BENGALURU: Cyient is expanding its development centre in Warangal (Telangana) to 800 employees, up from 200 currently, even as the engineering research and development company has cut jobs in the last year to combat a business slowdown The Warangal centre will be its largest in the area, the company said.

“We are delighted to expand our footprint in Warangal, a city that has a rapidly evolving talent ecosystem.

Cyient’s expansion in Warangal comes after it had cut about 70 jobs in the June quarter.

In the September quarter, the company’s headcount was down by 185 sequentially.Warangal is also seeing interest from other IT players such as Tech Mahindra , which has also set up centres in the past two years.

Tier-II locations in states are seeing increased interest from companies looking to diversify out of major metros. | To read full story, visit https://startuparound.com/read/1578369606.9820125/Cyient-to-hire-800-for-its-Warangal-R&D-unit?ref=audio_experience

The company is looking to set up 150 stores in Mumbai and PunePharmacy chain Generico has raised $1.39 Mn (INR 10 Cr) in Series A from venture debt fund Alteria Capital.

The investment was a part of Alteria’s venture debt fund of $134 Mn (INR 962 Cr), which got its final close in July 2019.

Back in September 2019, Generico raised $11 Mn in Series A from Lightbox, marking the investment firms entry into the healthcare segment.

Founded in 2017 by Siddharth Gadia and Girish Agarwal, Mumbai-based Generico is a specialised pharmacy retail chain of generic medicines that are more affordable than brand-name medicines.

The pharmacy chain also wants to expand its outlet from the current 49 stores to 150 stores in Mumbai and other cities such as Pune by 2021. | To read full story, visit https://startuparound.com/read/1578367909.9437008/Pharmacy-Chain-Generico-Bags-INR-10-Cr-From-Alteria-For-Expansion?ref=audio_experience

The ad spend is expected to rise this year despite changes to how political ads run on Twitter, Google and TikTokAhead of the Delhi elections, scheduled for next month (February 8), political parties are moving to spend heavily on social media campaigning and ads.

The ad spend is expected to rise this year despite changes to how political ads run on Twitter, Google and Chinese short-video platform TikTok owned by ByteDance.

Some political parties even pay people for posting tweets on their behalf,” Arora was quoted as saying.

Cyber experts across the world have been asking for a ban on all political ads on social media platforms.

In India, Twitter had committed to taking a more stringent view of political advertisers in India ahead of the Lok Sabha elections in 2019. | To read full story, visit https://startuparound.com/read/1578366007.5163352/Political-Parties-Spend-Heavily-On-Facebook,-TikTok-Ahead-Of-Crucial-Delhi-Polls?ref=audio_experience

Whether you’re looking to broaden your real estate investment portfolio or to make some extra income with rental properties, the attributes of a savvy entrepreneur will make you stand out.

How do you run a rental property like a savvy entrepreneur?

Successful entrepreneurs understand the importance of scalability in business, and you need to hack into this knowledge in order to run your rental property like a savvy entrepreneur.

When banks make calculations for rental properties, the assumption is that out of 12 months in a year, a rental property is only occupied for 10 months.

However, to maximize your profitability from rental properties, short term contracts come highly recommended. | To read full story, visit https://startuparound.com/read/1578364207.4189026/How-To-Run-Rental-Properties-Like-A-Savvy-Entrepreneur---Young-Upstarts?ref=audio_experience

India’s first fashion truck is set to get on road, courtesy Bengaluru-based Concord Ventures Group.

Founders Sridhar and AnkitThe pilot of the first fashion truck is under way in Bengaluru, and it promises an unparalleled shopping experience.

In early 2019, they decided to instead opt for a new-age retail solution: a fashion truck.

The fashion trucks will be parked near colleges during mornings, in the proximity of IT parks and offices during afternoons, and at malls during weekends.

