Quikr loses unicorn crown, again; Karan Bajwa's next assignment; Magenta Power and EV grids; Tune into the TechThisWeek podcast

[] February 17, 2020 to February 20, 2020 [Techcircle]( [linkedin]( [facebook]( [Quikr valued at $569.9 mn post markdown by Swedish investor AB Kinnevik]( Stockholm headquartered investment firm AB Kinnevik valued its 17% stake in online classifieds company Quikr at $96.9 million (SEK 941 million) as on December 31, 2019... [Exclusive: Former IBM India chief Karan Bajwa slated to take charge of Google Cloud in India]( [Watch: Erica Brescia and Maneesh Sharma on GitHub's strategy to build its India community]( [Exclusive: SaaS-based logistics solutions startup FarEye to raise $40 mn from new and returning investors]( [This startup wants to make charging an EV as easy as booking a movie ticket]( [Listen: Google Cloud's new India head; Edtech craze in Feb; The new hot target for cybercriminals]( Funding & deals - [DIY video platform Invideo raises $2.5 mn from Sequoia Surge, angels]( - [Sequoia leads $32 mn Series C round in SaaS startup Whatfix]( - [Alteria Capital doubles down on its investment in Dunzo]( - [Facebook, General Atlantic invest in Unacademy's $110 mn growth round]( - [Naspers arm Prosus, Meituan write fresh cheques to food delivery platform Swiggy]( - [Proptech company Zvesta raises $5.5 mn in Series A from Hindustan Media Ventures]( - [Sequoia-backed Voonik merges B2B biz with ShopUp; B2C arm to merge into Schoolay]( - [Blume Ventures closes Fund III at $102 mn]( - [Feminine hygiene brand Sanfe raises Rs 8 crore in seed funding round]( - [Sojitz Corp latest Japanese investor in shared mobility startup Shuttl]( - [Shriram Automall buys online car marketplace BlueJack]( - [MaxWholesale raises Series A from IAN Fund, Abu Dhabi family office]( - [Anushka Sharma, Virat Kohli join investor consortium in Digit Insurance]( - [Lendingkart, Northern Arc Capital partner for MSME working capital needs]( - [Blume Ventures' Passion Connect acquires executive search firm Basil Advisors]( - [Hedge fund Falcon Edge raises India-focused fund worth $300 mn: Report]( - [Angel groups back edtech startup PlanetSpark]( - [InBrief: Yamaha may invest $35 mn in Drivezy, edtech firm Genius Corner raises $250,000]( - [Accel-backed after-sales services platform Onsitego raises $19 mn Series B round]( - [Blume Ventures-backed cleantech startup Carbon Clean Solutions raises $16 million]( - [World V gets regulatory approval to raise Rs 100 crore maiden fund]( Technology - [In Brief: Tech bodies to raise PDP Bill concerns before parliamentary panel; Sophos launches new XG Firewall version]( - [CSG appoints Sudhansu Panigrahi as vice president and centre head for India]( - [APIs in financial services are the new hot target for cybercriminals: Akamai]( - [Watch: Sankalp Saxena on the Nutanix strategy for growth in India's HCI market]( - [Half of enterprises in India will operate in a hybrid multi-cloud environment by 2021: IDC]( - [India to trump global internet mobile user growth rate by 2023: Cisco]( - [Nelco and Panasonic Avionics launch in-flight internet service in India]( - [After UAE, Infibeam Avenues extends its digital payments business to US market]( - [How emerging technologies are changing the future for healthcare professionals]( - [Myntra announces partnership with Microsoft Azure for digital transformation]( - [In Brief: Google, MobiKwik to introduce mobile recharge search, Iron Pillar may raise $30 mn]( - [GE Appliances signs on Infosys for a multi-year digital transformation deal]( - [Tech Mahindra, Telangana govt launch blockchain accelerator programme]( - [HCL kicks off new Connecticut GDC with Stanley Black and Decker as anchor client]( - [Banque Saudi Fransi signs on TCS to improve customer service]( - [China's local cybercrime networks are now sophisticated enterprises with global ambitions: McAfee]( - [New Zealand dairy cooperative Fonterra signs on HCL to manage its tech infrastructure]( - [Tata Power to set up 700 EV charging stations by next year; Paytm strengthens ties with Uber]( - [Oracle's bid to make supply chains more efficient with AI, IoT and blockchain]( - [3M to migrate its enterprise IT infrastructure to AWS]( - [Indians want telecom carrier bundled OTT services: Ovum-Amdocs]( - [Google to shutter free WiFi programme Station by end of year]( - [Microsoft sets up country's third development centre in Noida]( - [Tech Mahindra, Virsec collaborate to deliver advanced cybersecurity solutions]( - [Aeris and Omnicomm launch IoT based fleet-management solution to combat fuel theft]( - [Tata Elxsi to help Tata Motors develop its connected vehicle platform]( - [LIC Housing Finance mobile app to be powered by Google Cloud]( Others - [SoftBank-backed Policybazaar appoints Sarbvir Singh CEO in top level rejig: Report]( - [Cabinet approves 'technology group' to advise govt on tech procurement]( - [Former Goibibo executive joins Zoomcar as vice president of engineering]( - [Regional heads to drive monetisation strategy at Twitter-backed ShareChat]( - [FabHotels made party to CCI investigation into MMT-Go and OYO]( - [ALTBalaji appoints Shahabuddin Shaikh as CTO]( - [Droom founder Sandeep Aggarwal cleared of insider trading charges]( - [Flipkart drives ecommerce sales growth for Walmart's international operations]( - [Telangana incubator WE Hub partners with Switzerland university to take women-led startups global]( - [SoftBank-backed budget hospitality chain Oyo widens FY19 losses six-fold]( - [Sony Pictures Network appoints Raj Mohan Srinivasan as CIO]( - [Sebi approves regulatory sandbox for live testing innovative products and services]( - [Meet the 10 startups in the Shell Scale Track incubator programme E4]( - [Industry lobbies push for extension of 1% TDS compliance deadline for ecommerce entities]( - [Ola expands employee stock option pool]( - [Insights on the Digital Payments in India by SBI's CIO Dhananjaya Tambe]( [KEEP READING]( [vccircle]( Tel: +91- 011-49711180, +91- 011-68132900, Email: subscription@vccircle.com [linkedin]( [facebook]( Mosaic Media Ventures Pvt. 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