Obopay buys Nilekani-backed Mubble, pi Ventures closes first fund

25th Sep 2018
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Bengaluru-based financial technology startup Obopay announced it had acquired consumer technology startup Mubble for an undisclosed amount. Obopay said the acquisition is part of its long-term strategy to aggressively strengthen and enhance its data analytics capabilities, and mobile app expertise. Post the acquisition, Ashwin Ramaswamy, co-founder and CEO of Mubble, will join Obopay. Mubble is backed by Accel Partners and Infosys Co-founder Nandan Nilekani.

Obopay CEO Shailendra Naidu with Mubble Co-founder and CEO Ashwin Ramaswamy

Aritificial Intelligence, Machine Learning and IoT-focused early stage VC fund pi Ventures on Monday announced the final close of its first fund at Rs 225 crore. The CDC Group, UK had recently invested Rs 40 crore in pi Ventures. The fund intends to invest in 18 to 20 deep tech startups in India across the next three to four years. 

The Founding Partners of Pi Ventures: Manish Singhal and Umakant Soni

After working for 12 years at the Bill & Melinda Gates Foundation, Ashok Alexander quit his job and founded The Antara Foundation in Rajasthan in 2014, with an aim to achieve public health delivery at scale. The foundation, along with the State government, has created a technology network through a mobile application called the AAA app, which enables real-time communication among the auxiliary nurses, anganwadi and ASHA workers and helps them carry out their tasks with ease.

Ashok Alexander with beneficiaries of The Antara Foundation

Blockchain is touted as the next big thing after internet. But its uses and applications have not been truly understood. Nitin Sharma, founder of Incrypt and a VC investor, says blockchain and crypto are interlinked. He, along with Tanvi Ratna, an experienced policy counsel, has co-authored a comprehensive blockchain report titled Realising India’s Blockchain Potential. The report offers insights about the blockchain business from the basics to its use cases, and how intelligent regulation is better for India, rather than blanket bans.

While the maternity care apps are no substitute for professional medical advice, they can certainly help the mother and the to-be parents in many ways. From helping rural women track high-risk pregnancies, to tracking the child’s growth and keeping the mother fit, these apps are helping make motherhood and parenthood a whole lot easier. YourStory lists a few maternity care apps that will help to-be mommies have a smooth pregnancy and a successful delivery.

Neeraj Tiwari was motivated to find a solution to newspaper vendors' problems. He launched PaperKing in 2016 in Mumbai to help newspaper vendors automate their system and help make them earn more. The PaperKing app helps vendors manage their customers’ records, generate thousands of bills in seconds, keep record of the cash collected and collect payments online.

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