National News

Startup Policy Rundown: Goa Launches IT Policy, Andhra Tops Ease Of Doing Business Ranking, And More

Ever since the Centre launched the Fund of Funds for Startups (FFS) with a corpus of $1.5 Bn (INR 10K Cr) in January 2016, the DIPP (Department of Industrial Policy and Promotion) has been aimin

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CM Vasundhara Raje Releases Inc42’s Digital Rajasthan Yatra Report

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Luxury Vacation Marketplace Rizort Is Taking A Road Less Travelled In The OTA Space

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Bike Rental Startup ONN Bikes Looking To Rev Up Its Game With Dockless Bikes

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Gujarat Govt Supports 175 Startups With $3.2 Mn Financial Aid Over 2 Years

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Taxman Alert: Ecommerce Companies May Face Audit On GST Rate Cuts

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Walmart India Ups Its Game In Wholesale With Second Fulfilment Centre

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FoodTech Startup SmartQ Acquires Nexus-Backed Goodbox Cafeteria Business

Bengaluru-based food tech startup SmartQ has acquired Nexus Venture Partners-backed Goodbox&rsquo;s cafeteria business for an undisclosed amount in an all-cash deal. &nbsp;</div

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Amazon Ready To Foray Into Indian Healthtech Market With MedPlus

Global ecommerce behemoth Amazon, which has been looking at 360-degree expansion of its portfolio, is ready to dive into the Indian healthtech market and is eyeing acquiring online pharmacy Me

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LinkedIn Crosses 50 Mn Users In India

Professional networking website LinkedIn has announced that it has crossed 50 Mn members in India. The company has doubled its userbase in the last four years. In 2009, it had just 3.4 Mn user

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Online Used Car Marketplace Cars24 Locked In A $49.7 Mn Ride

Gurugram-based online used car marketplace Cars24 has raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, at a valuation of $250 Mn. &nbsp; Existing investor

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SME Lending Startup OfBusiness Raises $29.2 Mn In Series C

Gurugram-based SME lending startup OfBusiness has raised $29.2 Mn (INR 200 Cr) in a Series C funding round from Creation Investments and Falcon Edge. &nbsp; The f

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Online Lending Startup StashFin Looks To Raise $4.3 Mn

Delhi-based online lending startup StashFin has partnered with non-banking finance company DMI Finance to raise $4.3 Mn (INR 30 Cr) for onward lending through its online platform.

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Walmart To Shift Key Executives From Gurugram, UK To Strengthen Flipkart

Amid competition issues, legal hurdles, income tax burdens, and protests, Walmart is busy making plans for Flipkart after it completes the acquisition of this Indian ecommerce player. <

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TripAdvisor Led $25 Mn Follow-on Funding Round In Eatigo

Bangkok and India-based online restaurant reservation platform Eatigo has raised $25 Mn in a pre-Series C funding round from existing investor TripAdvisor. &nbsp;

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With $2 Mn Investment In Premium Retailers, Letstrack Looks To Deepen Its Presence In India

GPS enabled tracking solutions provider Letstrack has announced to invest $2 Mn in premium retailers under its initiative Letstrack points. These premium retailers are going to be present in e

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Google To Go Solo In Indian Ecommerce War, No Plans To Invest In Flipkart

Developments in the competitive Indian ecommerce space have been getting more exciting by the day. A few days ago, reports said that Google would be entering the space with its own venture. Pr

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Flipkart’s PhonePe Acquires POS platform Zopper Retail

Flipkart&rsquo;s digital payment subsidiary PhonePe has acquired Zopper Retail &ndash; a hyperlocal Point of Sale (POS) platform for small and medium businesses. The acquisition is a part of t

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IFFCO Launches Social Ecommerce Application ‘IFFCO iMandi’

IFFCO has launched a social ecommerce application and web portal named &ldquo;IFFCO iMandi&rdquo; to serve and connect the farmers digitally. &nbsp; The initiativ

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Amazon Pay Receive $33.5 Mn Funding Boost From The Parent Entity

The latest fund raise comes after three months. Earlier, $30 Mn were infused in Amazon Pay in March 2018. At that point of time, Amazon Pay India Head Mahendra Nerurkar, also stated that the c

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Airbus subsidiaries NAVBLUE and Aerial have signed partnerships with three Indian startups — Stelae technology, EFLIGHT, and Airpix (accelerated at Airbus Bizlab India) — to power cutting-edge technol

Airbus subsidiaries NAVBLUE and Aerial have signed partnerships with three Indian startups &mdash; Stelae technology, EFLIGHT, and Airpix (accelerated at Airbus Bizlab India) &mdash; to power

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Personalisation Of Content, Formats Is The Way Forward For Media: Gautam Sinha

During Inc42 Ask Me Anything (AMA), Times Internet chief Gautam Sinha said artificial intelligence will have a direct impact on the media industry Sinha said he is a proponent o

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Blume Launches Arka Venture Labs With Two US Firms To Support Cross-Border Growth Of Indian Startups

Blume Ventures along with Silicon Valley-based Benhamou Global Ventures (BGV) and Emergent Ventures has launched accelerator platform Arka Venture Labs Arka Venture Labs will st

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Amazon To Control 49% Of US Ecommerce, Facebook Fined In The UK, And More: News From The Tech And Startup World [July 9-15]

We&rsquo;ve kept you updated on the happenings in the Indian startup ecosystem. With the week coming to a close, it&rsquo;s time to catch up on the important updates in the tech and startup ec

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Grofers To Focus On Private Labels, Drops Fresh Products

Grofers rolled back its fresh products services in several cities including Bengaluru The company believes that Private labels can help improve margins, but it&rsquo;s not the o

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Tata Motors Buys 26% Stake In Logistics Startup TruckEasy

One of India&rsquo;s leading commercial vehicle maker, Tata Motors Ltd, has acquired a 26% stake in logistics startup TruckEasy,&nbsp; through Tata Motors Finance Holdings, a wholly-owned subs

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YourNest, IAN Invest $1.45 Mn In Virtual Reality Startup SmartVizX

Noida-based virtual reality startup SmartVizX has raised $1.45 Mn (INR 10 Cr) in a pre-Series A funding round led by YourNest Venture Capital with participation of the Indian Angel Network&rsq

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With $25 Mn Investment, Google Expands News Initiative To YouTube

After introducing Google News Initiative Training Network in India for the digital media platforms, the global giant has now expanded the programme to YouTube. &nbsp; <di

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Blockchain This Week: Tech Mahindra To Set Up Blockchain Centre, Kwikxchange To Expand To India, And More

Blockchain is a technology which has a lot of potential but it&rsquo;s also the source of a large number of frauds, highlighted the latest study by the Wharton School at the University of Penn

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Flipkart To Capitalise On Digital Advertising To Reach $200 Mn Sales By March 2019

With nearly 100 Mn registered users, Flipkart generated the third-highest revenue (after Google and Facebook) from online ads in India in 2017. It now plans to double its annualised sales from

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Telecom Commission Accepts Trai Recommendations On Net Neutrality

After the social media uproar of 2014 on net neutrality and the subsequent ongoing debate, India is ready to make net neutrality&nbsp; a reality with the Telecom Commission, the highest decisi

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Sashi Reddi Launches $100 Mn Tech-Focused Early Stage VC Fund

Sashi Reddi, a managing partner at venture capital firm SRI Capital, has launched a $100 Mn technology focused early-stage venture fund. SRI Capital Fund-I, a Delaware-registered investment ve

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After Flipkart, Walmart Looks To Make Tech Acquisition In India

The world&rsquo;s largest retailer, Walmart Inc, seems dead serious about strengthening its foothold in India. Walmart, which agreed to acquire homegrown ecommerce platform Flipkart in May, is

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BigBasket Aims To Reach $1 Bn Gross Sales Run Rate By FY19 End

Online grocery platform BigBasket plans to touch $1 Bn gross sales run rate by the end of FY19. The company recorded close to $33 Mn (INR 230 Cr) in gross monthly sales, with an annual exit ra

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Stellaris Venture Partners Led $5 Mn Funding In Social Ecommerce Startup Shop101

Social ecommerce platform Shop101 has raised $5 Mn in funding in a round led by Stellaris Venture Partners. Vy Capital, TaxiForSure co-founder Raghunandan G, and Livspace co-founder Ramakant S

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FDI In Ecommerce: Snapdeal And Shopclues Comes In Support Of New Govt Wing

Small Players of ecommerce believe that the new rules will dissuade &ldquo;malicious practices&rdquo; being done by certain platforms for some &ldquo;proxy sellers&rdquo; Severa

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Paytm Goes Global With Forex Card And Cash

Digital payments company Paytm has now ventured into forex services for top 20 international currencies. &nbsp; Earlier in April 2018, Inc42 reported that Paytm i

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Fake News Alert: WhatsApp Launches Forwards Label

WhatsApp had released full-page advertisements to educate people on the fake news WhatsApp said it will indicate which messages received have been forwarded to the user <

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Flying cheap: IndiGo offers discounts on 12 lakh seats

Budget airline IndiGo has announced a discounted sale of 12 lakh seats at fares as low as Rs 1,212, for travel between July 25, 2018 and March 30, 2019. The 4-day sale starts on Tuesday and en

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Exclusive: Ex-JustDial And Dunzo Investor Picks Up Minority Stake In CEM Startup Survaider

After successfully investing in JustDial, Rajesh Dembla has invested an undisclosed amount in Bengaluru-based customer experience management (CEM) company Survaider for a minority stake.

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Alibaba To Work With Ganesh Ventures To Scale Up Investments In India

Ganesh Ventures seeks to build a strong network of Indian entrepreneurs and Chinese investors and entrepreneurs. For this, the VC firm has made its first close of $30 Mn backed by Alibaba Foun

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Inventus Capital Marks First Close Of Its 3rd Fund At $29 Mn

Bengaluru-based early-stage venture capital firm Inventus Capital Partners has marked the first close of its third fund at $29 Mn (INR 200 Cr) to invest in capital-efficient startups within th

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Facebook May Acquire Bloomsbury AI To Combat Fake News, Netflix To Stop User Reviews, And More: News From The Tech And Startup World [2-8 July]

We&rsquo;ve kept you updated on the happenings in the Indian startup ecosystem. With the week coming to a close, it&rsquo;s time to catch up on the important updates in the tech and startup ec

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Consumer Lending Startup IndiaLends Raises $10 Mn To Launch A New Product Line

Delhi-based consumer lending startup, IndiaLends has raised $10 Mn in Series B round of funding. The investment was led by London-headquartered asset management firm ACPI Investment Managers a

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Paytm: Adoption In Tier 2 &3 Leads To A Run Rate Of 5 Bn Transactions

One97 Communications Limited, which owns digital payments company Paytm has announced that it has achieved an annual run rate of 5 Bn transactions and $50 Bn in Gross Transaction Value (GTV).<

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Y Combinator-Backed Groww Raises $1.6 Mn Pre-Series A Funding

Data science-based mutual fund investing platform Groww has raised $1.6 Mn in a pre-series A round of funding from Insignia Ventures Partners, Lightbridge Partners, Kairos, and others, with pa

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TPG May Invest $40 Mn In Interior Design Company Livspace

End-to-end home design and d&eacute;cor service provider Livspace may soon raise $40 Mn in funding from US-based private equity company TPG. &nbsp; According to r

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Reliance Industries Bets On Hybrid Online-Offline Model To Claim Top Spot In Indian Ecommerce

Reliance Industries Limited (RIL), after its successful stint in the Indian telecom sector, is now looking to write a similar success story in ecommerce. The company has reportedly announced i

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Fintech Startup Innoviti Payments Adds EMI Next With $2.9 Mn Investment

Digital payments and SME lending company Innoviti Payments has invested $2.9 Mn (INR 20 Cr) in developing new technology solutions for its point of sales (PoS) terminals. With this, the fintec

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Movers And Shakers Of The Week [02- 07 July 2018]

We bring to you the latest edition of movers and shakers in the Indian startup ecosystem. &nbsp; This week, PayPal unveiled its plans to continue with its commitm

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Funding Galore: Indian Startup Funding Of The Week [2-7 July 2018]

We bring to you the latest edition of Funding Galore: Indian Startup Funding of the week. &nbsp; This week, Ahmedabad-based ecommerce major Infibeam announced its

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11 Indian Startup News Stories That You Don’t Want To Miss This Week [02-07 July 2018]

We bring you the latest news stories from the Indian startup ecosystem &nbsp; Two of the biggest announcements impacting the Indian startup ecosystem this week we

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Ecommerce Subgroup Calls For FDI In Inventory-Led Online Retail Stocking ‘Make In India’ Products

An ecommerce subgroup has proposed the central government to allow foreign direct investment (FDI) in an inventory-led online retail model, limited to players who are stocking products under t

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Exclusive: Cross-Border Ecommerce Enabler Scale Labs Raises $1 Mn Seed Funding

Scale Labs, a Gurugram-based cross-border ecommerce enabler for brands and online retailers, has raised nearly $ 1 Mn seed funding from GPA Group, led by Vivek Agarwal, said the startup&rsquo;

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Artha Venture Fund Marks First Close Of Its $29 Mn Seed Fund

Mumbai-based Artha Venture Fund has marked the first close of its $29 Mn (INR 200 Cr) seed fund, Artha Venture Fund I, at $6 Mn. A Category-I fund, Artha India Ventures got the approval from t

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Nykaa Man To Contribute About 2% Of Nykaa’s Overall Revenue

Online beauty and wellness marketplace Nykaa has added a new section for men called Nykaa Man. This new section of Nykaa is said to contribute about 2% of the company&rsquo;s overall revenues.

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Odisha Govt To Partner With Google To Boost Its Startup Ecosystem

The Odisha government is looking to collaborate with Google to boost the startup ecosystem in the state. The government has selected 250 startups, which will partner with Google for guidance.<

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After Ministry's Warning, WhatsApp Says That It Needs Govt, Society Support

Share the blame for the game looks like the motto of digital messaging service WhatsApp. After a letter by the Ministry of Electronics and IT (MeitY) accusing WhatsApp of allowing circulation

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To Make Ecommerce Easy, SaaS Company Anchanto Raises $4 Mn From MDI Ventures

SaaS tech company Anchanto has raised $4 Mn in the first round of the Series C investment led by MDI Ventures. &nbsp; The company will be using funds to expand it

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Paytm AshaKiran Partners With Grameen Foundation To Enable Self-Employment Opportunities In Rural India

Paytm Payments Bank, under its initiative Paytm AshaKiran has partnered with Grameen Foundation for Social Impact (GFSI) to provide self-employment opportunities in banking and finance to wome

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Biyani’s Future Lifestyle Fashion Buys 30% Stake In Fashion Etailer Koovs

Kishore Biyani&rsquo;s Future Lifestyle Fashion Limited has entered into a conditional agreement with London-listed fashion etailer Koovs to buy up to 30% stake in the company.

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Digital Lending Platform LoanTap Raises $6.2 Mn From Shunwei Capital And Others

Bengaluru-based digital lending company LoanTap has raised $6.25 Mn (INR 43 Cr) in an equity funding round led by Beijing-based venture capital firm Shunwei Capital. &nbsp;</div

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Myntra And Jabong Ready To Invest $300 Mn In 3 Years

Fostering the culture of growing together, Flipkart subsidiaries Myntra and Jabong are ready to scale up their market share with plans to invest $300 Mn over the next three years.

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First Step To IPO: IndiaMART Files Draft Papers To Raise $88.24 Mn

Initial public offerings (IPOs) seem to be the new cool thing for startups. The latest company to confirm that it&rsquo;s going public is online marketplace IndiaMART, which recently filed its

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Flipkart Sets A Target Of A $17.6 Bn GMV For 2020-21

&ldquo;Setting goals is the first step in turning the invisible into the visible.&rdquo; &ndash; Tony Robbins &nbsp; It looks like Flipkart&rsquo;s acquisition by

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Paytm To Acquire Last-Minute Hotel Booking Startup NightStay

Paytm is reportedly looking to acquire the Noida-based last-minute hotel booking app, NightStay, for around $20 Mn. &nbsp; While the development was confirmed by

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CAIT May Move Supreme Court To Protest Against Walmart-Flipkart Deal

According to recent reports, traders and shopkeepers have decided to oppose the Walmart-Flipkart deal vehemently and are ready to move the Supreme Court (SC), if required, to protect their int

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Exclusive: AI-Based Podcast And News Curator Hubhopper Raises Funds

Delhi-based podcasts and publishers-focused content aggregator Hubhopper has raised an undisclosed amount of funding from Mumbai-based venture capital firm Unit-E Ventures. &nbs

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Central Govt Warns WhatsApp To Stop The Circulation Of Irresponsible And Explosive Messages

These are days of bad news for WhatsApp in India. Now, the Ministry of Electronics and IT has accused WhatsApp of the circulation of irresponsible and explosive messages. The Ministry has issu

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Flipkart Thrust For Fintech Begins, Applies For NBFC Certification To Focus On Customer Lending

Flipkart is now looking to place its thrust on the Indian fintech market which is said to be worth $2.4 Bn by 2020. In a recent development, the company has applied for an NBFC licence to furt

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Tata Group Brings ‘One Tata Approach’ To Address Needs Of Electric Vehicles Segment

The traditional automobile industry has for a while recognised the importance of pre-sale and after-sale services in providing a holistic experience to customers. However, this is yet to exten

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Ecommerce Major Infibeam To Raise $292 Mn To Set Up Its Payments Bank

Ahmedabad-headquartered ecommerce major Infibeam is now all set to expand business in IT segment and is looking to set up its payments bank and also raise $292 Mn (INR 2000 Cr).

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How Did The SaaS Market In India Reach Its Current Boom? Zoho's Sridhar Vembu Explains

Expected to reach $1 Bn by 2020, the Indian SaaS/enterprise software market currently accounts for 9% of all software sales. The SaaS market in India is expected to cross $50 Bn in the next 10

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Facebook Leaks Data Of 120 Mn Users, Amazon Buys PillPack, And More: News From The Tech And Startup World [June 25-July 1]

We&rsquo;ve kept you updated on the happenings in the Indian startup ecosystem. With the week coming to a close, it&rsquo;s time to catch up on the important updates in the tech and startup ec

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Walmart To Arrange Funds For Flipkart Deal By June 2019

After announcing the deal to buy Indian ecommerce company Flipkart, Global retail giant Walmart has been engaged in arranging the funds for the deal. The new reports have revealed that the US

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PayPal Continues To Focus On India, To Hire 600 Techies

Global digital payments company PayPal continues to remain committed towards India. It has identified the country as a key growth market and plans to hire 600 techies by December 2018.

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Tesla Sues Ex-Employee, Google Partners With JD And More: News From The Tech And Startup World [June 18-24]

We&rsquo;ve kept you updated on the happenings in the Indian startup ecosystem. With the week coming to a close, it&rsquo;s time to catch up on the important updates in the tech and startup ec

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Startup Events To Attend This Week: Cisco India Summit 2018, GSF TechTales And More

Here is Inc42&rsquo;s latest edition of startup events coming up this week. &nbsp; But before we dive into what&rsquo;s in store for this week, let&rsquo;s catch

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Govt. May Delay Implementation Of Tax Collection At Source For Ecommerce Companies

With continued changes to the provisions of Goods and Services Tax (GST), the government may now defer the implementation of tax collection at source (TCS), a major relief for ecommerce servic

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WhatsApp Uses Facebook For Payments, May Back Multiple UPI Apps

Facebook-owned messaging giant WhatsApp has been testing its payments services on the Facebook platform in India. In a media statement, a WhatsApp spokesperson confirmed that it uses parent Fa

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Flipkart Aims To Be “Exclusive” Fashion Stop Shop, Targets $1.7 Bn In GMV Via Fashion Business

Flipkart is looking to set itself as the fashion stop shop of India by bringing in more exclusive products on its platform. Reportedly, the online retailer is aiming to invest heavily in this

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Paytm To Provide Life Insurance Cover To Offline Partner Stores

Paytm, in its push towards digital payments has taken yet another step. The One97 Communications owned company has announced to offer life insurance cover to eligible offline partner stores an

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B2B Office Supplies Etailer Aahaa Stores Raises $2 Mn From UAE Based Calega

Being in operation for almost five years, the New Delhi-based etailer Aahaa Stores has now raised its third round of funding from a UAE-based global investment Group Calega. &nb

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Cryptocurrency This Week: Github Compromised, India To Hit Bitcoin Roadblock And More

Notwithstanding the Bitcoin hype, the cryptocurrency, having called the GOAT currency by many, has been performing as Messi in the FIFA world cup. &nbsp; And, as

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A Masterclass By Wingify's Paras Chopra On How To Build A Successful SaaS Startup In India

As India continues to bolster its startup ecosystem, software-as-a-service (SaaS) continues to remain a strong focus area. The SaaS market in India is expected to cross $50 Bn in the next 1o y

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How Bootstrapped QuackQuack Became The Fastest Growing Dating App In India And Got 3.5 Mn Users

3.5 Mn screened singles, 120k new signups every month, a 2x growth in user base compared to the previous year, and a total of 4 Mn messages exchanged every month! These numbers would evoke won

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Beauty Products Marketplace Purplle Raises $2.57 Mn Funding

Mumbai-based online beauty products marketplace Purplle has raised $2.57 Mn (INR 17.5 Cr) from a clutch of investors in a fresh funding round. &nbsp; According to

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In War With Flipkart: Amazon To Strengthen Its Logistics Service With GeoTagging And New Age Tech

As Walmart nears the completion of its deal with Flipkart, Amazon is leaving no stone unturned to push ahead its strategies to keep up with its arch-rival, Walmart. Amazon India is now looking

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As Swiggy Enters Unicorn Club, Zomato Readies For Foodtech War By Seeking $400 Mn In Funding

Soon after Swiggy raised $210 Mn funding and marks its entry to the Unicorn club, foodtech major Zomato is now reportedly in talks to raise $400 Mn funding. &nbsp;

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Consumer Protection Bill 2018 To Address Woes Of Ecommerce Customers

According to a report by Morgan Stanley, India&rsquo;s ecommerce market is expected to touch $200 Bn by 2026 from $ 38.5 Bn as of 2017. With the rapid rise of the ecommerce sector in the count

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Blockchain This Week: Kerala To Leverage Blockchain For Grocery Distribution And Other News

While globally, blockchain-based startups have succeeded to raise around 1.3 Bn from VC funds, Indian blockchain-based startups have reportedly raised a mere $5.3 Mn in the last two years (Jan

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SoftBank Will Support OYO Hotels In China: Masayoshi Son

After being part of four funding rounds worth $512 Mn in OYO Hotels since August 2015, suddenly SoftBank seems to be putting all its hopes on this Gurugram-based hotel room aggregation company

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Electric Vehicles This Week: CK Birla's Avtec To Invest $88Mn In EVs, Mahindra Electric To Partner With Ola And Uber, And More

The Society of Electric Vehicles Manufacturers (SMEV) of India has urged the Centre to make policies that will help manufacturers in the short-term &mdash; starting with a period of three mont

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Walmart Is Selling Bonds In The US To Buy A 77% Stake In Flipkart

As the Flipkart-Walmart deal shapes up with the companies seeking permissions from the Competition Commission of India (CCI) and ironing out taxation issues, the next focus for global retailer

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Flipkart To Make Another Bet On Customer Loyalty Programme, But In A Unique Way

Indian ecommerce company Flipkart is ready to make another bet on its customer loyalty programme, but in a unique way. Rather than charging an upfront fee for the membership, the Flipkart cust

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Paytm Acquires Tech Startup Cube26, Which Is Backed By Tiger Global And Flipkart

Digital payments giant Paytm has acquired New-Delhi based Cube26, a tech startup backed by Tiger Global and Flipkart with $7.7 Mn Seed funding in 2015. Cube26 has customised Android OS and dev

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UPI Transactions Touch 190 Mn Mark In April 2018: NPCI

The volume of transactions on the Unified Payments Interface (UPI) has reportedly reached a staggering number of 190 Mn in April, with a nearly 7% month-on-month growth rate. &n

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Cambridge Analytica Shuts Down, Files For Insolvency Proceedings In UK

While Facebook tries to revamp itself following the data breach scandal, the counterpart of data leak viz Cambridge Analytica has decided to shut down and has filed applications to commence in

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Paytm Mall Signs Strategic Partnership With ASUS, Launches Its PoS

The Taiwanese gadgets manufacturer seems to be reaping the Indian ecommerce unicorns&rsquo; user base to strengthen its roots in the country. Just a few weeks after signing an exclusive partne

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Flipkart Sets Aside $400 Mn For Buyback From Minority Shareholders

While the Flipkart-Walmart deal inches closer, the ecommerce giant has set aside $400 Mn to buyback shares of minority investors in an attempt to revamp itself as a private limited company in

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ETMONEY Embarks Into Lending Business With The Launch Of CreditLine

Times Internet-backed ETMONEY (formerly, SmartSpends) in partnership with RBL Bank has launched a mobile app-based money lending platform ETMONEY CreditLine. The launch marks ETMONEY&rsquo;s e

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Punit Soni’s Healthtech Startup Suki Raises $20 Mn Funding From Venrock, First Round, Social Capital

AI enabled healthtech startup Suki (formerly called Robin), founded by ex-CPO of Flipkart Punit Soni has raised $20 Mn led by Venrock, First Round, Social Capital, as well as individual Google

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Flipkart Sets Aside $400 Mn For Buyback From Minority Shareholders

While the Flipkart-Walmart deal inches closer, the ecommerce giant has set aside $400 Mn to buyback shares of minority investors in an attempt to revamp itself as a private limited company in

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Blockchain This Week: IIT Kanpur’s $5 Mn E-Governance Project, UK’s Zebi To Foray Into Indian Market And More

Blockchain is slowly but steadily spreading across the verticals, changing lives. Leading companies, government institutions and universities across the world have already taken several initia

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Digital Media Queens, Suchita Salwan And Priyanka Gill, Tell How To Win The Game

A report titled &lsquo;Mobile Internet in India 2017&rsquo; estimates the number of mobile Internet users in India to reach 478 Mn by June 2018. With such a deep Internet penetration in India,

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Startups To Be Goa’s New Backbone: Rohan Khaunte, Goa’s Minister For Revenue, IT, Labour & Employment

Goa, which is most commonly known as a holiday destination, is increasingly seeing solo entrepreneurs and startups budding in the state. Credit it to the work-life balance that the state provi

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6 Ways B2B Companies Can Use Social Media To Communicate With Potential Customers

Question: What&rsquo;s one-way B2B companies can use social media to communicate with potential customers? &nbsp; Create Valuable Content &ldquo;Mo

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How UrbanClap Survived The Hyperlocal Bubble In 2016

&ldquo;Focus on the quality of experiences, both for our service professionals as well as our users, helped the company survive the hyperlocal bubble.&rdquo; UrbanClap founder Abhiraj Bhal ave

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2 Days, 3 Leaks: Who Needs To Break 'The 5 Ft Thick Wall' Of UIDAI If Aadhaar Data Is Available Online?

