The Indian IT industry’s apex body Nasscom Wednesday announced the virtual launch of its Launchpad in New Jersey that will provide a platform for member companies to explore opportunities to do business in New Jersey and the greater New York area.
As much as 90 percent of private equity and venture capital investors envisage a decline in fund-raising activities over the next six to 12 months because of the COVID-19 pandemic, according to a Crisil Research survey.
iNDICA NEWS BUREAU- Menlo Park-headquartered venture capital investor Sequoia Capital has received commitments totaling $1.35 billion from limited partners for two new India- and South-East Asia (SEA)-focused funds—a $525-million venture fund, and a $825-million growth fund. With this fund, Sequoia Capital’s total assets under management for India to an estimated $5.4 Bn, across the seven […]
Mumbai-headquartered managed hosting and multi-cloud hybrid IT solution provider Netmagic Solutions Tuesday announced its partnership with Google Cloud. The partnership will create a center of excellence that will enable their customers to accelerate their hybrid cloud journey.
Bengaluru-based edtech firm Unacademy Tuesday announced it will acquire PrepLadder, a leading Indian postgraduate medical entrance exam preparation platform, for $50 million.
IANS- The US House of Representatives Judiciary Committee will grill the CEOs of US tech giants Apple, Google, Facebook and Amazon during an antitrust hearing on July 27. Apple’s Tim Cook, Facebook’s Mark Zuckerberg, Alphabet’s Sundar Pichai and Amazon’s Jeff Bezos will testify before the antitrust panel that is working on proposals to reform and […]
The Internet and Mobile Association of India Monday launched a virtual incubator to empower tech startups from smaller towns and cities that have been hit by the pandemic. The IAMAI would provide an initial startup kit worth Rs 70 lakh ($93,810).
iNDICA NEWS BUREAU- India’s ban on 59 Chinese apps, including the popular TikTok app, has been widely noted in the US, including by some prominent lawmakers, who have urged the American government to follow suit as it is widely believed that the short video-sharing app is a major security risk to the country. On Monday, […]