Start-up Saturday: Zoho Acquires ePoise Systems & Hyperlocal Space Gets Exciting

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  • It’s 2019 and acquiring startups is a trend that refuses to die down. Cloud firm Zoho Corporation has acquired ePoise Systems, a hiring automation product start-up for an undisclosed amount. 

 

  • As Swiggy forays into the hyperlocal space, the existing players get alert. To challenge the unicorn, Google-backed AI-based startup Dunzo is in the final stages of closing a $15-20 million funding round.

 

  • After SoftBank, another Japanese fund takes interest in the Indian startup community. Akatsuki Entertainment Technology Fund (AET Fund) is looking to invest $50 million in Indian and US-based startups operating in content, media and entertainment. 

 

  • The growth in digital payments sector is definitely bringing on different innovations. Indian B2B digital payments provider PayMate has partnered with Visa to expand its presence to 92 countries.

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