Funding Startups in India - An update, Feb 27
Updated Feb 27, 2019 02:27 pm
Feb 27, 2019
1. Reliance Jio has launched JioRail app that allows the owners of JioPhone users to book or cancel tickets from their phones.
2. Facebook launches a new "Privacy and Data Use Business Hub" to help businesses understand ways in which they could protect user-information while using the platform.
3. OYO is aiming to expand its operations in 100 cities across Indonesia by the end of 2019.
4. Online higher education platform UpGrad will invest Rs 100 crore in advertising and brand building activities in 2019
5. Kutuki, an early learning content firm, has raised an undisclosed amount in pre-seed funding from Mphasis founder Jerry Rao and Better Capital.
6. Flipkart-owned PhonePe is expanding its fintech platform by adding financial services for the Millennial generation.
7. Ola has reportedly more than halved its budget for Foodpanda in an attempt to focus on private label brands to boost growth.
8. Rebel Foods Pvt. Ltd, which owns Faasos brand of internet kitchens, is looking to raise up to $150 million in fresh funding, reports DealStreetAsia.
9. BSNL has reportedly signed a machine-to-machine (M2M) communication deal with Mumbai-based automobile manufacturer Tata Motors for supplying embedded SIM cards to transform the automaker’s vehicles into smart cars.
10. ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Axis Bank are among the consortium of 11 big lenders set to launch the country’s first blockchain-linked funding for small and medium enterprises (SME), reports ET.
Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India
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