ElasticRun has raised $75 mn, in a round jointly led by existing investors Avataar Ventures and Prosus Ventures. Kalaari Capital, another existing investor, also participated. The four-year-old startup, to-date, has raised $130.5 mn. ElasticRun operates in 300 cities with over 125,000 neighborhood stores. The Pune, India-based start-up plans to reach 1 mn stores in the next two years, Shitiz Bansal, co-founder and CTO of ElasticRun, told to TechCrunch.
US-based AI firm Nuance Communications, which was acquired by Microsoft for $19.7 bn on Monday, has over 10% of its 7,100 employees in India. Its offices in Pune and Bengaluru provide transcription, editing services and does R&D work. Nuance has 1,600 employees across the globe in transcription and editing services. The Massachusetts-based tech firm, recently, has launched a transcription engine in Hindi and Indian English.
Bangalore, India based social commerce startup Meesho has raised $300 mn in a round led by SoftBank Vision Fund 2. The new round, which also included existing investors Facebook, Prosus Ventures, Shunwei Capital, Venture Highway and Knollwood Investment, values the five-year-old startup at $2.1 bn. The firm operates an online marketplace that connects buyers and sellers on WhatsApp, Facebook and Instagram and has a network of 13 mn entrepreneurs, mostly women.
Amazon’s food delivery service, Amazon Foods has expanded operations in 62 zip codes in Bangalore. It is the first public update since entering the new category in India last May. The service has now reached key localities in Bangalore such as Whitefield, Sarjapur, Koramangala, etc. Amazon Foods was launched in May last year and served in four zip codes only. The company is trying to undercut its competition companies that are already heavily funded.
Phable, a health tech-startup serving patients with chronic illnesses in India, has raised $12 mn. Manipal Hospitals led the round with the participation of existing investor SOSV. The Bangalore-based startup automatically collects patients’ data so that doctors can keep track of their progress. The app also enables patients to share what medicine they are taking, and the frequency of intake. The startup aims to on-board 5 mn patients and 35,000 doctors by end of 2021.
Paytm is inviting applications for general and design internships for 8-16 weeks at Noida or Bangalore. The company is “always looking for innovative intern” who can understand problems and develop efficient answers for them. The interns will work with Paytm core design team on various products and services. This includes wallet, payments bank, movies & entertainment, travel, insurance, shopping, chat etc. They’ll also learn to work with new technologies.
Mumbai recorded maximum number (2,527) of cybercrime cases in 2019, after Bengaluru (10,555). Experts believe that the number should be much more than 2.5K but out of 50 complaints filed by the victims only 2 are converted into FIRs. The state-wise data labels Maharashtra to be at the 3rd place with 4,967 cases in 2019, preceded by UP with 11,416 cases and Karnataka with 12,020 cases. The Maharashtra cyber cell is constantly cyber awareness in the state.
Uber Technologies said that it will recruit 140 engineers for its tech teams in Bangalore and Hyderabad. With the new hires, the company will strengthen services in areas such as rider and driver growth, delivery, marketplace, customer service, digital payment, risk and compliance, safety and finance technology, said a statement. They’re looking for tech-enthusiast engineers who are passionate about complex problem-solving in mobility and delivery space.
Zoom is planning to hire engineers in various tech domains. The company’s website listed the following job opportunities: 1. XMPP DevOps Engineer vacancy – 3+ years’ experience in DevOps/Site Reliability Engineering role etc. 2. 3 Web DevOps Engineer vacancies – 3+ years’ experience, in-depth knowledge of Linux: RedHat, CentOS, Debian etc. 3. 2 Network Engineer vacancies – internet routing protocols knowledge, BGP, OSPF, ECMP, MPLS etc 4. System administrator.