Powered By Inc42 BrandLabs &nbsp; 222 SHARES FacebookTwitterLinkedin In the times of Facebook&rsquo;s apology over tr

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India's Next Tech Challenge: Redefining Social 3.0 And Giving Power To The “Peepul”

India is home to 270 Mn Facebook users, the highest for the social media giant globally. But after recent controversies where data of users were harvested on a massive scale (87 Mn) by a third

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Walmart Likely To Occupy 40% Of Flipkart 10-Member

As the deadline for Flipkart-Walmart deal nears, reports have surfaced that Walmart is likely to gain about three to four seats on the 10-member board of homegrown ecommerce unicorn Flipkart,

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Future Group Goes Amazon Prime Way To Launch Grocery Delivery App

In February 2018, when Future Group CEO Kishore Biyani met Amazon Chief Jeff Bezos in the US, it looks like a partnership is brewing between the two companies. However, it seems that Biyani&rs

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Google’s Alphabet To Participate In Flipkart-Walmart Deal

As speculations of the Flipkart-Walmart deal continue to create a buzz, the global retailer is now planning to involve Google&rsquo;s parent Alphabet taking a stake in Flipkart for nearly $1-2

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With $97.41 Mn Booster, Gionee Plans To Stay Ahead Of Xiaomi, Huawei

Chinese smartphone brand Gionee is planning to invest around $97.41 Mn (INR 650 Cr) in 2018 as it&rsquo;s striving to the bring the smartphone among the top five smartphone brands in the count

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Paytm Launches Offline Payments Solution Paytm Tap Card

After revamping its app, Paytm has now introduced a new payments solution, Paytm Tap Card. &nbsp; Paytm Tap Card uses near-field communication (NFC) technology to

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Alteria Capital Raises $15 Mn From SIDBI For Its $150 Mn Maiden Venture Debt Fund

Venture debt firm Alteria Capital has raised $15 Mn (INR 100 Cr) for its $150 Mn (INR 1,000 Cr) maiden debt fund. The capital, as per reports, has been secured from Small Industries Developmen

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Government Slams Facebook And CA With Second Notice Over Cryptic Response

The Indian government has sent a second notice to Facebook and Cambridge Analytica aka CA after finding discrepancies between the earlier responses by the two companies during the case of data

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Foodtech Startup Swiggy Launches Central Kitchen - Swiggy Access

At the time when rival Zomato is pushing to increase revenue with its paid subscription programme Zomato Gold, Bengaluru-based foodtech startup Swiggy has announced the launch of a strategic i

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Food Delivery Startup Swiggy To Foray Into Hyperlocal Segment, Starting With Medicines And Groceries

Bengaluru-based online restaurant search and food delivery startup Swiggy is reportedly looking to foray into the hyperlocal vertical, particularly the medicine and grocery categories. The mov

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Tata Will Sell Its 27 Year-Old E-Learning Platform, Tata Interactive Systems To MPS Ltd

Tata Industries Ltd, a subsidiary of Tata Sons, has announced that it will sell its e-learning solutions unit, Tata Interactive Systems, to Noida-based publishing services company MPS Ltd. The

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Paytm Mall Gets $110 Mn Fund Infusion From SoftBank And Alibaba

Paytm Mall has received the third of the four tranches as part of its larger $455 Mn funding round, as per the latest filings with MCA. The ecommerce major has now received $220 Mn of the tota

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Nexus Venture Partners Led $1.6 Mn Funding In Dev Tools Startup Hasura

Bengaluru and San Francisco based developer tools startup Hasura has raised $1.6 Mn in a Seed round of funding led by Nexus Venture Partners along with GREE Ventures. &nbsp;</di

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Quikr Loses Unicorn Status, Valuation Falls To $885 Mn

In a major devaluation in the online classifields industry, Swedish investor AB Kinnevik has marked down the valuation online classifieds platform Quikr by 12% to $884.94 Mn as of December, 20

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What The Financials] With Rising Losses Of Over $19 Mn, MobiKwik Has A Long & Strenuous Road To Profitability

In the Indian digital wallet space, the two names that come to the mind simultaneously are Paytm and MobiKwik. Having been founded at around 2010, both Paytm and MobiKwik had a very similar tr

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Yuvraj Singh Backed JetSetGo Acquires Aircraft Operator Indo Pacific Aviation

Yuvraj Singh backed JetSetGo, a Delhi-based marketplace for private jets and helicopters has taken yet another step towards its aim to revolutionise the private aviation business. The company

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Blockchain This Week: Redefining Social 3.0, ALAX India Plans And More

Hello there, this week we bring you the 2nd edition of news from the world of the blockchain.&nbsp;&nbsp; &nbsp; Exuberant support or pessimism often divide opini

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New Hurdles For Amazon India’s Food Retail Plans

Ecommerce behemoth, Amazon India, has got yet another trouble to address before it can expand its food retail venture in India. This time, it is DIPP (Department Of Industrial Policy And Promo

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Paytm Scouts For Alibaba Pictures Owned TicketNew To Fight Rival BookMyShow

As digital payments and ecommerce giant Paytm strives to make a formidable place for itself in the entertainment ticketing business, it has inched further towards advanced talks with Chennai-b

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DevOps Accelerator JFrog Expands India Presence With New Office In Bengaluru

US-based DevOps accelerator JFrog entered India in June 2017, with the acquisition of DevOps Intelligence platform CloudMunch. With its new office in Bengaluru, JFrog is now aiming to accelera

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Google Brings Curated Job Search Feature To India

In yet-another India focused product, global search giant Google has now introduced job search feature for India under Google for Jobs. &nbsp; In a Google blog po

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8 Mn Videos Removed In Three Months: Youtube In Its Community Guidelines Report

Amid Facebook security flaws being a major concern, YouTube, keeping up with its promises of expanding its work to remove content that violates its policies, has released the first YouTube Com

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Banks And Digital Wallets To Now Target 30 Bn Digital Payments In FY 2018-19

If we go by the recent reports, the digital payments adoption in India is on a constant rise. However, the government does not seem satisfied with the progress. The cash crunch issue which cau

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After Coatue Management, Swiggy Now In Talks To Raise Funding From DST Global

Just over two months after securing $100 Mn in a Series F funding round led by Naspers at a valuation of $700 Mn, homegrown online food delivery startup Swiggy is reportedly in talks with Hong

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On A Mission To Digitise Global OPD Processes, Healthtech Startup Doxper Raises $1.1 Mn Funding

Taking the total funding raised to date to $1.9 Mn, Doxper has raised $1.1 Mn in a Pre-Series A funding round led by existing investor Vidal Healthcare. Earlier, in August 2017, it raised $750

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Flipkart-Walmart Deal Is Good For Indian Ecommerce: Amazon India Head

As Amazon seems losing its deal around Flipkart, the Amazon India Head is now all bullish over Walmart acquiring its arch-rival. In a recent media statement, Amazon India country head Amit Aga

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Blume, Goldbell Invests Another $1.6 Mn In Car Service Startup Pitstop

Bengaluru-based car repair and servicing startup Pitstop has raised $1.6 Mn in a Pre-Series A funding round from its existing investors Blume Ventures and Singapore-based Goldbell Group.

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Two Startup Founders Arrested In Connection With Amit Bhardwaj’s $300 Mn Cryptocurrency Ponzi Scheme

Following the arrest of the mastermind behind the $300 Mn cryptocurrency scam, Amit Bhardwaj, the police has now made two more arrests. According to reports, Sahil Baghla (former Bluegape foun

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Amazon Backs Capital Float With $22 Mn In Series C Funding

SAIF Partners and Sequoia India-backed online lending platform Capital Float has raised $22 Mn in a follow-on Series C funding round of $22 Mn from Amazon Inc. &nbsp; <di

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ATS group firm HomeKraft to invest Rs 500 cr on 1st housing project

ATS group firm HomeKraft to invest Rs 500 cr on 1st housing project Realty firm HomeKraft today said it will invest Rs 500 crore over the next five years to develop its first pr

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Paytm says it has 100 million KYC-compliant m-wallet users

BENGALURU: Paytm has claimed it has 100 million KYC compliant mobile wallet customers out of 220 million using its payments service. The Noida-based company has been able to make 45% of its m-

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Amazon to double down on groceries; foray deeper into fresh produce in India

BENGALURU: Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and

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Cryptocurrency: Delhi High Court Issues Notice To RBI And Others

Accepting the petition filed by Ahmedabad-based cryptocurrency startup Kali Digital EcoSystems, the Delhi High Court has now issued a notice to the Reserve Bank of India (RBI), The Union of In

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Punit Soni On What It Takes To Traverse Both The Indian And Silicon Valley Startup Ecosystem

At the time when the Indian Startup Ecosystem has been bolstering itself with activities in various segments after recording over $13.5 Bn across 885 deals in 2017, the trend continued with Q1

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Online Beauty Marketplace Nykaa Grabs $11.32 Mn Funding At $453 Mn Valuation

With an aim to become profitable by FY19, online beauty marketplace Nykaa has secured $11.32 Mn (INR 75 Cr) in a funding round at a valuation of $453 Mn (INR 3,000 Cr). &nbsp;</

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How Online Pharmacy Medlife Is Making Healthcare Accessible For 5 Lakh+ Users Across 40 Cities

Online pharmacy startup Medlife co-founder, Tushar Kumar opines, &ldquo;Over a period of time, I realised that the healthcare system in India is extremely chaotic. People don&rsquo;t know wher

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With 180 Mn Customers, 500+ Corporate Clients, Renu Satti Of Paytm Payments Bank Is Shooting For 500 Mn Bank Accounts By 2020

320 Mn+ registered users. 1 Bn transactions per quarter. $20 Bn (INR 1.3 Lakh Cr) annualised gross transaction value (GTV). 7 Mn offline merchant base. $2.3 Bn in total funding. The homegrown

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Ministry Of Commerce Directs RBI And ED To Address Allegations Against Ecommerce Giants

In the wake of allegations by Indian Cellular Association (ICA) and retailer giants that ecommerce major Amazon and Flipkart are violating FDI rules by &ldquo;influencing prices on their platf

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Walmart May Acquire Flipkart As Early As Next Week

Following the ongoing talks between Walmart and Flipkart, reports have surfaced that Walmart may finalise its deal with Flipkart &ldquo;as early as next week&rdquo;. &nbsp;</div

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AI And IoT Focussed Tea Retailer Chai Point Raises $20 Mn In Series C Funding

Bengaluru-based tea retailer Chai Point has raised $20 Mn in Series C round of funding led by Paragon Partners. All existing investors &ndash; Eight Roads (Fidelity&rsquo;s India PE arm), Saam

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Fantasy Gaming Startup Dream11 Looks To Raise $100 Mn From Tencent

Mumbai-based fantasy gaming startup Dream11 is looking to raise $100 Mn from Chinese Internet conglomerate Tencent, following the latter&rsquo;s interest in the Indian gaming industry.

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We Will Double Down On Our Growth Strategy In India: Uber COO Barney Harford

Uber COO Barney Harford is on his India visit and unlike the CEO Dara Khosrowshahi&rsquo;s polite attitude towards the rival Ola, he seems to be quite aggressive on taking a better positioning

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TR Capital Raises Its Stake In Lenskart To 10% Post Secondary Share Sale

In yet another successful secondary investment in India, TR Capital has announced that it now holds more than 10% stake in Indian eyewear startup Lenskart. &nbsp;

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Prime Added Maximum Users In India In Its First Year In Amazon’s History: Jeff Bezos

In its latest Annual Shareholder letter, Amazon Inc. founder Jeff Bezos has claimed that its paid subscription service, Prime, added more members in India in its first year than any previous g

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Updated: Facebook Integrates Mobile Recharge On Its Marketplace; Payments Feature Still Not Available In India

Amid news pertaining to the Facebook data leak, non-users&rsquo; data tracking and Mark Zuckerberg&rsquo;s testimony in the US Congress, the social media giant has been working on a host of ad

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Ibibo Group Secures $9.83 Mn Cash Infusion From The Parent Company

Ibibo Group has secured a fund fusion of $9.83 Mn (INR 65 Cr) in March 2018 from its Singapore-based parent company Ibibo Group Holdings (Singapore) Pte. Ltd, according to recent filings with

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Amid Cash Crunch, Mobile Wallets Register Significant Drop As Users Shy Away From Full KYC

Despite demonetisation, cash still remains the primary means of payments India, as evident from the cash crunch that is currently brewing in the country. Along the sidelines, it seems that tra

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Centre Sets Up Inter-Ministerial Group To Address Ecommerce Issues

Days after reports surfaced that the government has set up an ecommerce think tank, Union Commerce Secretary Rita Teaotia has revealed that the government has now set up up an inter-ministeria

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With Expansion Goals In FY19, Logistics Startup Lynk Raises $3 Mn In Funding

Chennai-based logistics startup Lynk has raised $3 Mn (INR 20 Cr) in funding from the existing investor Ramco Group. The promoters &ndash; P.R. Venketrama Raja (Chairman &ndash; Ramco Systems)

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Walmart Devises Strategies To Retain Top Executives Of Flipkart Following The Deal

As the speculations make rounds, Flipkart-Walmart deal is seeing its near-the-completion talks, latest being the retention of top executives. &nbsp; The reports q

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B2B Commerce Platform OfBusiness Raises $11 Mn From Zodius Capital, Others

B2B commerce company OfBusiness has raised about $11 Mn (INR 75 Cr) in a round led by Zodius. Existing investor Matrix Partners also participated in the round. &nbsp; <di

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Nandan Nilekani Invests $2 Mn In Assisted Ecommerce Startup ShopX

Bengaluru-based assisted ecommerce startup ShopX, run by 10I Commerce Services, has raised $2 Mn (INR 13 Cr) in funding from strategic investor Nandan Nilekani. &nbsp; <d

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Hello Network CEO Orkut Büyükkökten Seeks Investment From Indian Investors

The newly launched social network platform by Orkut B&uuml;y&uuml;kk&ouml;kten, Hello Network Inc., is in talks to gain strategic partners in India. It is aiming to raise funds from Indian inv

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Flipkart Signs Exclusive Partnership With ASUS To Bring India Focussed Products

Propelling its leadership in smartphone segment, homegrown ecommerce major Flipkart has signed a Memorandum of Understanding for an exclusive partnership with Taiwanese smartphone maker ASUS.<

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Ola To Lead $7 Mn Funding In Scooter Rental Startup Vogo

Soon after the acquisition of Ridlr, homegrown cab aggregator Ola is now in talks with Bengaluru-based scooter rental startup Vogo Automotive to lead a $5-7 Mn round of funding in the startup.

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Indian ride-hailing firm Ola to add 10,000 electric three-wheelers to fleet

NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan&#39;s SoftBank Group, said it will add 10,000 electric three-wheelers to its fleet over the next 12 months as part of a plan

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News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [9-14 April 2018]

We bring to you the latest dope of the Indian startup news stories of the week from the Indian startup ecosystem. &nbsp; One of the biggest news impacting the Ind

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How To Find A Mentor Who Will Help You Propel Forward

As a founder, it is your responsibility to surround yourself with the right team, early adopters and investors, as they can make or break your business. However, it can be difficult to make th

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Omnivore Adds Precision Agriculture Startup AgNext To Its Agritech Startup Portfolio

Impact venture fund, Omnivore, has invested an undisclosed amount in Chandigarh-based agritech startup AgNext through its second fund Omnivore partners India Fund 2. The deal also saw particip

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Cognizant And Indian Insurers Jointly Develop Blockchain Solution For Secure Data Sharing

IT services giant Cognizant, along with a consortium of Indian life insurers have developed a blockchain based solution to facilitate secure data sharing among companies. The technology is des

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Turning Dirty Laundry Into A Profitable Business: UClean On A Path To Disrupt The $34 Bn Unorganised Market

&ldquo;Behind every successful woman is a basket of dirty laundry,&rdquo; Sally Forth quips in Greg Howard&rsquo;s famous daily comic strip by the same name. The statement, Arunabh Sinha will

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AI Focussed Edtech Startup Embibe To Receive $180 Mn Strategic Investment From RIL

Reliance Industries Limited (RIL) has reportedly agreed to invest over $180 Mn into AI-based education platform, Embibe over the next three years. This will put RIL in a position to buy out ar

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[What The Financials] With ARR Of $9.30 Mn And CAGR Of 75% - BYJU'S To Breakeven In Less Than 2

In March 2018, BYJU&rsquo;S quietly became India&rsquo;s first edtech company to enter the country&rsquo;s rarefied unicorn club, crossing $1 Bn in estimated worth. With around 2500 employees,

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India's Coinsecure exchange says $3 million worth of bitcoins stolen

NEW DELHI (Reuters) - Coinsecure, an Indian cryptocurrency exchange, said nearly $3 million were stolen from its bitcoin wallet, the biggest reported so far in the country&#39;s fledgling virt

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Instamojo Records 118% Growth In FY18, Now Looks To Cross GMV Run Rate Of $923.7 Mn In FY19

Bengaluru-headquartered Instamojo, a micro products and digital payments platform for SMEs, has shared its annual performance report for FY 18. &nbsp; In the late

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Personalisation Tech: The Key To The Future Of Marketing Automation

Personalisation is soon becoming a core strategy for brand marketers today. Personalisation leaders stand to capture a substantial share of the market along with the profits, leaving the slow-

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Amidst Merger Talks With Ola, Uber COO Barney Harford To Visit India

It seems Uber&rsquo;s relationship building exercise with the Indian government and business leaders is not over yet. Within two months of Uber&rsquo;s CEO Dara Khosrowshahi&rsquo;s India trip

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Flipkart Challenges Income Tax Department’s Decision; Says “Can’t Pay Tax On Fictional Income

In response to the Income Tax panel&rsquo;s refusal to stay the $17.2 Mn (INR 110 Cr) tax penalty on Flipkart for FY15-16, the homegrown ecommerce major has once again challenged the IT depart

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Amazon Wedges Itself In The Acquisition Deal Between Walmart And Flipkart, Offers $2 Bn Breakup Fee

Days after Walmart completed due diligence on Flipkart, global rival Amazon has reportedly offered a breakup fee of around $1 Bn to $2 Bn to the homegrown ecommerce unicorn, thus wedging itsel

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Google Files Appeal To NCLAT Against The CCI Order

Months after CCI (Competition Commission of India) charged $21 Mn (INR 136 Cr) fine on Google for conducting unfair business practices in India for online search, the global search giant has n

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If You’re Interested In Open Source Development, Wingify’s Paras Chopra Is Ready To Fund Your Projects

After leading Wingify to success, founder Paras Chopra has been constantly tweeting about his interest in open source and his willingness to support open source development in India. <d

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[What The Financials] $52.7 Mn In Funding And $900K Revenues - Coverfox’s Financials Show That Online Insurance Has A Long Way

With the rush of venture capital investments in Indian fintech over the past few years, sectors like lending, insurance tech, etc., besides digital payments, have seen a surge of investor inte

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Built For And With Driver Partners, Uber Launches New Partner App In India

The ride-sharing company, Uber, is fueling its ambitions across the globe amidst dissatisfied drivers who recently went on mass strikes. Therefore, Uber CEO Dara Khosrowshahi&rsquo;s recent bl

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Govt's Major Push To Promote Startups In India, FFS Funds 109 Startups

In an attempt to boost entrepreneurship, the Department of Industrial Policy and Promotion (DIPP) has already disbursed $79.7 Mn (INR 517.92 Cr) under its Fund of Funds for Startups (FFS) init

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Meru Cabs To Now Focus On B2B Clients To Face Off Ola, Uber

After adopting marketplace model, homegrown cab service provider Meru Cabs is now looking to focus on B2B clients to address its falling revenues with Ola and Uber taking the lead in the B2C c

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PayPal To Deepen Its India Presence; To Focus On Tier II & III Cities Too: India MD Anupam Pahuja

In a slew of moves made by PayPal, the global digital payments giant is showing its keenness to work towards dominating the Indian market. In a recent conversation with Inc42, Anupam Pahuja, M

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After Ridlr, Ola Is Now Looking To Acquire Foodtech Startup FreshMenu

Days after Ola announced the acquisition of Ridlr, the cab aggregator is now said to be in talks to acquire foodtech startup FreshMenu and another similar startup. &nbsp;

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Fundamentum Leads $12 Mn Series C Funding In Travel Marketplace TravelTriangle

Gurugram-headquartered travel marketplace TravelTriangle has raised $12 Mn (INR 78 Cr) in a Series C round of funding led by growth-capital fund Fundamentum. Existing investors &ndash; SAIF Pa

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With 50% Of All Job Postings On Indeed, Bengaluru And Mumbai Leads In Blockchain Job Creation

Data released by job site Indeed shows that there has been a significant demand for professionals in the blockchain sector leading to a boom in the blockchain job creation, with jobs concentra

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Mark Zuckerberg’s Next Apology In Line? WhatsApp Sharing Users’ Payments Data With Facebook

While the news regarding Facebook data leak with Cambridge Analytica is still boiling all around, in another news revelation, WhatsApp &ndash; freeware messaging and VoIP service by Facebook &

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Indian-Origin Researcher Develops Wearable Device to Transcribe Words 'Spoken in Your Head' [Watch Video]

Researchers including two of Indian origin at Massachusetts Institute of Technology (MIT) have developed a computer interface that can transcribe words that the user verbalises internally but

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Walmart Completes Due Diligence For Stake In Flipkart After Rival Offer From Amazon

Days after buzz of ecommerce behemoth Amazon raising an offer to acquire Flipkart, the reports have surfaced that Walmart has completed its due diligence process and has floated an offer propo

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Surprise! Amazon now sells more than 70 of its own private-label brands

After Amazon launched its first private-label brands in 2009, the company took a four-year hiatus before it created any more. And when it got back into the game with the launch of its own diap

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MakeMyTrip To Delist Treebo, FabHotels Following Agreement With OYO

Online travel company MakeMyTrip is in works to delist its budget-focused hotel aggregators, Treebo Hotels and FabHotels, following an agreement with homegrown hospitality major OYO. <d

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Who Is Amit Bhardwaj? The Real Story Behind $300 Mn Bitcoin Ponzi Schemes And More

Che Guevara to Osho, the parabolic curve of their successes was largely dependent upon manipulating people&rsquo;s mind, &ldquo;making the common man feel that he or she can tame the entire wo

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NITI Aayog To Develop National Data & Analytics Platform With Private Players

The NITI Aayog is planning to develop the National Data and Analytics Platform by collaborating with private tech players, as revealed by a top government official to ET. &nbsp;

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How Do SaaS Companies Like Zoho Retain Tech Employees?

&ldquo;Question: What&rsquo;s your take on the Indian tech startup ecosystem? Do you see a common problem in the ecosystem? Answer: There is an excessive worship of credentials

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In Light Of Facebook Privacy Breach, RBI Asks Payment System Operators To Store User Data Within India

After cracking down on cryptocurrency-related services, the RBI has now asked all payment system operators in the country to store data &ndash; pertaining to their customers &ndash; within Ind

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Kunal Shah Is Looking To Raise $30 Mn Capital For His New Venture

Months after Freecharge founder Kunal Shah caused Twitter waves with his plans for a new startup in 2018, reports have surfaced that he is now looking to raise nearly $30 Mn in Series A fundin

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Indian Cryptocurrency Users Launch An Online Petition Against RBI; Demand RBI To Reconsider

As the RBI hardens its stance and bans banks from dealing with cryptocurrency entities, many Bitcoin investors and exchanges have preferred to HODL (Hold Your Cryptocurrency) until more clarit

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Venture Capital Firm India Quotient Announces First Close Of Its Third Fund

Venture capital firm India Quotient has made the first close of its $50-$60 Mn new fund raising more than $30 Mn. &nbsp; The biggest investment came from a Gulf-b

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PayPal Digitises FIRC Payment Option To Shorten Payment Cycle For Indian Sellers And Freelancers

Making another move to solidify its presence in India, fintech giant PayPal has announced plans to digitise the FIRC application process for easing the cross-border inward payments troubles fo

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Amazon Business: Amazon India Enables Indian Sellers And Exporters To Sell B2B Globally

Opening the global market for Indian vendors, Amazon India has now launched its B2B selling programme allowing Indian sellers and exporters to sell their products and services abroad as well.<

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Employee Transportation Startup MoveInSync Raises $8 Mn In Series B Funding

Bengaluru-based employee transportation startup MoveInSync Technology Solutions has raised $8 Mn in Series B funding round led by Nexus Venture Partners. Existing investors including Inventus

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Amazon Eyes A Slice Of Online Gaming Pie; Partners With Nazara For Fire TV

Mumbai-headquartered mobile gaming startup Nazara Technologies has forged an alliance with Amazon to provide localised Indian gaming experience on Fire TV. With this, the company&rsquo;s offer

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With 45% Y-O-Y Growth In FY18, Here’s Where Zomato Is Earning Its Revenues From

As the Indian foodtech unicorn Zomato hit 5.5 Mn monthly food orders in March 2018, the FY18 results of the company are enough to set a benchmark here for rest of the industry. In a recent blo

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Paytm Mall Gains Unicorn Status: Raises $445 Mn Funding From SoftBank, Alibaba

The beginning of the new financial year could not have been better for Paytm. While the parent company Paytm has been busy revamping its app, it&rsquo;s ecommerce subsidiary Paytm Mall has sec

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BHIM UPI Transactions Cross 1 Bn Mark In FY 2017-18

Marking another milestone, UPI enabled app BHIM&nbsp; has recorded one billion transactions in FY 2017-18, crossing the value worth $15.36 Bn (INR 1 Tn). &nbsp; I

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Digital Payments Giant Paytm Revamps App, Makes It More Intuitive And User-Friendly

At a time when the country&rsquo;s digital payments space is undergoing major changes as a result of the RBI&rsquo;s stricter KYC mandates, homegrown unicorn Paytm has revamped its app to make

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Indian Tech Startup Funding Report Q1 2018: $1.17 Bn Invested Across 196 Deals

An overall glance at the Indian tech startup ecosystem will exhibit a much finer picture: 100th position in terms of ease of doing business; 37th position on the global startup ecosystem compa

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Here Is Fynd’s Pitch Deck That Made Google Invest In It

Farooq Adam, the co-founder of O2O fashion platform Fynd suggested this definition when he first published company&rsquo;s funding pitch deck in May 2016. &nbsp;

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IRCTC Looks To Join Digital Payments Bandwagon With Launch Of Payment Gateway ‘Ipay’

As the Indian digital payments touch $200 Bn mark, the segment has started gathering the attention of traditional players to test waters. As per reports, Indian Railways&rsquo; subsidiary IRCT

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While Paytm Clocked 5x Growth In Online Ticket Sale In FY17, BookMyShow Saw Its Losses Widen 138 Times

Mumbai-headquartered online ticketing platform BookMyShow reported a 27% jump in operational revenues to $46.2 Mn (INR 300.6 Cr) in FY17, from $36.2 Mn (INR 236 Cr) in the fiscal before that.<

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Google Leads Series C Funding In O2O Fashion Ecommerce Startup Fynd

Reaffirming its commitment to the Indian startup ecosystem, global search giant Google has led Series C funding in O2O fashion ecommerce platform, Fynd. &nbsp; Ot

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CDPQ Invests $20 Mn In Nandan Nilekani Led Growth Fund Fundamentum Partnership

Nandan Nilekani and Sanjeev Aggarwal owned Fundamentum has raised an initial investment of $20 Mn from CDPQ, a Canada-based institutional investor, for its first growth fund&nbsp; &ldquo;Funda

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Microsoft Ventures Plans A Come Back To India, Targets New Age Tech Startups

After a long absence, Microsoft is now planning to revive Microsoft Ventures in India. As per reports, the tech giant is looking to open an office and invest in Indian tech startups using new

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Indian Government Writes Letter To Facebook Seeking Details Of The Recent Data Breach

After the Election Commission of India announced that it will continue its partnership with Facebook for the upcoming Karnataka Assembly Polls, calling the recent fiasco a mere &ldquo;aberrati

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Flipkart Earmarks Millions Of Dollars For Online Grocery Business; Eyes Movie Ticketing Market

At a time when Amazon is doubling down to strengthen its food retail business in India with a pilot in Pune and 15 new fulfilment centres, homegrown ecommerce rival Flipkart is also evaluating

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Flipkart Set To Be An OTA Giant After Conquering Ecommerce, To Take On MakeMyTrip, Yatra

Mumbai based mid-market private equity firm SeaLink Capital Partners has announced the first close of its maiden fund at $315 Mn (INR 2,045.45 Cr), which is significantly higher than its initi

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After Raising $100 Mn, Swiggy Now In Talks With Coatue Management For Another $100 Mn

New York-headquartered technology hedge fund Coatue Management is reportedly holding discussions with a couple of other investors to pump $50 Mn-$100 Mn in homegrown online food delivery start

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Ola Might Acquire Uber India With SoftBank Playing The MatchMaker

While the cab hailing majors, Ola and Uber, are busy handling the strikes by their drivers on the frontend, Ola is in talks to acquire Uber&rsquo;s Indian operations. The deal will be facilita

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To Challenge Flipkart’s PhonePe, Amazon India To Continue Investments In Digital Payments Arm

Amidst increasing competition from PhonePe, owned by rival Flipkart, ecommerce giant Amazon India is reportedly doubling down to bolster its digital payments business. As stated by the newly-a

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Ministry Of Health Issues Draft For Healthcare Security Act; Warns Of Five Year Jail, $6,164 Fine On Healthcare Data Breach

In a silent yet tough stance towards data breach, the central government of India has released a draft of Healthcare Security Law under Digital Information in Healthcare Security Act (DISHA) a

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Fintech Startup Cash Suvidha Raises $1 Mn In Pre-Series A Funding

Delhi-based online lending platform Cash Suvidha has raised $1 Mn in a Pre-Series A funding round from Initia Holdings; Vipin Agarwal, Partner in India Industrial Growth Fund and others.

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On-Demand Driver Aggregator DriveU Raises $3 Mn In Pre-Series A Funding

Bengaluru-based on-demand driver aggregator DriveU has raised $3 Mn in Pre-Series A funding led by Singhal Foundation, an NGO working for education of underprivileged children.

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WhatsApp Inches Closer To Full UPI Compliance, Enables Scan QR Code Feature

Over a month after Paytm accused Facebook-owned WhatsApp of trying to enter the country&rsquo;s digital payments market through unfair means by flouting NPCI norms on UPI, it seems that the in

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Quona Capital Looking Forward To Raise $150-200 Mn Fund III With Anchor Investor Accion And Others

Quona Capital, the Washington-based fintech impact investor, which has been making investments in Indian companies from its Fund II worth $142 Mn is now en route to raising its Fund III.

