Kissht raises ₹100 crore funding led by Trifecta Capital and Northern Arc
Kissht raised ₹100 crore funding led by Trifecta Capital and Northern Arc. The company has so far raised more than ₹270 crore in equity and above ₹1,200 crore loan investments. In the current round, Trifecta and Northern Arc have each subscribed to ₹50 crore non-convertible debentures (NCD).
The company will use the funds to expand its scale of operations, further improve its product offerings, including credit cards for small businesses/stores, and further improve underwriting capabilities, even in small Indian towns where instant credit is still a dream for many.
Krishnan Vishwanathan, Co-Founder of Kissht, said, “Our goal at Kissht is to offer instant, hassle-free credit through our strong self-learning and underwriting and collection capabilities, paving the way for owners of small businesses and low income. segment. This funding will further contribute to our goal of removing financial constraints and expanding our presence in Tier 2 centers in India.
SecureThings.ai Wins Innovation Award
Automotive cybersecurity products company SecureThings.ai has received the Technology Innovation Leadership Award from Frost & Sullivan.
Vishal Bajpai, Co-Founder and CEO of SecureThings.ai, said, “We are delighted to announce that SecureThings.ai has been recognized for effectively addressing cybersecurity challenges for automakers.
Founded in late 2017, SecureThings.ai provides a real-time, machine learning-based cybersecurity solution for connected vehicles. Their experts help automakers understand potential risks and vulnerabilities around their products by assessing the automotive production lifecycle.
“SecureThings.ai offers comprehensive, customized protection solutions for real-time vehicle, network and in-vehicle network use cases,” said Kaushik Madhavan, vice president – mobility at Frost & Sullivan.
Nasscom Corporate Innovation Challenge
Global industry experts, researchers, universities, start-ups and companies from around the world are set to come together to identify challenges, opportunities and develop market-ready technology solutions in practices ESG during the second edition of the Enterprise Innovation Challenge (EIC) platform organized by the Nasscom Center of Excellence (CoE) for IoT & AI in collaboration with the Ministry of Electronics and Information Technology (MeitY).
Sanjeev Malhotra, CEO of Nasscom’s Center of Excellence, said, “This Enterprise Innovation Challenge (EIC) season will aim to map progress while examining innovative strategies to create viable, localized use cases to overcome unforeseen risks of environmental, social impacts. and (corporate) governance (ESG). This challenge will further contribute to the discovery of promising start-ups that leverage cutting-edge technologies to develop impactful, real-world solutions for problem statements identified by leading companies. We also aspire to help the industry establish flexible, ethical and innovative standards for the future.
The flagship challenge is organized from January to March 2022 and will enable ESG startups and scale-ups to solve business problems by promoting innovations and cutting-edge technologies in ESG (Environment, Social and Governance) practices.
SignDesk deploys an SMB eSign platform
Reg-Tech company ‘SignDesk’ has launched a commercial eSign platform for India’s 3+ lakh SMEs (60+ million MSMEs) to create, sign and store documents fully online.
The platform offers custom and legally valid templates for businesses to create documents instantly at scale and Aadhaar eSignatures for businesses to get documents signed remotely.
Krupesh Bhat, Founder of SignDesk, said, “Aadhaar eSignature adoption rates are low as the usual vendors are not a good price or product for Indian businesses who need a cost-effective, lightweight solution. who does the work. By embracing e-signatures and digital documentation, businesses can save up to 22,000 hours per year, cut costs by 60-85%, and save 2.5 billion trees in less than two decades.
Co-founder Ashok Kadsur said, “E-signatures can enable businesses to seamlessly transition to a safe, secure, accessible and fast digital environment.”
now.gg launches fungible gaming platform
now.gg, the mobile cloud company, has announced its now.gg Fungible Games (NFG) platform for mobile games developed on the Unity, Unreal and Cocos engines. now.gg Fungible Games combines several unique technical capabilities to create a mobile metaverse.
“I’m a huge Marvel fan and impressed with how they tie the movies together to create the Marvel Cinematic Universe. The Mobile Metaverse is inspired by Marvel. Games today are like movies, and if you could relate them to matter, avatars, space and time. Matter being things like weapons in a game, avatars being the heroes, space being things like maps with portals like Dr. Strange can create, and time being the player’s time. said Rosen Sharma, CEO and Founder of now.gg.
NFG enables unbundling of the game so that parts of it can be owned by different people, its dynamic recomposition in the cloud, and its delivery to the player.