With annual flagship sales round the corner, ecommerce major Amazon invested in an additional Rs 590 crore into its Indian digital payments arm Amazon Pay (India) Private Ltd, documents filed with Registrar of Companies (RoC) show. Amazon’s flagship festival sale will start around later this month.
Blume Ventures announced the first close of its third fund on Thursday. In a release, the VC firm said it had already reached half its target corpus of $80 million, and has a commitment from existing investors for another $20 million. The early-stage VC firm aims to achieve its final closure in the next few months.
Priyanka Chopra, India’s real crossover star, is now vying for a small pie of the startup ecosystem. The actor on Wednesday announced that she has begun a new chapter in her life as a tech investor and will be investing in education company Holberton School and in dating and social media app Bumble. Priyanka said her investments in technology would skew heavily towards companies with an element of social impact, and companies founded with women.
Akshaya Patra embarked on a social-driven motive by feeding 1,500 children in Bengaluru in 2001 in government and government-aided schools. Today, it supplies 16 lakh meals in 13,839 schools in 12 states everyday. The foundation, headquartered in Bengaluru, began its journey in 2001 with the vision, ‘No child in India shall be deprived of education because of hunger’. Seventeen years down the line, it continues to fight malnutrition and support education of socio-economically deprived children.