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March 07, 2019

Swiggy acquires Bengaluru-based AI startup Kint.io

2. SoftBank's Vision Fund in talks to invest $1.5B in Chinese used car platform, Guazi.com.

3. Japan's Sojitz Corporation has signed a contract to invest in - ‘Continuum I’, a venture fund operated by venture capital firm 3one4 Capital Advisors.

4. Amazon and Walmart, which owns 77% stake in India’s largest online retailer Flipkart, together lost over $50 billion in market capitalisation on Friday after the government’s updated e-commerce policy came into effect.

5. Buyout fund Baring Private Equity Asia may buy stakes of founder promoters Rajendra Singh Pawar and Vijay Thadani in NIIT Technologies. which they founded in 2004.

6. Tech Mahindra has signed an agreement to purchase 100% of shares in Dynacommerce Holding B.V.

7. The promoters of Zee Entertainment Enterprises (ZEEL) are looking to sell up to a 25% stake to a strategic partner, reports Business Standard.

8. Annapurna Raised Rs 137 Cr from Asian Development Bank (ADB), eying more financial support to Rural Women

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March 8, 2019

“Determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India”, said Donald Trump. Read More

Key phrases; US India business, Donald trump India, India exports to US

March 05, 2019

1. The Central government is planning to launch a national centre for artificial intelligence. The centre is expected to be operational by July and work has begun for a launch.

2. Singapore's XSEED Education has acquired Chennai-based edtech startup Report Bee for an undisclosed amount.

3. R2 Data Labs, an innovation lab by British luxury automobile maker ‘Rolls-Royce’, will launch a startup accelerator in Bengaluru in April this year to develop a collaborative ecosystem of digital partners in India

4. Ankur Capital plans to use its ₹300 crore fund to write bigger cheques, make riskier bets and make greater investments in successful portfolio companies, reports DealStreetAsia.

5. Venture capital firm A91 Partners has reportedly invested ₹60-70 crore in Mumbai-based make-up brand Sugar Cosmetics.

6. Online pharmacy Medlife International has acquired Medlabz, a digital healthcare platform and home diagnostics services company for an undisclosed amount.

7. After breaking up with Flipkart in May 2018, eBay has relaunched in India on New Years’ Eve.

8. In collaboration with WhatsApp, StartupIndia has launched a microsite for the registration of Startup India – WhatsApp Grand Challenge. The initiative will grant a total of $250,000 to the top 5 winners.

9. MakeMyTrip plans to opt out of the government scheme on accreditation of OTAs and bed-and-breakfast establishments.

10. Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet's Google, JD.com and Tencent Holdings, reports ET.

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2nd March 2019

US's FDA (Food and Drug Administration) chief, Scott Gottlieb, supports generic medicines manufactured in India. Read more

Keyphrases: generics manufactured in India, generic medicines manufactured in India, FDA chief supports generics made in India, Indian drug companies manufacturing generics

March 03, 2019

Zomato is reported to be in talks with Berlin-based food tech major Delivery Hero to sell them its United Arab Emirates (UAE) business for about $200-250 million.

2. Uber is launching UberBOAT in Mumbai and also expanding into waterways.

3. Blockchain-based unsecured personal loan marketplace StreamSource has raised $1 million seed fund from Accel India.

4. Swiggy is piloting hyperlocal grocery delivery services through a separate app Swiggy Dash, to launch in Gurugram.

5. Saama Capital leads $1.3 million seed round in insurtech startup Kruzr

6. Lending startup MoneyOnClick has raised $2.15 million in a seed funding led by venture capital firms Orios Venture Partners, Kalaari Capital, and 3one4 Capital.

7. Blockchain startup InfiniChains raised $2.4 million in its Series A funding round from Ajanta Pharma founder Purushottam Agrawal.

8. Sachin Bansal has now invested $7 million in his new venture BAC Acquisitions.

9. India Life Sciences Fund, a healthcare and pharmaceuticals-focused private equity fund advised by InvAscent, has raised $250 million for its third growth capital fund.

10. Veterinary pharmaceuticals company Ashish Life Science has raised Rs 45 crore in a round led by Eight Roads Ventures.

11. Bengaluru-based ApEnter Mechatronics has raised Rs 10 crore in a Series A funding round led by Inventus India and KITVEN.

