AI based security startup CloudSEK raises Rs14 crore from Exfinity Venture Partners, StartupXseed Ventures

CloudSEK, an information security risk management SaaS-based startup, has raised ₹14 crores in its pre-Series A investment led by Exfinity Venture Partners and StartupXseed. CloudSEK will leverage the freshly raised funds to evolve its flagship product XVigil, a unified risk management platform.

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Only 25% of Indian companies are successfully using innovation to unlock value : report

The research found that approximately one in four (25 percent) of Indian organizations surveyed are generating significant value from their innovation investments — and identified the innovation approach of these high-growth companies and what other companies can learn from them.

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Streamcast, BSNL in tech tie-up for digital services in Maharashtra state

Using Streamcast’s proprietary technology, the partnership enables delivery at ultra low bandwidth of a spectrum of high end triple-play digital services via the BSNL network (wired & wireless) to every part of Maharashtra

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AMETEK opens Technology Solutions Centre in Bangalore, invests $5.5 million

It invested $5.5 million in establishing the centre and expects it to be a great resource for its customers in designing new products, selecting the right equipment to meet their application needs, servicing and calibrating devices, and providing hands-on demonstrations and training.

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Eatigo receives follow-on investment from TripAdvisor

Mumbai: Eatigo, a restaurant reservation platform in Southeast Asia, has received a follow-on investment from its existing strategic investor TripAdvisor, bringing its total raise across all its investors to date to over US$25 million. The pre-series C investment for Eatigo comes as TripAdvisor’s restaurants business unit and its subsidiary, TheFork, look to help expand Eatigo’s presence and services across the Asia Pacific region. On the heels of a successful entry into Hong Kong, the Philippines, Malaysia and India in 2017, Eatigo will use the funds to launch in several more…

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Finzy achieves zero defaults in the first year of operations

Bangalore: Finzy, one of India’s top peer-to-peer (P2P) lending platform has successfully completed one year of its operations with zero customer defaults in its EMI repayments. The company doubled its loan disbursements in six months after setting up its operations in June last year, due to a surge in demand for loans. Finzy has been able to provide its lenders with an average of 15.5% interest per annum on their investments. This has led to a strong interest from existing lenders and a significant 42% of the lenders have re-invested…

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