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Amazon India Closes In On Flipkart’s Dominance In Ecommerce Market: Forrester Report

In a report titled &lsquo;Online Retail Forecast (2017-2022) Asia Pacific&rsquo;, Forrester Research has found that Amazon India is now behind Flipkart by only 1% in GMV market share for 2017,

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Emerald Media Invests $80 Mn In Sports Tech Company GSC

Private equity firm KKR-backed investment platform, Emerald Media, has led $80 Mn in Singapore and Chennai-based sports tech company GSC (Global Sports Commerce) through a combination of prima

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Flipkart Burnt Through Nearly Half Of $6.1 Bn It Raised From Investors In The Last 10 Years

Homegrown ecommerce giant Flipkart has burnt through nearly half of the $6.1 Bn funding it raised from investors over the last decade, since it started operations in 2007. The company&rsquo;s

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Music Streaming Giants Jio Music And Saavn Integrating Services With A Combined Value Of $1 Bn

Less than a month after the global giant, Amazon, entered the Indian music streaming space with Amazon Prime Music, two Indian music streaming majors &ndash; Reliance Jio Music and Saavn &ndas

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Six Months After Raising $250 Mn Led By SoftBank, Hotel Aggregator OYO Is On The Hunt For Another $800 Mn

Gurugram-headquartered hotel aggregator OYO is reportedly in talks to raise $500 Mn-$800 Mn in funding. The development comes more than six months after the company secured $10 Mn from Chinese

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Micro-Jobs Providing Startup GigIndia Raises Seed Funding From Angel Investors

Pune-headquartered GigIndia, which provides micro-jobs to students has raised an undisclosed amount of Seed funding from a consortium of angel investors. The list includes Jessica Wong, Foundi

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Flipkart Revamps Logistics Network, Plans To Open Logistics Centre In Kolkata

After revealing the plans of setting up a state-of-the-art logistics centre in Bengaluru, Flipkart has now announced to open an 80 acres logistics centre in Kolkata to cater to its East and No

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With $18 Mn Funding Led By Insight Venture, Chargebee Aims To Break-Even Profitability Soon

Chennai-based subscription management and recurring billing solutions startup Chargebee has raised $18 Mn growth capital from New York-based Insight Venture Partners. &nbsp;</di

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As Flipkart Deal Intensifies, Walmart Eyes Higher Investments In India, Hiring Top Talent

As the talks about Walmart taking up major stake in Flipkart intensify, Walmart is looking to double its investments in India while hiring top technology talent and investing or acquiring Indi

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Customer Engagement Company ZineOne Raises $2.5 Mn Funding From Omidyar Network

Silicon Valley-headquartered customer engagement company ZineOne has raised $2.5 Mn in Series A round of funding led by Omidyar Network. The company currently has an office in India. <d

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Digital Payments Giant Paytm Records $20 Bn GTV Run Rate, Up From $5 Bn In March 2017

Homegrown digital payments giant Paytm has recorded a four-fold jump in its annualised gross transaction value (GTV) to $20 Bn (INR 1.3 Lakh Cr), up from $5 Bn in March 2017. &n

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In Light Of Recent Facebook Breach, Privacy Advocates Demand Stronger Data Laws In India

After news of one of Facebook&rsquo;s biggest data breaches perpetrated by British big data analytics startup Cambridge Analytica surfaced earlier this week, privacy advocates in India are now

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Micromax Invests In AI Based Startup One Labs To Imbibe Its Product InOne

Accelerating its journey towards creating a holistic service ecosystem, Micromax Informatics, the world&rsquo;s 10th largest handset maker, today announced its investment in a consumer technol

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Ecommerce Giant Flipkart Asks Sellers To Bear 60% Of Discounts

Bringing a change in its discounting model, homegrown ecommerce player Flipkart has asked its sellers to deal with 60% of the discounts during sale events. &nbsp;

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VC Firm Sequoia Capital To Slash Sixth India Fund Size By 25% To $600 Mn-$700 Mn

US-headquartered VC firm Sequoia Capital is reportedly slashing the size of its new India fund by 25%. This comes at a time when investors are taking a guarded approach towards the country&rsq

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Swiggy Rolls Out UPI Driven Digital Payment Solutions For Its Delivery Partners

Homegrown food delivery company Swiggy has partnered with ICICI Bank to roll out two convenient and hassle-free digital payments solutions for its delivery partners. &nbsp;</div

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After Google And Facebook, Twitter May Also Ban Cryptocurrency-Related Ads

After Facebook and Google, leading microblogging platform, Twitter, is now considering to ban Bitcoin and cryptocurrency-related ads. &nbsp; Twitter&rsquo;s new a

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Homegrown Hotel Aggregator OYO Acquires Chennai-Based Novascotia Boutique Homes

Gurugram-headquartered hotel aggregator OYO has announced the acquisition of&nbsp; Chennai-based service apartment operator Novascotia Boutique Homes. This comes days after OYO announced its a

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Ecommerce Behemoth Amazon India Modifies Seller Fees To Engage More Sellers

In an attempt to encourage sellers to engage more with its marketplace, Amazon India has reportedly altered its seller fees in various segments. The changes will be applicable from April 19.</

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Foodtech Startup Fingerlix Raises $1.31 Mn Venture Debt From Alteria Capital

Ready to cook foodtech startup Fingerlix has raised $1.31 Mn (INR 8.5 Cr) of venture debt from the maiden venture debt fund launched by Alteria Capital this month. &nbsp;

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Music Streaming Giant Spotify To Focus On Indian Market, Says CEO Daniel Ek

Sweden-headquartered music streaming giant Spotify is in the process of launching operations in India, co-founder and CEO Daniel Ek announced recently during the company&rsquo;s investor day p

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Cab Leasing Arm Of Uber, Xchange Leasing India, Posts $10.7 Mn Revenue For FY17

The Mumbai-based cab leasing arm of Uber, Xchange Leasing India Pvt. Ltd, reported a revenue of $10.7 Mn (INR 69.7 Cr) for FY17. &nbsp; According to the filings w

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SoftBank Leads $62 Mn Funding Round In Online Grocery Startup Grofers

Online grocery delivery startup Grofers has raised $61.6 Mn (INR 400 Cr) in a round of funding led by SoftBank. With this, the Japanese investment behemoth now holds a 35%-40% stake in the Gur

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With Over 200 Instant Apps For Consumers, AppBrowzer Will Now Help Local Businesses To Create Express Apps In 10 Minutes

There is no doubt that this is the time for a booming app economy. While hordes of apps which are populating the Play Store and iOS store enable the users to do everything &ndash;&nbsp; from o

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Fractal Analytics Acquires Behavioural Architecture Company Final Mile

Mumbai-headquartered data analytics company Fractal Analytics has acquired behavioural architecture company Final Mile. &nbsp; On the acquisition, Srikanth Velama

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Google Maps Introduces Voice Navigation In 6 Additional Indian Languages, Plus Codes For Addresses

To outplay the latest aerial, indoor and 3D mapping innovations by HERE Maps and other competitors like TomTom and Bing &ndash; the undisputed leader of mapping solutions, Google Maps, has lau

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Paytm Launches Wealth Management Products Gold Gifting And Gold Savings Plan

Digital payments player Paytm has announced the launch of two new services &ndash; Gold Gifting and Gold Savings Plan as a part of its wealth management offering Paytm Gold. Through these serv

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Parenting Social Network Startup BabyOnBoard Gets Acquired By RoundGlass Partners

In a fresh turn of events, Seattle-based investor RoundGlass Partners has acquired parenting memories and milestone platform BabyOnBoard for an undisclosed amount. With this development, the s

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Venture Capital Firm Kalaari Capital Looks To Sell Stake In Snapdeal

Venture capital firm Kalaari Capital, which was one of the early investors in Snapdeal, is looking to sell its stake in the ecommerce firm, as per two sources in the know. &nbsp

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Fearless Mobycy Strides Ahead With Dockless Bike Sharing App To Contend With Ofo And Ola

Bicycles have always been a part of the socio-economic culture of India. The arrival of the British in India brought bicycles to the country. Sometime down the line, it started representing th

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California Based Wibmo Acquires Payments Tech Startup Mypoolin

California-based payments solution company, Wibmo, has acquired Bengaluru-based payment technology startup Mypoolin in an undisclosed amount. The deal is said to be done in part cash and part

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HDFC Bank Bars People Trading Bitcoin And Other Cryptocurrencies With Its Cards

After SBI Bank issued a warning against using SBI credit cards for trading cryptocurrencies, one of the leading private banks of India, HDFC Bank has stated that its credit, debit and prepaid

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Matrix Partners India Led $17.2 Mn Funding Round In Online Lending Startup Avail Finance

Bengaluru-based online lending platform Avail Finance has raised $17.2 Mn in a Series A funding round led by Matrix Partners. The round is a mix of debt and equity. &nbsp;

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Google To Ban Bitcoin And Cryptocurrency-Related Ads Including ICOs

After Facebook announced to ban cryptocurrency related ads earlier this year, it&rsquo;s the search engine giant Google, which is set to ban all cryptocurrency-related ads including ICOs.</div

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Ecommerce Behemoth Flipkart To Bolster ‘Relatable Indian Brands’

As PM Narendra Modi has shifted the campaign from &lsquo;Positive India&rsquo; to &lsquo;Progressive India&rsquo;, ecommerce behemoth Flipkart is also set to unveil a new brand called &lsquo;N

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Paytm App Stops Asking For Root Access On Android Phones

Last week, Paytm app asking for root access on Android phones had raised major concerns. Now after being flagged by a French security researcher, the digital payments player has fixed the sens

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Foodpanda Announces Launch Of State-Of-The-Art Technology Centre In Bengaluru

Food delivery platform, Foodpanda has announced the launch of its technology centre in Bengaluru. The state-of-the-art technology centre will be operational in next few weeks. &

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Digital Retail Payments Platform Pine Labs Raises $82 Mn Led By Actis

New Delhi-based digital retail payments platform Pine Labs has raised a funding round of $82 Mn led by Actis Capital and joined by new investor Altimeter Capital. &nbsp;

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OYO Moves On From ZO Rooms Battle, Plans Acquisitions In India And Outside

Fighting off &ldquo;once burnt, twice save&rdquo;, OYO rooms is back in the game. Moving on from a fierce court battle with ZO rooms, the company is looking for some new acquisitions in the sp

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HealthTech Startup HealthAssure Raises $1 Mn In Funding From The HR Fund

Following in the footsteps of ecommerce and fintech startups, healthtech is another sector where the Indian tech startups have been successful in attracting huge investments. After Healthifyme

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Amazon Prime To Up Its Game In The Indian Video Battle, Looking To Add More Regional Content

The Indian video battle is getting intense. In order to up its game amidst players like Netflix, Hotstar, Voot in the $280 Bn video streaming market, Amazon Prime Video is reportedly looking t

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Innov8 Coworking Goes Big With DLF, Brings In A 500 Seater World-Class Center In Cyber Hub Gurugram

Y Combinator-backed coworking space, Innov8, has launched its seventh centre in Gurugram. The fully-managed office space located at Tower 8B, DLF Cyber Hub, Haryana, has the capacity to house

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Online Fashion Retailer Koovs To Raise Another $32 Mn Funding Round Soon

Koovs plc, a Delhi- and UK-based online fashion etailer is looking to raise another $32 Mn in an upcoming funding round. &nbsp; &ldquo;We will need up to $69.3 Mn

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7 Myths About Accelerator Programs In India: Insights From Our Journey At Axilor

Running the largest accelerator program in the country, we get not only hundreds of startup applications but equally high number of questions from founders. The questions make three things cle

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Estonia Announces E-Residency Programme To Support Indian Startups

As a warm welcome for Indian startups to the European Union (EU),Estonia has introduced its E-Residency programme for Indian startups to work in the country without any hassle.

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Cryptocurrency This Week: Goldman Sachs Sends Notice To Bitcoin Exchange Bitman Sachs For Trademark Violation And More

The crypto community is getting bigger by the day despite the mixed reactions from corporate and regulatory authorities, as Bitcoin has got fans sharing a stronger covalent bond than that of &

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Paytm, Alibaba And Tencent Strive For A Slice Of India’s Booming Gaming Industry

With Paytm recently launching a mobile gaming platform Gamepind, as part of its joint venture with Alibaba-owned AGTech Media, it is now Chinese Internet conglomerate Tencent that is looking f

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Techstars To Launch Its Startup Accelerator Programme In India; Looks To Set Up An India Focussed Fund

US-based Seed accelerator and incubator Techstars will launch its new startup accelerator programme in India next month. To this end, the company has hired Bala Girisaballa, former Managing Di

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PhonePe Hits Out At Paytm, Says Paytm’s Claims Of Being Largest Player On UPI Are Misleading

Things have not been quiet in the first two months of this year for the digital payments space in India.&nbsp; If a few days ago it was Paytm lashing out at WhatsApp for unfair play, now Flipk

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Women In India Less Inclined To Entrepreneurship Due To Cultural Bias, Says Report

A study by Mastercard Index of Women Entrepreneurs (MIWE) has ranked India 52nd out of 57 countries judged on the basis of parity for women entrepreneurs. The report highlighted that the main

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OLX Witnesses Major Growth In Pre Owned Cars Segment; Claims 77% Market Share

OLX, an online classifieds marketplace for auto, real estate and goods and services, registered a 50% growth in the number of buyers in the pre-owned cars category last year. During the said p

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Flipkart Plans 4.5 Mn Sq Ft State-Of-The-Art Logistics Park In Bengaluru

Indian ecommerce giant Flipkart is planning to set up a 4.5 Mn square feet state-of-the-art logistics park in Bengaluru. &nbsp; The company claimed, in a statemen

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Airbus Teams Up Two Indian Startups Accelerated Under Airbus BizLab

In an attempt to support the government&rsquo;s Make In India and Startup India initiatives, France-headquartered aeronautical products maker Airbus has signed contracts with two Indian startu

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Low Cost Mobile Phone Maker BRITZO Sets Up Operations In India; Makes $15.3 Mn Make In India Commitment

Driven by the aim of digitising rural India, communications company BRITZO has launched its operations in the country, with a $15.3 Mn (INR 100 Cr) commitment towards the &lsquo;Make in India&

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After WhatsApp Refuses To Cooperate, SEBI Asks Tata Motors To Conduct Internal Inquiry Into Earnings Leak

After WhatsApp refused to share user data with Securities and Exchange Board of India (SEBI) on grounds of privacy, the market regulator has asked Tata Motors to conduct an investigation into

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Mobile Movie Theatre PictureTime Raises $3.85 Mn In Pre Series A Funding

Mobile movie theatre PictureTime has raised $3.85 Mn (INR 25 Cr) in a Pre Series A funding round from a group of high net-worth individuals (HNIs). The round of funding was led by Ajay Relan,

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How Self Drive Car Rental Startup Zoomcar Turned EBITDA Positive

Bengaluru-headquartered self-drive car rental startup Zoomcar has turned EBITDA positive, the company claimed in a recent statement. The financial milestone, which was achieved in December 201

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Furniture And Home Marketplace Pepperfry Rakes In $38.5 Mn Funding From State Street Global Advisors

Mumbai-based furniture and home marketplace Pepperfry has raised about $38.5 Mn (INR 250 Cr) in its fifth round of funding from State Street Global Advisors, the asset management business of S

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Kotak Mahindra Bank Partners With NASSCOM To Launch Collaborative Platform For Startups

Mumbai-headquartered Kotak Mahindra Bank, in association with NASSCOM, has launched a new collaborative platform for startups, with a special focus on fintech startups. Dubbed as the Kotak Pay

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After Flipkart, SoftBank Eyes Stake In Paytm Mall At $2 Bn Valuation

The recently released Inc42 DataLabs Funding Report 2017 quoted the last year as the &lsquo;era of SoftBank India invasion&rsquo;. With empires like Flipkart, Ola, OYO, Swiggy, Paytm under its

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Myntra Designs Receives $63.7 Mn Capital From Singapore Based FK Myntra Holdings

Ecommerce fashion marketplace Myntra Designs has received a capital infusion of $63.68 Mn (INR 414 Cr) from Flipkart&rsquo;s Singapore-based subsidiary FK Myntra Holdings. &nbsp

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Indian Government Constitutes Special Committee For The Fintech Sector

The central government has announced that it has set up a special committee to look into the growth and development of the Indian fintech sector. The panel, led by the Department of Economic A

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Ecommerce Giant Amazon Fuels Digital Payments Arm Amazon Pay With $30 Mn Funding

Amazon Pay, the digital payments arm of ecommerce giant Amazon, has reportedly raised $30 Mn (INR 195 Cr) from its parent entity. The development comes just over five months after Amazon Pay I

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Ride Hailing Firm Ola In Talks With Temasek To Raise Upto $1 Bn In Funding

Ride hailing firm Ola is in talks with Singapore&rsquo;s sovereign wealth fund Temasek and other investors to raise another $500 Mn to $1 Bn in funding, according to people familiar with the d

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With Amazon Strengthening Its Grocery Delivery Army, BigBasket Makes Offline Foray With Kiosks

Online grocery delivery startup BigBasket is reportedly looking to tap the offline market through kiosks that will stock fruits, vegetables, FMCG goods and other daily grocery items. The devel

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MEMG, Beenext Lead $2.1 Mn Seed Funding For Digital Therapeutics Startup Wellthy Therapeutics

Mumbai-based digital therapeutics healthtech, Wellthy Therapeutics, has raised $2.1 Mn in Seed funding from Dr. Ranjan Pai&rsquo;s family office MEMG (Manipal Education and Medical Group), alo

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HDFC Group Invests $10 Mn In MedGenome To Complete Its $40 Mn Series C Funding Round

Bengaluru-based genomics research and diagnostics company MedGenome has secured an additional $10 Mn funding from HDFC Ltd., HDFC Life and HDFC Asset Management to complete its Series C round

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Ninjacart Raises $1 Mn In Venture Debt Funding From Trifecta Capital

Bengaluru-based B2B agri-marketing platform Ninjacart has raised around $1 Mn (INR 7 Cr) in venture debt funding round from Trifecta Capital. &nbsp; Owned and ope

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PE Firm Turn/River Capital Acquires SaaS Based HR Tech Platform Recruiterbox

SaaS based HR tech platform Recruiterbox has been acquired by San Francisco based private equity firm Turn/River Capital in an undisclosed all cash deal (no stock or earn-outs).

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News Roundup: 10 Indian Startup News Stories That You Don’t Want To Miss This Week [26 Feb-03 Mar 2018]

We bring to you the latest dope of Indian startup news stories of the week from the Indian startup ecosystem. &nbsp; One of the biggest news impacting the Indian

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Movers And Shakers Of The Week [26 Feb-03 March 2018]

We bring to you the weekly dope of important movers and shakers from the Indian startup ecosystem. Zomato Cofounder Pankaj Chaddah Resigns Zomato, company&rsquo;s

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Funding Galore: Indian Startup Funding Of The Week [26 Feb-03 March 2018]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. &nbsp; This week 18 Indian startups raised about $394 Mn in funding altoget

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Behind Indigram Labs’ Push Towards Nurturing Startups In Agri, Health And Renewable Energy

India is today the third largest startup base in the world as per a NASSCOM report. As per the Inc42 Indian Tech Startup Funding report, India sees two startups funded on an average every day.

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Myntra Jabong Pvt. Ltd. Gets $176 Mn Boost From Flipkart

Indian ecommerce giant, Flipkart has infused $176 Mn in its fashion arm Myntra Jabong Private Limited. Per se reports, the fund infusion was done in February this year and the funding was rout

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Google Tez Announces SBI Integration, To Enable 'Tap And Pay' Option Soon

Google-owned UPI-based digital payments app, Tez, will now integrate with SBI (State Bank of India) and let users create an SBI Unified Payments Interface (UPI) id- @oksbi. As part of the part

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Home Rental Startup NestAway Confirms $51 Mn Fundraise From Goldman Sachs, UC-RNT Fund

Home rental startup NestAway has announced a $51 Mn fundraise from Goldman Sachs, UC-RNT Fund and the University of California. &nbsp; As part of the deal, Goldma

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Exclusive: Y Combinator Backed Online Lending Platform Credy Rakes In $1.4 Mn Funding

Online lending platform Credy which facilitates small-ticket, online personal loans and school fee financing loans has raised $1.4 Mn in Seed funding from prominent investors including Y Combi

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UClean Enters Into Home Cleaning Sector, Launches Mint Clean With $1 Mn Funding

Faridabad-based integrated laundry services providing startup UClean has forayed into the home cleaning segment with its new subsidiary Mint Clean. Mint Clean will operate as an on-demand dire

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Amazon Opens 15 Fulfilment Centres To Boost Its Hyperlocal Grocery Delivery Business, Amazon Now

In a bid to strengthen its foothold in India, Amazon has opened 15 fulfilment centres to create a specialised network for its hyperlocal grocery delivery business on Amazon Now.

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Ola Partners With Northern Railways To Offer Last Mile Connectivity

Ola has partnered with the Delhi division of Northern Railways to launch dedicated Ola kiosks at five key railway stations in the national capital. The initiative aims to facilitate last mile

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Reliance Jio Partners With Samsung To Expand IoT Network In India

Reliance Jio, the telecom major led by Mukesh Ambani, has partnered with Samsung Electronics to set up a nationwide IoT (Internet of Things) network. &nbsp; Accor

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Airtel Partners With Google To Bring Low Cost Smartphones Powered By Android Go To India

India&rsquo;s largest telecommunications services provider Airtel&nbsp; has entered into a partnership with Google to bring low cost smartphones powered by Google&rsquo;s Android Oreo (Go edit

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Startup Events To Attend This Week: NSE Tech Conclave, IESA Vision Summit And More

This is Inc42&rsquo;s latest edition of what startup events are coming up in the next week. &nbsp; Canadian Prime Minister Justin Trudeau&rsquo;s India trip is ov

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GST: Ecommerce Players May Not Require E-Way Bill In Small Orders

Amid a continuous delay in the implementation of e-way bill system due to &ldquo;technical reasons&rdquo;, a group of state finance ministers have now decided to start the inter-state movement

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Netflix Sees A Potential Of Adding The Next 100 Mn Customers From India: Reed Hastings, CEO Netflix

&ldquo;Even we could not predict the last two years of Internet growth in India. It is the most phenomenal example of anywhere in the world in terms of lower data cost, more people coming onli

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Apollo Hospitals Signs MoU With IBM To Launch $50 Mn-$100 Mn Fund For Healthtech Startups

In a bid to help healthcare startups grow and scale up, Apollo Hospitals has signed a Memorandum of Understanding (MoU) with IBM to fund startups. &nbsp; Accordin

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OYO-ZO Rooms' Battle: Court Rejects ZO Rooms' Petition On Grounds Of Jurisdiction

The OYO-ZO Rooms&rsquo; battle is now getting fiercer and the ball is steadily moving towards OYO&rsquo;s court. Reportedly, a Gurugram-based district court has rejected an arbitration petitio

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Cryptocurrency This Week: The $20 Tn Bitcoin Blunder In Japan; SBI’s Shilly-Shally Moments And More

While Satoshi Nakamoto made the world transition to a whole new P2P electronic payment system with Bitcoin, the Dogecoin, which was started as a joke has gone on to add $2 Bn market cap, there

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Online Fashion Marketplace Myntra Might Acquire Minority Stake In Sportsgear Company Wildcraft

Online fashion marketplace Myntra is reportedly planning to acquire a 5% minority stake in Bengaluru-based outdoor gear and sports apparel company Wildcraft. &nbsp;

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Alibaba In Talks To Acquire Minority Stake In News App Dailyhunt

Chinese conglomerate Alibaba is reportedly planning to acquire a minority stake in Dailyhunt, a news and e-books app. &nbsp; A report quoting people familiar with

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Paytm To Launch Paytm Score To Give Its Users Credit Rating Based On Digital Transactions

In line with Indian banks&rsquo; credit scoring instrument, CIBIL Score Paytm is now introducing its own credit scoring product Paytm Score. Unlike CIBIL Score, which takes into consideration

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Aditya Birla Group’s Payments Bank Commences Operation

Aditya Birla Group&rsquo;s payments bank, known as Aditya Birla Idea Payments Bank has commenced operations with effect from February 22, 2018. The bank has joined the bandwagon of payments ba

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Paytm Bullish About Insurance Sector, Incorporates Two Companies

Unstoppable. Started as a digital payments startup, Paytm in the last two years has forayed into multiple segments integrating multiple platforms in the process. Backed by two major global con

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Swiggy Introduces Swiggy Scheduled To Bolster Its Food Delivery Service

In its endeavour to bolster its online food delivery service against rival Zomato, Swiggy has introduced a new service, Swiggy Scheduled. &nbsp; The development c

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Supply Chain Startup FourKites Raises $35 Mn In Series B Led By August Capital

Predictive supply chain platform FourKites has raised $35 Mn in Series B funding led by August Capital. The round also saw the participation of existing investors Bain Capital Ventures and Hyd

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Bessemer Eyes Healthtech And Fintech Startups, To Invest $50 Mn In India In 2018

Silicon Valley-based VC Bessemer Venture Partners is planning to invest $40- $50 Mn in 2018 while broadening its existing portfolio of startups in India. Reportedly, the company is looking at

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Uber CEO Dara Khosrowshahi Respects Ola And Considers It To Be A Strong Competitor

Uber CEO Dara Khosrowshahi is currently on his maiden visit to India, since joining the ride-hailing company in August last year. As part of the two-day visit on February 22-23, Khosrowshahi w

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Fintech Startup HighRadius Secures Funding From PNC, Citi Ventures

AI-based fintech company HighRadius, which provides cloud-based integrated receivables software, has raised an undisclosed amount in a strategic funding round led by Citi Ventures and PNC.</di

Read More

Hyperlocal Delivery Startup Grab Raises $1.3 Mn From SIDBI's Venture Capital Arm

Mumbai-based hyperlocal delivery startup Grab has raised $1.3 Mn (INR 9 Cr) funding from SIDBI Venture Capital Arm, the Maharashtra State Social Venture Fund. &nbsp; <div

Read More

Amazon India Inks Deal With T-Series To Strengthen Amazon Prime Catalogue

Gradually building the Amazon Prime content stack, prior to its launch in India, Amazon India has inked a deal with Indian music label T-Series to further strengthen the Prime Music catalogue.

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With $20 Mn Funding From Warburg, Sequoia, Capillary Technologies To Deepen Its CRM Footprint In Asia

Capillary Technologies, a leading cloud-based omnichannel engagement commerce solution company that enables retailers to intelligently engage with their customers, announced that it has raised

Read More

Online Grocery Startup Grofers In Talks To Raise $65 Mn Funding At 40% Lower Valuation

Gurugram-based online grocery delivery startup Grofers is said to be in talks to raise $60-65 Mn in funding from its existing group of investors at a nearly 40% drop in its valuation. <

Read More

To Solve Bengaluru's Traffic Problems, BMRCL Teams Up With Metro Bikes To Offer Bike Rentals

In a bid to address last mile connectivity issues in Bengaluru, Bengaluru Metro Rail Corporation Ltd. (BMRCL) and Metro Bikes, a smart mobility solutions startup, have tied up to provide bike

Read More

Ankur Capital Leads $500K Seed Funding Round In Agritech Startup Agricx Lab

Maharashtra-headquartered Agricx Lab, an agritech startup that uses smartphone imaging to assess the quality of agricultural produce, has raised Seed funding to the tune of $500K led by India-

Read More

Teleco Operated Payments Banks Need To Do KYC Verification Independently: RBI

In light of the UIDAI&rsquo;s temporary ban on Airtel and Airtel Payments Bank for flouting Aadhaar norms, the Reserve Bank of India (RBI) has instructed payments banks to complete the custome

Read More

Amrita TBI Incubator Selects Three Startups As Winners Of PitchFest 2018

Amrita Technology Business Incubator (TBI) will provide Seed investment of $200K to the three winning startups of PitchFest 2018: Yellow Messenger, Linksmart DNA, and Book My Diamond. <

Read More

Cryptocurrency: SBI Cautions Its Credit Card Users Against Bitcoin Trading

As the Union Cabinet has green signalled the bill banning unregulated deposit schemes in India, India&rsquo;s largest public sector bank State Bank of India (SBI) has issued a cautionary and a

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Google Owned Digital Payments App Tez Now Allows Utility Bill Payments

To bolster the offerings of its UPI-enabled digital payments app Tez, Google India today announced the launch of a new feature that is designed to help users pay their bills within seconds wit

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Mahindra Group Takes Leap Of Faith On EVs, Announces $139 Mn Investment

Amid lack of clarity on electric vehicles (EV) policy, Mahindra Group has announced a $139 Mn investment in EVs over the next four years. &nbsp; The company plans

Read More

How HealthTech Startup HappyDNA Looks To Tap The Preventive Healthcare Space For Kids

In October 2017, the Indian Union government in its National Health Policy (NHP) draft indicated the concerns around the increasing burden of NCDs (non-communicable diseases) in the country. T

Read More

Minister Jitendra Singh Invites Young Startups To Explore Northeast For Their Ventures

In a bid to attract entrepreneurs to the Northeastern part of India, Minister for Development of North-Eastern Region (DoNER) Jitendra Singh has invited young startups from pan-India to come t

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Electric Vehicle Makers In India Reach Out To NITI Aayog For Clarity On EV Policy

A plan has been materialised by lobby group Society of Manufacturers of Electric Vehicles (SMEV) to meet top government officials such as Amitabh Kant of NITI Aayog to seek clarity on the gove

Read More

Amazon Becomes First Foreign Venture To Foray Into Indian Food Retail, Starts Pilot In Pune

Beating its global rival Walmart, Amazon has finally claimed the status of becoming the first foreign company to start with its food retail venture in India. Reportedly, it will now be availab

Read More

Microsoft To Deck Up Its Startup Programme With $500 Mn Commitment

Microsoft has announced &lsquo;Microsoft for Startups&rsquo;, a programme aimed at supporting the startups, and is reportedly committing $500 Mn over the next two years to offer joint sales en

Read More

Online Lending Startup Aye Finance Bags $3.8 Mn From Hinduja Leyland Finance And IntelleGrow

Gurugram-headquartered online lending startup Aye Finance has raised $3.8 Mn (INR 25 Cr) from three investors, including Hinduja Leyland Finance and IntelleGrow, which provides debt finance to

Read More

Cryptocurrency This Week: Central User Database, Drivezy ICO, Bitcoin Laundering, And More

The Dark Knight Rises. Bitcoin is back to $10K+ mark. Interestingly and expectedly so, while the glass of cryptocurrency remains half filled for some, while, half empty for others. <div

Read More

Walmart May Buy More Than 40% Stake In Ecommerce Giant Flipkart

US-headquartered retail giant Walmart is looking to acquire more than 40% stake in Indian ecommerce giant Flipkart, as per two sources close to the matter. &nbsp;

Read More

Funding Galore: Indian Startup Funding Of The Week [12-17 Feb 2018]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. &nbsp; This week 14 Indian startups raised about 190 Mn in funding altogeth

Read More

Digital Spending Expected To Grow To $100 Bn By 2020: Google-BCG Report

The digital spending by consumers is expected to grow nearly 2.5 times to $100 Bn by 2020, according to Google-BCG report. &nbsp; Ecommerce products like apparel,

Read More

40% Of Indians Prefer To Watch Video Ads On Mobile Phones

The share of people watching video ads on mobile phones as compared to other mediums is growing rapidly in the Indian adtech market, claimed a survey conducted by a data analytics company, MoM

Read More

PhonePe Takes Another Step Towards Its Mission To Deploy 50 Mn POS Devices

Going ahead on its strategy of deploying its own point-of-sales (PoS) payment terminals, PhonePe has now joined hands with Indian Oil Corporation Ltd. a.k.a IOCL. &nbsp;

Read More

Mahindra Led $40 Mn Series C Funding Round In Zoomcar

Bengaluru-based Zoomcar has closed $40Mn in a Series C funding round led by Mahindra &amp; Mahindra. The round also saw participation from the other existing investors of the self-drive mobili

Read More

Amazon Echo To Make Synchronised Smart Homes Across 20 Cities In India

Online store, Amazon, has announced the availability of Echo Dot, Echo, and Echo Plus for purchase in India. The Echo devices can be purchased from over 350 retail outlets such as Croma, Relia

Read More

Home Rental Solution Provider ZiffyHomes Acquires FellaHomes

New Delhi-based home rental marketplace ZiffyHomes has acquired FellaHomes for an all-cash plus equity deal. &nbsp; With the acquisition, Ziffy plans to consolida

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Quikr Unveils O2O Platform QuikrRealty To Disrupt Real Estate Brokerage Industry

As Louis Glickman says, the best investment on earth is &lsquo;Earth.&rsquo; The real estate business in India is expected to touch $180 Bn by 2020. Of this, a major part is brokerage industry

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Ecommerce Firm Infibeam On A Fast Growth Track; Reports 108% Jump In Revenue To $33.4 Mn In Q3 FY18

Ahmedabad-headquartered ecommerce major Infibeam has reported a 108% YoY growth in revenue to $33.4 Mn (INR 2,135) Mn in Q3 FY18. As per its recent BSE filings, the company&rsquo;s profit afte

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Digital Payments To Evolve Into A $1 Tn Behemoth In India By 2023: Credit Suisse

India&rsquo;s digital payments industry, which is currently worth around $200 Bn, is expected to grow five-fold to reach $1 Tn by 2023, a report by Swiss financial services holding company Cre

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Public sector banks report Rs 19,000 crore loss

The quarter ended December 2017 has turned out to be one of the worst periods for state-owned banks as majority of them had reported a steep loss due to higher provisions against bad loans and

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Following In Alibaba's Footsteps, Paytm Mall Launches A New Model Of Retail

Paytm Mall, the ecommerce arm of digital payments giant Paytm, has launched a new model of retail, wherein customers can walk into brick and mortar stores, scan product QR codes, browse inform

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Amazon India To Launch Multiple Private Label Brands Across Different Categories In 2018

With competition in the country&rsquo;s ecommerce space reaching a fever pitch, Amazon India is reportedly looking to expand its private label business, as a way of boosting its revenue growth

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Agritech Focussed VC Firm Omnivore Partners Makes First Close Of Second Fund At $46 Mn

Agritech focussed venture capital firm Omnivore Partners has announced the first close of its second fund at $46 Mn. As per reports, the amount was raised from a clutch of investors, including

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The 12 Amazing Indian Startups Inc42 Discovered During BIGShift

This was the ethos that kick-started BIGShift, a joint programme by Inc42 and Amazon India for Indian startups that strove to connect the startup ecosystem by hosting localised meetups in eigh

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Tata Group In Talks To Buy Out Health Beverage Paper Boat

After shutting down its loss-making entities in China, and Russia as part of the business restructuring exercise, Tata Group has now get back to strengthening its core businesses.

