Connecting Businesses with Opportunities in India

News You Can Use

April 21, 2019

1. Flipkart cofounder Sachin Bansal is expected to pick up as much as 75% stake in Chaitanya Rural Intermediation Development Services which runs a microfinance institution, Chaitanya India Fin Credit (CIFCPL), reports ET. Bansal could take up the role of the company’s CEO once the transaction goes through.

2. PayU has announced the acquisition of Cupertino California based payments security and mobile payments technology company Wibmo for $ 70 million.

3. Vivo will invest more in India to bring its design and research and development (R&D) centres to support its ‘make in India’ strategy, having already announced Rs 4,000 crore investment

4. Angel tax free: 277 startups have got an all clear certificate from income tax department

5. Healthcare platform Curefit has launched an incubator that will invest $5 million to back emerging brands under its Eatfit business. The company plans to incubate 10 brands across snacks, beverages, spa food, supplements and meal replacement categories.

6. Reliance Jio has consolidated its portfolio of news and magazine apps under JioNews, which will be available as a mobile app and also as a website.

7. Online pharmacy Medlife has raised about $17 million in an equity financing round from founder Tushar Kumar’s family trust, Prasid Uno Family Trust, reports Inc42.

8. Consumer lending company Credy has raised an undisclosed amount in a pre-Series A round of funding. reports Inc42.

9. Online global travel community for travellers, Tripoto has raised $3.6 Mn (INR 25 Cr) in a fresh funding round from Orchid India, Hornbill Orchid India Fund, Chiratae Ventures, 3one4 Capital and Lasmer NV.

10. Ola stops ride-sharing facility between 11 PM to 6 AM in Bengaluru and Chennai

11. US-based retail-focused VC Silicon Road has launched an accelerator for foodtech and retail startups in Mysuru, Karnataka, in association with NUMA, an international innovation hub from France.

Keyphrsases: 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, Funding Startups in India

April 18, 2019

1. Amazon buys US-based warehouse robotics startup Canvas Technology

2. Premium Organic Wellness Startup for women, Azah, Raises Seed Funding of $200K from Angel Investors

3. Indiastack members Sahil Kini and Nikhil Kumar have launched a fintech platform called Setu and raised $3.5 million in a seed round led by Lightspeed India Partners

4. Mumbai-based skills fintech NBFC, Eduvanz Financing Raises $2M from Unitus Ventures and the Michael & Susan Dell Foundation

5. Smile Group has invested $1 million in a seed round of Indipepper Media Pvt. Ltd, which operates real money gaming startup Zupee

6. Airbnb has invested about $75 million in the Series E funding round of OYO, According to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc.

7. RentoMojo is in discussions to close a fresh funding round of up to $40 million from existing investors as well as a new investor, reports DealStreetAsia.

8. 500 Startups India’s former partner Pankaj Jain has jumped in the entrepreneurial pool with startup advisory firm – Founder Craft, reports Entrackr.

9. British multinational publishing and education company Pearson plc has launched a venture fund, Pearson Ventures, with an initial capital commitment of $50 million over three years, to invest primarily in early-stage startups with Series A and B rounds, in US, the UK, Brazil, South Africa, India and China.

10. Tech-driven insurance startup Lemonade Inc has raised a $300 million funding round led by Japan’s SoftBank Group Corp.

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

April 17, 2019

India wraps up FY'19 with record goods trade- $838 bn. Also third-highest deficit at $176 bn. Oil imports, FYI, were $140 bn in this period.

Read more

Keywords: India trade, India trade department of commerce, india business growth

April 17, 2019

Despite policy roadblocks put in place by governments, U.S.-India trade starts 2019 where it ended 2018- on a high note.

  • $7.6 bn trade in Jan 2019, all-time monthly high
  • Up 17% y-on-y
  • U.S. exports up 28% in this period.

Read More

March 21, 2019

US administration wants equitable and reasonable access to India market for US India trade to flourish. Read More

Keyphrases: US exports to India, India exports to US, India market access, US India trade

March 16, 2019

In India, supermarkets grew 25%, while hypermarkets grew by 15% in the year 2018. This presents and excellent opportunity for the foreign FMCG brands to expand their business to India. Read

Keyphrases- franchise India, FMGC sales in India, consumers in India, FMGC firms in India, supermarkets in India

Pages