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India this Week: What all happened in Indian Technology, Business & Startup Ecosystem

Submitted by Navin Pathak (Yahoo) on Mon, 01/22/2018 - 5:34pm.

Today's top news & stories of the Indian startup ecosystem.

▶ Nexus Venture Partners, is expected to raise its fifth fund targeting a corpus of $350Mn-$400 Mn.

▶ Paytm has launched the Paytm for Business app on Android Play Store today.

▶ Patiala Court restrains ecommerce behemoth Flipkart from using MarQ label.

▶ Income Tax department asks ecommerce giant Flipkart to Reclassify discounts as capital expenditure. 

▶ Inc42 Exclusive: Skillate has raised an undisclosed amount of funding from Incubate Fund India, and others.

▶ RailYatri has acqui-hired Kochi-based food delivery technology startup,YatraChef.

▶ Goomo has acquired a B2B vehicle rental marketplace WagonBee. 

▶ OptaCredit Fintech Private Limited secures $4 Mn credit line from DMI finance. 

▶ AEON Learning has raised $3.2 Mn in a Series B funding round from MEMG Family Office LLP.

▶ Stating that its 100% committed to India, Uber has dismissed report of its exit from the Indian market as “baseless speculation”. 

Comments

Funding
I want to know more about funding opportunities in India
     
Funding in India
Funding opportunities are immense in India. There are many angel networks and VCs that you can connect with.
     
I am astonished about the
I am astonished about the activities in India's startup system.
     
India Start-up Ecosystem
India's start-up ecosystem is building up very strong and fast. Billions of dollars are being invested in entrepreneurs with new ideas.
     
Capital Raised by an Indian company
Can you share which startup has raised the most capital from VCs in India?
     
Flipkart
Though I am not sure but I guess Flipkart is an Indian company which has received the most money from VCs.
     

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