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Ola Parent To Pump $62.2 Mn In Newly Acquired Food Delivery Platform Foodpanda India

Ola parent ANI Technologies is reportedly planning to invest $62.2 Mn (INR 400 Cr) in newly-acquired online food delivery platform Foodpanda India. The capital infusion, which will take place

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SME Lending Startup Lendingkart Raises Over $87 Mn In Equity Funding

Post raising $4.7 Mn funding round in January 2018, Ahmedabad-based SME lending platform Lendingkart has secured over $87 Mn in an equity funding round as part of its Series C round. <d

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Chamath Palihapitiya Led Social Capital Backs Indian SaaS Startup WebEngage Through Its CaaS Platform

SaaS startup WebEngage, which provides a marketing automation platform, has raised an undisclosed amount of funding from Social Capital, the Palo Alto-based VC firm led by Chamath Palihapitiya

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Electric Vehicles This Week: Tata Motors Showcases 6 EVs At Auto Expo; Budget Allocates $40.5 Mn To EVs

This week, the EV fever in India reached a new peak as a result of the Auto Expo 2018, which is a biennial automotive show currently being held in Greater Noida. Day 1 of the event saw several

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Software Company Icertis Raises $50 Mn Funding From Meritech, Others

The software company Icertis has today announced its $50 Mn Series D funding round from Meritech Capital Partners with additional investments by PSP Growth and Cross Creek Advisors. <di

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CCI Imposes $21 Mn Penalty On Google For ‘Search Bias’

The Competition Commission of India a.k.a CCI has imposed a penalty of $21.13 Mn (INR 136 Cr) on Google for conducting unfair business practices in India for online search. &nbs

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WhatsApp Starts Testing Of UPI Based Payments Feature In India

WhatsApp has reportedly started testing its UPI-based payments feature in India. The new feature, which is available for select WhatsApp beta users on iOS and Android, enables them to send and

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Swiggy Gets $100 Mn In Series F Funding From Naspers And Meituan-Dianping

Amidst merger talks with Zomato, online food ordering and delivery platform Swiggy has raised $100 Mn in Series F funding round led by Naspers. With this round Swiggy also on board the new inv

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Amazon Prime Gets More Eyeballs Than Netflix In India

Competing with around 30 OTT (over-the-top) original online video and entertainment distribution platforms including Amazon Prime and Hotstar, the world&rsquo;s largest online tv network Netfl

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Myntra Undergoes Restructure Exercise: Jabong CBO Resigns, 400 Employees Get Demoted

As part of a massive restructuring exercise, 400 employees of Myntra&rsquo;s fashion subsidiary Jabong, have been reportedly demoted by at least one level including Kalyan Kumar, the Chief Buy

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Flipkart Valuation May Catapult To $20 Bn If Walmart Decides To Invest

US-headquartered retail giant Walmart is looking to acquire a big stake in homegrown ecommerce unicorn Flipkart. If the deal goes through, it would catapult Flipkart&rsquo;s valuation to $20 B

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EBay Writes Off $61 Mn On Its Investment In Ecommerce Startup Snapdeal

US-headquartered multinational ecommerce corporation eBay has written off close to $61 Mn on its investment in beleaguered online marketplace Snapdeal. In addition to being one of Snapdeal&rsq

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How India’s First Superbike Maker Emflux Motors Is Preparing To Manufacture 10 Mn Electric Two Wheelers By 2027

Elon Musk once said that we need to match the convenience of gasoline car in order for people to buy an electric car. However, when the world&rsquo;s biggest two-wheeler market India enters th

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Amazon Is An Increasingly Popular Choice Over Flipkart: Jana

Global ecommerce giant Amazon is an increasingly popular choice over homegrown Flipkart as a preferred shopping destination in India. &nbsp; Amazon India accounte

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Ola To Shut Down Bus Service 'Shuttle' To Rebalance Its Mobility Portfolio

Ride-hailing major Ola is looking to rebalance its mobility portfolio. Reportedly, the company will terminate its bus service, Shuttle on many routes including the Delhi-National Capital Regio

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Income Tax Dept. Stays Recovery Proceedings Of Angel Tax; Gives Startups A Breath Of Fresh Air

As an added relief for startups, the Income Tax department has stayed the recovery proceedings of angel tax levied on companies that are recognised as startups by the Department of Policy and

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Digital Transactions In India Reached A New Peak Of $2 Tn Last Month: RBI

As a result of the government&rsquo;s unrelenting &lsquo;Digital India&rsquo; push, digital transactions in the country reached a record high of 1.11 Bn in January 2018, up by 4.73% from the 1

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EnterpriseTech, HealthTech, FinTech Emerged As Top Sectors In 2017: India Tech Startup Funding Report

The Indian tech startups raised $13.5 Bn in funding across 885 deals in 2017. The sectorwise breakdown of deals reveals that the enterprisetech, healthtech and fintech had witnessed the maximu

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Energy Storage Startup ION Energy Acquires France Based Freemens SAS

Mumbai-based energy storage startup ION Energy has acquired French battery management company Freemens SAS, as part of a cash-and-equity deal. Post the acquisition, the entire Freemens enginee

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Online Lending Startup Cash Suvidha Raises $2.5 Mn In Debt Funding

Delhi-based online lending platform Cash Suvidha has raised $2.5 Mn in debt financing through financial institutions and private placement. &nbsp; The fintech sta

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Flipkart Shareholder Structure: Tiger Global’s Stake Drops From 33.6% To 20.5%

In the Indian startup ecosystem, homegrown ecommerce unicorn Flipkart led the funding race in 2017, having secured over $4 Bn across two rounds from a clutch of domestic and foreign investors,

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Ola Signs MoU With Government Of Assam To Pilot River Taxis

India&rsquo;s ride-hailing major, Ola has signed a MoU (Memorandum of Understanding) with Government of Assam for a pilot project of river taxi services in Guwahati. &nbsp;</div

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Self-Publishing Platform Pratilipi Garners $4.3 Mn Series A Funding Led By Omidyar Network

Self-publishing platform Pratilipi, run by Nasadiya Technologies, has raised $4.3 Mn in its Series A round of funding led by Omidyar Network. The round also saw the participation of existing i

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Coworking Chain Creator’s Gurukul Raises Undisclosed Amount Of Funding

Coworking space provider Creator&rsquo;s Gurukul has raised an undisclosed amount in a fresh round of funding. The company is also going live with its flagship centre near Cyber City in Millen

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Flipkart Losses Soar By 68% Despite 29% Growth In Revenue For FY17

Amid heavy losses and ongoing litigation with the taxation department, Flipkart Group has reported a rise in its revenues by nearly a third on YoY basis for the FY 2016-17. &nbs

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Cryptocurrency This Week: Indian Govt. May Regulate Bitcoin This Fiscal Year-End And More

After having a monumental rise to $20K, Bitcoin&rsquo;s honeymoon seems to be over. The dark knight is back to $9K. While some analysts term it further signs of &lsquo;Bitcoin bubble&rsquo; ge

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Budget 2018 Outlay On Infrastructure, Education, And Health - Opportunities In The Indian Tech Economy

The Union Budget 2018 is the last full budget by the NDA government. In their first couple of years, this government opened up the economy on the backs of some important policies and going aft

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'Norway looking for business collaboration with Gujarat'

Norway is hopeful of collaborating with Gujarat firms in various areas including waste management and higher education, its envoy said here today. &quot;An industry delegation f

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Budget 2018: Govt. To Launch An Aadhaar Like Unique Identity For Enterprises Too

During his Union Budget 2018 speech, Finance Minister Arun Jaitley reignited discussions on the government&rsquo;s biometric identification system, Aadhaar. &nbsp;

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Used Vehicle Company Mahindra First Choice Wheels Raises $15 Mn From Existing Investors

Used vehicle automotive services provider Mahindra First Choice Wheels Ltd (MFCWL) has raised $15 Mn (INR 100 Cr) in fresh funding from existing investors. The investment, which was in the for

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Flipkart’s Make In India Brand Billion Launches Power Banks

Flipkart, after enticing the Indian consumers with its smartphone Billion Capture+, has come out with another product in the Billion series &ndash; Power Bank. &nbsp; <di

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Foodtech Unicorn Zomato Rakes In $200 Mn From Alibaba’s Ant Financial

Indian foodtech unicorn Zomato has raised $200 Mn in a funding round led by Alibaba Group. &nbsp; The latest funding round has been led through Ant Small and Micr

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BigBasket Raises $300 Mn In Funding From Alibaba, Existing Investors

Bengaluru-based hyperlocal grocery delivery company BigBasket has raised a massive $300 Mn Series E funding in a round led by Chinese conglomerate Alibaba along with the participation of Abraa

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Infosys Co-Founder Shibulal Launches Startup Incubator EduMentum

Infosys co-founder SD Shibulal has launched a startup incubator EduMentum. The incubator will work for early-stage startups in offline education transformation space. &nbsp;</di

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Telecom Giant Reliance Jio Terms JioCoin Apps Fake

Amid more and more new crypto apps that offer JioCoin becoming available on Google Play, telecom operator Reliance Jio has clarified that the company has not launched any official JioCoin App.

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Electric Vehicles This Week: Mahindra To Dabble In Electric Cabs; Tesla Says No Production Issues With Model 3

While the Union Budget took the centre stage this week, electric vehicles managed to get ample media attention, thanks largely to the upcoming Auto Expo 2018. To be held between February 9 and

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Budget 2018: Indian Govt. To Take All Measures To Eliminate Cryptocurrency In Illegitimate Activities

In line with the previous moves, Finance Minister Arun Jaitley, while presenting the Union Budget 2018 today said that while the Indian government favours blockchain, it, however, will do ever

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Union Budget 2018 Live Updates And Its Impact On Indian Startups By Inc42

This year is the last full Union Budget for NDA government before the elections of 2019. For Indian startups, what really matters are the direct and indirect taxations proposed by the governme

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Edtech Company INurture Raises $4.3 Mn In Series C Funding

Bengaluru-based edtech company iNurture has raised $4.3 Mn in its Series C funding round. The round was led by Ventureast along with existing investors Bertelsmann India Investments and Ascent

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Yatra Reports 40.8% Revenue Growth In Q3 2017; Despite Surge In Adjusted EBITDA Losses

Gurugram-headquartered online travel portal Yatra has announced its unaudited financial results for the three months ending on December 31, 2017. As per its SEC filings, the company registered

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BrowserStack Sheds Its Bootstrapped Status, Rakes In $50 Mn Series A From Accel Partners

Web testing platform BrowserStack is finally moving on from being bootstrapped to landing a $50 Mn Series A funding from Accel Partners for a minority equity position. Mumbai-based BrowserStac

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End Of Angel Tax, Lower GST On Digital Services: IAMAI Shares Budget Expectations

Ahead of the Union Budget 2018, the Internet and Mobile Association of India (IAMAI) has highlighted some of the key tax-related challenges that the country&rsquo;s digital sector expects to b

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Union Budget 2018 Must Compensate The Adverse Effects Of GST, DeMo And RERA, Expect Real Estate Startups

In the past few years, the Indian real estate startups have grown significantly &ndash; from once being an online gateway and real estate marketplace to offering co-working space and offering

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Fintech Startup The Mobile Wallet Acquires Trupay

Fintech startup The Mobile Wallet (TMW) has acquired Trupay at an undisclosed price. The acquisition will help The Mobile Wallet to strengthen its merchant acquisition business by allowing its

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Zoho Launches Website Optimisation App Zoho PageSense, Cloud Integration Platform Zoho Flow

In order to tap the website optimisation market, Zoho today launched Zoho PageSense, a website optimisation software that helps marketers improve conversion rates by visualising, testing, and

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Logistics Startup XpressBees Finally Rakes In $35 Mn From Alibaba

After months of speculations, Alibaba has finally invested $35 Mn (INR 224 Cr) in Pune-based logistics company XpressBees, as per the latest regulatory documents filed with the Registrar of Co

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Indian Cab-Hailing Major Ola Will Now Challenge Uber In Australia

India&rsquo;s cab-hailing service, Ola, as part of its foray into the international markets, will soon be exploring Australia as its first destination outside India. &nbsp;</div

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Growing At 19%, Indian Ecommerce Market Hits $33 Bn: Economic Survey 2018

India&rsquo;s ecommerce market has reached $33 Bn registering a 19.1% growth in 2016-2017, says the recently-published Indian government&rsquo;s Economic Survey 2018. &nbsp;</di

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Healthcare Startup EKincare Raises $1.5 Mn Funding From Ventureast, Others

Hyderabad-based healthcare startup eKincare has secured $1.5 Mn in Series A funding from a clutch of investors, including Ventureast, Endiya Partners, Eight Roads, Touchstone Equities and form

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From Policy Hurdles To Affordable Healthcare For All: HealthTech Startups Share Their Expectations From Budget 2018

For a country like India, it becomes more imperative to take this advice into consideration. Amid a population of over 1.3 Bn, the 1: 1,700 doctor to patient ratio in the country is extremely

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Paytm Turns Decacorn Post $47.2 Mn Secondary Share Sale

Vijay Shekhar Sharma led Indian digital payment unicorn, Paytm has finally touched $10 Bn valuation with the recent secondary shares sale of ESOPs worth $47.2 Mn (INR 300 Cr). &

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Reliance Jio To Foray Into IoT, Initiate Talks With Enterprises

Reliance Jio is now planning to explore Internet of Things (IoT) with its major focus on enterprises and industries. The company has also initiated talks with car manufacturers, consumer durab

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Ecommerce Behemoth Amazon Fuels $306 Mn In Indian Arm

To outrun homegrown rival Flipkart, ecommerce giant Amazon has infused $306 Mn (INR 1,950 Cr) funding in its Indian arm, Amazon Seller Services. As per the company&rsquo;s regulatory filings,

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SoftBank In Talks To Acquire Stake In Insurance Startup PolicyBazaar At $800 Mn Valuation

SoftBank is in talks to invest in Indian online insurance aggregator PolicyBazaar at a valuation of $800 Mn. A Bloomberg report quoted people familiar with the matter saying that SoftBank is e

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Electric Vehicles This Week: Ola To Build Electric Auto Rickshaw Fleet; Panel Proposes Use Of ISRO’s Li-Ion Battery For EVs

Reiterating Ghosn&rsquo;s epigrammatic statement, a government panel led by Cabinet Secretary P. K. Sinha has suggested the commercial use of ISRO&rsquo;s lithium-ion battery technology for el

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Amazon India Claims 2X Orders Over Flipkart During Republic Day Sale, Flipkart Declines

Amazon India has claimed the top spot during the republic day sale battle, stepping ahead of the Indian ecommerce unicorn Flipkart. &nbsp; Amazon India held its G

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ICICI Lombard Looks To Tap OPD Health Insurance Industry With Practo

ICICI Lombard General Insurance has launched a health insurance app &mdash; &lsquo;IL TakeCare&rsquo; in collaboration with healthtech startup Practo. The app aims to meet the key customer req

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Once An Entrepreneur, Always An Entrepreneur: Kunal Shah To Kickstart His Startup Journey Again!

&ldquo;Either you run the day, or the day runs you.&rdquo; Freecharge founder Kunal Shah, after having turned to becoming an investor, investing in a number of startups, then becoming an advis

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Times Internet Acquires South Korea Based MX Player For $200 Mn, To Launch OTT Video Service

Times Internet has acquired a majority stake in Gangnam (Seoul) based MX Player for about $200 Mn, as per The Ken (Paywall). As per the report, the deal was in all cash and was&nbsp; reportedl

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Facebook Intensifies Facebook Marketplace: No Deadline For Pan-India Launch

Ever since Facebook launched its Facebook marketplace pilot in the Indian market in November last year, the company has intensified the testing in other Asian markets Singapore and Thailand to

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WhatsApp Business App Enters India, Available On Android

Messaging app WhatsApp has finally rolled out its new WhatsApp Business app in India. The app is currently available for Android platform. &nbsp; Last week, the W

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Facebook Joins T-Hub To Promote Innovation In AR/VR

In collaboration with Facebook, Hyderabad based T-Hub has kick started &lsquo;India Innovation Hub Accelerator Program&rsquo; to discover the best amongst startups working in the field on AR/V

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Grand Prize Of The $30M Google Lunar XPRIZE To Go Unclaimed

The XPRIZE authorities, who hosted the Google Lunar XPRIZE competition for global startups, with an aim to set foot on the moon, have decided to call it off without any winner.

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Microsoft Brings The Era Of Immersive Gaming, Launches Xbox One X In India

One of the world&rsquo;s leading platform and productivity, company for the mobile-first and cloud-first world, Microsoft launched the Xbox One X in India. The product is said to be the world&

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RoC Forbids Cryptocurrency Exchanges From Registering Under Companies Act, 2013

While South Korea has asked Bitcoin traders to reveal their identity, India has gone all out to shut all doors pertaining to cryptocurrency trading in the country. &nbsp;

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Milkbasket Receives $3 Mn In Pre-Series A Funding From Unilever Ventures

Gurugram-based online grocery startup, Milkbasket, has received $3 Mn funding in Pre-Series A round from Unilever Ventures. &nbsp; The startup plans to use this f

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Just Dial Reports A 23.7% Q-O-Q Decline In Net Profit For Q317, Up 4.2% Y-O-Y

The hyperlocal search engine Just Dial has reported a 4.2% YoY increase in net profit for its third fiscal quarter ended December 31, 2017. However, the net profit has dropped by 23.7% in Q317

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Paytm Valuation To Touch $10 Bn After Secondary Share Sale

Paytm is likely to be valued at about $10 Bn after some existing and former employees sell a part of their shares to new investors. As per three people familiar with the matter, the secondary

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Exclusive: AI Based HRTech Startup Skillate Raises Funding

AI-based HRTech startup Skillate has raised an undisclosed amount of funding from Incubate Fund India, and Industry expert and Director of Zyoin, Anuj Agrawal, says co-founder Anand Baranwal.<

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VC Firm Nexus Venture Partners To Raise Fifth Fund Of Upto $400 Mn

Homegrown VC firm, Nexus Venture Partners, is expected to raise its fifth fund targeting a corpus of $350Mn-$400 Mn. An ET reported cited three people close to the development, who said that t

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Ride Hailing Firm Uber Says It’s 100% Committed To India

Stating that its 100% committed to India, ride-hailing firm Uber has dismissed report of its exit from the Indian market as &ldquo;baseless speculation&rdquo;. An Uber spokesperson told ET, &l

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Paytm Launches Paytm For Business App For SMEs To Accept Digital Payments

In a move to make merchants take readily to digital payments, Paytm has launched the Paytm for Business app on Android Play Store today. The app enables new merchants to sign up quickly and ge

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Income Tax Department Asks Ecommerce Giant Flipkart To Reclassify Discounts As Capital Expenditure

Ecommerce player Flipkart has lost an appeal against the Income Tax (IT) department over the reclassification of marketing expenditure and discounts as capital expenditure, which involves subs

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Cryptocurrency This Week: Tumbling Bitcoin, New Crypto Fund And More

As Bitcoin price has plunged to $11.5K, critics have started writing this as the end of the road for Bitcoin. The analysis also depends upon how do we look back. If we are analysing Bitcoin pr

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TRAI Gives Nod For Mobile Calls And Internet Surfing On Flights

The Telecom Regulatory Authority of India (TRAI) has released its recommendations for In-Flight Connectivity (IFC) on January 18, 2018. The recommendation has come after the Department of Tele

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WhatsApp Business App Rolled Out In Select Markets On Android, India To Follow Soon

Messaging app WhatsApp has officially launched its new WhatsApp Business app in select markets, including Indonesia, Italy, Mexico, the UK and the US. The free-to-download Android app for smal

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Quikr Reported 55% Increase In Turnover To $10 Mn In FY17

Online classifieds platform Quikr reported a 55% increase in turnover to $10 Mn (INR 63.8 Cr) in FY17. As per its filings with the Registrar of Companies, the Tiger Global-backed company had c

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Electric Vehicles This Week: Ford To Invest $11 Bn In EVs; EESL Invites Bids For 2000 EV Chargers

There has been a lot of buzz surrounding electric vehicles over the last week. As more and more companies enter the global EV market, competition is understandably becoming fiercer. To beat ri

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WhatsApp Might Launch Its Digital Payments Feature As Early As Next Month

WhatsApp could launch its much-awaited payments feature as early as next month as per people close to the development. An ET report stated that the messaging app is at various stages of integr

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Paytm Payments Bank Launches Physical Debit Card Delivery Via App

The account holders in Paytm Payments Bank can now order physical debit cards from the Paytm app. Earlier, the bank provided only digital debit cards which are issued to customers upon opening

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India Overtakes The US To Claim Second Spot In App Downloads In 2017: App Annie Report

As per the App Annie 2017 Retrospective Report, India overtook the US to take the second spot in terms of the number of app downloads in 2017. China took the first spot, with four of the top f

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Going Beyond Tier 1: The Story Behind Venture Catalysts And Its Focus On Startup Ecosystem In Tier 2, Tier 3 Cities

When Mumbai-based Venture Catalysts launched itself as India&rsquo;s first seed investment and innovation platform in December 2015, the idea was to improve the &lsquo;Innovation Quotient&rsqu

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Grab Acquires Bengaluru Based Payments Startup IKaaz

Grab, the on-demand transportation and mobile payments platform in Southeast Asia has acquired Bengaluru-based startup iKaaz. With this, Grab is aiming to capture the rich functionality of iKa

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How Adoption Of Blockchain Technology Will Disrupt Agriculture

The rise of cryptocurrencies like Bitcoin and Ethereum has taken the financial industry by storm. However, irrespective of what the future holds for bitcoin and its peers. The underlying techn

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Alibaba To Launch OTT Video Service In India In Three Months

Chinese ecommerce giant Alibaba has announced plans to launch an over-the-top (OTT) video service in India over the next three months. As per a report by The Ken, the service will be introduce

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PhonePe Follows Paytm; Adds RedBus And More As In-App Features

Following in the footsteps of Paytm, Flipkart&rsquo;s digital payments arm PhonePe has added more apps on its platform as part of its in-app offerings. While the company had already added Safe

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Bajaj Finance To Get Higher Stake In Digital Payments Company MobiKwik Due To Change In Valuation

Bajaj Finance will now hold 12.60% in digital payments company MobiKwik, up from the 10.83% it acquired in August last year for about $35.2 Mn (INR 225 Cr). As per a stock-exchange filing, due

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Xiaomi became a $100 billion phone brand without wooing the West

Chinese phone giant Xiaomi is believed to be preparing for its IPO. This will be the first time the company has sold its shares to the public &mdash; retail and institutional investors alike.

