Start-up news and funding today – 18th Apr ‘17
18th Apr ‘17 – Here’s your daily dose of start-up and funding news from around the world by BHIVE Workspace.
India startup #news:
• Dentsu Aegis Network has acquired SVG Media in an all-cash transaction for $110-$125 million
• Whodat, an augmented reality (AR) platform, has raised $600,000 (approximately Rs 3.86 crore) from Ideaspring Capital
• Cyber-security solutions provider Innefu Labs has raised $2 million in a series A round of funding from venture capital fund IndiaNivesh
• Hopscotch.in, is in advanced talks to raise $20 million in a Series D round of funding from new investor IIFL Seed Ventures Fund
• Absentia raises Rs 8 Cr from Exfinity VP, V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe; Absentia is using the funds to build Norah AI, an artificial intelligence engine that can create interactive content for games with minimal human intervention
• Sun telematics, which recently launched a transport platform, DRIVE, which digitises the entire process of transportation from dispatch to billing for all domestic road transport operations is in talks to raise $2M funding
• Delhi High Court bars unions from disrupting Uber & Ola operations
• Amazon to double investment on seller infrastructure in India
• MapmyIndia acquires Vidteq to build next gen video maps
• Dabur’s new initiative, called Ask Dabur, is inspired by Alibaba’s AliHealth, a popular site for Chinese traditional medicines and online health consultancy
Fund News:
• YourNest has appointed Sharad Sharma of iSPIRT, Ashish Gupta, founder of Evalueserve & Benori Ventures as well as Professor Rishikesha Krishnan, Director at IIM-Indore to its advisory board
• Procter & Gamble to spend $100m for Singapore innovation center
• 50K Ventures has set aside $1 million to invest in startups from emerging technologies such as artificial intelligence, machine learning, augmented reality, virtual reality, blockchain and IoT
• GAN member India Accelerator to launch incubation programme this month
Around the world:
• Google to open up Android to rivals in out-of-court deal with Russia
• Netflix growth misses mark despite strong earning numbers; Netflix on the verge of hitting 100 million subscribers
• Cloudera expects market cap to be less than half private valuation
• Uber’s VP of global vehicle programs Sherif Marakby quits
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