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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

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

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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Feb 25, 2019

1. Hong Kong’s Integrated Capital Leads $10M Funding In Bengaluru's Bike Taxi App Rapido

2. Xiaomi has introduced a new e-commerce platform called ShareSave in India.

3. Lingerie Brand Clovia Raises Series B Funding Led by AT Capital

4. Three Startups Won On-The-Spot Funding At IIT-B’s Ten Minute Million Challenge including LegitDoc (Rs 1.47 Cr), rePurpose Global, LLC (Rs 1.01 Cr) & Giscle Systems (Rs 63 Lakh).

5. Paytm is reportedly considering expanding its digital payments services into 1-2 more developed markets in 2019.

6. Sports engagement startup Rooter raises Rs 1 Cr from Anthill Ventures

7. Farm to door fresh milk and dairy products delivery startup Country Delight has raised around $7-10 million in its Series B funding led by early-stage investor Matrix Partners.

8. Ayurvedic foods brand Kapiva Ayurveda has raised $2.5 million in its first round of institutional funding led by Fireside Ventures.

9. Consumer lending startup MoneyOnClick has raised around Rs 15 crore ($2.25 million).

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Feb 23, 2019

1. Sequoia Capital India is launching a startup accelerator and incubation programme called Surge where it will pick up 10–20 early stage startups twice every year and invest $1.5 million in each of them at the start of the programme.

2. Microsoft's Bing search engine goes offline in China

3. Ayurvedic healthcare and wellness startup Kapiva Ayurveda has received capital commitments of Rs 17 crore from Fireside Ventures and 3one4 Capital among others.

4. Google India spent Rs 1,100 Cr on media investments in 2018, reports ET.

5. Cars24, an online marketplace for buying and selling used cars, is the latest to join NBFC license line in India.

6. In its latest filings with the Registrar of Companies at the Ministry of Corporate Affairs, Rivigo revealed a 76.4% increase in revenue from Rs 408.11 crore in FY17 to Rs 719.85 crore in FY18. The losses, more than doubled in the latest reported fiscal from Rs 123.45 crore to Rs 270.23 crore.

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Feb 21, 2019

1. Foodtech startup FreshMenu, has raised Rs 11.7 Cr in a Series B1 funding round led by Lightspeed Ventures

2. Mutual fund investment platform Groww has raised $6.2M in a Series A round of funding led by Sequoia Capital.

3. Automobile repair and service solution startup GoMechanic has reportedly raised Rs 30-35 Cr in a Series A round led by Sequoia Capital.

4. M1xchange, a digital invoice discounting platform for MSMEs, has raised an undisclosed amount of funding from Mayfield India and SIDBI Ventures.

5. Early stage investor Kae Capital is raising a ₹100 crore add-on fund to invest in portfolio companies of its first fund, founder and managing director Sasha Mirchandani said in an interview to Mint.


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Feb 19, 2019

1. Kalaari Capital has added three new venture partners in its leadership team as it gears up to raise a $200-million fourth India-dedicated fund this year.

2. Women-only community platform Sheroes has acquired Bengaluru-based women’s health app Maya in an all-stock deal.

3. Oracle is set to launch its first India data centre later this year

4. Peer-to-peer (P2P) lending startup LiquiLoans has raised Rs 12 crore in a pre-series A round from investors led by Matrix Partners.

5. OYO has been in talks to acquire Innov8, a co-working company with presence in four cities in India, reports Entrackr.

6. Car maker Maruti Suzuki on Monday launched a program - Mobility & Automobile Innovation Lab (MAIL) to tap into the start up world and promote innovation in India for automobile and mobility space.

7. Bounce, a bike and scooter rental platform has raised over $7 million in Series B round from Chiratae Ventures, Accel India, Sequoia India and On Mauritius.

8. Flipkart promotes Rishi Vasudev to head Myntra-Jabong's fashion & lifestyle categories

9. ITI Growth Opportunities Fund, which invests in early-stage startups, has made its first investment in RevOS, an operating system for electric vehicles.

10. ShareChat has reportedly Banned 50K Users As Part Of Clean Content Drive

11. Infibeam Avenues has entered into a binding agreement to sell its subsidiary Infinium India to Ingenius E-commerce for Rs 60 crore.

12. Health tech startup Optra SCAN will be investing Rs 50 crore towards a new manufacturing set up for its digital pathology solutions.

13. Tamil Nadu Govt Launches Startup Policy on Jan 19th, setting up a startup fund, to be called Tamil Nadu Startup Fund of Funds, with a corpus of Rs 250 Cr ($21 Mn) for investments in startups.