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AngelList Brings Its Syndicates Platform To India

Silicon Valley-headquartered AngelList has announced the launch of its Syndicates platform in India. The Syndicates platform allows investors to invest in promising tech startups alongside exp

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Micromax To Launch India’s First Android Oreo Go Powered Smartphone

Gurugram-headquartered consumer electronics company Micromax is set to launch the country&rsquo;s first Android Oreo Go-based smartphone by the end of January. Dubbed as Bharat Go, the smartph

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Amazon Prime Inks Content Deal With Zee Music Company For Amazon Prime Music

Ecommerce major Amazon has inked a content deal with Zee Music Company for its upcoming music streaming service, Amazon Prime Music. The deal will add over 450 film soundtracks in Hindi and re

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Alibaba Brings Its Enterprise Chat App DingTalk To India

Taking the battle with Tencent funded chat app WeChat further, Alibaba-owned messaging platform DingTalk has now launched an English version of the app for India and Malaysia. Like team collab

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Paypal India Director Narsi Subramanian On How The Digital Payments Giant Is Enabling The GIG Economy In India

Narsi Subramanian, Director Growth, PayPal India is quite bullish about the growth of freelancers and digital payments in India as indicated during the release of global digital giant&rsquo;s

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Logistics Startup Rivigo Raises $50 Mn Funding From SAIF Partners, Warburg Pincus

Gurugram based logistics startup Rivigo might have broken into the Unicorn club with its latest $50 Mn Series D funding round, led by two of its existing investors Warburg Pincus and SAIF Part

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Morgan Stanley Marks Up Valuation Of Foodtech Unicorn Zomato To $2.5 Bn

The research firm of Morgan Stanley has marked up the valuation of homegrown foodtech unicorn Zomato to $2.5 Bn. As per reports, the estimation of Zomato&rsquo;s valuation was done by the glob

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Chinese Bike Rental Service Ofo To Launch In India In Tie-Up With Paytm

Beijing-based bike rental service Ofo will launch its services in India in a tie-up with Paytm. Reportedly, the Ofo bicycle sharing app will be available on Paytm app along with its standalone

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AI Focussed VC Fund Pi Ventures Announces Second Close Of Maiden Fund At $25 Mn

AI, Machine Learning and IoT focused early stage VC fund pi Ventures has announced the second close of its $30 Mn fund at $25 Mn. Key contributors to the fund include Sunil Kant Munjal, Chairm

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Flipkart Unveils Its Private Label MarQ ACs And Smart TVs At CES 2018

Ecommerce major Flipkart has launched an exclusive line of air conditioners and smart televisions under its private label MarQ, at the Consumer Electronic Show (CES) 2018 in Las Vegas. The Mar

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Cab Aggregator Ola Acquired 100% Stake In Foodpanda India For $31.7 Mn

Homegrown cab aggregator Ola acquired Foodpanda India from Germany-based Delivery Hero Group for $31.7 Mn (INR 202 Cr). As per its filings with the Ministry of Corporate Affairs, Ola parent AN

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Paytm Parent One97 Cuts Losses By 40% In FY2017 On Account Of Restructuring

One97 Communication, the parent company of Paytm has managed to reduce its losses by over 40% after the restructuring exercise wherein it separated its online retail from its payments business

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Fashion Startup Voonik Claims To Have Achieved EBITDA Profitability

Bengaluru-based fashion retailer Voonik apparently won&rsquo;t be burning any more cash. Last week, in a social media post, founder and CEO, Sujayath Ali declared that the firm has achieved EB

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Cryptocurrency This Week: As Reliance Jio Plans To Launch JioCoin, KFC Announces Bitcoin Bucket

As we have stepped into 2018, despite a dream run in 2017, everyone appears to be sceptical about the future of Bitcoin and other cryptocurrencies in 2018. From the dark web of the cryptocurre

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Healthtech Startup HealthAssure To Invest $15 Mn Over The Next Three Years

HealthAssure, a seven-year old heathtech startup providing access to primary care to insurers and corporates across 1,000 cities, has announced plans to invest $15 Mn over the next three years

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Embassy Group Fuels $15.6 Mn In Coworking Space WeWork India

Real estate giant Embassy Group has fueled another $15.6 Mn in its coworking space JV WeWork India. 10 Mn compulsorily convertible Series B debentures with a face value of $1.6 (INR 100) each,

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Warren Buffett Predicts A Bad Ending For Cryptocurrencies And Bitcoins

&ldquo;I get into enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don&rsquo;t know anything about,&rdquo; told

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Cab Aggregator Ola Looks To Set Up Operations In Australia And New Zealand

Home-bred cab aggregator Ola is reportedly looking to set up operations in Australia and New Zealand. The move is aimed at accelerating growth, while also furthering investor Didi Chuxing&rsqu

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Electric Vehicles This Week: Tata Power Unveils Two EV Charging Stations In Mumbai

The Indian electric vehicles market has much to rejoice this week. On the one hand, the first batch of the government&rsquo;s EV tender is scheduled to be delivered in Delhi next week. On the

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Fintech Startup NiYO Solutions Picks Up $13.2 Mn Series A Funding

Bengaluru-based fintech startup NiYO Solutions has secured $13.2 Mn (INR 85 Cr) in Series A funding from Social Capital, JS Capital LLC, Horizons Ventures and existing investor Prime Venture P

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Google Lunar Xprize: ISRO Calls Off Contract With TeamIndus

India&rsquo;s first aerospace startup, and one of the five contenders of Google Lunar Xprize Competition, TeamIndus seems to have hit a major roadblock. As per reports, the startup&rsquo;s con

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Paytm Sets Up Its Wealth Management Division Paytm Money

Vijay Shekhar Sharma led fintech startup Paytm has set up its financial products arm Paytm Money Ltd. Paytm Money will focus on building investment and wealth management products for its users

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InMobi Acquires Los Angeles Based Adtech Startup AerServ For $90 Mn

Indian mobile adtech company InMobi has acquired Los Angeles-based mobile mediation and revenue management platform AerServ for $90 Mn in a cash-and-stock deal. The acquisition aims to create

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The Story Of Indian Robot Mitra From Inception To The GOI Finland Showcase Slush’17

The maker of Indian robot Mitra and CEO of Bengaluru-based Invento Robotics, Balaji Viswanathan stated these words when he recently joined GOInternational Finland, a Nordic international accel

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SME Lending Startup Lendingkart Raises $4.7 Mn Debt Funding From Dutch Bank

Ahmedabad-based SME lending startup Lendingkart has raised $4.7 Mn (INR 30 Cr) in its first-ever foreign debt funding round from a Dutch development bank &ndash; Nederlandse Financierings-Maat

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Mobile Gaming Studio Nazara Technologies Acquires NextWave

Mumbai-based mobile gaming studio Nazara Technologies has acquired a majority stake in NextWave Multimedia. With the acquisition of NextWave, Nazara strengthens its portfolio of offerings in t

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Digital Payments App PhonePe Gets Out Of Flipkart Shadow; To Offer Independent Fintech Solutions

Following in the footsteps of its sister entity Ekart, Flipkart-owned digital payments arm PhonePe is now geared up to develop independent fintech solutions, particularly insurance and mutual

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15 Startups Battle It Out At The Live Pitching Round Of TECH Rocketship Awards

The UK government&rsquo;s Department for International Trade (DIT), India and the British Deputy High Commission, Bengaluru hosted the 2017-18 TECH Rocketship Awards&rsquo; live pitching round

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NITI Aayog To Frame Policy On Electric Vehicles: Cabinet

Government-appointed think tank NITI Aayog will be responsible for framing the policy on electric vehicles. During a Cabinet Secretary Pradeep Kumar Sinha-chaired meeting yesterday, it was als

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In War With Ola: Uber In The Process Of Relaunching Auto Service In India

Amidst its struggle to find the missing piece for success in the Indian ecosystem against homegrown rival Ola, Uber is currently in the process of relaunching its auto service, UberAuto. As pe

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Paytm Payments Bank Partners With IndusInd Bank To Offer Fixed Deposit

After committing to invest&nbsp; $466.5 Mn (INR 3000 Cr) in the next three years to create a network of 10K offline consumer banking touchpoints, Paytm Payments Bank has now partnered with Ind

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30 Questions Every Venture Capitalist Will Ask A Startup Founder

Venture capitalists invest in a startup that effectively demonstrates how it is &ldquo;all in&rdquo; for persevering to develop business &ndash; whatever it takes. Over the last four years, we

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Startup Watchlist: 9 Fintech Startups To Watch Out For In 2018

This article is part of Inc42&rsquo;s Startup Watchlist annual series where we list the top startups to watch for 2018 from industries like Blockchain, Logistics, Fintech etc. Explore all the

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Delhi Based IT Company Newgen Software To Launch $71 Mn IPO Soon

New Delhi-headquartered Newgen Software Technologies is reportedly gearing up to launch an initial public offering (IPO) later this month. Through the move, the IT company is aiming to raise a

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Cryptocurrency This Week: As Indian Government Awaits For Expert Advice, Bitcoin Is Back On Track

After Japan and PayPal&rsquo;s co-founder Peter Thiel&rsquo;s Founders Fund threw their weight behind Bitcoin, buying Bitcoins worth $15 Mn-20 Mn, the cryptocurrency is back on track. The cryp

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Aadhaar System Vulnerable To Data Breaches: Edward Snowden

Amidst the ongoing debate on Aadhaar, Edward Snowden is the latest to voice concerns about the underlying vulnerability of the Aadhaar database. The development comes just two days after repor

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Ecommerce Marketplace Amazon To Sell Locally Made Food In India Soon

Having received the government&rsquo;s approval to invest $500 Mn in its food retail business, Amazon is reportedly gearing up to sell locally made and packaged food from March onwards, this y

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Facebook To Explore Cryptocurrency: Mark Zuckerberg

What&rsquo;s in a Bitcoin? Now, social media baron Mark Zuckerberg wants to explore the power the cryptocurrency, as a technology and also as an important means to empower decentralisation. Th

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Ebix Acquires Remittance Business Of Transcorp International For $7.4 Mn

ItzCash parent Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) business of Transcorp International. As per the official statement, the acquisition has be

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PayU To Surrender PayUMoney Wallet License; Will Focus On CitrusPay

Online payment service provider PayU India has announced that it will surrender the license of its digital wallet PayUMoney. The services of the PayUMoney wallet will be closed by January 31,

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Paisabazaar To Get $31.58 Mn Funding From Parent Firm EtechAces

Paisabazaar, the online financial services arm of digital insurance aggregator PolicyBazaar, has received a funding commitment of $31.58 Mn (INR 200 Cr) from its parent firm&nbsp; EtechAces Ma

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Uber Founder And Former CEO Travis Kalanick May Reportedly Sell 29% Stake For $1.4 Bn

Uber co-founder and former CEO Travis Kalanick is reportedly planning to sell a third of his shares in the ride-services company for about $1.4 Bn, as per a person familiar with the matter. Bl

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Aadhaar Data Of A Billion People Is On Sale At $8

While arguing for the central government&rsquo;s stand on Aadhaar case at the Supreme Court, the Attorney General (Now, Former) Mukul Rohatgi had once stated, &ldquo;The arguments on so-called

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Cryptocurrency: Bitcoin Exchanges To Approach AAR Over GST

Clueless about under which GST slab Bitcoin falls, cryptocurrency exchanges in India are now approaching the Advance Authority of Ruling seeking clarification over the applicability of tax rat

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Startup Watchlist: 11 Indian Healthtech Startups To Watch Out For In 2018

In May 2016, a Forbes article written by VC Dave Chase stated 98% digital health startups (globally) to be walking dead and synonymous with Zombies. He feared that these startups are unable to

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Electric Vehicles This Week: Karnataka Govt. To Procure 640 EVs Under FAME India

A new year, a new dawn. The year 2018 is poised to usher in unprecedented technological disruption and innovation across all sectors. In the mobility industry, electric vehicles are currently

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NITI Aayog To Explore Blockchain, AI For Key Sectors Like Education, Health

NITI Aayog, the government&rsquo;s premier policy-making body, is exploring the use of blockchain and AI technologies in areas such as education, health, and agriculture. Having completed thre

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Swiggy In Talks With Naspers And Tencent To Raise $200 Mn Funding

After Flipkart and SoftBank, Bengaluru-headquartered foodtech startup Swiggy has reportedly initiated discussions with Chinese investment conglomerate Tencent and existing investor Naspers for

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Flipkart Invests $257 Mn In Logistics Arm Ekart

Ecommerce Major Flipkart has invested around $257 Mn in its logistics subsidiary Ekart, operated by Instakart Services Pvt. Ltd. during the period between October and November 2017, as shown i

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Flipkart Founders Sachin Bansal And Binny Bansal Set Up New Venture Sabin Advisors

In a rather silent move, as more stakeholders have joined Flipkart&rsquo;s boardroom, Flipkart founders Sachin Bansal and Binny Bansal have incorporated a new company named Sabin Advisors on D

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UK Based Food Delivery Giant Deliveroo To Set Up India Operations

UK-headquartered online food delivery giant Deliveroo is gearing up to set up operations in the Indian market. Valued at $2 Bn, the Fidelity and T. Rowe Price-backed startup is reportedly look

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MedPlus Raises $117.67 Mn Debt Fund To Buyback 69% Stake From PE Investors

The promoter of Hyderabad-based pharmacy retail chain MedPlus has raised $117.67 Mn (INR 750 Cr) in a debt fund from Goldman Sachs to buyback shares from existing private equity investors.</di

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Digital Transactions Jumped To 1.06 Bn In December: RBI

2017 ended on a high note for the Indian digital payments industry, with digital transactions reaching a new peak of 1.06 Bn in December. As per data released by the RBI, this translates to a

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Govt. To Expand Digital Locker Project To Agriculture Ministry And More

On its mission to Make India digital by 2020, the Indian govt. is pushing its digital locker project hard around two years after its beta launch. As per reports, the service post its official

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2017 In Review: The 8 Hottest Sectors In The Indian Startup Ecosystem

Driving innovation in India is an army of tech-enabled startups that are working to revolutionise various sectors like healthcare, education, financial services, travel and tourism and logisti

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Revenue Requires Investment, Profit Requires Creativity

The purpose of a business is to generate over its lifetime a higher return for its shareholders than what they would have gotten by investing in risk-free options (such as government bonds). T

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Endowment Effect In Business: A Key To Gain Loyal Customers, Higher Product Value And More

We value things we own much more than the things we don&rsquo;t own. It&rsquo;s called the endowment effect. This goes well with our intuition that other people don&rsquo;t value our things as

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Enforcement Agencies May Bring Bitcoin Exchanges Under Scrutiny

Bitcoin platforms and exchanges may soon come under the scanner of enforcement agencies after the Indian government likened them to &lsquo;Ponzi schemes&rsquo; recently. As per a LiveMint repo

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Alibaba To Invest $100 Mn In Logistics Startup XpressBees

After investing in two hottest verticals &ndash; payments (Paytm) and grocery (BigBasket), Alibaba is now moving towards the backbone of Indian commerce &ndash; the logistics in the year 2018.

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The 7 Key FinTech Trends To Watch Out For In 2018

EY&rsquo;s Fintech Adoption Index (2017), a survey of more than 22,000 digitally active consumers, ranks India second (52%) behind China (69%) in terms of percentage of the digitally active po

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Cryptocurrencies Including Bitcoin Are Like Ponzi Schemes: Indian Government

The Ministry of Finance, India has cautioned Bitcoin and other cryptocurrency traders against the risk involved in such &lsquo;Ponzi schemes&rsquo;, in a statement released today.

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RBI Considers Extending KYC Deadline Of Mobile Wallets

In the second week of October, the RBI introduced stricter norms for PPIs, as per which users of mobile wallets had until the end of this year to convert to the full KYC format. In a new devel

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Facebook To Invest In Indian Startup Ecosystem In 2018

Social media giant Facebook said it will create opportunities and invest in the Indian startup ecosystem in 2018 in line with the government&rsquo;s Startup India campaign. &nbs

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How Blockchain Technology Is Changing The World Of Digital Finance

Everyone knows somebody who refuses to transact in anything but cash. They don&rsquo;t understand transacting without a physical medium; they enjoy the feeling of control and security that cas

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HDFC Bank Partners With Rajasthan Govt. To Promote Startup Culture In The State

HDFC Bank has announced a partnership with Rajasthan Government to promote and nurture startups in the state. Under this partnership, HDFC Bank will team up with the state government to provid

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For Paytm Boss, Vijay Shekhar Sharma, Sachin Bansal Is The Reason India Has A Vibrant Startup Ecosystem

If there is one word that describes Paytm boss Vijay Shekhar Sharma, it is &ldquo;hustler&rdquo;. A self-taught programmer, a child prodigy who had graduated as an engineer by the time he was

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Electric Vehicles This Week: Honda To Set Up EV Battery Plant In India And More

As 2017 draws to an end, the buzz around electric vehicles has reached fever pitch globally. While Honda has announced a partnership with Nissan to develop solid-state battery technology, Tesl

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Facebook Wants Indian Users To Open New Accounts By Using Their Names As On Aadhaar Cards

While the Supreme Court of India has extended Aadhaar linking to all services to March 31, 2018, it has found yet another interesting use case. Social network giant Facebook now wants users to

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Ecommerce Firms Flipkart And Amazon Deny Allegations Concerning Fake Products

Two days after US-based athletic footwear brand Skechers filed cases with the Delhi High Court against Flipkart and four other sellers for selling fake products, the country&rsquo;s leading on

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Startup Watchlist: 10 Indian AI Startups To Watch Out In 2018

&ldquo;AI will be the best or worst thing ever for humanity,&rdquo; says the billionaire entrepreneur Elon Musk. Musk has been one of the most vociferous about the impact of artificial intelli

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Startup Watchlist: 7 Indian Logistics Startups To Watch Out In 2018

This quote by Sun Tzu, the author of the book The Art of War, might be an old one, but its relevance is still intact. Ever since the middle ages, logistics has been a crucial part of winning o

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SME Lending Startup Lendingkart Raises $3.8 Mn Debt Funding From SBI

Ahmedabad-based SME lending startup Lendingkart Finance has raised $3.8 Mn (INR 25 Cr) in debt from the State Bank of India. The fundraise from SBI comes three months after the fintech platfor

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Virtual Reality Based Prop-Tech Startup Foyr Raises $3.8 Mn Series A Funding Led By JLL

Virtual reality-based prop-tech startup Foyr has raised $3.8 Mn in Series A funding led by property consultancy JLL and other individual and non-institutional investors. &nbsp;<

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Evolution Of Product Management From A Startup To An Organisation

During an organisation&rsquo;s initial years, the product team will essentially comprise of a few members faced with the difficulties typical of the startup phase, but as the organisation grow

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Digital Payments Giant Paytm Set To Launch Incubator For Startups

Homegrown digital payments unicorn Paytm has announced plans to launch an incubator for startups, with the aim of facilitating the development of innovative tech solutions in India. Through it

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After Abandoning Snapdeal, SoftBank Executive Lydia Jett Joins Flipkart Board

After stepping down from the Snapdeal board around two weeks ago, SoftBank&rsquo;s Lydia Jett has now joined the board of homegrown ecommerce unicorn Flipkart. Jett currently serves as a consu

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Amazon-Patni JV Seller Appario Retail Receives $15.69 Mn Capital Infusion

Appario Retail, the seller entity under the recently formed joint venture between Amazon and Patni Group, has received a capital infusion of $15.69 Mn (INR 100 Cr). &nbsp;

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Online Fashion Marketplace Myntra To Open Multi-Brand Offline Stores

In line with its O2O strategy (Online-To-Offline) Flipkart-owned online fashion marketplace Myntra is now considering to launch its own multi-brand offline stores where customers can see all t

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Footwear Brand Skechers Files Cases Against Flipkart And Its Four Sellers

The US-based athletic footwear brand Skechers has filed cases in the Delhi high court against ecommerce giant Flipkart and four other sellers for selling Skechers&rsquo; fake products. The fou

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Mobile Operating System Indus OS Raises $4 Mn From Existing Investors

Homegrown mobile operating system and native applications platform Indus OS has raised $4 Mn Pre Series B funding from existing investors Omidyar Network, Ventureast and JSW Ventures. With thi

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Amazon Prime Membership Program Now Applicable To 11 Mn Products In India

Amazon&rsquo;s popular membership programme, Amazon Prime has grown to encompass over 11 Mn Prime eligible products across categories in India this year, compared to the 2 Mn products it offer

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Electric Vehicles This Week: Toyota To Launch 10 EV Models; Droom To Enter EV Market

&ldquo;You have to match the convenience of the gasoline car in order for people to buy an electric car,&rdquo; opines Tesla founder and CEO Elon Musk, the &ldquo;Iron Man&rdquo; of the tech w

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Quikr India To Buy HDFC Developers, HDFC Realty From HDFC For $55 Mn

Online classifieds platform Quikr India has bought two subsidiaries of mortgage lender Housing Development Finance Corp. Ltd (HDFC) focusing on real estate brokerage and online property, namel

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Flipkart Bolsters Artificial Intelligence Push By Creating An Internal AIforIndia Unit

India&rsquo;s ecommerce behemoth Flipkart is taking big steps to make headway in the area of artificial intelligence by creating an internal unit called AIforIndia, in order to put machine lea

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IoT Startup KaHa Raises $4.5 Mn Funding To Fuel Global Expansion

Singapore-based consumer IoT startup KaHa has raised $4.5 Mn (INR 29 Cr) in a funding round led by Metals International, with the participation of Jungle Ventures, SPRING SEEDS Capital and exi

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Ratan Tata Backed Online Fashion Startup Kaaryah Pulls Down Shutters

Ratan Tata-backed online women&rsquo;s fashion portal Kaaryah has closed shop, after being operational for over three years. The Gurugram-based startup has pulled down the shutters due to lack

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Info Edge Pumps $1.9 Mn Series A Funding In Edtech Startup Univariety

Online classifieds platform Info Edge, which runs job portal Naukri.com, real estate site 99acres and Jeevansaathi, has invested $1.9 Mn (INR 12.5 Cr) in Univariety. With this, Info Edge has a

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Virtual Social Trading Platform TrakInvest Launches New Cryptocurrency, TRAK Tokens

Singapore-based virtual social trading and learning startup TrakInvest has moved to a blockchain platform. Based on Ethereum blockchain, the startup has launched its own utility-based cryptocu

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Alibaba Cloud All Set To Launch India Data Centre To Take On Google, Microsoft And AWS

Alibaba Cloud, the cloud computing arm of Chinese ecommerce giant Alibaba, is gearing up to open its India data centre in January 2018. As part of its announcement earlier today, the company h

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P2P Lending Startup Faircent Raises $3.9 Mn In Series B Funding

Gurugram-based P2P lending startup Faircent has closed $3.9 Mn in a Series B round of funding. Investors participating in this latest funding round include Incofin Investment Management and Fa

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Edtech Startup Springboard Raises $9.5 Mn In Series A Funding

San Francisco and Bengaluru-based online edtech startup Springboard has raised $9.5 Mn in Series A funding, led by Costanoa Ventures. Other investors who participated in the funding are Learn

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Automobile Marketplace Droom Makes Its Way Into Electric Vehicle Segment

Sandeep Aggarwal-led Automobile marketplace Droom has announced its entry into the electric vehicles segment. The company has reportedly tied up with players like Mahindra, Hero Electric, Okin

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Vijay Shekhar Sharma Pledges $50 Mn Worth Of Personal Shares For ESOP Pool In Paytm Mall

Founder and CEO of Paytm, Vijay Shekhar Sharma has pledged about 5% of his personal holding in Paytm Mall for the ESOP pool. This move would add about $50 Mn worth of stocks to the ESOP corpus

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Ola Acquires Foodpanda India From Delivery Hero To Re-Enter Food Delivery

Cab aggregator Ola is once again setting its foot into the food delivery space by acquiring Foodpanda India from Germany based Delivery Hero Group. Ola has also committed to invest $200 Mn in

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Skymet Raises Series C Funding From Germany-Based InsuResilience Investment Fund

Noida-based agritech startup Skymet Weather Services has raised an undisclosed amount in Series C round of funding from the German government&rsquo;s InsuResilience Investment Fund. As part of

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Times Internet Acquires Spiritual Content Startup House Of God

Gurugram-headquartered media and entertainment conglomerate Times Internet has acquired mobile spiritual content provider House of God for an undisclosed amount. Incubated at Delhi-based EROS

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German EV Startup Magnum Pirex To Invest $15.5 Mn To Bolster India Entry

German startup Magnum Pirex is eyeing to enter the Indian EV market, with plans to set up a manufacturing base in Andhra Pradesh at an investment of around $15.5 Mn (INR 100 Cr). As per source

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To Push Digital Payments, Government To Bear MDR Charges On Debit Card Purchases Upto INR 2000

In order to encourage small shops to accept digital payments, the government has decided to bear the charges merchants pay to banks aka the merchant discount rate (MDR), on purchases of up to

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Paytm To Invest $77 Mn To Facilitate QR Payments Among Offline Merchants

Digital payments giant Paytm has announced that its QR feature now allows offline merchants to accept unlimited payments directly to their bank accounts at 0% charge. To that end, the company

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British Automobile Firm MG Motors To Mentor 5 Indian Startups

British automobile company MG Motor has shortlisted five Indian startups through its innovation programme, MG Drives Innovation. The list includes CarIQ, Steradian Semi, Altigreen Propulsion L

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Here’s Why Angel Investor, Rajan Anandan, Shies Away From Single Founder Startups

Google&rsquo;s Vice-President for South East Asia and India, Rajan Anandan has a portfolio of over 80 startups. He is probably the most sought-after angel investor in the country yet Rajan bel

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Indian Startups Should Aim To Build Mega Unicorns: Jayant Sinha

Startups must not think about building unicorns and must, instead, aim to build companies that can attain a value of $100 Bn, said Jayant Sinha, Minister of State for Civil Aviation during the

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Cryptocurrency This Week: As India Surveys Bitcoin Exchanges, West Toughens Its Regulations

Once voiced by a cryptocurrency enthusiast, &ldquo;Bitcoin will do to banks what email did to the postal industry&rdquo; has now been raised by Israel&rsquo;s Prime Minister Benjamin Netanyahu

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Electric Vehicles This Week: Xiaomi Eyes Entry In Indian Electric Vehicle Market; Volvo To Only Sell EVs By 2019

This past week marked a major win for the global electric vehicles market. PepsiCo, a brand normally associated with beverages and snacks, recently became an exemplary champion of the EV cause

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Ola brings comprehensive insurance program for driver partners

Cab aggregator Ola on Friday said it has partnered with Bajaj Allianz to offer a comprehensive insurance programme for the driver partners on its platform, offering them a cover of up to Rs 5

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Sensex, Nifty surge on hopes of BJP victory in Gujarat, Himachal Pradesh

The markets soared higher on Friday as several exit polls showing clear victory for BJP in the recently concluded assembly election in Gujarat and Himachal Pradesh fired up sentiments on the D

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Online Home Interiors Startup HomeLane Raises $10 Mn In Funding

Bengaluru-based online home interiors HomeLane has raised $10 Mn funding from Accel Partners, Sequoia Capital and RB Investments. The startup will deploy the funds to fuel growth and technolog

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Ecommerce Giant Flipkart Clocks 19% Surge In Annual Turnover

Flipkart India, the wholesale arm of home-bred ecommerce unicorn Flipkart, has reported a turnover of $2.3 Bn (INR 15,264 Cr) for the year ending in March 2017. This marks a 19% jump in the co

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Multi-Cryptocurrency Exchange Koinex Raises Pre Series A Funding

After Zebpay, Unocoin and Coinsecure, Mumbai-based Koinex, a multi-cryptocurrency exchange and trading platform, has now closed Pre Series A round of funding led by Dirk van Quaquebeke, Managi

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DocsApp Raises $7.2 Mn Series A Funding From Bessemer, Others

Bengaluru-based online medical consultation platform DocsApp has raised $7.2 Mn in Series A funding from Bessemer Venture Partners and Japanese investment firms Techmatrix Corporation and DeNa

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Govt. Calls Out To Agritech Startups For The Agriculture Grand Challenge

The Ministry of Agriculture and Invest India have collaborated to organise a first of its kind event, The Agriculture Grand Challenge, which will be launched by officials on December 15, 2017

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After Paytm, PhonePe Partners With SafeGold To Sell Digital Gold

Flipkart-owned digital payments platform PhonePe has forged a partnership with SafeGold to launch a digital gold product. As per the official statement, users will now be able to buy and sell

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Startup Events To Attend This Week: BIGShift Kanpur, LetsIgnite Mumbai

The most interesting event for last week was Blockhack which is a platform to educate people about the benefits of blockchain and cryptocurrencies. The event hosted speakers such as&nbsp; Gaut

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Global Digital Payments Startup Stripe Kicks Off Private Beta In India

San Francisco-based payments startup Stripe is set to launch in India. Anand Balaji, former Amazon India executive who was brought in last year to lead operations and build a localised product

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Xiaomi Plans To Enter The Indian Electric Vehicles And Payments Space

Beijing-based smartphone brand Xiaomi is planning to expand into several booming Indian industries at once. Reportedly, the company is looking to expand into electric vehicles as well as payme

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Apple, India in deadlock on tax

Apple has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, peop

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Got assurance on resolution of tax notice issue: Nasscom

&nbsp;IT industry association Nasscom on Monday said it has got an assurance from the government that the service tax notices served to several IT companies has been &quot;corrected&quot; and

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Vahdam Teas Raises $1.4 Mn Funding From Fireside Ventures, Others

Online tea brand Vahdam Teas has secured $1.4 Mn (INR 9 Cr) in a round of funding led by VC firm Fireside Ventures. The startup&rsquo;s existing investors &ndash; Singapore Angel Network, Mumb

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Amazon India Claims 1.5x Growth Over Flipkart In April-September 2017 Period

Amazon India has once again raised its voice to claim the top spot in the Indian ecommerce ahead of Flipkart. The global retail giant&rsquo;s Indian subsidiary has claimed a Y-o-Y growth of 66

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Lending Platform FlexiLoans Raises $7 Mn In Debt Funding

Mumbai-based digital SME lending platform FlexiLoans has raised an institutional debt funding of about $7 Mn (INR45 Cr) from Financial Institution(s). The funding will be used to expand its pr

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Happay Raises $10 Mn Funding From Sequoia, Axiom Capital, Others

Bengaluru-based fintech startup Happay has raised $10.1 Mn (INR 65.13 Cr) in a Series B funding round led by Sequoia Capital India. Singapore-headquartered private equity fund Axiom Capital, A

Read More

OYO Switches From Hotel Aggregation To Franchise Model

Gurugram-based hospitality startup OYO has shifted its business model from hotel aggregation to franchise. OYO now runs pure-play franchise business allowing hotel partners to run under the OY

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Paytm Set To Roll Out 2nd Edition Of Its Annual Festival ‘12/12’ With Its 5 Mn Merchant Partners

Paytm is set to bring the second edition of its annual offline shopping festival 12/12. To be held on December 12, 2017, the offline shopping festival is aimed at driving greater sales for off

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Cryptocurrency This Week: RBI Warns Over Bitcoin Trading, Petro Launch And More

&lsquo;Unstoppable&rsquo;. &lsquo;Incredible Hulk&rsquo;. Despite the &lsquo;beddy bye&rsquo; by the leading authorities across the world, Satoshi Nakamoto&rsquo;s nine-page long white paper (

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Flintobox Raises $7 Mn In Series A Funding Round Led By Lightbox

Chennai based Flintobox has raised $7 Mn in a Series A funding round led by early-stage venture capital firm Lightbox. Existing investors Globevestor, Ashwin Chadha, Asian E-Commerce Alliance

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Electric Vehicles This Week: Tata Rolls Out Tigor EV; Maharashtra To Adopt EV Policy

The automobile industry is one of the key sectors driving India&rsquo;s economic growth. More than 25 Mn vehicles including passenger vehicles, commercial vehicles, three wheelers and two-whee

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Amazon Wholesale India Unit’s Sales Reaches $1.08 Bn In FY 16-17

It seems that the trust Jeff Bezos has shown earlier this year on Amazon&rsquo;s Indian arm has started to pay off. Amazon Wholesale India, the US-based ecommerce giant&rsquo;s Indian wholesal

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Exclusive: Content Discovery Startup Inshorts Raises $5 Mn Funding From Tiger Global

