Cure.fit raises whopping $120 M while Etsy gets crafty in IndiaTeam YS
AntWorks, an artificial intelligence and automation solutions startup founded in 2015 has raised Series A funding of $15 million from financial services company SBI Investments Co, a subsidiary of SBI Holdings, based in Japan, at an undisclosed valuation. AntWorks, which is headquartered in Singapore, was founded by Asheesh Mehra,
Reliance Jio, the disruptor of Indian telecom, is adding subscribers faster than ever before. The service provider notched up 28.7 million subscribers in the June 2018 quarter — the highest ever for any quarter since Jio started commercial operations in 2016. Its overall subscriber-base now stands at 215.3 million, making it the fastest-growing telecom network in the world.
New York-based online marketplace for handcrafted goods Etsy has launched in India. The India team, based in Delhi, aims to help local entrepreneurs sell their unique and handcrafted goods with across the world. Indian sellers have been using Etsy for a long time, with about 650,000 items listed on Etsy from them. With its latest development, the company has planned a series of activities to recruit and assist new sellers (online and offline), including offering free listings incentives to all new sellers in India on the platform.
Bengaluru-based health and fitness platform Cure.fit has raised $120 million in Series-C round of funding. IDG Ventures, Kalaari Capital, Accel Partners, Oaktree Capital, and Chiratae Ventures participated. A press release from the company has stated that this amount will be used in the development of its technology, with focus on AI in health planning. The company also plans to launch its own fitness wearables. Curefit is also looking at foreign markets and plans to expand to South West Asian countries in the next 12-15 months.