News This Week That You Need to Remember

Techstory brings you this week’s top stories which you might have missed! So start your Sunday by updating your knowledge with these top news that happened this week across the globe! And Yes it’ll take just a few minutes to go through this! Get Wisdomatic!

BookMyShow Acquires 75% Stakes in Townscript

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Ticket booking platform BookMyShow’s parent company Bigtree Entertainment Private Limited has acquired 75% stake in Pune-based Townscript.

Commenting on the said move, Ashish Hemrajani, Co-founder of BookMyShow says, We definitely expect to see more traction in the space of do it yourself ticketing events. It’s unique and addresses a different set of users who want to set up their own events. They will operate as an independent entity but will be accessible through the BMS site and gain access to our existing user base.

Dating App Aisle Raises Funding from CIO Angel Network

news this week aisle

Online match making app Aisle has raised an undisclosed amount in an angel round led by the CIO Angel Network.

“Online matchmaking in India is a gender, age, proximity, faith and mother tongue based business. We think it’s also essential to understand a person’s taste & intent – these are equally important to us. Aisle’s balance in these criteria are good and this balance adds much value to singles looking for meaningful relationships, especially women,” explains Able Joseph, Founder & CEO of Aisle.

VR startup Imaginate Raises $500,000 from SRI Capital

news this week imaginate funding

Virtual reality startup Imaginate has raised $500,000 from the seed-stage venture fund SRI Capital. SashiReddi, managing partner of SRI Capital, has joined the startup’s board. Imaginate’s early seed investor IIIT Hyderabad has exited with this funding round.

“The funds will be used to scale up operations in the US and run pilots with large-scale organisations,” Imaginate’s managing director Hemanth Satyanarayana said, adding the company was looking to raise more capital next year.

Tata Motors, Microsoft India Team Up to Develop Connected Cars

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Tata Motors and Microsoft India today announced a strategic agreement to redefine connected and personalized driving experiences for Indian customers.

Tata Motors will leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI), advanced machine learning, and the Internet of Things (IoT) capabilities on the global hyper-scale Azure cloud, to traverse the digital and physical worlds and create a highly personalized, smart and safer driving experience across the digital life of a vehicle owner.