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