///Daily start-up and funding news from India and around the world – 18th May 2017

Daily start-up and funding news from India and around the world – 18th May 2017

Here’s your daily dose of start-up and funding news from India and around the world – 18th May ‘17

India startup #news:
• 17 million users records stolen from Zomato; No payment info compromised
• Ola restricts SoftBank rights, strengthens those of founders; Ola sharpens focus on small towns with new lightweight mobile website
• PaySense, a digital credit platform, has raised $5.3 million in its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners
• Jasper Infotech puts Rs 22 crore more into FreeCharge wallet
• Food-tech startup Eatonomist shuts down, founder joins UberEATS
• PumpKart closed a Seed funding round from Dr. Ritesh Malik, founder of Innov8 and Project Guerrilla
• Online luxury tea brand The Good Life Company has secured $1 Mn in Seed funding from husband-wife duo Ayesha Takia Azmi and Abu Farhan Azmi
• Shoppers Stop to build stronger online presence driven by private labels
• PE firm Cerestra Advisors has acquired the assets of a south India-based educational institution
• Warburg Pincus has sold a 25% stake in Capital First to a bunch of local and foreign investors including GIC
• BSNL has reportedly signed agreements with Facebook, Mobikwik, and Disneyland India to commemorate World Telecommunication and Information Society Day

Fund News:
• Honeywell launched a $100 million investment fund on Wednesday that will focus on technology startups

Around the world:
• Hong Kong’s Qupital raises $2M led by Alibaba to finance invoice loans for SMES
• Tencent reports best quarter ever with quarterly revenue of US$7.2 bn and net income of US$2.1 bn, thanks to mobile games
• Google I/O updates :
o Google to launch a jobs search engine in the U.S.
o Google’s Instant Apps are now generally available to all Android developers
o Google Lens will let smartphone cameras recognizes what they see & take action
o Gmail gets Inbox-like smart replies on its Android & iOS app
o Google Assistant is coming to iPhones
o Google helps developers tap consumers in smaller cities via progressive web apps
o Google’s TensorFlow Lite brings machine learning to Android devices
o Google partners with HTC, Lenovo for new standalone VR headset platform

2018-07-29T02:30:58+00:00

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.