1. Chennai-based fin-tech startup raises Rs 3 crore
Founded in 2015, OpenTap has raised over Rs 3 crore as funding from a group of investors. It will be used to expand the team, strengthen the infrastructure.
2. I’m starting a candy company: Elon Musk
Businessman Elon Musk Tweeted about starting a candy company. “I’m starting a candy company & it’s going to be amazing,” he wrote. “I am super super serious”, he added.
3. Robotic company raises $820-million funding from Tencent
Chinese robotic company UBTECH has raised $820 million in series C lead funding lead by Tencent. The company said that the funding will go into R&D, and expansion to the global market.
4. M&M to acquire a stake in Canada tech startup
Mahindra and Mahindra Ltd has offered to invest $5.17 million for a 10% stake in Canadian technology firm Resson Aerospace Corp. The deal is expected to complete by 10 May 2018.
5. Bezos’ Blue Origin reaches 107km in its highest test
Aerospace startup Blue Origin successfully launched its passenger spaceship New Shepard and completed its highest test flight. The spacecraft reached an altitude of 107 km. This launch was the 8th test flight of Bezos’ mission which aims to send tourists into orbit.
6. SoftBank trying to buy Ola stake
SoftBank is in talks to buy Ola shares from Tiger Global. Bhavish Aggarwal, the co-founder is blocking the deal.
7. First robot delivery startup initiates its testing in Silicon Valley campus
An autonomous delivery startup named Starship Technologies has been in public testing mode in 20 countries around the world since 2015 and now it is ready for its first “major commercial rollout”. Staff will be able to order breakfast, lunch, and coffee from and can get delivered to any point.
8. Humans have hearts, machines only have chips: Jack Ma
Alibaba founder Jack Ma spoke at Tel Aviv University and shared his thoughts on humans having an edge over machines. “I think we should teach our kids how to be more innovative, how to be more creative, and how to be more constructive, all the things machines can’t do,” Ma said.
9. Flipkart approves 75% stake sale to Walmart
Flipkart has finally approved Walmart’s offer to buy 75 percent of its stakes at $15 billion. The final decision on this deal is expected to come within a week according to the reports.
10. Google has announced grants of $3M for Indian non-profits
In order to provide quality education in India through e-learning, Google.org has given a grant of $3 million to non-profit organizations in India. With this, The Teachers App will look to contact around 500K teachers in 2 years.
