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Funding news

TimBuckDo raises Rs 2 Cr in seed funding 

On-demand talent platform TimBuckDo has secured Rs 2 crore in seed funding led by two US-based angel investors Morton Meyerson and Nandkishore (Andy) Kalambi. 

Founded by Mythri Kumar and Apoorv Sharma Prasad, TimBuckDo leverages AI & technology to match students with suitable gigs opportunities, by bridging the gap between students seeking flexible employment and businesses needing part-time support. 

“With over 50% of India’s population under the age of 25, it’s crucial to harness their potential and empower them with relevant opportunities. The part-time job market is experiencing significant growth, with a 30% increase in opportunities over the past year alone. At TimBuckDo, we are committed to provide flexible and meaningful employment to the younger generation and thereby drive economic growth,” said Mythri Kumar & Apoorv Sharma Prasad, Co-founders of TimBuckDo.

Other news

Digii and AWS launch DigiiAI to enhance student learning outcomes 

Digii, an Amazon Web Services(AWS) Technology Partner, and AWS India Private Limited have launched  “DigiiAI”, a digital solution to provide personalised solutions for students, teaching faculty, and administration. 

The new solution will utilise GenAI (generative artificial intelligence) to streamline administrative tasks, improve classroom management, and provide personalised support for faculty members.

As part of the initial cohort, Digii will provide DigiiAI to over 1,000 faculty members across 20 educational institutions in India, such as the Manipal Academy of BFSI, Vellore Institute of Technology (VIT) Bangalore,Techno India University, Chanakya University, and The Apollo University, among others.

Upstox releases advisory for investors of impersonation scams

Upstox, a wealth management platform, has released an advisory about the rise in impersonation scams targeting investors. As AI adoption grows, the firm has noticed instances across sectors where individuals are attempting to mimic brands and deceive the general public.

While investigating these attempts, their cybersecurity team identified common patterns, including the creation and use of fake social media accounts, apps, WhatsApp groups, and websites pretending to be Upstox. These fraudulent entities offered educational courses, stock tips, and promise guaranteed returns.

It has further identified fake channels, such as ‘Upstox Facilities Group’ and ‘Upstox Investment Academy,’ which have been falsely asserting affiliation with the company. 

“We are committed to providing a secure investment environment and request all investors to conduct transactions only through our official channels. Please help us spread awareness and stay vigilant. Our goal is to ensure that every investor can transact with confidence and peace of mind,” said Ravi Kumar, CEO and Co-founder of Upstox. 

Korra Promotes Saket Vaidya to Chief Executive Officer

Digital marketing agency Korra has promoted Saket Vaidya to the position of Chief Executive Officer (CEO). Vaidya, who previously served as the Chief Operating Officer (COO), joined Korra’s leadership team in January 2017.

In his new capacity, Saket will concentrate on leading business growth initiatives and expanding market presence.

Before joining Korra, Saket held positions at various firms including Webchutney and Indigo Consulting (A Leo Burnett Company).

Eton Solutions launches AtlasFive for family office wealth management in India 

Enterprise management platform Eton Solutions is introducing AtlasFive, an ERP platform for family offices in India. The company has boarded Catamaran, the family office of Infosys founder Narayana Murthy, as its launch customer.

Based in North Carolina, USA, Eton Solutions has been operating in India for the last five years. They have a team of over 300 employees at their Global Technology Center in Bengaluru, providing support to AtlasFive clients worldwide.

Catamaran will use Eton Solutions’ platform to streamline its investment portfolio management and refine operational planning, reporting, and compliance. Currently, the ERP platform claims to oversee assets exceeding $781 billion for 665 families worldwide, processing over 11.5 million transactions annually across 92,000 entities.

(The copy will be updated with the latest news throughout the day)