///Daily start-up news from India and around the world – 7th June 2017

Daily start-up news from India and around the world – 7th June 2017

Here’s your daily dose of start-up news from India and around the world – 7th June ‘17

India startup #news:
Freshdesk rebrands as Freshworks that brings together the company’s growing suite of business software
Flipkart Ads aims to be a $100m business by 2018 end
Myntra ropes in former Amazon exec Jeyandran Venugopal as CTO
• Health and fitness discovery platform Growfitter has raised $600K in a Pre-Series A round of funding from San Francisco-based VC SQue Capital
• Online lending platform ZipLoan, has raised $650K in its pre-Series A funding round led by WaterBridge Ventures,
• Data management company Riversand Technologies has raised $35 Mn Series A funding led by Crestline Investors
Takshila Learning is on the verge of raising about $10 million in an early funding round
NPCI may ask banks not to charge for payments made through UPI
EPFO extends deadline for submitting Aadhaar to June 30
• Reliance Retail’s LYF slumps as rivals grab market share
Aditya Birla Group is reportedly planning to launch its payments bank by year-end through the newly formed Aditya Birla Financial Services

Funding news:
• Warburg Pincus commits $300M to Telecom and Tech
• Lightbox may raise new fund of $100 million next year; Lightbox plans to invest in eight to 10 start-ups from its current fund over the next 12-18 months before launching a new fund
• NetApp launches its first startup accelerator in Bengaluru

Around the world:
• Pinterest raises $150M valuing company at $12.3Bn
• Rocket Internet’s Delivery Hero plans a $500M IPO
• Grab to seek funds, eyes fintech business
• Uber fires 20 employees after harassment probe

2017-06-07T14:51:40+00:00

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