a successful lunar landing. ISRO, India’s equivalent of NASA, will be live streaming the landing on its website, […]

Xiaomi has shipped 100 million smartphones in India – gpgmail

[ad_1] Xiaomi said on Friday it has shipped over 100 million smartphones in India, its most important market, since beginning operations in the nation five years ago. The company cited figures from research firm IDC in its claim. The Chinese giant, which has held the top smartphone vendor position in India for eight straight quarters […]