Noida-based content discovery app Inshorts has raised $5 Mn funding from Tiger Global Management&rsquo;s Singapore investment vehicle, Internet Fund III Pte Holdings. The investment, as per th

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Alibaba To Acquire 40% Stake In Hyperlocal Grocery Delivery Firm BigBasket For $300 Mn

With the year 2017 stepping to an end, yet another big deal is on its way in the Indian startup ecosystem. Alibaba along with Paytm Mall is all set to acquire around 35% &ndash; 40% stake in h

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RBI Reiterates Its Concerns Over Bitcoins And Cryptocurrencies

After Finance Minister of India Arun Jaitley made it clear that the centre doesn&rsquo;t recognise the use of Bitcoins and other cryptocurrencies as a legal affair, the Reserve Bank of India (

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How FalconBrick Is Aiming To Digitise India’s Unorganised Real Estate And Construction Sector Worth $165 Bn

The real estate and construction sector in India is expected to be the third-largest globally by 2030, contributing over 15% to Indian GDP, according to a report jointly released by NAREDCO an

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Graphic India Raises $5 Mn Funding To Expand Its Comic Brand In India

Bengaluru-based Graphic India, a character entertainment company has raised $5 Mn in a funding round led by the investors from the US-based Liquid Comics to fast-track its mission of creating

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Hyperlocal Services App Dunzo Raises $12 Mn Funding From Google

Chat-based hyperlocal services app Dunzo has raised $12 Mn funding from Google against a minority stake in the startup. The deal has been done under the search giant&rsquo;s Next Billion Users

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Paytm Payments Bank To Invest $466 Mn To Build 10K Customer Touchpoints

Paytm Payments Bank has committed to invest $466.5 Mn (INR 3000 Cr) in next three years to create a network of 10K offline consumer banking touchpoints. &nbsp; Th

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Furniture Rental Startup Rentickle Raises $4 Mn From ThinKuvate, Others

Rentickle, an online rental platform for furniture and home appliances, has raised $4 Mn in a funding round led by Singapore-headquartered VC ThinKuvate and CX Partners Chairman Ajay Relan.</d

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BIGShift Ahmedabad: A Glimpse Of The Enthralling Conversations With Three Veterans From The World Of Startups

The largest city in Gujarat, the &ldquo;Land of the Legends&rdquo;, Ahmedabad is blessed with spectacular Indo-Persian architecture, mesmerising gardens and numerous lakes (natural and artific

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Cab Aggregator Ola Launches Bicycle-Sharing Service Ola Pedal

Cab-aggregator Ola has introduced yet another new mode of transportation for its users &mdash; Ola Pedal. As the name suggests, Ola Pedal is a bicycle sharing service and will come in handy fo

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Paytm Plans To Invest $2.5 Bn To Grow Its Ecommerce Business Paytm Mall

Paytm has its sights set on becoming a significant player in the ecommerce space with its ecommerce unit Paytm Mall. Founder Vijay Shekhar Sharma said that Paytm plans to invest up to $2.5 Bn

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

After clocking 76.8 Mn transactions in October, the Unified Payments Interface (UPI) hit a record high of 105 Mn transactions last month. According to data released by NPCI (National Payments

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Cryptocurrency This Week: Bitcoin, A Pandora’s Box For India, Belarus To Legalise

Once in a blue moon or just a &lsquo;bubble&rsquo;? Bitcoin is on a roll. This week, Bitcoin, Ethereum and Bitcoin Cash saw an unprecedented growth, with Bitcoin leading the charge at a market

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Pepperfry Decided To Build India’s Largest Furniture Warehouse And Here’s Why

&ldquo;The nuance to furniture is handling,&rdquo; says Ashish Shah, founder and COO of Mumbai-based furniture marketplace Pepperfry and former eBay executive. I, along with a handful of journ

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Funding Galore: Indian Startup Funding Of The Week [27 Nov -2 Dec]

We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 12 Indian startups raised about $78 Mn in funding altogether in the Indian startup ecosystem. (

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News Roundup: 12 Indian Startup News That You Don’t Want To Miss This Week [27 Nov -2 Dec]

We bring you the weekly dose of important Indian startup news of the week. &nbsp; This week&rsquo;s prime newsmaker in the Indian startup ecosystem was Softbank w

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Movers And Shakers Of The Week [27 Nov -2 Dec]

We bring you the weekly dose of important movers and shakers of the week. BlackBuck On Boards Dinesh Ajmera As CTO Bengaluru-based BlackBuck, owned and operated b

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Cisco Chief John Chambers Picks 10% Stake In Chennai-Based Startup Uniphore

Developing voice assistant and speech recognition solutions, Chennai-based IT startup Uniphore Software Systems has closed its series B round of funding led by the Executive Chairman of Cisco

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Ecommerce Major Flipkart Reports 43% Growth In GMV In April-September Period

As per a financial report from Flipkart investor Naspers, the ecommerce firm has reported a growth of 43% in gross merchandise value (GMV) for the six months ended 30 September. The half yearl

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T-Hub Partners With CASHe To Launch Blockchain Hyper Hub

Hyderabad-based startup incubator T-Hub has launched Blockchain Hyper Hub in collaboration with CASHe, an app-only lending company which provides immediate short-term personal loans to young p

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Zomato Apologises For Offensive Outdoor Ad; To Withdraw Soon

Just before the year end, Zomato has got itself into a public outrage over its new marketing campaign. The food tech startup recently placed an outdoor banner ad, depicting letters (BC., MC.)

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Mobile Gaming Company Nazara Raises $51 Mn In Funding

Mumbai-based mobile gaming company Nazara has raised about $51.1 Mn in a funding round led by IIFL Special Opportunities Fund. &nbsp; Commenting on the recent inv

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Exclusive: Hyperlocal Services Startup Befikr Raises Series A Funding

Delhi NCR-based hyperlocal services provider befikr has raised about $2 Mn in Series A funding round from undisclosed investors, says, co-founder Sunny Trehan. &nbsp; <di

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Amazon India Reports Over 105% Revenue Growth In FY17

At a time when Flipkart&rsquo;s valuation has been marked up by one of its investors Morgan Stanley, the Indian arm of global ecommerce behemoth Amazon has reported over 105% growth in revenue

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Electric Vehicles This Week: Tata Nano EV To Be Launched As Jayem Neo; Mahindra Partners With Uber And More

A recent study by global financial services company UBS predicts that one out of every six cars sold anywhere in the world will be electric by 2025. &ldquo;The shift to electric cars will come

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Google Selects 4 Indian Startups For Launchpad Accelerator 5th Edition

Global tech giant Google has announced the list of startups that will be joining the fifth edition of the Launchpad Accelerator Programme, at the Google Developers Launchpad Space in San Franc

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Connected Transport Incubator AutoNebula Gets $7 Mn SEBI Approved Funding

Pune-headquartered AutoNebula, India&rsquo;s only incubator/accelerator that focuses on connected transport, has secured a Category I AIF (alternate investment funding) of $7 Mn (INR 45 Cr). C

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SoftBank Eyes $250 Mn Investment In Foodtech Startup Swiggy

After solidifying its position in the Indian ecommerce and cab aggregator space, Japanese conglomerate SoftBank is reportedly gearing up for a $200 Mn-$250 Mn investment in foodtech startup, S

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Uber Shortlists 10 Indian Startups For UberEXCHANGE Programme

On the 2nd day of the ongoing GES 2017 (Global Entrepreneurship Summit), on-demand ridesharing platform Uber today announced the names of 10 Indian startups as UberEXCHANGE winners. Under the

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Food Delivery Platform Foodpanda India Claims 64% Jump In Revenue

foodpanda India, the online marketplace for food delivery has claimed revenues of $9.6 Mn (INR 62.16 Cr) in FY 16-17, a 64% jump over the earlier $5.87 Mn (INR 37.81 Cr) in FY 15-16. The compa

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Morgan Stanley Marks Up Flipkart Valuation To $9.36 Bn

Morgan Stanley, one of its mutual fund investors, has marked up the valuation of homegrown ecommerce behemoth Flipkart to $9.36 Bn for the quarter ended September 30, 2017. The markup came as

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Fitness Startup MobieFit Raises $1.35 Mn From NB Ventures, MediAssist

Mobile fitness startup Mobiefit has raised $1.35 Mn (INR 8.85 Cr) in a Pre-Series A funding round led by NB Ventures and existing investor, MediAssist India. The investment follows the startup

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Gaja Capital Leads $13 Mn Funding Round In Lifestyle Brand Chumbak

Design-led lifestyle brand Chumbak has reportedly secured $13.1 Mn (INR 85 Cr) in a round of funding led by mid-market private equity firm, Gaja Capital. The round also saw the participation o

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Fintech Startup Remitware Launches Global Payments Platform MoneyOS

California-based Remitware Payments (Remitr) is set to launch a blockchain based operating system, MoneyOS for global payments. The new OS aims to ease the crossborder/global payments by freei

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Paytm Payments Bank Formally Inaugrated, To Invest $500 Mn In KYC

After launching the Airtel Payments Bank in January this year, Finance Minister Arun Jaitley also formally inaugurated Paytm Payments Bank in the capital today. Speaking at the

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TRAI Issues Recommendations On Net Neutrality; Defends Free Internet

The Telecom Regulatory Authority of India has finally released its recommendations on net neutrality. Upholding the basic principles of equal and non-discriminatory access to the Internet, TRA

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Government Permits Digital Payments For Charging Of Electric Vehicles

In a bid to ensure fast and smooth adoption of electric vehicles, the Government of India has announced that users will be allowed to pay for the charging of EVs through digital payments solut

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BIGShift Nagpur: Masters Share Secrets Of Fundraising And Effective Market Research With Startups

Nagpur, or the orange city as we like to call it, tops the chart as one of the best cities in the country in terms of livability, greenery, public transport and access to healthcare. As per Sw

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Startup Events To Attend This Week: BIGShift Bhubaneswar, GES 2017 And More

Last week we introduced our new weekly series on startup events to attend this week, and we received an amazing feedback from the community. This has further strengthened our zeal to curate th

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Axis Bank Launches Blockchain Based Instant International Payment Services

India&rsquo;s third-largest private sector bank Axis Bank has launched instant international payment services using the enterprise blockchain technology solution from Ripple. The bank has laun

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Indian Government To Revise Tax Regime For Startups: Sources

The Government of India is reportedly reviewing the tax regime for startups, with the aim of integrating exemptions and incentives to attract more entrepreneurs. The development comes ahead of

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Mahindra To Launch Two New Models Of Electric Vehicles By 2019

Mahindra Electric, the EV arm of the Mumbai-headquartered automotive giant, has announced plans to launch two new models of electric vehicles in India soon. As per reports, the company sold a

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SEBI To Investigate Earnings Leak Of 24 Companies On WhatsApp

The Securities and Exchange Board of India (SEBI) has asked India&rsquo;s top two stock exchanges&mdash;NSE and BSE Ltd&mdash;to write to over&nbsp; 24 companies whose earnings figures as well

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Cryptocurrency This Week: Billdesk Launches Bitcoin Exchange Coinome And More

Amid rising investments and Bitcoin futures products, the cryptocurrency market cap has crossed $250 Bn. Besides Bitcoin, Bitcoin Cash and Ethereum are two other cryptocurrencies that have sho

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Why Unicorn India Ventures Feels Venture Debt Is The Missing Piece In Indian Startup Ecosystem

Mumbai-based VC fund Unicorn India Ventures announced the launch of its second fund, a venture debt fund with a corpus of $92.3 Mn (INR 600 Cr), earlier this week. While the year has seen the

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Equity Research Firm Jefferies Marks Up Zomato Valuation To $865 Mn

There&rsquo;s more good news for Indian foodtech unicorn Zomato. As per reports, NYC-headquartered equity research firm Jefferies has marked up Zomato&rsquo;s valuation from $500 Mn in July 20

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Despite Low Deposits, Paytm & VSS Boosts Payments Bank With $18 Mn

While Paytm Payments bank trudges along with mounting losses, it has received yet another cash infusion. Paytm&rsquo;s parent company One97 Communications and its founder Vijay Shekhar Sharma

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After Suzuki And Toyota, Honda To Enter Indian Electric Vehicles Market

After Mahindra, Maruti Suzuki and Tata Motors, Honda Cars India Limited (HCIL) has jumped on the electric vehicles (EV) bandwagon. As per reports, the Indian subsidiary of Honda Japan is in th

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Zoho Looks To Tap Digital Agencies With New Edition Of Zoho Social

In a bid to bring digital agencies under its cover, Zoho has announced that its social media marketing tool Zoho Social is now available in a special edition for them. Zoho Social for Agencies

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Uber Paid $100K To Hackers To Cover Up Massive Data

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Sequoia Capital Sells Almost 1% Of Its Stake In Just Dial For $5.4 Mn

Sequoia Capital, one of the early investors in local search service Just Dial has sold almost 1% of its stake in the company through open market transactions, making an earning of around $5.4

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Epiq Capital Marks First Close Of Its $250 Mn Tech Startup Fund

Mumbai-based PE firm Epiq Capital has announced the first close of its $200 Mn-$250 Mn maiden tech startup fund. The firm has raised $100 Mn so far entirely from global institutional investors

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GOInternational Finland Calls Indian Series A Startups & SMEs For Smart City Bizhack India

GOInternational Finland, a Nordic International Accelerator will be hosting Smart City Bizhack India at its headquarters in Helsinki. It is the first Indian-themed event to be hosted alongside

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Kerala Government Extends Financial Support For Startups By Two Years

The Kerala government has announced today that it would be extending financial support for startups in the state by two more years. As a result, Kerala-based startups will now be offered seven

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Tiger Global To Sell A Portion Of Its Stake In Ola To Softbank For $500 Mn

Now that Tiger Global Management Partner Lee Fixel has stepped down from Ola&rsquo;s board, the US-headquartered firm seems to be ready to sell its stake in the cab aggregator to none other th

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Adoption Of Electric Vehicles Could Help India Save $300 Bn: Report

Although the adoption of electric vehicles in India has been slow, due to many challenges and setbacks, the market represents a tremendous economic opportunity, a FICCI and Rocky Mountain Inst

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BankChain In Action: SBI To Use Blockchain For Smart Contracts & KYC

Indian multinational, public sector banking and financial services company, State Bank of India ( SBI) has announced plans to launch blockchain-enabled smart contracts and Know Your Customers

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Xiaomi To Invest $1 Bn In 100 Indian Startups: CEO Lei Jun

The company currently has two manufacturing units in Andhra Pradesh, one launched in August 2015 and the other one is a secondary unit established in March 2017. So, 95% of all smartphones sol

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Unicorn India Ventures Launches $92.3 Mn Venture Debt Fund

Mumbai based VC fund Unicorn India Ventures has announced the launch of its second fund, a venture debt fund with a corpus of $92.3 Mn (INR 600 Cr), today. The fund will be making its first cl

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India Gets Its Very First Electric Vehicle Charging Station In Nagpur

Homegrown cab aggregator Ola has announced the launch of the country&rsquo;s first electric vehicle charging station in Nagpur, in collaboration with state-run Indian Oil Corporation (IOC). In

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Home Furnishing Startup HomeLane Acquires Capricoast For $13.8 Mn

Bengaluru-headquartered modular home furnishing solutions provider HomeLane has acquired Capricoast for $13.8 Mn (INR 90 Cr). Also based in Bengaluru, Capricoast is an online home interiors ma

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Indian Government Partners MapmyIndia To Digitise Physical Addresses

The Indian Department of Post in association with MapmyIndia has launched a pilot project- eLocations aka eLoc &ndash; to digitally map the physical property addresses. The postal department c

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TVS Group Kickstarts Its Electric Vehicles Drive With Tesla

After Mahindra and Mahindra, another Indian company, TVS Group, has taken a leap into the electric vehicles industry. The Madurai-headquartered diversified industrial conglomerate has reported

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Flipkart To Invest $50 Mn In Foodtech Firm Swiggy; Tencent May Follow

Speculations around Flipkart don&rsquo;t seem to cease ever since the company announced its plan to roll out a one stop mobile app in June 2017.&nbsp; Just after the company is said to be in t

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Cryptocurrency This Week: Supreme Court Asks Govt To Regulate Bitcoin

Swinging up and down, and up again. Bitcoin, currently trading at $8K, has recovered bullishly from a scheduled hard-fork melodrama that did not happen. However, if you are looking for a melod

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FundTonic Announces The Launch Of Pune Startup Marathon 2017

Mumbai-based FundTonic, an angel network with over 700 angel investors has announced the launch of this year&rsquo;s Pune Startup Marathon. In another development, FundTonic has also unveiled

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Facebook Marketplace Set To Take On Olx, Quikr In India, Begins Trial

Facebook has begun the test run of its Marketplace feature in India starting from the city of Mumbai. From November 16 onwards, people in Mumbai will soon start seeing a Marketplace tab where

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Paytm Teams Up With ICICI Bank To Offer Short Term, Interest Free Loans

Mumbai-headquartered banking and financial services company, ICICI Bank, has partnered with Paytm to launch a short-term, interest-free credit line aptly called Paytm-ICICI Bank Postpaid. As s

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Myntra To Use Kirana Stores For Last Mile Deliveries Under MENSA

In a bid to strengthen its presence in the Indian fashion ecommerce segment, Flipkart owned Myntra is betting on its network of neighbourhood stores to bolster its last-mile deliveries. The fa

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Can Flipkart Bank On Its Private Label MarQ To Make A Dent In White Goods Category Sold Online?

&ldquo;When you are out of quality, you are out of business&rdquo; &ndash; reads a plaque above an assembly line in the Dixon Technologies factory in Selaqui industrial area outside Dehradun.

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Cab Aggregator Uber India Introduces 4 New Features To Entice Users

Back to basics. One of the leading cab aggregators, Uber India has launched a host of new (basic) features which include &lsquo;request for a guest&rsquo;, &lsquo;call to ride&rsquo; and AI-en

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Meet The 8 Startups Graduated From Nomura Fintech Accelerator

Asia&rsquo;s leading global investment bank Nomura hosted a demo day at their Powai campus for the eight selected startups after they completed the Nomura accelerator programme. At the demo da

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Mahindra Partners Zoomcar To Accelerate Electric Vehicle Adoption

India&rsquo;s sole manufacturer of electric vehicles, Mahindra and Mahindra, has forged a partnership with self-drive car rental platform, Zoomcar. As part of the newly-announced alliance, the

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Ecommerce Major Infibeam Almost Doubles Its Revenue For Q2 FY18

Ahmedabad-based ecommerce major Infibeam has announced a strong growth in its Q2 FY18 financials. As per the recent BSE filing, the company posted a net profit of $3.3 Mn (INR 21.6 Cr) with a

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India Accelerator Kickstarts Its First Cohort With Six Startups

Gurugram-based India Accelerator has invested $150K in six startups, shortlisted for its first batch. Following are the startups shortlisted for the accelerator programme: Kuants, a fintech st

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Zomato Launches Its International Paid Subscription Program Zomato Gold In India

After playing a successful innings throughout the year, the foodtech startup Zomato has given its consumers and retailer network another reason to celebrate. The company has announced the laun

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Flipkart Owned Fashion Marketplaces Myntra, Jabong Enter $400 Mn Indian Toys Market

Indian ecommerce unicorn Flipkart owned fashion subsidiaries Myntra and Jabong are now taking the plunge into the $400 Mn (INR 2750 Cr) Indian toys market. &nbsp;

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Why Sir Terry Matthews Is Banking On Indian B2B SaaS Startups With Alacrity

If success can be boiled down to a tried and tested formula, then serial high-tech entrepreneur Sir Terry Matthews has perfected his by trying and testing it over 150 times. The Chairman of Ca

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Fintech Startup Active Intelligence Raises $8.25 Mn Funding From Vertex Ventures And Others

Active Intelligence, a Singapore-headquartered fintech platform with an innovation lab in Bengaluru has successfully raised $8.25 Mn in its Series A funding, led by Vertex Ventures, Creditease

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Voonik CEO Sujayath Ali Dismisses Reports Regarding Deferment Of Employee Salaries

Bengaluru-based fashion retailer Voonik has reportedly asked 200 employees out of its workforce of 350 to forgo their salaries for the next three months. According to sources close to the deve

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Logistics Startup VDeliver Acquires Hyperlocal Services Marketplace Towny App

Hyderabad-headquartered logistics company VDeliver has acquired Towny App, an Andhra Pradesh-based mobile marketplace for hyperlocal services, for an undisclosed amount. As per the official st

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T-Hub And United Technologies Select Five Video Analytics Startups For Accelerator Programme

Hyderabad-based startup engine T-Hub, in collaboration with American tech conglomerate United Technologies Corporation (UTC), has selected five video analytics startups for the first cohort of

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BharatNet: Govt. To Offer $550 Mn Subsidy To Telecom Firms To Connect Villages Via Internet

The Government of India is planning to offer $550.2 Mn (INR 3,600 Cr) subsidy to private telecom companies through viability gap funding, in a bid to connect gram panchayats via Internet as pa

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100% Electric Vehicles By 2020 Doable In Major Indian Cities: Jose Roman Of Nissan

Joining the pack of domestic and international automotive companies that have stepped forward to support the Indian government&rsquo;s electric mobility mission is Japan-headquartered Nissan M

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Stayzilla Saga: Supreme Court Orders Status Quo In Homestay Aggregator’s Appeal Against Insolvency

In a recent development in the Stayzilla case, the Supreme Court has given an interim order of status quo in an appeal against the insolvency proceedings of the homestay aggregator. The order

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Ecommerce Mammoth Alibaba Undeterred In Its Focus On India, Says CEO Daniel Zhang

Having monopolised the Chinese ecommerce industry through aggressive discounting and mega sales, like the recently-held 11.11 Global Shopping Festival, Jack Ma-founded Alibaba now has its eyes

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RBI Invites Discussions On The Impact Of Newly Instituted Digital Payment Norms

A month after releasing stricter guidelines on the issuance and operation of Prepaid Payment Instruments (PPIs), the RBI has invited prominent bankers to deliberate over the impact the newly-i

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Amazon Will Continue To Invest In India Regardless Of What Competitors Are Doing: Jeff Wilke

Amazon Worldwide Consumer CEO Jeff Wilke is not bothered by the huge losses the ecommerce company faced in the international markets including India in the last quarter. &nbsp;<

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Cryptocurrency This Week: RBI Says No To Bitcoin For Payments & More

&ldquo;Bitcoin is Punk Rock. You can&rsquo;t stop it,&rdquo; says Andreas M. Antonopoulos, the protagonist in &lsquo;Bitcoin: The End of Money As We Know It&rsquo;. However, the Indian governm

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India Recorded 965 Mn Digital Transactions In October: RBI

A lot has been happening in the Indian digital payments space. With the entry of big players like Google, Amazon and now PayPal and the government&rsquo;s drive towards cashless economy, digit

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Ecommerce Behemoth Amazon Shuts Down Online Product Discovery Platform, Junglee

Seattle-based Amazon has reportedly shut down online product discovery platform, Junglee. Launched in February 2012, more than a year before Amazon.in came into existence, Junglee represents t

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Jindal Stainless Partners With ANEW Holdings To Launch Accelerator Programme For Agritech Startups

Jindal Stainless, in collaboration with Japanese VC firm ANEW Holdings, has launched an accelerator programme for agritech startups. Located in Gurugram, the initiative is aimed at strengtheni

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PayPal Joins Indian Digital Payments Party; Rolls Out Domestic Payment Services In India

Exactly a year after demonetisation was announced, global digital payments player PayPal Holdings Inc. has finally launched its domestic payment services in India today. The firm will now offe

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Rajasthan Government Doubles Down On Startup Support, Launches IStart Programme

In a bid to facilitate entrepreneurship and job creation in the state, the Government of Rajasthan has launched a dedicated platform for startups called iStart. By nurturing innovation and ent

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BIGShift Indore: Seasoned Entrepreneurs Share Insights Into The Challenges Of Team Building Out Of A Tier II City

Located far away from the startup hubs &ndash; Delhi, Bengaluru and Mumbai &ndash; is Madhya Pradesh, the second-largest state in the country. Nicknamed as the &ldquo;heart of India&rdquo; due

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SoftBank Chief Masayoshi Son Counts Big On Two Of Its Biggest Indian Investments, Flipkart And Paytm

The biggest late-stage investor to Indian startups SoftBank is counting big on its largest investments in India, precisely on Flipkart, and Paytm. &ldquo;Flipkart, India&rsquo;s number one e-r

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Chennai Based Hospitality Startup Freshup Raises $1.5 Mn Funding From Lotus Global Investments

Chennai-based hospitality startup FreshUp has raised $1.5 Mn seed funding from Singapore-based Lotus Global Investments. With the $1.5 Mn funding, Freshup is now planning to strengthen its pre

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Government Asks Automotive Companies To Expedite Electric Vehicle Manufacturing In India; To Come Up With EV Policy Soon

The Indian government has further pushed the Indian automotive companies to expedite the electric vehicle manufacturing in the country. As per reports, the government is studying global market

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Cab Aggregator Ola Teams Up With Microsoft To Build A Futuristic Connected Vehicle Platform

Homegrown cab aggregator Ola has announced a strategic partnership with tech giant Microsoft to develop a new connected vehicle platform for car markers. As part of the newly-forged alliance,

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Hyperlocal Search Engine JustDial Reports 26.5% YoY Rise In Net Profit For Q2 FY 18

Mumbai-based hyperlocal search engine JustDial has announced its financial and operating results for the fiscal quarter ending on September 30, 2017. As per the filings, the company saw a net

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Digital Wallet Paytm Announces Integration Of BHIM UPI; Prepares To Double User Base In Two Years

While Indian banks are gearing up to align their digital payment solutions under the umbrella of BHIM, Paytm has announced the integration of BHIM UPI on its platform today. The move, sources

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HDFC Bank Launches Startup Fund With Initial Corpus Of $30 Mn

The country&rsquo;s second-largest private-sector bank, HDFC Bank, is in process of launching a fund for startups. With an initial corpus of $25 Mn-$30 Mn, the startup fund is aimed at helping

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Flipkart Pilots Online Groceries Category Under ‘Supermart’ In Bengaluru

As news of Amazon India delaying its entry in the food retail circled the ecosystem, Flipkart has taken yet another step to bolster its presence in the online grocery segment. The ecommerce un

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Valic Marks Down Flipkart Valuation To $7.9 Bn Despite Massive Fund Raise In Last Quarter

Mutual fund investor Valic Co. has marked down the valuation Flipkart to $7.9 Bn, months after the ecommerce behemoth raised nearly $3 Bn in funds from SoftBank, Tencent, eBay and Microsoft.</

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Govt. To Grant Incentives To Cities For Faster Adoption Of Electric Vehicles Under FAME India Scheme

In another push towards faster adoption of electric vehicles, the Government of India is preparing to offer incentives to cities with population more than 1 Mn. The initiative, which is part o

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Punit Soni On His Mantra For Developing A Cutting Edge Tech Product And His Foray Into Healthtech With Robin

Punit Soni, ex Chief Product Officer of Flipkart and current CEO of healthtech startup Robin, is someone who has traversed with equal ease both the Indian and the Silicon Valley startup ecosys

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Cryptocurrency This Week: India May Ban Cryptocurrency, Bitcoin Hits $7,450, CME Group To Launch Bitcoin Futures, And More

In an upcoming movie &lsquo;Justice League&rsquo;, Flash asks Batman, &ldquo;What are your superpowers again?&rdquo; Batman responds, &ldquo;I&rsquo;m rich.&rdquo; With leading cryptocurrency

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Sheila Nevins: The HBO Producer Who Dawned The Era Of The Human Experience

&ldquo;I felt that there could be a performance in every man, that every man could perform his life or his situation or his trauma or his successes or his failure,&rdquo; Sheila said. <

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Quora India Country Manager Gautam Shewakramani On How Quora Aims To Serve Its Second Largest Market

Gautam Shewakramani recently took over as the country manager for Quora India. With over 200 Mn unique visitors visiting the Q&amp;A platform that empowers people to share and grow the world&r

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Amazon India Sellers Protests Against The Ecommerce Player’s Weak Return Policies

Amazon India seems to be in trouble with its sellers. As per media reports, a 9,000-member strong Amazon India seller&rsquo;s forum has pulled back sponsored ads from the ecommerce portal over

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Indian Tech Startup Funding Report Q3 2017: Evidence Of A Funding Vacuum Despite $3.6 Bn Investment

Those who have witnessed the 2015- H1 2017 era of Indian startup ecosystem, understand the way Indian tech startups have led their way into the mainstream startup funding cycle. While 2015 was

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Quikr To Roll Out On Demand Grocery And Food Delivery Services

Online classified platform Quikr will soon be rolling out on-demand grocery and food delivery service. Quikr plans to make this foray by partnering with neighbourhood stores and restaurants fr

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Global Digital Payments Giant PayPal To Launch Domestic Payment Services In India Next Week

Global digital payments player PayPal is expected to offer domestic payment services in India from next week, as per sources close to the development. With its new service in India, PayPal is

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Paytm Challenges WhatsApp To A Duel, Launches In App Messaging Service Paytm Inbox

Competition between Paytm and Facebook-owned WhatsApp just got fiercer. To counter WhatsApp&rsquo;s much-awaited entry into the Indian digital payments space, Paytm has launched its instant me

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Elearning Platform Meritnation Secures $5.8 Mn Funding From Naukri.Com Owner, Info Edge

Delhi-based elearning platform Meritnation has raised $5.8 Mn (INR 38 Cr) from online classifieds platform Info Edge, which runs job portal Naukri.com, real estate site 99acres and Jeevansaath

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Ixigo Launches Virtual Travel Currency For Travel Bookings

Gurugram-based travel search marketplace, ixigo, has launched a virtual travel currency to enable users to initiate payments and transactions while travelling. As per the offici

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Online Travel Portal MakeMyTrip Posts Net Loss Of $62.3 Mn For Q2 2017-18 On Account Of Increasing Expenses

Online travel firm MakeMyTrip posted net losses of $62.3 Mn for the quarter ended September 30, 2017. The online travel company had posted a net loss of $39.5 Mn for the corresponding period o

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After Amazon Hitting Back At Indiatech, Now Uber India Head Amit Jain Asserts Uber Is As Indian As Any Local Player

Taking a cue from Amazon India Head Amit Agarwal who stated in a media interview recently that Amazon is as Indian as any other startup, it&rsquo;s now Uber India head Amit Jain to proclaim th

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B2B, Advanced Tech Startups Leading Growth Of Indian Startup Ecosystem: NASSCOM-Zinnov Report

India continues its momentum of being one of the most vibrant landscape for startups, strengthening its position as the third largest startup ecosystem across the world. As per the 2017 editio

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Online Food Retail Dream Of Ecommerce Giant Amazon Hits Another Snag

Ever since Amazon received DIPP&rsquo;s nod for a $500 Mn investment in July 2017, there has been a lot of buzz about the ecommerce behemoth&rsquo;s entry into the country&rsquo;s online food

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Drones Soon To Be Used For Ecommerce Deliveries In India: Civil Aviation Ministry

The Civil Aviation Ministry announced on Wednesday that India could soon witness the use of drones for commercial purposes such as the delivery of ecommerce packages to customers doorsteps.</d

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Key Takeaways From BIGShift Kolkata: Investors And Enablers On The Challenges Of Starting Up

Kolkata &ndash; the City of Joy that breeds artists, writers and visionaries. Home to nearly 5 Mn people, the erstwhile capital of India has a quaint old-world charm that draws people in, insp

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Flipkart Owned PhonePe Launches Bluetooth Enabled POS Device To Woo Offline Merchants

Bengaluru-based Flipkart owned fintech firm PhonePe has taken yet another step to expand its presence in the offline payments segment. PhonePay has launched Point of Sale aka POS device to ser

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Are Foodtech Rivals Zomato And Swiggy Gearing Up For A Merger?

