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News on Medial
Social tech platform 1Bridge acquires tech assets of ecommerce network maker eSamudaay
Economic Times
·
1y ago
Medial
Social tech platform 1Bridge has acquired the technology assets of eSamudaay, a startup focused on building local ecommerce networks in smaller towns. Additionally, 1Bridge has raised Rs 4 crore in equity funding from C4D Partners, Sudhanva Dhananjaya Family Office, and other angel investors as part of a bridge round. This funding precedes a larger Series A capital raise of Rs 40 crore. The acquisition of eSamudaay's technology assets and the equity funding will help 1Bridge expand its digital commerce efforts in rural areas.
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Creativefuel acquires Miss Malini for Rs 6 Cr
YourStory
·
4m ago
Medial
Creativefuel is acquiring MissMalini Entertainment from the Good Glamm Group for Rs 6 crore. The deal includes MissMalini's domain and social media assets, while the talent management arm remains with Good Glamm. This move follows Good Glamm's recent divestments, including selling Sirona back to its founders and digital platform ScoopWhoop to WLDD, amid financial challenges. The company is considering selling stakes in other brands and seeking fresh funds due to liquidity issues and investor departures.
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Bharat Housing Network raises $14.5 Mn Series A led by Nabventures
Entrackr
·
1y ago
Medial
Bharat Housing Network, a tech platform for co-lending in affordable housing, has raised approximately $14.5 million in its Series A round. The funding was led by Nabventures Fund, with participation from other investors including Varanium NexGen Fund and 9Unicorns. The company plans to use the funds to grow its affordable mortgage assets and strengthen its technology platform. Bharat Housing Network aims to reach gross disbursements of $500 million in the next three years.
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Turkish PE Pragma acquires minority stake in cyber intelligence firm
VCCircle
·
8m ago
Medial
Private equity firm Pragma Capital Partners has acquired a minority stake in Threatmon, a cyber-threat intelligence firm. Threatmon's platform uses artificial intelligence to provide companies with intelligence on various areas of cybersecurity, including attack surfaces, fraud, and cyber threats. The investment from Pragma will support Threatmon's international growth plans, platform development, and product innovation. Pragma Capital Partners manages over $1 billion in assets and has a portfolio of seventeen companies. This investment is part of its focus on backing tech and industrial companies in Turkey.
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Entrepreneur Ajaita explains financial independence's importance from PM's handle
Inshorts
·
5m ago
Medial
Ajaita Shah, founder of Frontier Markets, an Indian social commerce platform that works for women to offer essential last-mile connection to rural households took over the social media account of PM Narendra Modi on Women's day. "A financially empowered woman is a confident decision-maker, independent thinker, architect of her own future and a maker of modern India," she said.
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ONDC logs meteoric rise; challenges are climbing fast too
Economic Times
·
1y ago
Medial
The Open Network for Digital Commerce (ONDC) saw a significant surge in transactions, reaching over 3.3 million cumulative transactions in September. This is a considerable increase from just 1,000 transactions in January. ONDC, a government-backed open platform for hyperlocal ecommerce, aims to decentralize ecommerce in India and promote the participation of small sellers and buyers. However, as the platform grows, it also faces numerous challenges.
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X changes its terms to bar training of AI models using its content | TechCrunch
TechCrunch
·
2m ago
Medial
Social network X has updated its developer agreement to prohibit the use of its content for training AI models. This step ensures that third parties cannot leverage the platform’s data for AI model training without permission. This change follows xAI's acquisition of X, reflecting a strategic move to protect its data assets. Similar measures have been adopted by other tech companies like Reddit and The Browser Company to restrict access for AI crawlers.
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Uniqus acquires Goodera’s ESG software
Livemint
·
1y ago
Medial
Consulting firm Uniqus Consultech Inc. has acquired specialized software from social impact startup Goodera to enhance its capabilities in the environmental, social, and governance (ESG) space. The software platform, now called ESG UniVerse, enables businesses to automate the collection, maintenance, and approval of ESG data to ensure accurate disclosures against global frameworks and standards. Uniqus aims to generate around $2 million in revenue from the platform by fiscal year 2025. The company is also investing in AI-enabled features and smart search capabilities for the platform. The acquisition aligns with the growing focus on ESG goals globally.
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ONDC’s first buyer side logistics app to fix a big gripe
Economic Times
·
1y ago
Medial
The government-supported ecommerce network, Open Network for Digital Commerce (ONDC), has approved its first buyer-side logistics app, MP2 Innovations. The app aims to address delivery challenges faced by ONDC participants by allowing them to access various delivery fleets through a single API. MP2 Innovations has partnered with logistics companies such as Loadshare and Zypp and plans to go live on the ONDC network soon. This move is expected to improve the ecommerce experience on ONDC and attract more prominent players to integrate with the platform.
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Elon Musk believes, “There are no great social networks.” Aims to build the best
Livemint
·
1y ago
Medial
Elon Musk tweeted that there are currently no outstanding social networks, expressing his commitment to creating an exceptional platform. He acknowledged the possibility of failure but emphasized their dedication to making a great social network. Musk also announced the removal of the tweet-blocking feature on his social media platform, X, despite facing criticism. He defended the move, reiterating the goal of building a great network, even in the face of potential setbacks.
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Tech Mahindra partners with Belgium-based Proximus to launch 'Tech Hub'; Key things to know
IndianStartupNews
·
1y ago
Medial
Indian technology firm Tech Mahindra has collaborated with Belgian digital services provider Proximus to create a technology platform called 'Tech Hub'. The platform aims to offer next-generation connectivity solutions across various segments, such as business-to-consumer (B2C), business-to-business (B2B), and business-to-business-to-any (B2B2X). It aims to provide a digital-first approach for exploring, purchasing, and activating services, similar to leading cloud platforms. The partnership will leverage Tech Mahindra's telecom expertise, 5G capabilities, AI proficiency, and IT services, along with Proximus's superior fiber/5G network and software assets, to enhance customer experience and drive business growth. The 'Tech Hub' platform, powered by Comviva BlueMarble, will offer a secure and scalable solution for onboarding and activating a wide range of digital offerings.
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