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.
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.
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.
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.
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.