MoEngage raises $9 million Series B funding, Quora data breach hits 100m accounts
California-based marketing cloud platform MoEngage has raised $9 million during Series B round led by Matrix Partners, VenturEast and existing investors Exfinity Ventures and Helion Venture Partners. The company that has built enterprise solution for brands to deliver personalised engagement at any touchpoint will be using the funds for global expansion and to strengthen data science capabilities.
How an IIT dropout and IIM graduate “stumbled” upon tech to purify water
Water contamination is a serious issue plaguing under-served rural areas, but thanks to former marine engineer Anjan Mukherjee and his innovation, this problem is being tackled, one step at a time. An IIT Bombay dropout and IIM Bangalore alumnus, Anjan has come up with a device - ‘Taraltec Disinfection Reactor’ – which he calls a “fit and forget” technology. It is, however, not a filter but a technology that uses basic principles of physics.
Too many passwords, too much verification? Microsoft and Mastercard have an easy solution
Tired of passwords and multiple verification systems to prove your digital identity? Fret not, Microsoft and Mastercard’s latest partnership will make the process a little simpler. Through a globally interoperable digital identity system, the two companies are trying to make it safer and easier for people to instantly verify their identity across various services.
Are digital EMIs the next big tool in the hands of top ecommerce players?
Keen on expanding to newer geographies across India, big ecommerce players are now popularising digital EMIs, which, along with easy finance, now offer benefits such as quick approval, discounts, deals, cashbacks, and instant checkouts. And guess who is reaping the benefits? Tier II and Tier III towns, who are undoubtedly driving the growth of ecommerce in India.
Fusion Microfinance raises Series-E of Rs 520 Cr
Delhi-based non-banking financial company and microfinance institution Fusion Microfinance has closed Series E funding of Rs 520 crore in a round led by private equity firm Warburg Pincus. The investment round includes both a primary fund raise and secondary sale by early-stage investors Incofin, NMI, BIO and SIDBI. Existing investor Creation Investment also participated in this round.
Data breach at Quora as 100 million user info is exposed
Quora was recently targeted by “a malicious third-party”, leading to the breach of its users’ data and personal information. The news was announced on late Monday by the site itself, who assured that they are working to investigate the situation and take appropriate steps to prevent future incidents.