Start-up news from India and around the world | Daily round up

By Published On: June 6th, 2017Categories: Articles, News1.8 min read
start-up news from India

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

• 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

Around the world:
• Apple debuts HomePod speaker to take on Amazon & Google
• Apple Pay is soon launching person-to-person payments
• Clustree grabs $7.9 million for its AI-powered recruitment service
• Snap acquires Placed to prove geofilters drive store visits

Share This Blog, Choose Your Platform!

funding news from IndiaFunding news from India and around the world - Daily Digest
india startup newsStartup news from India and around the world - Daily - 7th June 2017