India's Big Four IT services firms hurt by global BFSI slowdown; Manav Sehgal on how AWS helps Indian public sector enterprises get on cloud; Japan's Akatsuki lines up for content foray in India

[] January 20, 2020 to January 24, 2020 [Techcircle]( [linkedin]( [facebook]( [How the global BFSI slowdown is hurting India's Big Four IT services firms]( The ongoing slowdown in the banking, financial services and insurance (BFSI) sector, as well as the downtrend in the retail vertical, has finally caught up with India's $190 billion... [After early stage investments, Japan's Akatsuki lines up for content foray in India]( [Watch: Manav Sehgal on how AWS helps take public sector enterprises forward in India]( [Tilman Ehrbeck on why India is a key market for Omidyar Network-backed Flourish Ventures]( [Uber sells India food delivery biz for a 10% stake in Zomato]( Funding & deals - [Deal roundup: Zomato, Bounce, Pine Labs close out an exciting week for tech startup dealmaking]( - [Sequoia to raise $1.25 bn for new India fund: Report]( - [Fintech startup INDWealth raises $12 million in Series C round]( - [Mastercard backs digital retail payments firm Pine Labs]( - [She Capital leads $2.7 mn Series A round in Samosa Singh]( - [Livspace raises $60 mn; Flipkart may buy Walmart cash-and-carry business]( - [Logistics SaaS platform LogiNext raises $39 mn from Tiger Global, Steadview Capital]( - [Zomato backer Info Edge launches maiden venture capital fund for tech startups]( - [Pregnancy and fertility platform Crysta raises Rs 10 crore in seed round]( - [SaaS firm SmartKarrot raises $1 million in angel round]( - [Yuj Ventures leads $4.3 mn Series A funding in Eupheus Learning]( - [Venture Catalysts invests in enterprise-focused neo-banking platform Nupay]( - [Bounce valuation soars past $500 mn with latest round]( - [She Capital announces the first close of its maiden fund at Rs 65 crore]( - [Sequoia, Matrix back stealth-mode smart parking solutions startup Park+]( - [Exclusive: AngelList leads seed round in edtech startup Konfinity]( - [General Atlantic leads $210 mn round in SaaS startup AppsFlyer]( - [SoftBank Group leads $103 mn round in IoT solutions firm Skylo]( - [In Brief: Sachin Bansal may invest $400 mn in Navi Technologies; Alibaba Cloud bags TPN certifications]( - [Digit Insurance raises $84 million from Faering, A91 Partners]( - [Fresh off stealth mode, Samya.ai bags $6 mn from Sequoia]( - [Robo-maker Invento Makerspaces raises second seed round]( - [Impact investor Omidyar Network scores four exits in 2019]( - [Chiratae Ventures, Desai Family Office lead $6 mn round in Kristal.AI]( - [Falcon Edge raises $45.7 mn for India fund focused on lending and fintech]( - [WestBridge Capital leads $30 mn investment at HR-tech Phenom People]( Technology - [Listen: Uber Eats India finds a new home; IT majors feel the pinch; Micro-mobility gets a funding boost]( - [AI systems should be transparent and explainable: IBM]( - [BSA launches Global Data Alliances to move data across borders]( - [Volkswagen, Aeris form JV for connected vehicle technology]( - [Four principles for building an effective retail technology platform]( - [Mphasis partners Israeli firm QEDIT to leverage data using blockchain]( - [UST Global opens first infinity lab in South East Asia]( - [Bengaluru, Mumbai only Indian cities in top 100 on global talent competitiveness index: Report]( - [Indian enterprises ahead of global peers in digital initiatives: Infosys study]( - [Advocacy groups, think tanks suggest encryption tech, stronger laws for new cyber security strategy]( - [HCL launches dedicated business unit for Microsoft technologies]( - [Privacy compliance will be crucial in app development]( - [Indians want automation of repetitive admin tasks they spend three hours on daily: Automation Anywhere]( - [Indian cybersecurity culture is 60% strategic and 33% embedded: McAfee]( - [Firms see limited growth due to lack of innovation: Accenture]( - [Data analytics firm Qlik buys RoxAI to boost AI capabilities]( - [Most business leaders out of sync with the digital age: Cognizant-MIT Sloan]( - [Digitalisation has exposed industrial firms to cyber threats: Fortinet]( - [Outlook 2020: Reshaping India's hospitality landscape, one technology at a time]( - [HIL adopts industry 4.0 with new connected shop floor at Chennai plant]( - [IAMAI announces up to $100,000 grant for most innovative EV solution]( - [Governing innovation key to accelerating growth: Accenture]( - [Technology will accelerate transformation in insurance ten-fold: Douglas Kennedy, Aegon Life Insurance]( - [Blockchain company Zebi unveils cloud solution]( - [Amazon India to have 10,000 EVs in its delivery fleet by 2025]( Others - [Watch: The Corner Office Conversations with Hitesh Oberoi, Info Edge -- Part 2]( - [Online gaming co MPL burns cash even as expansion stays priority]( - [SoftBank-backed data management firm Cohesity expands Pune R&D centre]( - [CloudSEK, Senseforth.ai among NetApp accelerator programme graduates]( - [Sodexo India gets new country president in management reshuffle]( - [Tata Communications Q3 profits decline by 66%]( - [In Brief: HCL president C Vijayakumar joins WEF-led IT governors community as chairman; Cryptocurrency not banned in India, says RBI]( - [SoftBank appoints Manoj Kohli as country head: Report]( - [Just Dial reports flat growth in Q3 earnings]( - [In Brief: Embassy Group lines up co-living foray; Mastercard may invest in Pine Labs]( - [Commerce minister to chair emerging tech focused Startup Advisory Council]( - [Naspers-backed Brainly appoints Rajesh Bysani as chief product officer]( - [Former EbixCash executive starts up again with digital ads-only credit venture GetVantage]( - [Sony Innovation Fund joins ongoing $100 mn Zoomcar growth round]( - [Future Group lays off about 400 employees, scales down Retail 3.0]( - [LTTS dips by 2% even as Q3 earnings reveal flat growth]( - [Outlook 2020: P2P lenders can create an efficient alternative credit supply to benefit the economy]( - [RBS India appoints Punit Sood as head of India ops]( - [In Brief: Former Flipkart CTO launches credit firm Davinta; Xiaomi restructures its India leadership]( [KEEP READING]( [vccircle]( Tel: +91- 011-49711180, +91- 011-68132900, Email: subscription@vccircle.com [linkedin]( [facebook]( Mosaic Media Ventures Pvt. 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