The Seattle-based company says the service is highly secure, and uses algorithms and hardware to create a person’s unique palm signature. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Amazon has introduced a new biometric system that will allow people to use … Read more
Remote fundraising has become common for startups as the coronavirus pandemic continues to restrict the ability to travel and take meetings in person. Usually, founders and executives pitch prospective investors for funding at swanky city offices before an investment committee makes a decision. Subsequently, there is a lengthy due diligence process, technical and market questions, … Read more
Online education startup Byju’s on Tuesday said BlackRock, Sands Capital and Alkeon Capital have joined as new investors, as part of the ongoing $500-million fundraising round. Earlier this month, Byju’s raised funds from a group of investors, including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures and Tiger Global … Read more
The Shapoorji Pallonji group has sent a notice to the board of Tata Sons challenging its move to block the Mistry family as minority shareholders from pledging their shares to raise resources and threatened to seek damages individually and collectively from the directors. The notice has sought an explanation from the board members, particularly the … Read more
Choosing Singapore as its regional headquarter for the market, this news comes just months after the venture capital firm announced raising over $4 billion across four different global funds to support early and growth stage startups. Lightspeed said that it is deploying capital in the Southeast Asian market, from these global funds. In India, Lightspeed … Read more
Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company’s plans told Reuters. Bengaluru-based Flipkart, which vies with players such as Amazon.com’s local unit in India and India’s Reliance Industries, will be aiming … Read more
The investment firms have progressed to the final round of bidding for India’s Piramal Glass, the people said, asking not to be identified as the information is private. Billionaire Ajay Piramal’s conglomerate is seeking a valuation of $1 billion for the unit from the sale, the people said. Piramal could name a winner as soon … Read more
Paramount Realty USA (PRUSA), New York’s leading real estate auction house, announced rare auctions for two penthouses in exclusive, amenity-rich new-development buildings on opposite coasts: one in Miami-Dade County, FL and the other in Los Angeles, CA. Miami-Dade County The first is a furnished 4-bedroom, 4,446 sq. ft. duplex penthouse with private, rooftop pool at … Read more
