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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.

Aug 29, 2018

1. Indian Space Research Organisation (ISRO) has announced its plans to launch incubators across India to groom space startups that build newer solutions in rocketry, communication satellites, and applications based on remote sensing data.

2. One97 Communications, the parent of digital payments company Paytm, has invested $16M in Gamepind Entertainment Pvt Ltd, a mobile gaming offering, in a joint venture (JV) with AGTech, a Hong Kong-based mobile games development company.

3. PolicyBazaar plans to work with China’s Ping An Insurance Group, which owns and operates Ping An Good Doctor — the world’s largest healthcare portal — to strengthen its new healthcare business DocPrime.

4. OYO has acquired Mumbai-based, an online marketplace for wedding venues and vendors, for an undisclosed sum.

5. Ola has appointed Ben Legg as managing director of its recently announced UK operations.

6. Hotstar's parent Novi Digital media has received an investment of Rs 516 crore from Star US, as per financial documents sourced from business intelligence platform 

7. Bengaluru and Delaware-based biopharma startup, Bugworks Research, has raised a Series A round of $9 million (about Rs 62.2 crore) led by the University of Tokyo Edge Capital (UTEC). 

8. Online mattress company Wakefit is in advanced talks with three venture capital funds including Sequoia Capital to raise about Rs 40 crore ($6 million), reported ET.

9. Saama Capital and Blume Ventures-backed queue management startup Sminq is in talks with private equity firms to raise $8-10 million, reported ET.

10. Amazon India on Friday has signed a memorandum of understanding (MoU) with the Uttar Pradesh government to support MSME entrepreneurs across nine districts as a part of the state’s One District One Product (ODOP) scheme, reported PTI.

11. Ultraviolette Automotive Pvt Ltd (UAPL), which is developing electric two-wheelers, has raised Rs 6 Cr in a Series A funding round from TVS Motor Company.

12. Zomato on Friday announced that it has extended its food delivery services to Dehradun, Agra, Patna, Mysore, Ranchi, Raipur, and Aurangabad.

13. 3 startups won cash prize at Samsung Global Startup Acceleration Program in Bangalore


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1. Self-drive car rental startup Revv has raised a funding of $14.27M (Rs 100 Cr) in a Series B funding round led by South Korea’s largest automaker Hyundai.

2. Online stock broking startup Zerodha has invested Rs 2.5 crore as seed fund in Sensibull, a startup working in the options trading business.

3. Tez by Google has just crossed 50 million downloads in India.

4. After raising its sixth fund at $695 million on Tuesday, Sequoia Capital India became the largest VC fund in the country, losses three directors (Abhay Pandey, VT Bharadwaj, Gautam Mago) in past 15 months.

5. Global ecommerce company eBay is starting an export business to facilitate Indian sellers to sell across its major markets.

6. Augmented reality startup, HoloSuit has raised an undisclosed sum of funding from three investors—Shabir Momin, co-founder of digital video platform Zenga Media Pvt Ltd; Rohit Nanda, a Singapore-based infrastructure sector equity investor; and Mohammed Sirajuddin, co-founder at co-working space provider Creator's Gurukul.

7. Info Edge (India) Ltd, which runs internet businesses and, has invested Rs. 2.64 crore ($377,071) in medical healthcare records platform Medcords.

8. Male grooming brand Bombay Shaving Company has raised Series A round of funding led by consumer goods major Colgate-Palmolive.

9. Packaged food products startup Sattviko has raised an undisclosed amount of funding from a bunch of angel investors.

10. Apple has removed Facebook's Onavo VPN app from the App Store since it did not comply with its privacy rules.

11. Indian community workplace discussion app Hush has raised an undisclosed amount as part of its first external round of investment led by early-stage venture capital firm Accel along with participation from Sanjay Nadkarni, currently country manager at Houzz India as also from a clutch of high networth individuals.

12. Car and bike pooling platform Quick Ride is in talks to raise $4 million in a round led by Sequoia Capital, reported ET.

13. IT company Tech Mahindra today said it will acquire Czech Republic-based engineering services firm Inter-Informatics for around Rs 8 crore through a wholly-owned subsidiary.

14. Oppo has finalized discussions with some of its key components makers to establish production facilities in India.

15. Recommerce platform InstaCash has raised an undisclosed amount in funding from CompAsia, a Singapore-based mobile lifecycle solution provider.

16. Cognizant said it has agreed to acquire SaaSfocus, a consulting firm specializing in digital transformation, leveraging the Salesforce Platform.


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April 26, 2018:
1.    The Government of India and the World Bank today signed a $125 million agreement to support India in developing an innovative biopharmaceutical and medical devices industry,
2.    Indian Railways will soon cover almost 90% of India’s railways stations under wi-fi network.
3.    The Indian ecommerce think tank, headed by Commerce Minister Suresh Prabhu, may finalise the framework around ecommerce policy in the next six months.
4.    Niti aayog will soon invite applications for Atal New India Challenge under which it will provide grants of upto Rs 1 crore (USD 160,000 appx.) to the applicants showing capability, intent and potential to productize technologies
5.    Tata Industries Ltd, a subsidiary of Tata Sons, has announced that it will sell its e-learning solutions unit, Tata Interactive Systems, to Noida-based publishing services company MPS Ltd.
6.    Ola has set up a Safety Council with an aim to further strengthen the mobility safety ecosystem in the country.
7.    Katapult Accelerator is inviting startups from India to apply for its third cohort.
8.    IDG Ventures, YourNest invest $2mn funding round in robotics startup emotix
9.    Online travel marketplace TripShelf has raised fresh funding of Rs 1.6 crore ($240,000) from a group of professional investors.
10.    Artificial Intelligence (AI)-powered "SocialMob," a music and content app, on Monday announced its official launch in India.
11.    Bengaluru-based startup research firm Tracxn Technologies Pvt. Ltd has raised more money in a fresh round of funding, reported VCCircle.
12.    Grofers starts last mile delivery through third-party business partners, reported Entrackr.
13.    SoftBank is reportedly transferring its $20 billion worth portfolio of ride-hailing firms including Uber, Ola, Didi Chuxing, Grab and Brazil’s 99 to SoftBank Vision Fund, reported FT.
14.    Payments startup Simpl has appointed Prashant Kashyap as Senior Vice President.
15.    Hyperdata.IO, Hyderabad-based Sales-Tech Startup, raises Investment from CCube Angels Network.
16.    San Francisco and Bangalore based developer tools startup, Hasura raises $1.6 million in seed funding from Nexus Venture Partners and GREE Ventures.


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