Snapdeal Founders' Mega Returns📊, Indian Cybersecurity Concerns🔐

Nov 01, 2023

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Snapdeal Founders to Make Monumental Returns on Mamaearth Investment📊

Snapdeal founders, Kunal Bahl and Rohit Kumar Bansal, are set to make extraordinary gains on their early investment in Mamaearth's parent company, Honasa Consumer. Having initially invested Rs 38 lakh, their stakes are now valued at approximately Rs 38 crore, marking a staggering return of up to 9,993%. 💰

AppX Expands Its Edtech Capabilities with AppSquadz Acquisition📚

AppX, a leading no-code platform, has bolstered its edtech offerings by acquiring the educational technology Software as a Service (SaaS) business of AppSquadz. This strategic move aims to enhance AppX's capabilities in the rapidly evolving educational technology sector. ✨

Data Breach at ICMR Sparks Concerns Over Privacy🚨

A major data breach has occurred at the Indian Council of Medical Research (ICMR), where the personal details of 81.5 crore Indians were stolen and are now reportedly on sale. Security experts, as well as opposition parties, are calling for immediate investigations and transparency from both the ICMR and the Ministry of Information Technology regarding this breach. 😟

Deeptech VC Java Capital Successfully Closes First Fund💰

Deeptech seed investor Java Capital, known for backing innovative startups like aerospace firm Agnikul Cosmos and fintech company BharatX, has proudly announced the final close of its inaugural fund. The fund has reached an impressive amount of Rs 50 crore (approximately $6 million), indicating a significant boost for the deeptech ecosystem. 👩🏻‍💻

Indian Government Launches Investigation into Alleged State-Sponsored Cyber Attacks on Opposition Leaders🕵️‍♂️

The Indian government, led by IT Minister Ashwini Vaishnaw, has initiated an investigation in response to reports from several opposition leaders. These leaders received notifications on their iPhones from Apple, alerting them about potential state-sponsored cyber attacks. 🔒

Health-tech startup Sugar.fit has raised $11 million in its Series A funding round led by MassMutual Ventures with participation from existing investors including Cure.fit (now Cult.fit), Tanglin Venture Partners, and Endiya Partners.
Infurnia Technologies, a cloud-native architecture design software startup, has raised $1.2 million from a clutch of angel investors led by Yogesh Choudary of Jaipur Rugs, valuing the company at $17 million.
Fresh Bus, a shared mobility company has bagged Rs 7.5 crores in second seed funding round which was led by Cred’s Kunal Shah, Sudarshan Venu, Managing Director of TVS Motors and Deepak Garg, Founder and CEO of Rivigo.
Healthcare training platform MedLern has secured strategic investment from medical training provider Healthcare Quality and Research Systems and Laerdal Medical. HQRS is a unit of the American Heart Association.