Envisioner | August 2019 Envisioner August 2019 | Page 7

Cred: Gurugram-based credit card
bill payment startup Cred raised a
bridge Series B round of INR 27.55 Cr
($4 Mn) from Sequoia Capital India.
DailyHunt: Bengaluru-based news
and ebooks mobile app Dailyhunt
raised $3 Mn (INR 21.75 Cr) in a Series
F funding round from Stonebridge
Capital. This brings the total Series
F fund raise to $24.95 Mn (INR 176.6
Cr).
Paytm Mall: US-based ecommerce
company eBay is investing $160
Mn in Indian ecommerce compa-
ny, Paytm Mall, valued at $2.86 Bn
post-investment.
Pocket Aces: Digital entertainment
company, Pocket Aces raised an INR
100 Cr ($14.34 Mn) funding round
from Sequoia India, DSP Group, and
3one4 Capital.
Apple has paid $1 Bn to acquire In-
tel’s smartphone modem chips busi-
ness, which was one weak area in
the electronic giant’s plans to re-
lease next-gen iPhones ready for 5G
networks.
Microsoft announced that it is in-
vesting $1 Bn in partnership with
OpenAI to support the development
of an AI framework and models for AI
applications across operations and
services, built on the company’s Az-
ure cloud service.
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