By Maulik Vyas
.Indian law firms are developing newer practice areas – from forensic to AI and from blockchain to defence advisory – to keep pace with the evolving nature of businesses.
With technology disrupting all walks of life, the legal industry, too, is seeing a growing demand for legaltech and regtech to increase efficiency and lower operational costs.
The 80 titles approved on Saturday did not include games from industry leader Tencent.
The round follows previous investments from AVICTC, Lenovo Capital, Shenzhen Weiyue Creative Investment Group and Mango Cultural and Creative Industry Private Equity Fund.
LogiNext, which raised its Series A round of $10 million from Alibaba-backed Indian payments major Paytm, is looking to raise its next round of funding which is said to be in the region of $10 million.
Google’s main search platform has been blocked in China since 2010, but the Alphabet Inc unit has been attempting to make new inroads into the country.
The news comes as a controversial cybersecurity law is set to take effect next month, requiring global technology firms to open local offices and store data in the country.
According to UK media reports, Khazanah has blocked an emergency fundraising by the unicorn startup, causing Blippar to inform its shareholders that it has been left with no option but to give notice to start insolvency proceedings.
CloudMagic was incubated inside Webyog, which built tools for database management, and was spun off as a separate company in 2013.
The MAS will co-fund up to 50 per cent of qualifying expenses capped at $2.2 million under this scheme.