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”.