LinkedIn releases power list; Revv, Sensibull, Bombay Shaving Company see the money
Professional social networking platform LinkedIn announced the fifth edition of India’s Power Profiles 2018. The annual list showcases the most-viewed professional CEOs in the sectors of technology, finance, human resources, marketing and advertising, and the more recently introduced social impact category. While startup stars Bhavish Aggarwal, Binny Bansal, and Girish Mathrubhootam made it to the 2018 LinkedIn Power List, Prime Minister Narendra Modi and actor Priyanka Chopra retained their place in the list.
Delhi-based car-sharing startup Revv raised $14.2 million (Rs 100 crore) in its Series B funding round led by South Korean automaker Hyundai Motor, making it the only automotive company among Revv’s investors. The other investors who participated in the current round include Dream Incubator, Sunjay Kapoor of Sona BLW, Telama Investment, and existing investors Edelweiss and Beenext. The company will use the funds to expand its product offerings, strengthen its technology team, and build brand awareness.
Mumbai-based edtech platform Imarticus Learning has raised a Series B funding round of $2 million led by education-focused venture capital fund CBA Capital. According to business information platform Crunchbase, the team had earlier raised $1 million funding. The current fund raise will be used to expand Imarticus Learning’s international operations, and strengthen its presence in cities where it is already operational, including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, and Pune.
Men’s grooming brand The Bombay Shaving Company announced it had raised an undisclosed Series A funding led by a clutch of investors. The round was led by Colgate-Palmolive Asia Pacific Limited, a subsidiary of Colgate-Palmolive based in Hong Kong, and existing investors Fireside Ventures. The primary investment is speculated to be about Rs 18 crore, and Colgate-Palmolive is said to have picked up 14 percent stake in Bombay Shaving Company. The funds will be used for brand building, product development, and expanding capabilities.
Prepping for an IPO next year, Uber has hired Nelson J Chai as its chief financial officer. Nelson comes with over a decade of experience in senior positions at some of the world’s leading publicly traded financial services and insurance companies. Uber has not had a finance head since 2015, when then CFO Brent Callinicos left the company.
A picture is worth a thousand words – and computer vision could perhaps make it worth much more. A field of computer science that works to help computers see, identify, and process images much like human vision does, computer vision offers endless and exciting possibilities. It combines elements of machine learning, data processing, and analytics. It is fundamentally about processing images and coming up with use-case models. In India, a number of computer vision startups are engaged in processing images whose use-cases are being deployed in ecommerce, medicine, security, transportation, industrial automation, security.
Bengaluru-based online stock trading startup Zerodha announced it had invested Rs 2.5 crore in options trading startup Sensibull. Founded by Abid Hassan, Abhimanyu, Balajee, and Sudeep in August 2017 Sensibull was founded with the vision of making the small trader profitable in markets. The early stage startup aims to simplify option trading for all by cutting through all the math and technicals and creating an alternative avenue for wealth management for the high-income crowd.