RBI releases draft framework for fintech startups; Sequoia Surge unveils first cohort


Sequoia Surge unveils first cohort of 17 'incredible' early-stage startups

Surge, Sequoia's accelerator programme for early-stage startups in India and Southeast Asia, signed on 17 companies as part of Surge 01. The startups are headquartered in five different countries: India, Indonesia, Vietnam, Singapore, and Bangladesh, spanning across various sectors, including fintech, ecommerce, healthtech, and edtech.

[Funding alert] Uber ATG to get $1 B from Toyota, SoftBank, Denso

Toyota Motor Corp, Denso Corporation, and SoftBank Vision Fund (SVF) are pumping in $1 billion into Uber ATG, ride-hailing company Uber's new corporate entity. The Advanced Technologies Group (ATG) aims to accelerate the development and commercialisation of automated ride-sharing services. 

10 areas RBI is looking at for its fintech regulatory sandbox

The RBI released a draft around the regulatory sandbox (RS) framework for stakeholders to comment. Some of the indicative areas it is considering involve retail payments, money transfer services, marketplace lending, digital KYC, financial advisory, wealth management, digital identification services, smart contracts, financial inclusion and cybersecurity products.

Mumbai-based Transport Hub uses IoT to serve various business needs

Transport Hub is taking automation in logistics to the next level. The company helps you avoid unauthorised usage of a vehicle as well as immobilise it remotely. You can get instant alerts on call and email if there is an emergency and no GPS signal is available. 

[Funding alert] MyHealthCare raises $3M from Sixth Sense Ventures

Healthcare technology platform MyHealthCare has raised $3 million from Mumbai-based fund management company Sixth Sense Ventures. According to the RoC filings, this funding is a part of the startup's ongoing Series A round. Founded by Shyatto Raha, Aneesh Nair, and Divya Laroyia, MyHealthCare is owned by Gurugram-based InnoCirc Ventures. 

Homegrown mobile browser out to make one-handed browsing cool

One Handy Apps is a little-known mobile app developer from Tamil Nadu that built a light, fast, and secure mobile browser. The app’s most interesting feature is one-handed usage - what gives OH Web Browser its name. (‘OH’ stands for one-handed) The app’s ‘Reachability’ feature allows you to access the browser with one hand.

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