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March 01, 2019

India expected to increase its share of the global software products market 10 fold to $70-80 billion by 2025 from its current size of $7.1 billion. To achieve this, 1 million IT professionals will be upskilled and specialised training will be offered to to 10,000 professionals to take up leadership roles. Read more

March 01, 2019

1. Oyo is in advanced talks to acquire Innov8 for Rs 200 crore in an all cash deal.

2. Paytm on Tuesday announced the acquisition of Delhi-based hotel booking platform Nightstay for an undisclosed amount

3. Slack, the business messaging service, now has more than 10 million daily active users

4. Pinterest, the image search website, has hired Goldman Sachs Group and JPMorgan Chase to lead its initial public offering (IPO) later this year.

4. Bangalore-based startup SimYog has raised Rs 6.3 crore led by Robert Bosch Engineering and Business Solutions (RBEI) along with participation from Ideaspring Capital.

5. Online news & stories portal, The Better India, has raised an undisclosed amount in its Series A round led by Elevar Equity with participation from TPG Rise (The Rise Fund).

6. OYO Hotels Launches in Philippines with over $50 Million commitment

7. AI Startup Clootrack Raises $500K in Seed Funding from Indian Angel Network

8. Bangalore-based Startup AptEner Mechatronics Raises Series A Funding of Rs 10 Cr

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March 4, 2019

India is investing $20 million to create ‘Innovation and Entrepreneurship’ hubs in higher education institutions that bring American universities to its campus. Read here

Keyphrases: US India education partnership, India investing in education, American universities in India, US-India Cooperation in Higher Education

Feb 28, 2019

1. Crio.Do, a learning platform for developers, has raised $1 million in seed funding led by Binny Bansal, co-founder and former group CEO of Flipkart, along with others.

2. Deep technology startup CreditVidya has raised $3 million from Bharat Innovation Fund and the partners at Falcon Edge Capital who have invested in their personal capacity.

3. Grofers has recorded a revenue of Rs 310 crore in January 2019. The marketplace has further added 2.5 lakh new customers this January and eyes a revenue target of Rs 2,500 crore for FY 2019.

4. To promote the use of electric vehicles by private owners, Gujarat Government had a meeting with taxi service providers like Ola and Uber and have asked them to start electric vehicle services. The government may give some incentives to them to promote use of EVs.

5. Shoppers Stop is seeking more clarity on whether the government’s latest foreign direct investment (FDI) guidelines could affect its stake sale to Amazon. Nearly two years ago, ecommerce giant Amazon acquired a 5% stake in Shoppers Stop.

6. Talent Technology Startup Shortlist Raises $2M In Series A Funding led by Blue Haven Ventures.

7. Early stage venture fund Fireside Ventures has announced a series of six investments in consumer brands - Azani Sports, Bog Orchid, Transformative Learning Solutions (The Ayurveda Experience), Kapiva Ayurveda, Tangy Turmeric (Tasty Tales) and AnKaSumMor Foods.

8. Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies.

9. Roots Ventures, an investor in startups and growth-stage companies, has made its first investment in Supa Star Foods Pvt. Ltd, a packaged food and beverage maker.

10. ZunRoof, an Indian solar rooftop startup, has raised an undisclosed sum in its third round of angel funding.

11. Oizom Instruments, an Internet of things (IoT) startup, has raised an undisclosed amount in seed funding from CIIE.

12. FMCG company Emami Ltd has acquired German personal care brand Creme 21.

13. T-Hub Appoints Ravi Narayan as its New CEO

14. Venture Catalysts invests undisclosed amount of funds in roasted super snacks brand, Keeros' seed funding round

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Feb 27, 2019

1. Reliance Jio has launched JioRail app that allows the owners of JioPhone users to book or cancel tickets from their phones.

2. Facebook launches a new "Privacy and Data Use Business Hub" to help businesses understand ways in which they could protect user-information while using the platform.

3. OYO is aiming to expand its operations in 100 cities across Indonesia by the end of 2019.

4. Online higher education platform UpGrad will invest Rs 100 crore in advertising and brand building activities in 2019

5. Kutuki, an early learning content firm, has raised an undisclosed amount in pre-seed funding from Mphasis founder Jerry Rao and Better Capital.

6. Flipkart-owned PhonePe is expanding its fintech platform by adding financial services for the Millennial generation.

7. Ola has reportedly more than halved its budget for Foodpanda in an attempt to focus on private label brands to boost growth.

8. Rebel Foods Pvt. Ltd, which owns Faasos brand of internet kitchens, is looking to raise up to $150 million in fresh funding, reports DealStreetAsia.

9. BSNL has reportedly signed a machine-to-machine (M2M) communication deal with Mumbai-based automobile manufacturer Tata Motors for supplying embedded SIM cards to transform the automaker’s vehicles into smart cars.

10. ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Axis Bank are among the consortium of 11 big lenders set to launch the country’s first blockchain-linked funding for small and medium enterprises (SME), reports ET.

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