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Uber🚕, Bumble banks on India👩🏻🤝👨🏻, 5C Network acquires Krayen🩺
Uber to partner with traditional taxis, Bumble banks on India, 5C Network acquires Krayen, Funding Deals, Fact and more.
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Uber likely to partner with traditional taxi operators in India🚕
As part of the global initiative to increase the number of cabs on its app, ride-hailing company Uber is looking to partner with private and traditional taxi operators in India through its third-party taxi integration service.
Uber started third-party taxi integration two years ago and plans to scale it up from 50 to 500 cities globally. It is already present in cities across the US, Europe, and markets like Hong Kong.
The company has set a target of onboarding all taxis in the world through its third-party integration onto the Uber platform by 2025.
Bumble banks on India as a major growing market👩🏻🤝👨🏻
Dating app Bumble had a strong fourth quarter, with revenue up 28% year-on-year at $191 million on the back of strong growth in both established markets as well as 'growing markets' like Germany, Spain, France and India, founder and CEO Whitney Wolfe Herd said in a post-earnings call with analysts on Thursday.
The company has a two-pronged approach to the expansion of the Bumble dating app in India – expanding in new markets where it sees an opportunity and going deeper into markets that are already established.
Tariq Shaukat, president of Bumble Inc, said the company is seeing "very, very rapid growth" in India.
Web3 gaming venture Kratos Studios has scooped up Rs 160 crore ($20 million) in a seed round led by Accel with participation from investors including Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara and others.
IIT Madras incubated semiconductor startup Mindgrove technology has secured $2.35 million in seed funding round led by Sequoia Capital India, Speciale Invest and Whiteboard Capital.
Tata 1MG-backed 5C Network acquires AI healthtech startup Krayen🩺
Bengaluru-based online medical diagnostics platform 5C Network, which has a strategic investment from Tata 1MG, has acquired US-based artificial intelligence healthtech startup Krayen for an undisclosed sum.
With this acquisition, 5C Network aims to double its digital scanning services targeting a billion scans a year by 2025, the company said.
Krayen was founded in 2020 by Bargava Subramanian and Kirthiraj Yuvaraj in California.
Medical diagnostics is a $11-billion market in India growing at a rate of 16% year-on-year.
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