India Startup Funding Update, Sept 1

2. Uber Elevate, the aerial taxi arm of Uber, is considering India as one of the five countries where it wants to launch the service.

3. Leap India, a logistics company that rents out pallets and large foldable containers, has raised Rs 200 crore debt from Piramal Capital & House Finance and is in talks with private equity firms to raise equity worth another Rs 250 crore.

4. Kalaari-backed SME payments platform Instamojo launched two new products, MojoXpress and MojoCapital, on Tuesday, and said it was targeting $1b in transactions by 2019.