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March 10, 2019

 1. China's Didi Chuxing has invested $100 million in OYO.

2. Ebix Inc has acquired an 80% stake in on-demand SaaS travel technology firm Zillious Solutions.

3. Nanotechnology startup Nanoclean Global Pvt Ltd has raised $600,000 in a pre-Series A round from LetsVenture, and others.

4. Daily tasks management app Dunzo has raised $3.1 million in a Series C round of funding from Blume Ventures and others.

5. Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire NIELSEN+PARTNER (N+P) for $31.6 million.

6. Tech platform MoveInSync plans to debut its eponymous ride-hailing app in a pilot project in Bengaluru. Starting with about 500 cars.

7. Amazon and General Motors are in talks to invest in Rivian Automotive in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion.

8. Skechers, a US-based lifestyle and footwear brand, has bought Future Group’s 49 per cent stake in their joint venture for about Rs 580 crore.

9. Assisted e-commerce platform for small retailers ShopX has acquihired GabbarDeals, an omnichannel mobile phone retail brand.

10. Neo-banking fintech startup — Open — has raised $5 Mn Series A funding led by Beenext, Speedinvest and 3one4 Capital.

11. New Delhi-based Robotech Selected for Startup Grind 2019 Accelerate Program.

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March 09, 2019

1. Ola has raised an additional Rs 112 crore from a bunch of US-based investors as part of its ongoing Series-J round which values the company at $5.7 billion.

2. Business messaging service Slack has confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly.

3. Tesla has agreed to buy energy storage company Maxwell Technologies for $218 million in an all-stock deal.

4. Google has deleted 29 malicious "beauty camera" apps that were sharing pornographic content and forwarding users, particularly in India, to phishing websites to steal their information.

5. Ousted Flipkart founder Binny Bansal is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. It’s aimed at helping entrepreneurs navigate the often-tricky Indian startup scene.

6. TPG Growth will invest $30 million in Solara Active Pharma, a manufacturer of active pharmaceutical ingredients (API).

7. Rental and seller of refurbished home appliances and furniture, Guarented, has raised an undisclosed amount in its ongoing Pre-series A funding round from Mumbai Angels Network.

8. Germany-based automotive components manufacturer Schaeffler Group is reportedly planning set up a local electric vehicles engineering unit in India.

9. AI-driven logistics platform,, has raised Pre-Series A funding from India Quotient and LetsVenture’s Angel Fund, with participation from angel investors.

10. The Unified Payment Interface (UPI) registered 672 million transactions amounting to Rs 1,09,932.43 crores in Jan; and the government promoted BHIM processed 13.98 million transactions amounting to Rs 6,202.51.

11. Myntra launches clothing rental service called 'Myntra X Flyrobe' with Mumbai-based online fashion rental platform – Flyrobe in four cities – Delhi (NCR), Hyderabad, Mumbai, and Bengaluru.

12. The US-based brokerage firm Morgan Stanley has indicated that Walmart may exit Flipkart if the US retail giant does not see a long-term path to profitability.

13. Google's parent Alphabet logs $39.3B in revenue on Google ad business

14. A total of 15,632 startups have been recognized to date by the Department of Industrial Policy and Promotion (DIPP) since the launch of Startup India initiative in January 2016.

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March 8, 2019

Electric vehicles is certainly the future from both commerce and pollution control perspective. Indian Government to spend US $1.4 Billion as subsidy on sales of electric and hybrid vehicles.. Read more

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March 07, 2019

Swiggy acquires Bengaluru-based AI startup

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

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

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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, 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

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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