India Startup Funding Update, Sept 3
Updated Sep 03, 2018 01:42 pm
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.
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