Tuesday, Sep 21 2021 | Time 21:55 Hrs(IST)
Business Economy

Bhavin Turakhia-founded Titan raises $30 million from Automattic

New Delhi, August 3 (UNI) Entrepreneur Bhavin Turakhia-founded email start-up Titan on Wednesday said that it has secured a $30 million investment from Automattic, the parent company of WordPress.com.
The investment values Titan at $300 million.
"The investment in Titan comes on the heels of last month's announcement that Zeta, Bhavin's modern banking startup, reached unicorn status with a $1.45 billion valuation following a $250 million investment from SoftBank," an official statement said.
In Titan, Bhavin aims to disrupt the email market by delivering the first email suite built to bring businesses closer to their customers.
"Email is used by over 1/6th of the global population for work, yet very little innovation has happened in business email over the last two decades,” said Bhavin, Founder and CEO of Titan.
"In Titan, we've built a platform specifically designed for professionals and businesses with features that drive their goals – streamlining workflows, automating tasks and making conversations richer and more contextual," he added.
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I-T department raids textile firm, claims Rs 350 crore stashed in foreign accounts

21 Sep 2021 | 9:33 PM

New Delhi, Sep 21 (UNI) Carrying out a search and seizure operations on a leading textile company, the Income Tax (I-T) department has claimed that the firm had hidden Rs 350 crore in foreign banks and also routed these funds back into its business through shell entities in tax havens.

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Solana snag exposes ‘critical vulnerabilities' in open-source projects: Telos

21 Sep 2021 | 8:56 PM

Mumbai, Sep 21 (UNI) Solana blockchain’s 17-hour outage, which resulted in the network having problems validating transactions, exposes critical vulnerabilities in the way Solana counts and handles transactions, Douglas Horn, chief architect of Telos Blockchain, said on Tuesday.

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Trend Micro launches its first Cloud One data centre in India

21 Sep 2021 | 8:41 PM

Bengaluru, Sep 22 (UNI) Trend Micro Incorporated, the global leader in cloud security, today announced the launch of its Cloud One regional data center in India, to uphold data sovereignty and safeguard data privacy in the country.

Cloud One is Trend Micro’s flagship cloud security services platform for protecting servers, resources, and applications in the cloud. Trend Micro takes the lead by becoming one of the first security vendors to have the broadest set of services around cloud security, delivered out of India. This move follows Trend Micro’s launch of its regional XDR data lake in India last year, according to a release issued on Tuesday.

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Healthcare firm Oxxy lines up health plans worth Rs 10,000 crore

21 Sep 2021 | 8:31 PM

New Delhi, Sep 21 (UNI) Targeting those with no health insurance cover or inadequate protection, healthcare firm Oxxy has lined up ultra affordable medical plans worth Rs 10,000 crore.

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AIBEA requests Nirmala for waiver of GST on insurance premium paid by bank retirees

AIBEA requests Nirmala for waiver of GST on insurance premium paid by bank retirees

21 Sep 2021 | 7:35 PM

Hyderabad, Sep 21 (UNI) All India Bank Employees' Association (AIBEA) on Tuesday requested Finance Minister Nirmala Sitharaman for waiver/reduction in GST on the premium paid by Bank retirees-- Senior Citizens towards Health Insurance Policies and issue one time Advisory to General Insurance Companies to waive ICR norms on account of COVID-19 while fixing premium for the current year.

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