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May 3, 2019

1. The Chinese video app TikTok is no longer available in Google and Apple app stores in India after a state court prohibited its downloads.

2. OYO China has fired 25 employees for unethical practices and misconduct, and issued warnings to over 100 more

3. Mukesh Ambani-led RIL gears up for e-comm initiatives, has begun withdrawing its products such as clothes, shoes including fashion and lifestyle products from its rival marketplaces like Amazon and Flipkart.

4. Reliance Jio Infocomm has approached the telecom department for in-flight connectivity licence, according to sources.

5. CivilCops, A Civic-tech Startup Raises Investment from Alfa Ventures

6. Supply chain management startup Increff has raised $3 Mn (INR 20.8 Cr) from Flipkart cofounder Binny Bansal and venture capital company 021 Capital.

7. Drug major Cipla Ltd is acquiring a 30 per cent stake in South African healthcare firm Brandmed (Pty) Ltd for Rs 32 crore

8. Motilal Oswal PE-backed Kurl-on, a mattress maker, has acquired US-based brand Spring Air’s operations across India, Bangladesh, Sri Lanka and Pakistan.

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April 18, 2019

1. Amazon buys US-based warehouse robotics startup Canvas Technology

2. Premium Organic Wellness Startup for women, Azah, Raises Seed Funding of $200K from Angel Investors

3. Indiastack members Sahil Kini and Nikhil Kumar have launched a fintech platform called Setu and raised $3.5 million in a seed round led by Lightspeed India Partners

4. Mumbai-based skills fintech NBFC, Eduvanz Financing Raises $2M from Unitus Ventures and the Michael & Susan Dell Foundation

5. Smile Group has invested $1 million in a seed round of Indipepper Media Pvt. Ltd, which operates real money gaming startup Zupee

6. Airbnb has invested about $75 million in the Series E funding round of OYO, According to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc.

7. RentoMojo is in discussions to close a fresh funding round of up to $40 million from existing investors as well as a new investor, reports DealStreetAsia.

8. 500 Startups India’s former partner Pankaj Jain has jumped in the entrepreneurial pool with startup advisory firm – Founder Craft, reports Entrackr.

9. British multinational publishing and education company Pearson plc has launched a venture fund, Pearson Ventures, with an initial capital commitment of $50 million over three years, to invest primarily in early-stage startups with Series A and B rounds, in US, the UK, Brazil, South Africa, India and China.

10. Tech-driven insurance startup Lemonade Inc has raised a $300 million funding round led by Japan’s SoftBank Group Corp.

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