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Oct 4, 2018

Rupee hit 73.77 against US Dollar and this is the lowest on record till date. For NRIs sending money to India it will fetch them excellent amounts but for those who want to repatriate their profits from doing business in India, they will see a huge shrink in what they recieve.

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Oct 2nd, 2018

A full-blown trade war between US and China ‘would knock around 17% off global trade growth, said WTO Director-General Roberto Azevedo.

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Keyphrases: US China Trade war, doing business in india

Oct 2, 2018

1. Google is expanding its Neighbourly app to five more Indian cities including Ahmedabad, Coimbatore, Mysore, Vizag and Kota. The app was first rolled out to Mumbai and Jaipur.

2. ShiftKarado, a tech-oriented packing and moving company, has raised an additional funding of Rs 5 Crore (USD 700K) from Star WorldWide Group. The funding was received in various rounds, with the final tranche coming in month.

3. Fintech platform Bon has raised $1.1 million (Rs 7.8 crore) in seed funding.

4. E-pharmacy startup Pharmeasy has raised Rs 40 crore (USD 5.7 Million) of debt funding from InnoVen Capital and working capital lines.

5. Gurugram-based multi-brand loyalty management company for retail enterprises, Payback is planning to expand its reach to neighbourhood kirana stores with point of sale (PoS) terminals.

6. Bengaluru-based vernacular knowledge sharing platform Vokal has raised $6.5 Mn in a Series A round of funding from Bengaluru-based venture capital (VC) firm Kalaari Capital.

7. Andhra Pradesh government has launched a mobile app called e-Rythu to reach out to farmer and agriculture marketplaces.

8. Pune-based Rev Snacks Pvt Ltd, the company that sells fruit snacks under the brand Frubites, has raised an undisclosed amount in funding led by the Mumbai Angels Network.

9. Jain Irrigation Systems Ltd has agreed to acquire ET Water Systems Inc., a California, US-based company that offers irrigation technology products

Keywords: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Sept 30, 2018

1. VC firm Unitary Helion has raised funds from US-based early stage Venture Capital firm Menlo Ventures for its $100M fund.

2. Gurugram-based logistics Unicorn Rivigo’s nearly 30 ex-employees have encashed on their stock options in the company, reaping in an estimated $10M.

3. Engineering company Greaves Cotton has entered a definitive agreement to acquire majority stake of 67% in Ratan Tata backed electric vehicle maker Ampere Vehicles for Rs 77 crore.

4. Enterprise mobility and digital transformation solution provider ONGO Framework has acquired digital marketing agency Hockystick Media in an undisclosed cash and equity deal. ONGO Framework has also raised $1 million (about Rs 7 crore) as part of its seed round.

5. Real estate veterans Anuj Puri and Yash Gupta along with CapitalM, the family office of realty developer RMZ Corp, plan to launch a $100M early-stage fund to invest in companies in the expanding property technology (proptech) segment, reported DealStreetAsia.

6. The Chennai Angels (TCA) has announced a Rs 2 Crore investment in Chai Kings, the largest Chai Retail Chain in Chennai.

Keyphrases: Doing Business in India, Investing in India, Make in India, Raising Funds in India

Sept 5, 2018

1. ClearDekho Becomes the First Retail Brand in India to Raise Funds from SOSV-MOX, Asia’s Leading Mobile Accelerator

2. Urban Ladder wants to raise $35-40 million to expand its offline presence, adding stores in Mumbai, Chennai and Pune by January.

3. Swiggy has held discussions with a host of investors to raise $500-700 million, a significant portion of which Tencent wants to contribute. The investment could value Swiggy at $2.5-3 billion, reported ET.

4. Fireside Ventures is on the verge to complete investment of $16 Million in 18 deals from its first fund which it had raised in March with a corpus of $49 Million.

5. Vernacular focused news and entertainment aggregation DailyHunt has raised over $6 million as a part of Series E funding round from New York-based hedge fund Falcon Edge.

6. HappyEasyGo, an online travel agency (OTA) platform, has raised an undisclosed amount in Series A+ round from Korea’s KIP, Samsung, China’s CITIC Capital and other Chinese investors.

7. Amazon today launched Hindi version of its online shopping website for Android mobile (app and web) users.

8. Walmart’s local R&D division acqui-hires micro-app startup Appsfly.io, a startup which develops micro-apps, will come on board.

9. Pune based Persistent Systems had acquired Herald Technologies, a US based healthtech startup for an enterprise valuation of $5.2 mn.

10. Early stage VC firm WaterBridge Ventures has exited its investment in online education startup Unacademy after selling stake to three venture capital firms Sequoia Capital, SAIF Partners and Nexus Venture Partners in the Bengaluru-based startup.

11. On Monday, ETMoney announced that it is shifting its platform to enable investments in zero-commission, direct mutual funds.

12. Ambit Finvest, part of investment bank Ambit Group, has acquired Finmax Credit & Finance, a unit of fintech firm Finmax that finances small and medium enterprises.

Sept 4, 2018

1. Ola is reportedly raising $70M from Chinese investor at $5B valuation

2. An India VC firm Unitary Helion has raised funds from US-based early stage Venture Capital firm Menlo Ventures for its $100M fund.

3. Gurugram (India)-based logistics Unicorn Rivigo’s nearly 30 ex-employees have encashed on their stock options in the company, reaping in an estimated $10M.

4. Engineering company Greaves Cotton has entered a definitive agreement to acquire majority stake of 67% in Ratan Tata backed electric vehicle maker Ampere Vehicles for Rs 77 crore.

5. Enterprise mobility and digital transformation solution provider ONGO Framework has acquired digital marketing agency Hockystick Media in an undisclosed cash and equity deal. ONGO Framework has also raised $1 million (about Rs 7 crore) as part of its seed round.

6. Real estate veterans Anuj Puri and Yash Gupta along with CapitalM, the family office of realty developer RMZ Corp, plan to launch a $100M early-stage fund to invest in companies in the expanding property technology (proptech) segment, reported DealStreetAsia.

7. The Chennai Angels (TCA) has announced a Rs 2 Crore investment in Chai Kings, the largest Chai Retail Chain in Chennai.

Sept 3, 2018

1. Google and Xiaomi are among investors lining up for two-year-old startup Where is my Train?, an app that provides live updates on trains without the use of internet and GPS.

2. Personal device management and after-sale services for electronic gadgets, Servify India has raised $15 million in Series B round led by Iron Pillar.

3. Budget hotel brand from India OYO has launched a membership programme Oyo Wizard.

4. Technology-based logistics startup Wheelseye has raised Rs 7 crore (around $1 million) from early-stage venture capital firm PRIME Venture Partners.

5. Ola has launched Ola Mobility Institute, a policy research and social innovation unit to develop knowledge frameworks that will focus on the intersection of mobility and public good.

6. WholesaleBox, a virtual marketplace for wholesale buying and selling, has raised Rs 15 crore ($2.1 million) across two rounds led by Orios Venture Partners.

7. Amazon is now in talks with Spencer’s Retail to pick up a minority stake in the food and grocery retail chain.

 

Sept 1, 2018

1. Google is partnering with four Indian banks to launch digital lending for consumers in India.

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.

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