Category Archives: News


2017: A lucky year for startups?

Startups nail it yet again… As biggies like Ola and Flipkart raise funds from investors, the world of startups continues to bring more good news. 2017 seems to be a lucky year in the startup history. As per a recent report by Financial Times, funding in the startup galaxy has increased to more than $8.9…
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Flipkart plans to infuse $500 million funding in PhonePe

Flipkart ready to take on Paytm. Flipkart, online retail major has committed $500 million to PhonePe, its payment arm. This move comes as an effort to take on Paytm, its Noida-based rival. The first tranche of $180-200 million is expected to come in by December-January, according to Sameer Nigam, PhonePe’s chief executive. Salient points of…
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StanPlus raises $1.1 million funding led by Kalaari

Fund to augment operations, expansion and innovations StanPlus, a Hyderabad based medical transportation startup secured a funding of $1.1 million seed funding for a minority stake, according to a press statement. This fund will help continue its aggressive scale-up in the rapidly growing medical transportation industry in India. The latest round of investment is being…
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Ola raises $1.1 billion led by Tencent

Ola looks to get another $1 billion Ola, India’s largest ride-hailing application has recently closed a $1.1 billion round of financing, led by Tencent, a Chinese internet conglomerate. Salient points of the story: . Ola said that it is in “advanced talks with other investors to close an additional $1 billion as part of the…
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UC Berkeley sets up Smart City co-innovation lab

Smart City project gets yet another kick! The University of California (Berkeley) plans to set up a smart city co-innovation lab in New Delhi. This move is aimed at providing an accelerator program for young entrepreneurs. Here are the salient features in a nutshell: . The accelerator lab will be launched in India in collaboration…
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Another harassment for Uber!

Uber faces another setback! Travis Kalanick hits the headlines once again. Although Uber has been expanding its empire at the national level, yet globally it seems to be at a loss. As per a recent report by Bloomberg, the startup and its ex-CEO were sued by investors for scandal-related losses. Here are the salient features…
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