Most impacted will be those cutting edge startups looking emerging technologies like blockchain, cloud computing and artificial intelligence. Worldwide IT spending is projected to total $3.5 trillion in 2017, a 2.7 percent increase from 2016, according to Gartner, Inc. However, this growth rate is down from earlier projections of 3 percent.
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Combined with the recently announced $12 million equity funding from the private equity arm of Mr. Anil Ambani led Reliance Group, the new investment takes the total amount of funds raised by the company to approximately $33 million since its inception in 2013.
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The startup was one of the three Indian companies selected by Y Combinator, a famous Silicon Valley incubator, for its summer batch of 2016.
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The team has a strong FMCG background across the functions - sales, marketing, brand management and R&D in companies such as Marico, Nestle (MAGGI) and Kellogg’s.
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Launched in 2012, Intelligence Node is a big data company specializing in pricing intelligence for the retail industry delivering insights churned from its proprietary product database of 1 Billion unique products spread across 130,000+ brands over 1100+ categories.
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InstaOffice has grown phenomenally from a single Business Centre in Gurgaon in Feb 2016 to more than 50,000 sq. ft. area under management, spread across 10 Centres across Gurgaon, Delhi and Bengaluru in less than a year’s time.
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Since its inception, InnoVen has provided over Rs.1260 crores in venture debt across 140 deals from diverse sectors.
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With this acquisition, more than 10000 subscribers of GolfGreedy, mainly from Singapore and nearby regions, will get access to all the golf courses on the GolfLan platform.
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