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Startup news and updates: daily roundup (Feb 12, 2021)

IT services major Infosys on Thursday said it will invest an additional $ 1 million (about Rs 7.2 crore) in ideaForge Technology, a UAV systems manufacturing company. In 2016, Infosys had announced investing in ideaForge, an Indian start-up focused on unmanned aerial vehicle or UAV solutions (drones) Walmart-owned Flipkart on Thursday said it has partnered with Maharashtra Small Scale Industries Development Corporation and Maharashtra State Khadi & Village Industries Board to bring local artisans and small as well as medium businesses into the ecommerce fold. The partnership under Flipkart Samarth programme will enable Maharashtra s local artisans, weavers, craftsmen and smaller industries to showcase their hallmark products like Khadi, Paithani sarees, wooden toys, handmade artefacts, jewellery and paper products, purses and other key handicraft products to customers across the country, a statement said.

[Funding alert] FingerprintJS raises $8M in Series A for fraud prevention APIs

[Funding alert] FingerprintJS raises $8M in Series A for fraud prevention APIs The browser fingerprinting as a service startup will use the funding to further enhance its product offering and accelerate adoption. 0 claps FingerprintJS Inc, on Friday announced that it has raised $8 million in Nexus Venture Partners. Uncorrelated Ventures, Hack VC, ERA s Remarkable Ventures fund and prominent angel investors including Rony Kahan, Chairman and Co-founder of Indeed.   “Just as Stripe disrupted payment processing or Twilio disrupted communications by focusing on developers, FingerprintJS empowers developers to solve online fraud,” said Dan Pinto, CEO of FingerprintJS. In a statement, the company said that it has several clients based in India already using its solution and several in evaluating/contract stages.

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