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Funding Startups in India - An update, Feb 23
Updated Feb 23, 2019 10:21 am
Feb 23, 2019
1. Sequoia Capital India is launching a startup accelerator and incubation programme called Surge where it will pick up 10–20 early stage startups twice every year and invest $1.5 million in each of them at the start of the programme.
2. Microsoft's Bing search engine goes offline in China
3. Ayurvedic healthcare and wellness startup Kapiva Ayurveda has received capital commitments of Rs 17 crore from Fireside Ventures and 3one4 Capital among others.
4. Google India spent Rs 1,100 Cr on media investments in 2018, reports ET.
5. Cars24, an online marketplace for buying and selling used cars, is the latest to join NBFC license line in India.
6. In its latest filings with the Registrar of Companies at the Ministry of Corporate Affairs, Rivigo revealed a 76.4% increase in revenue from Rs 408.11 crore in FY17 to Rs 719.85 crore in FY18. The losses, more than doubled in the latest reported fiscal from Rs 123.45 crore to Rs 270.23 crore.
Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India
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