Startup Mergers & Acquisitions: Affle To Acquire 8 Stake In Indigenous App Store Indus OS For Rs 21 Cr

#startups #appstore #apps #vernacular #aatmanirbharbharat #selfreliantindia #mobileapps

Mobile advertising organization Affle on Thursday said it will procure an eight per cent stake in cell phone working framework firm Indus OS.

Indus OS works India's biggest free indigenous application store, with key speculation from Samsung Venture Investment Corporation. As indicated by an administrative recording, Affle will pay $2.86 million or about Rs 21 crore, to Indus OS for the stake.

Indus OS has'Indus App Bazaar', which contains more than four lakh applications open in English and 12 Indian dialects — Hindi, Gujarati, Marathi, Tamil, Telugu, Urdu, Odia, Punjabi, Malayalam, Bengali, Assamese and Kannada.

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Affle To Acquire 8 Stake In Indigenous App Store Indus OS For Rs 21 Cr

Mobile advertising organization Affle on Thursday said it will procure an eight per cent stake in cell phone working framework firm Indus OS. "Affle (India), through its auxiliaries, declared the consenting to of an authoritative arrangement to procure eight per cent possession in OSLabs Pte Ltd, Singapore, (Indus OS).

Google Pay not a payment system operator: RBI to Delhi High Court

#paymentsolutions #rbi #litigation #regtech #fintech #paymentservices

In an ongoing PIL, RBI has also told the Delhi High Court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI).

The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22.

All FinTech startups using user consent to make payments in their payment apps should be careful and make it clear on their websites that they are not a payment register operator approved under NPCI and they are only user consent based payment solution provider.

Now the question is whether such services also come under the purview of NPCI?

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Google Pay not a payment system operator: RBI to Delhi HC

Reserve Bank of India (RBI) Governor Shaktikanta Das. The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007, RBI has told a bench of Chief Justice D N Patel and Justice Prateek Jalan.

Funding Alert: US-based Gesture Raises $1M for its On-Demand Gifting App

#fundingalert #startupfunding #gifts #startupideas #ecommerce #aggregator

Startup: Gesture

Sector: eCommerce

Segment: Gifting

Gesture raises $1M for its On-Demand Gifting App That Takes an Uber-Like Approach.

Gesture is the on-demand mobile gift delivery platform that allows consumers to select gifts from an inventory of pre-selected items that can be delivered in less than 30 minutes. This gifting on-demand solution starts at $20 and helps people gift for a variety of occasions including birthdays, thank you’s, and “just because.” Gesture presently delivers in over 30 cities across the United States such as New York, Miami, Atlanta, and more.

Its customers send flowers, wine, champagne, and other thoughtful gifts, all starting at $20 with free delivery, and delivered in one hour or less.

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Gesture Raises $1M for its On-Demand Gifting App - AlleyWatch

Our society has progressed in so many ways; the iPhone in your pocket is estimated to have at least 100,000 times the processing power of the Apollo 11 computer that helped astronauts land on the moon 50 years ago. Yet we still wait until the last minute to do our shopping.

Google Creates a New Source of Traffic With Keen - Search Engine Journal

#Google #Keen #searchtech #searchengine #contentwriters #contentdevelopers

As a new and potentially powerful way to attract more site visitors, Google launches its Keen, which proactively recommends content to users similar to Pinterest for images.

Keen is a machine learning app that actively promotes relevant web pages to users. As your collection grows Keen becomes even better at surfacing the kind of content users are interested in.

It will be very useful tool for researchers, content creators, content developers and writers. It will be better than present system of Google Alerts.

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Google Creates a New Source of Traffic With Keen - Search Engine Journal

Google has quietly announced a content discovery service called Keen. Keen is being referred to as a Pinterest competitor but that's not entirely accurate. Keen is a machine learning app that actively promotes relevant web pages to users. Keen is poised to become a new source of referral traffic, which makes it worthy of investigation.

Barcelona-based Onna nabs €24 million to scale world's first Knowledge Integration Platform (KIP)

Barcelona and New York-based startup Onna , one of the world’s first Knowledge Integration Platforms (KIP), today announced an approximate €24 million Series B investment. This latest investment round, led by Atomico with participation from Glynn Capital, will be used to grow Onna ‘s engineering, product and partnerships teams to further develop its ecosystem of integrations and applications.

Onna , founded in 2015, integrates all workplace knowledge-based apps together, from communication to storage and HR platforms, allowing companies large and small to unify, search, protect, automate and build on top of their proprietary knowledge in a way not previously possible.

Knowledge-based apps are those that go beyond raw data and focus on contextual human input such as emails, chat, documents, images, contracts, employee performance information, customer feedback, drawn from sources such as G Suite, Slack, Salesforce, Dropbox, Confluence, Zendesk and Workplace among others. Companies today use an average of 88 different apps to power their workforce, a 21% increase from just three years ago.

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Barcelona-based Onna nabs €24 million to scale world's first Knowledge Integration Platform (KIP)

Today Barcelona and New York-based startup Onna, one of the world's first Knowledge Integration Platforms (KIP), today announced an approximate €24 million Series B investment. This latest investment round, led by Atomico with participation from Glynn Capital, will be used to grow Onna's engineering