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Wipro invests $1.5 Million in Israeli cybersecurity startup Intsights

August 19, 2016

Software services firm Wipro Ltd has invested INR 10 crore In Israeli cybersecurity startup Intsights Cyber Intelligence Ltd. Wipro will get a minority stake less than 20% in Intsights. Intsights provides cybersecurity solutions to organisations and claims to specialise in intelligence-driven solutions. The company offers a subscription-based service to detect potential cyberattacks and provide advance warning.

Read more - http://www.vccircle.com/news/technology/2016/08/18/wipro-invests-15-mn-israeli-cybersecurity-startup-intsights

Aspire Systems invests in startup Ziffity

August 19, 2016

Technology services company Aspire Systems announced investment in Ziffity, a Chennai-based digital agency focused on e-commerce solutions spanning technology, creative design and digital marketing space. The investment is in line with Aspire’s aim of providing e-commerce, digital marketing solutions and strategy consulting for the retail sector.

Read more - http://economictimes.indiatimes.com/articleshow/53755063.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Alibaba has held talks to acquire Shopclues; may merge it with Paytm’s marketplace

August 18, 2016

Chinese internet behemoth Alibaba, which aims to enter the domestic e-commerce market by early next year, has held discussions to acquire online marketplace ShopClues, which is valued at over $1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival ShopClues, as it is prospecting several acquisition targets to firm up an India entry against rival Amazon.

Read more - http://timesofindia.indiatimes.com/business/india-business/Alibaba-eyes-deal-with-ShopClues/articleshow/53748099.cms

Zerodha’s Rainmatter invests Rs 2.5 crore in e-signing platform Digio

August 18, 2016

Online discount firm Zerodha has invested through its in-house incubator and fund Rainmatter in financial technology digital signature enabling platform Digio. The funding will be utilized for hiring purposes and for operational activities over the next 12-14 months.

Read more - http://tech.economictimes.indiatimes.com/news/startups/zerodhas-rainmatter-invests-rs-2-5-crore-in-e-signing-platform-digio/53749699

Farm-produce retailer SunnyBee raises INR 4.5 Crore from CavinKare founder, others

August 18, 2016

SunnyBee, a Chennai-based farm fresh produce retailer, has raised approx $672K from a clutch of high-profile angel investors, led by personal care products major CavinKare’s founder C K Ranganathan. As per the deal, the company allotted 1,500 0.001% compulsory convertible preference shares (CCPS) at Rs 30,000 each to the investors.

Read more - http://www.vccircle.com/news/retail/2016/08/17/exclusive-farm-produce-retailer-sunnybee-raises-funding-cavinkare-s-founder

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