In 2017, Niti Aayog CEO Amitabh Kant said that debit and credit cards would become redundant in the next three to four years, with people using their mobile phones for financial transactions. And though there has been a decline in the number of debit cards in circulation, digital payment methods like mobile wallets and UPI may not be entirely responsible. While banks and card payment processors are quick to say that plastic is here to stay, they agree that the form factor might change!
These startups are monitoring India’s health
For every 1,000 people, India has 0.7 (less than 1) physicians, compared to the global average of 1.5. And then, there are only 0.7 beds per 1,000 people, compared to WHO's recommendation of 3.5. These numbers stress the challenges India faces when it comes to access to “quality and affordable” healthcare. On the heels of World Health Day, we take a look at five such startups making healthcare efficient and affordable for us.
ThoughtSpot to infuse $25M in India
Palo Alto-based ThoughtSpot announced that it will invest $25 million in its engineering centre in Bengaluru, India. ThoughtSpot will also be launching it’s business operations in India, serving both global customers with data analytics and engineering teams in India, as well as enterprises.
Diving into India’s deep tech innovation boom
Indian companies in the deep tech space are making significant leaps in innovation. With cutting-edge technologies, these companies are solving issues affecting the real-world around them. There is also a rising investor interest in the niche technology segment due to the impact it is creating in the lives of people and society.
[Funding Alert] V Resorts raises $10 M
Leisure hospitality startup V Resorts has raised $10 million in Series A funding led by various High Networth Individuals (HNIs), with participation from existing investors Bedrock Ventures and RB Capital. The hospitality startup is looking to expand to more than 1,000 properties, with more than 15,000 rooms, in the next three years.
[Funding Alert] Kalyan Krishnamurthy invests in UrbanClap
Kalyan Krishnamurthy, CEO of Flipkart, has invested Rs 1.6 crore in UrbanClap, right after the hyperlocal marketplace raised its Series D round. Sources close to the matter said that the valuation of the company, post this round, stands at around $480 million.