14. Gastrotope, the agrifood startup accelerator founded by Taizo Son’s Mistletoe, Rajesh Sawhney, and Infobridge, has picked five startups for its first cohor - Brown Foods, Credible, Fasal, Occipital Technologies & Triton Foodworks.

15. Hitachi Payment Services (HPSPL) will purchase a 26% stake in SBI Payment Services (SPS) by investing between Rs 1,250 crore and Rs 1,500 crore.

16. Meenakshi Group Sets $10M ‘Meenakshi Multiples’ Start-up Fund, Announces first investment by picking up a 6% equity in Hyderabad based co-working venture ‘iKeva’

17. Used Car Marketplace Truebil Raises Rs 100 Cr in a Mix of Equity & Debt in Its Series B Round

18. Online baby products retailer Firstcry has received around $150 million as a part of $400 million round from Softbank at $850M valuation, reveals RoC filings with MCA.

19. Paytm Mall is very close to scaling down its B2C consumer business, shifting focus on B2B business, reports Entrackr.

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Feb 12, 2019

Contact: Dhanya Balasubramanian | | +1 912 342 3375

Top political and business minds to speak at Columbia Business School’s India Business Conference

Influential and insightful voices will be discussing the Future of India and its ability to take the winning leap at an important time for the country

Columbia Business School’s annual India Business Conference is New York’s most premier India-focused event that brings top influencers to congregate on the country’s most important issues. The 15th student-led conference is happening on Columbia University’s Manhattan campus on Feb 23rd, 2019.

This year’s conference will be featuring Ram Madhav, National General Secretary, Bhartiya Janata Party; Doug Peterson, President & CEO of S&P Global; Sanjay Jha, Congress Spokesperson; Dr. Viral V. Acharya, Deputy Governor of Reserve Bank of India; and Dr. Arvind Gupta, CEO of MyGov. Among other confirmed speakers are Prof Raju Narisetti, founder of Mint; Manu Jain, MD of Xiaomi India; Sneha Rajani, Deputy President, Sony Pictures; and Amrish Rau, CEO of PayU India.

The speakers will be covering the future of India from many angles including private equity, technology, early stage entrepreneurship, and value creation through customer centricity. As India is walking into a crucial election time, the theme is apt for discussions on critical success factors for business and governance.

“India continues to lead global economic growth despite being the largest democracy and it is positioned for tremendous growth,” said Pranav Chachra, chair of this year’s India Business Conference. “In this conference, we are bringing influential voices from tech, business, policy, and financial sectors to understand what makes India so unique and discuss how to unlock its massive potential for rapid and sustainable growth.”

The conference attracts more than 400 attendees each year from all walks of life including the student community, Indian diaspora, business world, and development workers. The conference, now into its 15th year, is organized by South Asian Business Association with active contribution by students from Columbia Business School and Columbia community.

The student organizers are extremely excited about the potential impact of this year’s conference - adding to the thought-leadership and developing discussions around the business, social, political, and creative undercurrents that permeate Indian life.

“India is at a critical inflection point with tremendous opportunities ready to unleash the growth, but certain obstacles are holding it back from taking the winning leap. We aim to demystify that at the conference with the tallest thought leaders debating opportunities as well as challenges for the fastest-growing trillion-dollar economy in the coming decade.”, said Tarin Poddar, one of the co-presidents of South Asian Business Association.

More information about the conference is available at this link:

Jan 27, 2019

The numbers show that Prime Minister Narendra Modi's social schemes have progressed very well even though they also present future challenges.

The following table created by Dr. Anit Mukherjee who is an adjunct fellow with the Wadhwani Chair in U.S.-India Policy Studies at CSIS and a policy fellow with the Center for Global Development. For complete article, click here

NameProgram ActivityAnnouncedTargetLatest numbers (GoI)Independent Validation
AadhaarBiometric ID number for Indian residentsAug 20141.33 billion1.20 billionMore than 90 percent of India’s population is covered. Source: State of Aadhaar Report 2017-18.
Jan Dhan SchemeOpening bank accountsAug 2014210.6 million210.6 million82 percent of Indians over age 15 have a bank account. Source: World Bank Global Findex Database 2017.
Swachh BharatHousehold toilet buildingOct 2014110 million (2019)91.8 million (98.7 percent of rural households covered) N/A
Ujjwala LPG schemeLPG cooking gas for rural householdsMay 201650 million (2019)60.7 millionProgram well targeted; 90 percent genuine beneficiaries. Source: MicroSave.
SaubhagyaHousehold electricity connectionSep 201724.9 million (Rural)24.4 million (as of January 17, 2019)N/A
PM Awaas YojanaAffordable housingJun 2015Demand driven – not specifiedUrban


Sanctioned: 6.88 million
Completed: 1.36 million

(As of January 7, 2019)