Two of the biggest players in the Indian foodtech space, Zomato and Swiggy, are reportedly in talks about a potential merger. According to sources, Bengaluru-based Swiggy has proposed a stock-

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Google’s Very First India Cloud Platform Goes Live In Mumbai

Search engine giant Google has opened its first cloud platform region in Mumbai to enable customers to develop efficient applications and store data on the cloud. The company first announced p

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HDFC Bank Launches Its First Ever SmartUp Zone In Bengaluru

After launching SmartUp, a dedicated banking solution for startups in March 2016, HDFC Bank has extended its SmartUp Zones initiative to Bengaluru. As the name suggests, SmartUp Zones are dedi

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Ola Parent ANI Technologies Fuels $7.7 Mn In Cab Leasing Arm, Ola Fleet Technologies

Ola&rsquo;s wholly-owned cab leasing subsidiary, Ola Fleet Technologies, has raised $7.7 Mn (INR 50 Cr) from its parent company, ANI Technologies Pvt. Ltd. As per filings with the Ministry of

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Foodtech Startup FreshMenu Opens First Offline Outlet; Sets Sight On 2x Revenue Growth In FY18

Foodtech startup FreshMenu has opened its first front-facing kitchen at Bengaluru airport as it targets 2x revenue growth this fiscal year. As per reports, the first offline restaurant at Kemp

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Online Grocery Startup Bigbasket Raises $8.02 Mn Funding To Take On Rival Grofers

In a bid to compete efficiently with Grofers, online marketplace grocery delivery, the inventory-led firm BigBasket has raised $8.02 Mn (INR 52 Cr) in funding from four of its existing investo

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Snapdeal Initiates Legal Action Against Quickdel Logistics; Sends A Legal Notice

The legal battle between Anand Rai&rsquo;s logistics firm Quickdel Logistics and ecommerce company Snapdeal seems to be getting more fiercer with every passing day. In response to the recently

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Banks To Bring Their UPI Enabled Digital Payment Apps Under The Umbrella Of BHIM

As an additional boost to the growing population of the Unified Payments Interface (UPI), Indian banks, both public and private, are gearing up to align their digital payment solutions under t

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Y Combinator Partner Gustaf Alstromer On YC’s India Plans, How Startups Can Growth Hack, And More

Silicon Valley accelerator-investor Y Combinator (YC) recently conducted second chapter of its Office Hours in three Indian cities i.e. Delhi, Mumbai and Bengaluru. Three partners Gustaf Alstr

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With 7.5 Mn Tez App Downloads, Google Is Eyeing To Lead India’s $500 Bn Digital Payment Industry By 2020

Riding high on cash back and reward offers, Google&rsquo;s Tez, a UPI-based digital payment app has registered almost 7.5 Mn downloads in the 40 days since its launch, informed the company CEO

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Electric Vehicles Race Continues: Govt. Invites Bids On Chargers; Telangana Creates Draft Policy On EVs

With the first phase of the electric vehicles tender slated for November, the Government of India has reportedly invited snap bids for EV chargers to ensure adequate charging infrastructure fo

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Flipkart Signs Strategic Partnership Deal With Decathlon To Tap Sports And Fitness Industry

Ecommerce giant Flipkart has inked a strategic partnership deal with Decathlon, a sporting goods company that specialises in sports equipment, fitness products, clothing, footwear and accessor

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DIPP Extends Funding Support To 75 Startups Under Fund Of Funds Initiative

The Department of Industrial Policy and Promotion (DIPP), India has already extended its funding support to 75 startups under its &lsquo;Fund of funds&rsquo; initiative. Aimed to equip emergin

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Ashok Leyland Commits $77 Mn To Electric Vehicles; Maruti Suzuki To Manufacture EVs

Rivaling Mahindra and Mahindra, currently the sole electric vehicle maker in the country, Maruti Suzuki India has announced plans to foray into the EV space. In a related development, Ashok Le

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Fintech Startup Olly Credit Picks Up Funding From Incubate Fund And A Clutch Of Angel Investors

Delhi-based Olly Credit, a fintech startup that offers micro credit cards, has raised an undisclosed amount of funding in Seed round of funding led by Incubate Fund. Former Kotak Mahindra Asse

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Amit Agarwal Hits Back At Lobby Group Indiatech, Says Amazon India Is As Indian As Any Other Indian Startup

While the lobby group Indiatech is busy snapping up biggies like SoftBank on its side to advocate for the interests of Indian startups against issues such as capital dumping by foreign firms,

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With 21 Startups In Portfolio, Anthill Ventures Is Now Placing Bet On Future Lifestyle And Enterprise Startups With The New $25 Mn Fund

&ldquo;We will build new ships to carry man forward into the universe, to gain a new foothold on the moon and to prepare for new journeys to the worlds beyond our own&rdquo;. The startup inves

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No Deal: OYO Zo Rooms Acquisition Deal Never Happened, Confirms OYO

Finally, after more than a year of speculation, some clarity has emerged on the acquisition deal between OYO and ZO Rooms. In an official statement, OYO has confirmed that it is no longer invo

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Saas Unicorn Zoho Launches Agile Project Management Software Zoho Sprints

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Legaltech Startup SpotDraft Raises $550K Seed Funding From Hunch Ventures, 500 Startups, Others

Gurugram-based legaltech startup SpotDraft has raised $550K (INR 3.5 Cr) n a Seed funding round led by VC firm Hunch Ventures. The other investors that participated in the round include Japan-

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With Amazon Key And Cloud Cam Amazon Will Deliver Packages Inside Customer’s Homes In Their Absence

When it comes to innovating the delivery experience, Amazon is leaving no stone unturned. The world&rsquo;s largest ecommerce and third largest retail company Amazon has launched a new service

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State Run Oil And Gas Companies Pledge $49 Mn Innovation Fund For Energy Startups

In a bid to foster innovation and disruptions in the technologically challenged oil and gas industry, a number of state-run oil firms have joined hands to launch an innovation fund to support

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Bot Mitigation Startup ShieldSquare Raises Series A Funding From Endiya Partners And RPG Ventures

Bengaluru-based bot mitigation and management startup ShieldSquare has raised an undisclosed amount of Series A funding in a round led by Endiya Partners and RPG Ventures. Anthill Ventures and

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Jyoti Bansal Announces Startup Studio BIG Labs With $50 Mn Funding; Invests $20 Mn In Harness.Io With Menlo

Seven months after Jyoti Bansal sold AppDynamics to Cisco for $3.7 Bn, he is back with another venture-startup studio Bansal Innovation Group (BIG) Labs. In Bansal&rsquo;s words, BIG Labs is f

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SME Lending Startup ZipLoan Sweeps $3 Mn Series A Funding From Matrix Partners And Existing Investors

Delhi-based SME lending platform, ZipLoan, has raised $3 Mn Series A funding from Matrix Partners India. The round also saw the participation of the fintech startup&rsquo;s existing investors,

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Paytm Mall To Reopen Lawsuit Against Snapdeal Owned Unicommerce: COO Amit Sinha

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Ecommerce Players Flipkart, Amazon Slash Investments In Their Flagship Marketplaces In FY2016-17

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Online Grocery Startup Bigbasket Raises $5 Mn From Helion Ventures; Grofers Fills Its Bucket With $14.7 Mn

Bengaluru-based online grocery startup Bigbasket has raised $5 Mn (INR 32.65 Cr) from Helion Ventures Partners. This comes at a time when rival Grofers India has pumped in $14.7 Mn (INR 96 Cr)

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Elearning Startup Toppr Raises $6.92 Mn Series B Funding From SAIF Partners, Helion, FIL

Mumbai-based personalised elearning solutions provider and online test preparation platform, Toppr has raised $6.92 Mn (INR 45 Cr) in its Series B funding, led by its existing investors SAIF P

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Pune-Based Bharati Robotics Raises Undisclosed Funding From Existing Investors

Pune-based cleaning and material handling equipment maker Bharati Robotics has raised an undisclosed amount of funding from its existing investors &ndash; Society For Innovation and Entreprene

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Organic Juice Startup Raw Pressery Raises $6 Mn From Sequoia, Saama Capital And DSG Consumer Partners

Mumbai-based Rakyan Beverages, the parent firm behind packed juice brand Raw Pressery, has secured $6 Mn (INR 40 Cr) from existing investors Sequoia Capital, Saama Capital and DSG Consumer Par

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Meet The 20 Startups Selected For Axilor Winter 2017 Accelerator Cohort

Bengaluru-based early-stage venture capital firm and accelerator Axilor has shortlisted 20 startups for the Winter 2017 accelerator programme. &nbsp; Founded by e

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Flipkart Embarks On Acquisition Spree; Holds Talks With Swiggy, UrbanLadder And UrbanClap

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IndoSpace to raise $550 million for third fund, bets on e-commerce boom

Five months after selling a significant chunk of its logistics assets to Canada Pension Plan Investment Board (CPPIB), industrial real estate investor IndoSpace is raising $550 million for its

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VC Firm Omnivore Partners To Make The Final Close Of $90 Mn Fund By January 2018

New Delhi-based VC firm Omnivore Partners is expected to close the remaining half of the $90 Mn fund by the end of January 2018. With this fund, the VC firm aims to invest in 20 agritech and r

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App-Only Lending Fintech Startup CASHe Raises $3.07 Mn In Debt From IFMR Capital

Aeries Financial Technologies Pvt. Ltd, that owns the app-only lending platform CASHe, has raised about $3.07 Mn (INR 20 Cr) in debt funding from IFMR Capital in its NBFC company, Bhanix Finan

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Flipkart’s Binny Bansal Is Now On The Board Of Logistics Startup BlackBuck

Logistics startup BlackBuck has onboarded Flipkart founder and group chief executive Binny Bansal on its board of directors, as per a report by VCCircle. The report quoted an undisclosed sourc

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Parking Discovery Startup ParkEasy Raises Pre-Seed Funding From Dutch Accelerator Rockstart

Machine learning based parking discovery startup Park Easy, better known via its Android app Peazy, has secured a pre-seed funding from Dutch Accelerator Rockstart. The amount is said to be ar

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Digital Payment Companies To Meet RBI As They Fear New PPI Guidelines May Impact Mobile Wallets

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Grab Raises $700 Mn Debt Facilities; Partners With SMRT To Build Southeast Asia’s Largest Car Rental Fleet

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Have you ever wondered what makes Bitcoin, a popular and cool currency among today&rsquo;s youth? While it seems like volatility keeps the craze up, being decentralised and unregulated currenc

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Amazon Bolsters Digital Payments Arm, Amazon Pay, With $40 Mn Investment

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Income Tax Dept. Launches Online Chat Service To Answer Queries Of Taxpayers

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Sale In Distress: Snapdeal In Talks To Offload Logistics Arm Vulcan Express, May Sale Off To AllCargo For $4.6 Mn

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Post $70 Mn Series C Funding, Logistics Firm BlackBuck Raises Venture Debt Of $23.05 Mn From InnoVen Capital

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Flipkart In Talks With Kishore Biyani To Buy 8-10% Stake In Future Lifestyle Fashions

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Reliance Retail Likely To Be The Biggest Ecommerce Competitor To Flipkart And Amazon: Mohandas Pai

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Online Financial Marketplace BankBazaar Raises $30 Mn In Series D Funding From Experian

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Ready To Cook Foodtech Startup Fingerlix Raises $7 Mn From Accel Partners, Zephyr Peacock

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Another Man Down: CFO Of Ecommerce Platform Snapdeal, Anup Vikal, Calls It Quits

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Flipkart again beats Amazon in festive season sale

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InnoVen Capital disburses Rs 173 cr in second quarter

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Gyanendra Badgaiyan To Head Lobby Group Indiatech Launched By Flipkart, Ola, Others

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After Losing Out To Flipkart During Festive Sale, Amazon Fuels $250 Mn In Amazon Seller Services

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German Carpooling App Wunder Enters India To Solve The Problem Of Urban Mobility

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UPI App PhonePe Receives Another Funding Boost; Flipkart Commits Investment Of $500 Mn

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Healthcare Startup StanPlus Raises $1.1 Mn In Seed Funding From Kstart Capital, Others

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Google Secretly Launches Domain Registrar Service, Google Domains, In India

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Exclusive: Hyderabad Based Edtech Startup UCLID Raises Seed Funding From US-Based Investors

Hyderabad-based edtech startup UCLID EduLabs Pvt Ltd has raised a Seed funding round of $235K from a bunch of US-based investors at a valuation of over $1 Mn. UCLID is currently running in the

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Paytm Withdraws Case Against Unicommerce Over Alleged Data Misuse

Unicommerce eSolutions Pvt. Ltd, the technology solutions arm of online retailer Snapdeal, which had been engaged in a legal battle with Paytm since last April over alleged data misuse stated

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India Post Payments Bank Working On Launching 650 Branches To Facilitate Financial Inclusion

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The digital payments space in India is turning in new surprises regularly. In the latest one, Hyderabad-based payment and customer retention solution provider, Paynear has announced the acquis

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Yuvraj Singh Backed Restaurant Reservation Platform EazyDiner Picks Up $4.5 Mn From Saama Capital, Others

Gurugram-based online restaurant reservation platform EazyDiner has raised $4.5 Mn (INR 30 Cr) in a Series B funding round led by existing investors, including Saama Capital and DSG Consumer P

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Ola Confirms $1.1 Bn Funding Round From Tencent, Existing Investor Softbank And Others

Cab aggregator Ola has finally confirmed $1.1 Bn funding round led by Tencent Holdings Limited nearly eight days after reports of the fundraise first surfaced. Existing investor Softbank,&nbsp

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Fintech Major Mastercard Launches Its First Innovation Centre In India

Amid increasing number of payment portals and fintech startups in India, US-based fintech company Mastercard has announced the launch of its global research and development arm Mastercard Labs

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Flipkart Allocates $460 Mn To Logistics Arm Ekart For Strategic Investments

Flipkart Group has given a go-ahead to its logistics arm Ekart for investments, acquisitions, and inter-corporate loans. The ecommerce unicorn has allocated $460 Mn (INR 3000 Cr) to Ekart for

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Mahindra & Mahindra In Talks With Ford Motor To Build An Electric Sedan

The country&rsquo;s sole electric vehicle manufacturer Mahindra and Mahindra (M&amp;M) is reportedly looking to join hands with Ford Motor to build a new electric sedan. The move is geared tow

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BigBasket Raises $839K In Funding From Trifecta Venture Debt Fund

Bengaluru-based online grocer BigBasket has raised $839 K(INR5.5 Cr)from its existing investor Trifecta venture debt fund. As per recent filings with the registrar of companies (RoC), Supermar

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AI And Deep Learning Firm ParallelDots Secures $1.4 Mn Funding From Multipoint Capital

Gurugram-based AI and deep learning solutions provider ParallelDots has raised $1.4 Mn in an additional funding round from Multipoint Capital, a U.S. based investment firm. This follows Multip

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After BSNL, MobiKwik Partners With Bajaj Finance To Launch Bajaj Finserv Digital Wallet

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RBI Orders Ecommerce Players To Settle Seller Payments Within Two Days

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Home Decor And Furnishings Startup MyGubbi Raises $2.5 Mn Pre Series A Funding

Bengaluru-based home decor and furnishings startup MyGubbi has secured $2.5 Mn Pre-Series A funding in a round led by the family office of Firoze Irani. The round also saw participation from e

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Amazon Files Patent To Introduce Drones In India For Delivery

In order to use drones to handle its delivery operations, ecommerce giant Amazon Inc has filed a patent application in India for exclusive rights on multi-scale fiducials. Fiducials are black

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Jio Payments Bank, A JV Of Reliance And SBI, To Commence Operations In December: Sources

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Silicon Valley accelerator Y Combinator has witnessed the entry of 18 Indian startups for its two batches in 2017. This is more than the aggregate of 12 between 2011 and 2016. The winter 2017

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Trai to meet telcos on international termination rates

Trai to meet telcos on international termination rates Trai will come out with a separate regulation on the international termination charges, currently pegged at 53 paise per m

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After over a year of deliberations and discussions, the RBI has finally released the official guidelines for non-banking financial companies (NBFCs) engaged in P2P lending in the country. In a

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GoJavas Sends $45.8 Mn Legal Notice To Snapdeal, Accuses Snapdeal Of Siphoning Money

Failed merger talks, valuation drop, downsizing and now a legal notice. Beleaguered ecommerce player Snapdeal has been floundering in setbacks and losses this past year. The latest blow to the

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MobiKwik to spend Rs 80 crore on marketing, promotion in 6 months

Digital payments firm MobiKwik plans to invest Rs 60-80 crore on marketing and promotions in the next six months as it looks to drive transaction volumes on its platform and get more consumers

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Google Xprize Panel Recognises Team Indus' Lunar Mission Readiness

India&rsquo;s first aerospace startup Team Indus has successfully showcased its various prep-milestones to the Google Xprize Judges&rsquo; Panel during their five-day visit to the Team Indus F

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YouTube has launched its first ever pop-up space in Hyderabad to support the community of video content creators in India. The company confirmed the development via a recent tweet. It plans to

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P2P Car Sharing Platform Drivezy Raises $10Mn Funding, Announces ICO To Build P2P Sharing Marketplace

P2P car and bike sharing platform Drivezy has raised $10 Mn in a part equity and part debt funding. The equity investment totalling $5 Mn has been made by American and Japanese investors, incl

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Blume Ventures Backed Fintech Startup SlicePay Adds International Investors To Its Board; Raises $2 Mn In Series A Funding

Bengaluru-based fintech startup SlicePay has raised $2 Mn as part of its ongoing Series A funding round. The investment was led by Japan-based Das Capital, Simile Ventures from Russia and few

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Project Fairplay: Foodtech Unicorn Zomato Launches New Features To Put An End To Malpractices

Bribery and blackmail, Zomato writes in a blog post, are two malpractices that are becoming increasingly common in the online restaurant search and food delivery segment. To solve these proble

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Sensex bounces 130 points, banking shares jump

The 30-share index rebounded by 130.10 points, or 0.41 per cent, to 31,722.13. Mumbai: The benchmark Sensex surged over 130 points in the opening session on Friday, shaking off

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Nestle Consolidating Distribution Centres After GST

Nestle India Ltd. is looking to consolidate its logistics and supply chain as the new uniform nationwide tax obviates the need to have multiple centres. &nbsp; &l

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BASF India Jumps Most In Over 2 Years After Emkay Rates New ‘Buy’

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KPO, Financial Services To Drive Hiring In Next 6 Months

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Digital Wallet MobiKwik Relaunches Its Payment Gateway; Eyes $5 Bn Worth Transactions By 2018

Digital Wallet major MobiKwik has relaunched its payment gateway Zaakpay as MobiKwik Payment Gateway. The vision is to simplify payment systems in India and support new businesses with customi

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Flipkart ESOP Repurchase Plan: Buyback To Take Place At $85.2 Per Unit

A day after the ecommerce unicorn&rsquo;s board approved a $100 Mn ESOP repurchase plan, Flipkart has confirmed that the repurchase of stock options will take place at $85.2 (INR 5,561) per un

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Bang On: Amazon Finally Brings Amazon Echo And Alexa To India; Prime Music Coming Soon

Amazon has finally launched its most awaited product of the year &ndash; a smart, wireless speaker, Echo powered by its AI enabled virtual assistant Alexa in India. Amazon Echo will be availab

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Cab Aggregator Uber Prepares For $1.25 Bn Investment From Softbank As Ex CEO Travis Kalanick’s Hold In The Company Diminishes

Global cab aggregator Uber is reportedly on its way to raising massive funding from Japanese investment giant, Softbank. The board of the beleaguered company recently voted in favour of the pr

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Paytm Payments Bank Reports Losses Of $4.6 Mn

Between August 2016 and March 2017, Paytm Payments Bank reported losses of around $4.6 Mn (INR 30.7 Cr). According to its MCA filings, the firm saw a turnover of $378K (INR 2.47 Cr) during the

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Karnataka Government To Commit $6.1 Mn For An Artificial Intelligence And Data Science Hub

In a bid to accelerate the development of artificial intelligence and data science related technologies, the Karnataka government is looking to invest $6.1 Mn (INR 40 Cr) for the construction

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Cab Aggregator Ola Bolsters War Chest Against Rival Uber With $2 Bn Funding From Tencent, Softbank, Others

Bengaluru-headquartered cab aggregator Ola has reportedly raised $2 Bn in a fresh funding round led by the investment arm of Chinese Internet giant, Tencent. Existing investor, Softbank Group

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Foodtech Unicorn Zomato Waives Off Table Reservation Fees For Restaurant Partners Globally

In what can only be called a miraculous comeback after a rough year marred by layoffs, valuation markdowns and losses, foodtech unicorn Zomato recently hit profitability in all of the 24 count

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Online Hotel Booking Platform Yatra Deepens Inventory Through Partnership With OYO

Gurugram-headquartered online travel and hotel booking company Yatra Online, Inc. has partnered with budget hotel booking marketplace OYO to expand its total hotel inventory to over 70,000 hot

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How Alternative Lending Startups Will Slay The Lending Paradigms Of Traditional Banks

Manish Chawla is a 27-year-old management consultant whose credit score sucks. Despite being quite well compensated, his low credit score is primarily because of a small loan he took 4-5 years

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FoodTech Startup Yumist Shuts Down; Blames High Burn And Failure To Raise Funds

Gurugram-based foodtech startup Yumist has shutdown its operations. Founded by former Zomato official, Alok Jain, along with restaurateur Abhimanyu Maheshwari in November 2014, Yumist, served

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Flipkart Fuels Logistics Arm Ekart With $98 Mn Funding From Group Firm Klick2Shop

The logistics arm of Flipkart Group, Ekart has received about $98 Mn (INR 641 Cr) funding. The investment has been led by another Flipkart Group firm, the Singapore based Klick2Shop Logistics

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DIPP To Rank States On Basis Of The Success Of Their Startup Policies; Invites Feedback From Ecosystem Stakeholders

The Department of Industrial Policy and Promotion, DIPP is now inviting feedback from startup ecosystem stakeholders to rank the states and union territories on the basis of the success achiev

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Comprehensive List Of Venture Capital Funds Managed By SIDBI That Have Catalysed More Than 500 MSMEs And Startups

SIDBI, the apex financial institution in the country for the MSME sector has, so far, contributed to the corpus of 88 venture capital funds which have catalysed the investment of more than $87

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10 Content Marketing Tactics For Your Startup Blog

If you have a blog, I am sure you didn&rsquo;t create it for yourself&hellip; The goal, of course, is to have your articles read, if possible by the greatest number of people. We will see that

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Bombardier Inks $1.7 Billion Deal With SpiceJet For 50 Jets

Canadian aircraft maker Bombardier signed a pact with budget carrier SpiceJet Ltd. for selling up to 50 turboprop jets valued at $1.7 billion. &nbsp; &quot;We are

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Reliance's buyback option on latest iPhones may boost Apple's India presence

NEW DELHI/MUMBAI (Reuters) - India&#39;s Reliance said on Friday that customers of its Jio telecoms unit who buy the latest Apple iPhone models from partner stores could sell them back in a ye

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Ericsson in enhancement meetings with Indian telcos to ink 5G

New Delhi:&nbsp;Swedish telecom gear maker Ericsson on Friday said it is in advance talks with some leading telecom operators in India over 5G technology and expect to sign MoU

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FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

New Delhi: Sovereign wealth funds and other long term foreign portfolio investors (FPIs) can buy up to Rs 9,500 crore worth corporate debt in infrastructure sector, markets regu

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Indian Energy Exchange IPO opens on Oct 9; to raise Rs 1,001 cr

Mumbai:&nbsp;Indian Energy Exchange has set a price range of Rs 1,645-1,650 per share for its initial public offering (IPO) that opens on October 9 crore to raise up to Rs 1,001

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FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

New Delhi: Sovereign wealth funds and other long term foreign portfolio investors (FPIs) can buy up to Rs 9,500 crore worth corporate debt in infrastructure sector, markets regu

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Zomato Invests In Hyderabad Based FoodTech Startup TinMen

In a recent blog post, Zomato founder and CEO Deepinder Goyal state that Zomato has invested in Hyderabad-based foodtech startup, TinMen. Post this investment, Zomato and TinMen

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From Expanding To 100 Cities To Disbursing $46.2 Mn Credit Line By FY18: Consumer Lending Startup MoneyTap Is Shooting For The Stars

From an IIT Madras engineering student to a Silicon Valley-based entrepreneur to a VC in Bengaluru, the journey of Bala Parthasarathy has been an exhilarating tale of ambition, resourcefulness

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NDTV Board Agrees To Sell Ecommerce Portal Fifth Gear To AutoByte

Media house NDTV has confirmed that its shareholders have approved the sale of its automobile ecommerce firm Fifth Gear Ventures Limited to Autobyte Private Limited.The reports of the sale cam

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Racing For The First Private Mission To The Moon: Google Lunar XPRIZE Contestant TeamIndus Releases Anthem #HarIndianKaMoonshot

&ldquo;That&rsquo;s one small step for man, one giant leap for mankind.&rdquo; &nbsp; Uttered by Neil Armstrong, this quote immortalises man&rsquo;s first steps o

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Amazon Raking In Local Allies: After Adding Dabur And Shoppers Stop, Forms JV With Ashok Patni Group For Customer Service

Amazon has formed a JV (joint venture) with Ashok Patni Group to strengthen its customer service unit or call centre. The step aims at elevating its brand presence amidst Indian customers by s

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Simple, Successful Marketing Strategies For Entrepreneurs On A Budget

Having participated in building numerous startups, I&rsquo;ve seen many founders spend too much on their marketing efforts out of a perceived need that they have to spend money to make money (

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Dabur Partners With Amazon To Launch Ecommerce Portal For Ayurveda Products

Amazon is leaving no stone unturned to penetrate the Indian ecommerce space. In a recent move, the US-based giant has tied up with Indian FMCG major Dabur India for an online Ayurveda marketpl

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How Design Inspiration Created The New Great Wave Of Designers

Breaking into any field takes time, dedication, and a healthy dose of inspiration. The design industry is no different. Recently I caught up with three designers I&rsquo;ve admired and followe

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ItzCash Parent Ebix Acquires Paul Merchants International Remittance Business For $ 40.7 Mn

ItzCash parent, US-based Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) Business of Paul Merchants Limited, PML. The $40.7 Mn acquisition was done throu

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Travel Nonstop With Electric Cars: Tesla Is Building A New Battery Swapping Robot That Changes A Battery In 15 Minutes

Tesla is aiming to make almost nonstop travel during long road trips possible with electric cars. The company has filed a patent for a new battery swapping robot that can lift a vehicle and ch

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Job Creation? How About Filling 20 Lakh-Plus Vacant Government Posts?

