ASX-listed buy-now-pay-later Zip is ramping up its offshore presence in one of the world biggest markets, taking a US$50 million (A$70m) stake in Indian BNPL ZestMoney. The six-year-old Indian fintech is the country’s market leading BNPL, with more than 11 million registered users, more than 10,000 online merchants and 75,000-plus physical stores on its customer… Read more »
As the number of coronavirus in India surpassed 20 million this week, resulting in more than 220,000 deaths, a group of leading Australian tech and investment companies, led by Canva, have stepped in to launch a fundraising campaign to get much-needed medical supplies to the nation. Canva, in collaboration with SafetyCulture, Airtasker, Blackbird Ventures and… Read more »
Patient monitoring startup Digitology Healthtech raises $900,000 after the CEO used the medtech to save his own life
When Michael Koss landed in India last year to work on developing his joint venture Australian-Indian startup, Digitology Healthtech, little did he realise the important role the technology would play in his own health and saving his life. Koss is CEO of Health and Patient Services (HPS), which is developing the startup with Indian healthcare… Read more »
Demand.film, the Perth-based on-demand cinema startup currently trying to raise $2 million through crowdfunding, has signed a partnership deal to enter one of the world’s biggest movie markets: India. The agreement with Indian-based VKAAO takes Demand into its eighth market and the alliance adds a range of Indian films, from exclusive titles to classics, to… Read more »
Telstra is set to recruit 1,500 new staff in tech roles, to be sourced “where the best talent is available, both within and outside of Australia,” the company’s CEO Andy Penn announced yesterday.
It may have now amassed 100,000 customers around the world, enabled by a US$50 million Series E round raised in early 2015, but Australia has a special place in the heart of Chennai-based Freshdesk, with Western Australian Atwell College being its first paying customer. With Freshdesk, a company creating customer support and helpdesk solutions, having… Read more »
UNSW partners with India’s Tata Consultancy Services to collaborate across VR, robotics, and machine learning
UNSW has partnered with Indian IT services company Tata Consultancy Services to explore collaboration across areas including virtual reality, robotics, data analytics, and machine learning.
Australian edutech startup 40K Foundation has today announced it has received $250,000 in investment from Atlassian Foundation, the philanthropic arm of the tech giant. 40K Foundation was selected from over 100 international non-profits and is one of four startups receiving an accelerator grant and technical support from Atlassian.
Looking to further support and boost local businesses working in the B2C sector is Sydney startup InPin.biz. The startup is creating an online ecosystem for small businesses and diverse professionals to digitally market themselves.
SEEK’s $12.5 million stake in Babajob is just the first in what will be a number of cross-regional investments
India is attractive right now for investors. In the last 12 months, investment into India’s tech scene has increased threefold – it has become the world’s third largest startup ecosystem just behind the United States and United Kingdom, according to the 2014 National Association of Software and Services Companies (Nasscom) report. The same report also suggests that the number of startups in India will rise from around 3,100 currently to over 11,000 by 2020.
Indian startup Freshdesk has just announced a $50 million Series E round and plans to expand its operations in Australia.
Yesterday India based Helion Venture Partners made the announcement it has just launched a fourth fund worth US$300 million.
If you Google “startups” and virtually any city or nation in the world, you’ll inevitably find true believers insisting that such-and-such region is the new Silicon Valley. But when it comes to India, Asia’s third largest economy, the excitement from investors and entrepreneurs is real — and for good reason. [Source: Pando.com]
Melbourne startup ParentPaperwork, an online platform automating school-related paperwork like excursion permission slips, has signed an exclusive distribution deal with Indian company smartData Enterprises.