“We want to be a $10 million company in three years along with Adamo London and Evah London,” Ankit says. | To read full story, visit https://startuparound.com/read/1578362406.752926/How-Truck-and-Mortar-aims-to-drive-the-future-of-apparel-retail-with-fashion-trucks?ref=audio_experience

However, selling online isn’t as easy as it might initially seem.

Will they be interested when you sell your products online?

Many entrepreneurs and startups can reap the benefits of selling their products and services online – whether they are producing niche or mass-market products.

Following on from the above point, you must look at what competition you would face by selling your products online.

When selling online, you want the purchase process to be as simple as possible for your customers. | To read full story, visit https://startuparound.com/read/1578360611.975859/Top-5-Factors-To-Consider-When-Selling-Your-Products-Online---Young-Upstarts?ref=audio_experience

CES awards cannabis company then bans it from mentioning cannabis when exhibiting And you can put your weed in thereKeep Labs won an Innovation Award Honoree award for CES 2020 but is banned from saying the word “cannabis” on the CES show floor.

It looks like a smart speaker with a clock, but if you engage the biometric lock, the top opens, revealing several storage containers for cannabis products.

For cannabis companies, renting a hotel room bypasses the CTA’s rules, but not Nevada state laws.

And for cannabis companies looking to make deals, there are few legal locations where they can demonstrate their products.

TechCrunch confirmed at the time the CTA also prohibited Lora DiCarlo from exhibiting at CES, citing the company doesn’t fit a product category. | To read full story, visit https://startuparound.com/read/1578358809.9535148/CES-awards-cannabis-company-then-bans-it-from-mentioning-cannabis-when-exhibiting-–-TechCrunch?ref=audio_experience

1 Share EmailFacebookTwitterLinkedInHighRadius, which has developed AI-powered fintech software, announced today it has raised $125 million in a Series B growth funding round led by ICONIQ Capital.

It previously raised a $60 million Series A over late 2017 and early 2018.

Late last year, I covered Toronto-based 1Password’s massive $200 million Series A in its first external round of funding in its 14-year history.

In other other words, Narahari told me, it “helps companies get paid faster on their receivables” via AI and machine learning.

“Receivables make up about 40 percent of a company’s balance sheet,” Narahari told me. | To read full story, visit https://startuparound.com/read/1578357007.3321981/Houston,-We-Have-A-New-Unicorn:-HighRadius-Raises-$125M-Series-B?ref=audio_experience

According to Reuters, while the rest of the world was distracted watching Rappi’s lightning expansion, this unicorn was courting restaurants, supermarkets, stores, as well as some major food giants.

As part of this data-gathering approach, the startup will continue its expansion into more parts of Latin America.

Parties interested in reaping Rappi’s harvest of data include Nestlé and brewer Anheuser-Busch InBev.

Fuel growth and go placesThe startup wants to continue gobbling up data by adding new users to its app.

But if this expansion continues, it may face off with Salvadoran Hugo, a last-mile delivery startup that’s already well-known in those parts. | To read full story, visit https://startuparound.com/read/1578355208.6130733/The-secret-behind-Rappi’s-lightning-expansion-in-Latam:-data?ref=audio_experience

0 Shares EmailFacebookTwitterLinkedInVenture capital and private equity firm Insight Partners plans to acquire Armis Security at a valuation of $1.1 billion, the company announced Monday.

The transaction is expected to close in February, and the company did not disclose the acquisition price.

Other investors include Bain Capital Ventures and Red Dot Capital Partners.

With its acquisition by Insight, Armis will still operate independently and be managed by co-founders Yevgeny Dibrov and Nadir Izrael, the company’s CEO and CTO, respectively, and its executive team.

Insight founder Jeff Horing, managing director Teddie Wardi and Cyberstarts founder Gili Raanan will be on Armis’ board of directors. | To read full story, visit https://startuparound.com/read/1578353407.4533331/Insight-Partners-To-Acquire-Armis-Security-At-$1B-Valuation?ref=audio_experience