India Startup Funding Update, Jan 14

4. Xiaomi has opened more than 500 Mi Stores across villages in India by October 29.

5. Jungle Ventures, Softbank’s DeepCore invest $29.5 mn in software marketplace Engineer.ai

6. Aye Finance, a Gurgaon-based digital lending startup for small and medium businesses, has raised ₹70 crore in debt funding from social impact fund BlueOrchard.

7. BigBasket is expecting 40% of its projected revenue to come in from its private labels.

8. Digital lending app InCred has secured a funding of Rs 300 crore led by founder Bhupinder Singh and its private equity investors like Paragon Partners by Siddharth Parekh.

9. Ola is expanding its operations in the UK with extension of its services in South West England.

10. MakeMyTrip appoints Vipul Prakash as COO

11. Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years

12. Agritech startup CropIn Technology has raised $8 million in its Series B round of funding from Chiratae Ventures and Bill & Melinda Gates Foundation.

13. DeTech Technologies, a Chennai-based robotics start-up, raised $3.3 million in a Series A funding round led by SAIF Partners.

14. Instagram is finally cracking down on fake followers, likes, and comments generated by applications tailored to make accounts appear more popular than they actually are.

15. Fintech & Big Data Technology Platform Goals101 Expands Operations to Qatar, Middle East