Tax filing platform ClearTax today said it has secured investment of USD 2 million (Rs 13.5 cr) from Sequoia Capital and Founders Fund Angel in pre-Series A funding.
"With this round, we will aggressively invest more in new products which help Indians save more on taxes," ClearTax founder and CEO Archit Gupta said in a statement.
ClearTax has over one million users. It recently raised Rs 8.6 crore (USD 1.3 million) in angel investment from investors like Max Levchin, Neeraj Arora, Scott and Cyan Bannister.
* * * * * *
mChamp gets Rs 5 crore seed funding from MoMagic * Foxconn-backed MoMagic Technologies today said it has invested Rs 5 crore in seed funding in Delhi-based startup mChamp Entertainments.
MChamp Entertainments is a celebrity and entertainment driven contest app. It is witnessing a 15 per cent month-on-month growth in terms of tie-ups and partnerships with FMCG brands, celebrity shows (TV /Concerts) and productions houses.
"It fits well with MoMagic business plans. Hence, the decision to seed fund mChamp," MoMagic founder and CEO Arun Gupta said.
* * * * * *
Arun Maira, Kiran Karnik join Aavishkaar-Intellicap Council * The Aavishkaar-Intellecap Group today said former Planning Commission of India member Arun Maira and Kiran Karnik ex-Nasscom President have joined its Group Advisory Council (GAC).
The GAC will advise and guide in sharpening its focus on its stated vision of building businesses for those in developing countries, it said in a statement.
The Aavishkaar-Intellecap Group has over USD 350 million in assets, with 2,000 team members across three continents.
* * * * * *
Intel India inaugurates 'Unnati Kendra' at Haryana CSC * Tech major Intel India today shared details of three projects, designed to accelerate digital literacy at the grassroots level in India.
The projects aim at upskilling citizens in tier-II cities and beyond, encouraging innovation from the local level.
Intel India launched its latest 'Unnati Kendra' (UK) at a Common Service Centre (CSC) in Karnal, Haryana.
"This UK at CSC will serve as one of the common access digital learning centers for people of the state and Intel India aims to open several more of these facilities in the state," Intel's MD South Asia Debjani Ghosh said.
Intel India is working with the government to open a network of up to 100 'UK at CSC' facilities across 10 states this year, with 10 such facilities already set up in the state of Telangana.
Star Health launches upgraded Diabetes Safe Insurance policy
* Star Health and Allied Insurance Company has reintroduced its Diabetes Safe Insurance Policy with enhanced benefits at no additional costs.
In the revised policy, a person living with diabetes for any number of years can take a health insurance cover irrespective of their diabetes status in addition to regular hospitalisation cover, a company statement said.
The policy also provides outpatient cover, reimbursement of diagnostic charges and pharmacy bills apart from personal accident cover equal to the sum insured.
*******
IndiaFirst Life appoints Peuli Das as 'Appointed Actuary' * IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal & General (UK), today announced the appointment of Peuli Das, as Appointed Actuary.
Peuli Das comes with a diverse experience in insurance and investment banking.
"Succession planning and providing equal opportunity has been an important focus for IndiaFirst Life Insurance. We pride ourselves in meritocracy based promotion of women leaders in the organisation. We are confident that Peuli will play a key role in the growth of IndiaFirst Life," company Managing Director and CEO R M Vishakha said in statement.
*******
JLL partners NMIMS to offer special RE courses to students * Property consultant Jones Lang LaSalle (JLL) has partnered with private university NMIMS to offer a new field of specialisation in 'real estate consulting and transaction services' to technology management students.
Delivered through Mukesh Patel School of Technology Management & Engineering (MPSTME), the Technology Management School of NMIMS, the courses in this specialisation will be co-designed and integrated into the 5-year MBA (Tech) program, a statement said today.
"It is essential for candidates who intend to work in this sector to possess industry-specific skill sets, which this innovative and highly customised specialisation will provide," JLL India Chairman and Country Head Anuj Puri said.
*******
MCX wins 'Best Commodity Exchange' Award * Multi Commodity Exchange of India Ltd (MCX) received the Best Commodity Exchange Award at the Bullion Federation Global Convention organised by the Bullion Federation in Agra.
The award recognises MCX's commitment towards developing a vibrant commodity futures market in the country by providing a robust and efficient platform for price discovery and risk management across a diverse range of precious metal, energy, base metal and agri products, a statement said.
Gulf Oil ties up Bajaj Auto for lubes
* Gulf Oil Lubricants India will manufacture and distribute engine oils for Bajaj bikes under a strategic tie-up.
Under this tie-up, Gulf Oil will manufacture Bajaj genuine oil and distribute these lubes at Bajaj Auto's dealerships as well as tap into the bazaar market through its wide spread dealer network.
*******
Nissan Motor to up production of redi-GO SPORT hatchback * Nissan Motor India today said it is increasing production of limited edition of redi-GO SPORT hatchback by 800 units due to high demand.
"The Datsun redi-GO SPORT version has generated more demand than anticipated and we are happy to announce that the initially planned 1,000 units have been sold out in less than a month. To meet the high demand and delight our customers, we are announcing an increase in production of the car with a further 800 units," Nissan Motor India Managing Director Arun Malhotra said in a statement.
The deliveries will be scheduled next month, it added.
Launched last month, Datsun redi-GO SPORT is priced at Rs 3.49 lakh (ex-showroom, Delhi).
*******
Merchant navy officers to get more time to renew GMDSS-GOC licence
* The government has extended the time period to 6 months for merchant navy navigating officers to apply for the renewal of their GMDSS-GOC licence in order to allow them sail without any delays in future.
The move to renew the Global Management Distress Safety System General Operator's Certificate (GMDSS-GOC) License will enable the officers to have adequate time to renew licences.
The government has extended the period for "applying of renewal of GMDSS-GOC from 3 months to 6 months prior to its expiry vide notification No GSR 186 dated 4th October 2016", the Shipping Ministry said in a statement.
This will enable the officers to have adequate time required to renew their GMDSS-GOC license and they will be able to sail on ships without any delay in future, it added.
