Startups that help people send money to each other or pay for goods and services online have been growing like weeds, fuelled by consumer demand, increasingly ubiquitous connected devices to make and receive the funds, and VCs eager to profit from their growth. Now a startup that has built technology to power fintech startups is raising some money of its own. Currency Cloud, a UK-based… Read MoreSource: TechCrunch
Offpeak, a Malaysia-based restaurant booking startup, has raised a Series A round of $800,000 led by Gobi Partners. The company will use its new capital to expand into Southeast Asian cities, starting with Bangkok, and find more restaurant partners.
Online-to-offline (O2O) commerce and providing ultra-speedy local deliveries are two of Alibaba's main growth targets. Now the e-commerce giant is significantly increasing its commitment to both verticals. Alibaba and subsidiary Ant Financial announced today that they will each put RMB 3 billion (about $483.3 million) into a joint venture called Koubei.
EduKart, a New Delhi-based company that connects students with educational institutions, has landed $1 million to increase access to learning in India.
Apache Spark's effect on the data landscape is akin to the leap in Internet applications enabled by the move from dial-up to broadband.