It is a four letter word which punctuates every discourse on the state of the economy. The answer to whether jobs are being created depends on who is asking the question and who is answering i

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Tata Sons investors approve private tag for company; setback for Mistry

Stakeholders of Tata Sons on Wednesday voted to amend the USD 103 billion company&rsquo;s status from a public limited company to a private limited one. &nbsp; Th

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India may pump in Rs 50,000-crore stimulus

&nbsp;India&rsquo;s government is considering a plan to loosen its fiscal deficit target to enable it to spend up to Rs 50,000 crore ($7.7 billion) more to halt an economic slowdown, two gover

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GST Sparks Cost Escalation Fears For Renewable Energy Sector

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" content="The additional financial burden on equipment and accessories after the implementation of the Goods and Services Tax is thr

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Yatra Goes The Venture Debt Way, Gets $15.4 Mn From Innoven Capital

Mumbai-based venture debt fund InnoVen Capital has invested about $15.4 Mn in online travel company Yatra. InnoVen Capital India had previously extended a $4 Mn venture debt facility to Yatra

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Is Aditya Birla Group’s Online Fashion Venture Abof.Com Heading For A Shutdown?

abof.com (aka &ndash; all about fashion), an online fashion platform for apparel, footwear and accessories and a subsidiary of Fortune 500 company Aditya Birla Group is reportedly planning a s

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Swiggy Eyes Expansion Of Cloud Kitchen Business In A Push Against Zomato

Earlier this week, quoting anonymous sources a report stated that Swiggy is in the process of building a new cloud kitchen vertical. In a push against Zomato, the food delivery startup is also

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Cadsys (India) IPO opens on Thursday

HYDERABAD, SEPT 20: &nbsp; Cadsys (India) Ltd, an Information Technology Enabled Services (ITeS) company catering largely to US-based clients, plans to open its initial public o

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Education Catalyst Fund raises $ 20 million funding

NEW DELHI, SEPT 20: &nbsp; Education Catalyst Fund (ECF), which aims at supporting edtech companies in providing solutions to low-income families in education, jobs and liveliho

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’Thyssenkrupp deal to help Tata Steel double capacity’

MUMBAI, SEPT 20: &nbsp; Tata Steel today said its deal with German steel giant Thyssenkrupp to merge their steel operations in Europe in a 50:50 joint venture will help it grow

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How B2B Startup Moglix Is Using Tech To Automate Supply Chain For 200+ Enterprises, 100K SMEs In Manufacturing Industry

&ldquo;In future, instead of buying bananas in a grocery store, you could go, pick them off a tree in a virtual jungle.&rdquo; This statement from a Japanese business executive Yasuhiro Fukush

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East Ventures Launches Indonesia Focused $30 Mn Fund

Singapore-based VC firm East Ventures has launched a $30 Mn investment fund. This is the sixth fund launched by the VC firm. The fund will look for Seed to Series A technology startups in Sout

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Freshworks Launches Freshchat, Messaging Software For Sales And Customer Engagement

Cloud-based business software provider Freshworks (previously, Freshdesk) has launched its latest product, Freshchat, a new product for customer engagement on websites and apps. Freshchat is t

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Airtel Payments Bank Announces UPI Integration; Promises Safe, Instant Digital Payments

Less than 10 months after making its debut, Airtel Payments Bank has bolstered its digital platform with the integration of UPI (i.e. United Payments Interface). The move is aimed at enhancing

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Digital Marketing Startup ICubesWire Launches $3 Mn Innovation Fund For Early Stage Tech Startups

Gurugram-based digital marketing solutions and concept provider iCubesWire has announced a $3 Mn innovation fund to support the growing number of early stage startups in India. Through the Dig

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Stayzilla Saga: NCLT Orders Insolvency Proceedings Against Homestay Aggregator

The National Company Law Tribunal bench in Chennai has ordered the initiation of insolvency proceedings against defunct homestay network StayZilla. The startup became a nationwide sensation in

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Tata Group And Tesco JV Trent To Revamp Its Online Grocery Platform

Online grocery segment is witnessing a great deal of traction these days. The most recent player looking to bet on the sector is Tata Group. As per a recent report, the Tata Group is looking t

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Finance Ministry To Launch Google’s UPI Enabled Mobile Payments App Tez In India

Google&rsquo;s much awaited UPI enabled mobile payments app is finally debuting in India and will be officially launched by the Finance Minister Arun Jaitley in the capital today. The news was

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Zomato Claims To Be Profitable, Introduces Zero Commission For Partner Restaurants

The day has not been over yet and Zomato is back with hitting news headlines once again. In a recent blog post, the foodtech Unicorn announced to introduce zero commission model for the partne

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With Its Userbase In 103 Countries Already, Consumer SaaS Startup Typset Gains $850K Funding

Bengaluru-based consumer SaaS firm Typeset, which provides an academic writing platform for researchers, has raised $850K in a Pre-Series A funding round from Haresh Chawla, a partner at True

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Zarget’s Unit Economics Shows Why Acquisition By Freshworks Was Their Last Ditch Effort

&ldquo;We had never thought of an early exit. We had more than 75% of our funding still left in the bank and more than 36 months runway. So exit was the last thing we had in mind, it just happ

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Counting India And Africa As Key Target Markets, Recruitment Tech Startup Shortlist Raises $1 Mn Funding

Mumbai-headquartered talent management and recruitment startup Shortlist has secured $1 Mn in Seed funding from the US-based private equity firm University Ventures and Indian angel investor S

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Infosys Senior VP Rajagopalan quits; LinkedIn profile says 'free man'

Bengaluru: Infosys Senior Vice President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company&#39;s MD and CEO. In his Linked In profile, Rajag

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India Likely To Be Third Largest Economy By 2028: HSBC Report

India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British broker

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HPCL Says Consolidation With ONGC’s Refining Arm Makes Sense

Government-owned refiner Hindustan Petroleum Corporation Ltd. is open to consolidation with the Mangalore Refinery and Petrochemicals Ltd. after it completes its merger with state-run explorer

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Nifty hits record high

Nifty hits an all-time high on Monday with financial and auto stocks such as Bank of Baroda Ltd and Bajaj Auto Ltd among the top gainers. &nbsp; The broader index

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Forex reserves on BoP basis jump by $11.4 billion in Q1

Mumbai: The forex reserves on the balance of payment basis rose by USD 11.4 billion in the April-June quarter of fiscal 2018, compared to USD 7 billion in the year-ago quarter, according to th

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Flipkart Avails $58.7 Mn Credit Line From Axis Bank To Maintain Steady Cashflow

According to RoC filings, Axis Bank has extended about $58.7 Mn (INR 375 Cr) working capital credit line to Flipkart India Pvt. Ltd. The filings also show that the company had p

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With A Target To Raise $4.83 Bn, Karnataka Becomes First State To Roll Out Electric Vehicle And Energy Storage Policy

The Karnataka state government, in its efforts to become the Electric Vehicle Capital Of India, has approved the state&rsquo;s Electric Vehicle and Energy Storage Policy 2017. The initiative i

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Maruti Suzuki Commits $600 Mn For A New Electric Vehicle Manufacturing Factory In Gujarat

A lot has been happening in the country&rsquo;s electric vehicle space. Tata Motors is looking to revamp Nano as an EV, in a bid to boost sales. Mahindra Group, on the other hand, is preparing

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After 11 Years Of Bootstrapping Fintech Firm HighRadius Raises $50 Mn To Fuel Its Global Expansion Plans

AI-based fintech firm HighRadius, which provides cloud-based Integrated Receivables software, has raised $50 Mn in a growth funding. The investment was led by US-based PE firm Susquehanna Grow

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Kerala Plans To Launch A $78 Mn Fund Of Funds Via KSUM To Support Startups

The Kerala government is looking to create a fund of funds for startups. The government is also planning to invite investors to back young companies based in the state. Saji Gopinath, Chief Ex

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OYO Gets $10 Mn From Chinese Hotel Franchisor China Lodging Group

Just a week after raising $250 Mn in a Series D funding round led by SoftBank, budget hotel booking marketplace OYO has raised $10 Mn from China Lodging Group Limited. The Gurug

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Netherland Based Venture Fund Rising Stars, Others Back Edtech Startup XPrep

Delhi-based edtech platform XPrep has raised an undisclosed amount of funding from Netherland-based venture fund Rising Stars. The round also saw participation from Manish Amin (co-founder &am

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Lodha Group Launches Palava Accelerator In Association With Zone Startups India

Real estate firm Lodha Group, in association with Mumbai based Zone Startups India (ZSI), has launched the Palava Accelerator. The programme will provide a testing ground to emerging technolog

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Hindalco plans to prepay Rs 1,100 crore debt this month

Mumbai: Hindalco Industries, an Aditya Birla Group company, plans to prepay another Rs 1,100-crore debt this month to further deleverage its balance sheet. &nbsp;

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Centre makes Rs 1.6 trillion more on fuel

Hyderabad: Despite crude oil prices falling internationally, the Centre has collected over Rs 1.6 lakh crore (Rs 1.6 trillion) in additional excise duty last year, a study of fuel consumption

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Edtech Startup Unacademy Raises $11.5 Mn In Series B Funding Led By Sequoia India, SAIF Partners

Bengaluru-based edtech startup Unacademy has raised $11.5 Mn in its Series B round of funding led by Sequoia India and SAIF Partners. Existing investors and angels including Nexus Venture Part

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Early Stage Investment Firm Kae Capital Closes Second VC Fund At $53 Mn; Looks To Back Non-Tech Consumer Startups

Mumbai-based early stage investment firm Kae Capital has reportedly closed its second VC fund at $53 Mn, a 32.5% increase from the estimated $40 Mn. According to sources, around 40% of the fun

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Zomato Acquires Runnr To Boost Food Delivery

In a recent blogpost, Zomato founder and CEO Deepinder Goyal has confirmed that the foodtech startup has acquired Bengaluru-based Runnr. Runnr is a B2B online service provider platform for hyp

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Uber Launches Uber India Support Centre In Bengaluru, And Accidental Insurance For Its Driver-Partners

One of the leading cab aggregator platforms, Uber India, today, launched 15,000sqft Uber India support centre at WTR, Bengaluru, the city where it first started with its operations in India. I

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Banking On Millennials And Video, Zilingo Lands $17 Mn In Series B Funding To Capture Southeast Asia's Fashion Market

Southeast Asian fashion marketplace Zilingo has raised $17 Mn in Series B funding round. The investment was led by Sequoia Capital India &amp; Burda Principal Investments. &nbsp

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India's Most Viral Content Marketing Site WittyFeed Raises Pre Series A Funding From Anand Chandrasekaran, Others

Content marketing platform WittyFeed has raised an undisclosed amount of funding in a Pre Series A round from a group of &nbsp;marquee investors including Anand Chandrasekaran, former Snapdeal

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Mobile Parking Startup Get My Parking Secures $3 Mn In Series A Funding From IAN, Others

Cloud-based mobile parking startup Get My Parking has secured Series A funding of $3 Mn. The investment in Delhi and Bengaluru headquartered startup was led by IAN Fund, BEENEXT and Indian Ang

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Accelerator Group Launches $25 Mn Fund For Women Entrepreneurs At TiE Global's AIRSWEEE

In order to uplift women&rsquo;s entrepreneurial spirit in India, Accelerator Group LLC an investment banking and knowledge services firm with offices in US and India has announced a $25 Mn ea

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2500 Indians Invest In Bitcoins Daily: Blockchain President Nic Cary

Software platform for cryptocurrency Blockchain has entered the Indian market, in partnership with Unocoin. The partnership will allow individuals in India to seamlessly and quickly fund their

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Can Amazon Tap The Next Billion With The India Launch Of Echo And Alexa This Diwali?

The next billion Internet users are going to be very different from the first billion, pointed out a Wall Street Journal story earlier this month. They almost portend the end of typing given t

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Ecom Express Gets $30 Mn From Warburg Pincus To Bolster Logistics

Delhi-based logistics solution provider Ecom Express has raised $30 Mn (INR 192 Cr) from existing investor Warburg Pincus. &nbsp; The investment was done through

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EarlySalary Gets $782K Debt Financing From IFMR Capital

Pune-based fintech startup EarlySalary has raised $782K debt financing from IFMR Capital. Earlier this year in May 2017, EarlySalary had raised $4 Mn Series A funding from IDG Ventures India (

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Glacial pace of revamping PSBs worrisome: RBI

MUMBAI, SEPTEMBER 7: &nbsp; The glacial pace at which the restoration of public sector bank health is happening is worrisome, according to Viral Acharya, Deputy Governor, Reserv

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Morgan Stanley hints at big money flow

Mumbai: With equity mutual funds schemes raking in a record inflows in August 2017 and other sources of institutional funds such as National Pension Scheme (NPS) and Employees Provi-dent Fund

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SEBI reduces fine on PACL to ₹2,423 crore

MUMBAI, SEPTEMBER 7: &nbsp; SEBI on Thursday reduced its fine on PACL and its promoters by 66 per cent to ₹2,423 crore, but even this sum represents the highest penalty slapped

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OYO raises $250 m from SoftBank

MUMBAI, SEPTEMBER 7: &nbsp; Hospitality company OYO has raised $250 million (₹1,600 crore) in a fresh financing round led by SoftBank. &nbsp; Exist

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BSNL expects to roll out 5G service trials by March 2018

New Delhi: The state-owned telecom firm BSNL expects to start field trial of 5G services by the end of this financial year, company&#39;s chairman and MD Anupam Shrivastava said on Wednesday.<

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Transition of Fino to payments bank has been smooth, says MD

MUMBAI, SEPTEMBER 6: &nbsp; It has been a little less than two months since the launch of Fino Payments Bank and Rishi Gupta, the bank&rsquo;s Managing Director and CEO, sounds

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Reliance Ind acquires Kemrock in auction-sale by banks

MUMBAI, SEPTEMBER 6: &nbsp; Billionaire Mukesh Ambani&rsquo;s Reliance Industries has bought over distressed bank assets of Vadodara-based Kemrock Industries and Exports Ltd, a

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Volkswagen is bringing back the microbus in 2022 - here's what we know

The new microbus is part of Volkswagen&#39;s goal to release 30 electric or hybrid vehicle models by 2025, an aim made in response to the Volkswagen emissions scandal. Volkswagen has said it w

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Government Selects 60 Startup Proposals To Support Through $15.5 Mn North East Venture Fund

The Indian government is looking to encourage entrepreneurship in the Northeast region. A recent report stated that the North East Venture Fund offered by the Ministry of Development of North-

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Mazkara Internet Acquires BazingaLabs To Bolster Fabogo

Pune-based consumer internet startup Mazkara Internet has acquired Mumbai-based BazingaLabs. The move was in a bid to increase the company&rsquo;s focus on mobile technology, especially for it

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Online Printing Platform Printo Acquires Delhi Based Rival The Print Bazaar

Bengaluru-based printing retail startup Printo has reportedly acquired Delhi-based rival Print Retail India in an all-stock deal. Print Retail India owns and operates The Print Bazaar. Post-ac

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PNB Housing Finance to raise up to Rs 1,000 cr via bonds

New Delhi: PNB Housing Finance plans to raise up to Rs 1,000 crore by issuing bonds on a private placement basis. &nbsp; The company will issue secured redeemable

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Mercedes expects govt support on taxation to boost production,

Chennai: Flagging concerns over the proposed hike in GST on luxury cars, German auto-maker Mercedes Benz has said it was eager to increase its output and headcount from the country if the gove

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Finance Ministry writes to heads of PSU banks on consolidation

New Delhi: The finance ministry has written letters to all heads of PSU lenders informing them the government&#39;s decision to set up a ministerial panel to facilitate consolidation in the pu

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Equity MFs fare slightly better than indices

Mumbai: While the equity-oriented mutual fund schemes have managed to outperform their benchmark indices over the past one year, the margin of outperformance is just marginal in the range of 1

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Markets shake off slow GDP growth; Sensex rises 71 points

Mumbai: The benchmark BSE Sensex gained over 71 points to 31,801.80 in early trade on continued buying by domestic institutional investors despite weak economic growth data for the June quarte

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McDonald's not for settlement with Bakshi; NCLAT issues notices

Mumbai: US-based fast food major McDonald&#39;s on Wednesday ruled out any settlement with its estranged Indian partner Vikram Bakshi for north and east regions before the National Company Law

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Edtech startup Kings Learning raises $2.5M from Michael & Susan Dell Foundation, others

Bengaluru-based Kings Learning on Thursday announced that it has raised $2.5 million from Michael and Susan Dell Foundation, Village Capital, along with other US-based tech investors. <

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DSG Consumer Partners Announces Final Close Of Second VC Fund At $50 Mn

Early-stage venture capital firm DSG Consumer Partners (DSGCP) has announced the infusion of an additional $10 Mn (INR 63 Cr) in its second VC fund, DSGCP II, which backs consumer startups in

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Fintech Valley Vizag Launches Accelerator, Blockchain Conference

Andhra Pradesh government&rsquo;s FinTech Valley Vizag, a sustainable global fintech ecosystem, has partnered with KPMG to develop a high potential fintech ecosystem in Vizag. With this partne

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Ola Partners With YuppTV; Looks To Integrate Live TV In Its Entertainment Platform Ola Play

Home-bred cab aggregator Ola has joined hands with TV streaming app YuppTV to offer live TV options to users on its in-car entertainment platform, Ola Play. As a result of the partnership, Ola

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Tech30 startup Oriano Solar all set to power 120 MWp of projects, sees $25M revenue

They were Oriano Solar had made it to the much-anticipated list of Tech30 companies at TechSparks 2016 because of the founder-trio&rsquo;s fierce commitment to solar energy even when the odds

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FinTech In Spotlight: OMA Emirates Group Announces $23 Mn Fund For Indian FinTech Startups

OMA Emirates Group has announced the creation of the OMA Emirates FinTech Fund. &nbsp;The OMA Emirates Fintech Fund will have a corpus of $23 Mn. The fund looks to first focus on digital payme

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SaaS Based Business Software Provider Freshworks Acquires Zarget

SaaS based business software provider Freshworks has made its ninth acquisition in two years with marketing software startup, Zarget. Chennai-based Zarget, a software developer that provides m

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JSW Steel in talks with Cevital to acquire mill for $100 mn

New Delhi: Sajjan Jindal-owned JSW Steel is in talks with Algeria&#39;s Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, a source said on Monday. &nb

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RBI to bring back all new Rs 1,000 note: reports

Mumbai: After rolling out new Rs 200 and Rs 50 notes, the Reserve Bank will soon be re-introducing the Rs 1,000 note that was demonetized in 2016. &nbsp; Accordin

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Matrix Partners and Tiger Global-backed Razorpay takes the pain out of digital payments

Circa 2013. E-commerce was coming of age in India. But accepting payments online was still not easy. Registering with payment gateways took months. Technical integration at the merchant&rsquo;

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New edition of consolidated FDI policy report to come out soon

New Delhi: The Commerce and Industry Ministry will soon release the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year, a senior offici

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Air India puts key properties for sale, aims to net at least Rs 500 crore

Mumbai: Air India has put up for sale as many as 27 flats besides several residential and commercial land plots as well as office buildings across the country as part of its snail-paced asset

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LIC trims stake in Tata Global Beverages to 5.67 per cent

New Delhi: State-owned Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent by selling 2.03 stake in open market.

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Asia Index launches S&P BSE Bharat 22 index

Mumbai: Asia Index Private Ltd on Tuesday announced the launch of S&amp;P BSE Bharat 22 Index to track the performance of select state-run companies in which the central government has diveste

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Focus on small businesses to drive manufacturing: Mahindra

Mumbai: Asserting that domestic manufacturing has not lost its mojo, business leader Anand Mahindra has said &quot;a new round of boom is upon us,&quot; and sought increased public policy focu

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14 B2B startups make it to Microsoft Accelerator’s 11th cohort

Banking on India&rsquo;s entrepreneurial energy, the tech giant aims to help late-stage startups enhance their enterprise readiness and go-to-market (GTM) activities. &nbsp;</di

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Tata Motors took unanimous decision to stop Nano: Cyrus Mistry

New Delhi: Ousted Tata Sons chairman Cyrus Mistry on Tuesday said Tata Motors had taken a unanimous decision to discontinue production of loss-making Nano almost a year back, which however con

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HDFC Bank launches all-in-one DigiPoS machines

Mumbai: HDFC Bank, the largest merchant payment acquirer with over 40 per cent market share, on Tuesday launched an all-in-one offering, DigiPoS Machine, that offers a complete suite of digita

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SBI chief says mergers can reduce PSBs' need for govt capital

Mumbai: State Bank chairman Arundhati Bhattacharya on Wednesday called for more consolidation among the public sector banks, saying this could reduce their dependence on government for capital

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PPA renegotiation by state discoms to impact RE sector: ICRA

Mumbai: The recent attempts by the state discoms in Andhra Pradesh, Karnataka and Uttar Pradesh to renegotiate or cancel signed PPAs with wind and solar power developers are likely to have an

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Essar Group says non-compete clause with Rosneft only for 3yrs

Mumbai: The Russian oil giant Rosneft, which on Monday completed a USD 12.9 billion takeover of Essar Oil along with a consortium of investors, said the transaction involves a non-compete clau

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Capital Float raises $45M in Series C, takes total funds raised in the past year to $112M

On Monday, Bengaluru-based Capital Float announced that it had raised $45 million (Rs 293 crore) in Series-C funding, in a round led by Silicon Valley-based Ribbit Capital, along with particip

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Traders who accept payment via BHIM to get cashback till March 31

New Delhi: The government has extended till March a cash back scheme that offers incentives of up to Rs 1,000 to merchants for accepting payments through the BHIM application. &

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Honda Cars gets green nod for Rs 1,577-crore expansion project

New Delhi: Honda Cars has received the environment clearance for a Rs 1,577-crore expansion project at its Tapukara plant in Rajasthan. &nbsp; Honda Cars India Lt

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HomeLane aims to break even in 6 months with cost control and better unit economics

The Bengaluru-based home solutions provider has taken the offline marketing and the franchise model route, among other measures, to drive better unit economics and profitability.

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Outsized ambition: connecting financial services clients with right experts for faster growth

This Mumbai-based boutique consulting firm helps companies in emerging markets improve their performance by scoping out their projects and finding the best experts for them&nbsp;

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PM Narendra Modi meets startup entrepreneurs, here is what the objective was

When Prime Minister Narendra Modi met over 200 entrepreneurs of start-ups on Thursday, only ideas were exchanged. The obejective: To see how technology could be better used to deliver services

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Tech Mahindra Has The Highest Pay Gap Among Nifty Companies

The gap between salaries of the top-most executive and the average employee is the highest at information technology firm Tech Mahindra Ltd. and the least for state-run miner Coal India.

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HDFC Bank cuts savings account interest rate by 0.5 per cent

New Delhi: Private sector lender HDFC Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits up to Rs 50 lakh. However, the bank will continue t

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Sony not to hike price post GST

Kolkata: Electronics major Sony India on Thursday said it was not considering hike in prices of its products post GST to retain its growth momentum. &nbsp; &quot;

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Cogoport bets on customer centricity to disrupt the logistics industry

The Mumbai-based online logistics platform uses a complex algorithm to throw up the best ocean and air freight rates for customers, which allows them to compare prices and book shipments as we

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Singles take heart: Without much hassle, ZiffyHomes will help you find a decent place to live

When I ask him what he aspired to be while growing up, Patna-born Sanchal Ranjan says, &ldquo;Coming from a middle-class family there was always this aspiration to do well in studies and event

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FinMin warns state-run GIs on mounting group mediclaim losses

Mumbai: The finance ministry has come down heavily on the state-owned general insurers for running their group health insurance business in perennial losses.&nbsp; &nbsp;

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Trai proposes changes in MNP rules to curb request rejection

New Delhi: To curb rejection of mobile number portability requests, telecom regulator Trai on Wednesday proposed to enhance roll of MNP clearing house which will have all the details of subscr

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4 IIT-Kanpur graduates start Pariksha to help students ace the placement test

Campus placements, written tests, interviews, they all add up to a testing time for students until they have a job offer in hand. Those who have been through the placement grind know what it t

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Cuberoot is helping companies leverage the power of data to fast-track business growth

Six years ago, Flipkart began a wonderful journey. Its engineers began building their own cloud-based systems and indigenous applications. They also built a customer insights technology that e

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BSNL seeks 2-year extension for mobile licence validity

New Delhi: After MTNL, state-owned Bharat Sanchar Nigam Ltd (BSNL) has written to the government to extend the validity of its cellular licence and spectrum for two more years till 2022, accor

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Winners of #BuildOnIndiaStack to get mentorship from Nandan Nilekani

On Monday, #BuildOnIndiaStack, a recently launched venture-pitch competition announced &lsquo;Think Time&rsquo;, a mentorship session with technology evangelist, Nandan Nilekani.

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LyncBiz wants to be the bridge that links Indian startups to the world

A decade ago, multibillion-dollar Japanese automaker Nissan Motor Company came to India through a master franchisee, which studied the market on behalf of the company and set up the entire dea

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CCI rejects complaint against Tata Housing Development

New Delhi: The Competition Commission has dismissed allegations of abuse of dominant position against realty firm Tata Housing Development Co Ltd (THDCL) with regard to sale of a flat in Pune.

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HMSI to pump in Rs 1,600 crore this fiscal to expand operations

New Delhi: Honda Motorcycle &amp; Scooter India (HMSI) aims to invest Rs 1,600 crore during the current fiscal as it looks to introduce new models and expand operations. &nbsp;<

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Much UDo about everything: App offers an expert-backed answer to every question

Hyderabad-based UDo invites people to seek real-time solutions from experts instead of turning to a search engine. With 9,000 downloads, the startup is eyeing revenues of $6 million by 2019.</

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Electrocraft Industries is helping SMEs manufacture better with quality components

Mumbai-based manufacturing startup helps small businesses stay on top of their game by innovating with superior components such as precision machine parts, power press tools and special purpos

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How Kalyani Studio is creating a new segment within the design and engineering industry

There was one thing 27-year-old Viraj Kalyani was always absolutely certain of &ndash; starting up. Viraj, the Executive Director of Kalyani Forge, is the nephew of Baba Kalyani, Chairman and

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This two-minute video reminds women that their dreams are worth pursuing

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Get debit card for just Rs 99 with Kotak Mahindra's new offer

New Delhi: Private sector Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance

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Amazon takes Titan to the US as part of Global Selling programme

Amazon India has announced a partnership with Titan watches, helping the latter foray into the US through its Global Selling programme. With this development, Titan will be available

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IRDAI working with govt to create a simple platform for KYC

Mumbai: Insurance Regulatory and Development Authority of India (IRDAI) on Monday said though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is

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DGCA meets air operators to discuss upcoming ICAO audit

Mumbai: The officials of the Directorate General of Civil Aviation (DGCA) on Monday held a meeting with air operators here to discuss their preparedness for the ICAO audit scheduled to be held

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From Mazkara to Fabogo, glam-tech startup bets high on organic user acquisition

Glam-tech startup Mazkara was launched in March 2015 by Prasanjeet Roy and Mohammad Ali Akmal. The beauty and wellness aggregator began operations in Dubai in May 2015 and entered the Indian m

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Flipkart gives financial assistance to employees to pursue passion

E-commerce market leader Flipkart has launched a financial assistance programme to help its employees participate in any national or international challenge pertaining to their field of intere

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12 PSU banks firming plans to raise funds from markets

New Delhi: As many as 12 public sector banks including PNB, Bank of India and Indian Bank have lined up plans for raising funds from markets to shore up their capital base to meet global risk

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Swiss say India's data security laws 'adequate' for auto-sharing banking info

New Delhi/Berne: Switzerland found India&#39;s data security and confidentiality laws &quot;adequate&quot; for entering into an automatic exchange of information pact, which will open a contin

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The Silver Lining: Ensuring health and wellness with holistic healing

The Delhi-based startup provides alternative healing therapies, focusing on mind, body and relationships to ensure overall well-being. &nbsp; From the time he was

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Tech startup Artelus is wielding the power of AI to transform healthcare in India

India is infamous as the diabetes capital of the world. Data from World Health Organisation (WHO) shows that 69.2 million of India&rsquo;s population suffers from diabetes, and patients with d

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ONGC completes Rs 7.7,000 crore acquisition of GSPC

New Delhi: India&#39;s largest oil and gas producer ONGC said today it has completed the Rs 7,738 crore acquisition of 80 per cent stake in Gujarat State Petroleum Corp&#39;s KG basin gas bloc

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MobiKwik raises Rs 225cr from Bajaj Finance to launch its first lending product

On Thursday, One MobiKwik Systems Private Ltd, which owns MobiKwik wallet, announced that it had raised Rs 225 crore from NBFC Bajaj Finance Ltd, for 10.83 percent equity in the company.

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NPCI reaches the landmark of 1 billion monthly transactions in July

The National Payments Corporation of India (NPCI), the umbrella organisation for retail payments systems in the country, reached the landmark of one billion monthly transactions across all its

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Bad loan resolution to start shortly, RBI to take up more

New Delhi: The process of resolution of bad loans will start shortly, Finance Minister Arun Jaitley said on Thursday in the Lok Sabha as it passed a bill which gives RBI the power to direct ba

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Reliance Jio tops TRAI's list as fastest 4G operator

New Delhi: Reliance Jio has topped the charts again as the fastest 4G services provider by registering average download speed of over 18 megabit per second in June, as per data published by te

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AI, machine learning to impact workplace practices in India: Adobe

Over 60 percent of marketers in India believe new-age technologies are going to impact their workplace practices and consider it the next big disruptor in the industry, a new report said on Th

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Tech Sparks 2017: SaaS is now moving to verticals to script success stories across India

Sridhar Vembu, the Co-founder of Zoho, recently shook the world of cloud services with an aggressive pricing of Rs 1,000 per month per person for a suite of apps called ZohoOne. The suite make

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Nifty ends lower post RBI rate cut