BHIVE Startup news digest – 7th April 2017

By Published On: April 7th, 2017Categories: News1.7 min read

BHIVE Workspace. Here’s a round-up by BHIVE of startup news from around the world. Find out what’s happening in the start-up world today.

India startup news:

• Paytm invests in health tech platform QorQl; QorQl will form a part of Paytm’s merchant network for enabling digital payments to healthcare practitioners signed up with the platform
• Practo lays off 150 employees as part of annual performance cycle
• Ola to turn profitable in two years, says co-founder Bhavish Aggarwal
• Nazara Games to launch IPL cricket mobile game featuring Kohli
• Goibibo to foray into alternative accommodation segment
• Snapdeal partners Andhra Pradesh, UC Berkeley for smart village project
• offers $8.4M grants to 4 Indian NGOs offering tech-based learning solutions – like Pratham Books StoryWeaver ($3.6 million), Pratham Education Foundation ($3.1 million), Million Sparks Foundation ($1.2 million) and Learning Equality ($500,000)
• FalconBrick gets Rs 4 crore from a clutch of Kolkata-based real estate players and foreign, domestic investors
• Reliance Group’s Unlimit & Cumulocity launch IoT solutions platform Enablement
• Crowdfunding platform Catapooolt acquired by DesiredWings
• MakeMyTrip launching #BackToFuture programme for women technologists to get back to work
• YouWeCan Ventures has invested an undisclosed amount in Gurugram-based Startup Buddy

Fund News:
• Apax Partners will be looking to invest at least a billion dollars in India over the next four years as the world’s fastest-expanding major economy has emerged among the top investment destinations for the European private equity major, powering its returns globally.

Around the world:
• Twitter co-founder Ev Williams to sell some of his shares citing personal reasons; Twitter sues US govt after refusing order to reveal user behind anti-Trump account
• Apple aims for more control, less cost as it accelerates in chip design
• YouTube channels can now monetize only after reaching 10k views
• Jeff Bezos sells $1 billion a year in Amazon stock to fund his rocket venture
• Elevate Credit pulls off lending IPO

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