Startup news – 6th June ‘17 | BHIVE WORKSPACE

India startup #news:

• BHIVE Workspace has raised $1.2 Mn in a fresh round of funding led by Blume Ventures, actor-director Ramesh Aravind, Meera Reddy (MD of SKCL), and other high net-worth individuals.

• MobiKwik scraps cashbacks; eyes acquisitions in lending space
• Accel-backed personal assistant app Mihup halts operations
• Spinny raises $1M from Blume Ventures, Indian Angel Network & others
• Ftcash raises funds from 500 Startups
• DEN & Snapdeal parent Jasper sell their entire stake in TV shopping JV for Rs. 10 Lakhs
• Aasaanjobs, has acquired Noida-based mHire
• Alibaba Pictures has reportedly acquired a majority stake in Chennai-based TicketNew for an undisclosed amount
• Walmart to rope in its own employees for last mile delivery; Begins testing associate delivery
• Quiklo which provides loans to students for buying consumer durables such as phones and laptops, has launched an education finance service

• Healthbuds.in has raised an undisclosed amount from Kolkata-based angel investors Arun Patodia and Bharat Kedia
• London- and India-based FinTech platform MaxMyWealth, has raised an undisclosed amount from Global Advisors and diversified investment company Horseferry
• Hungry Foal, a for-profit social venture has raised an undisclosed amount of debt from State Bank of India under the Stand up India Scheme
• Myntra inks deals with women’s wear brands Chemistry, AKS
• Google deepens engagement with Indian startups via Sand Hill programme Google is working with a bunch of “high growth“ ventures in India as part of a global programme to mentor and deepen its technical engagement with the potentia
• Trai launches three apps for tracking call and data quality, namely Trai MyCall App, auto test enabled MySpeed app and Do-not-disturb 2.0 app

• Bharti Airtel in talks with Google for WiFi hotspots
• Orkut Buyukkokten’s social networking venture Hello gets 10,000 users in India in 2 weeks
• TheBagTalk has raised Rs 50 lakhs from an unnamed Chinese HNI in its first round of institutional funding to set up operations in China with offices in Guangzhou and Yiwu