Start-up and funding daily news from India and around the world

By Published On: May 18th, 2017Categories: Articles, News1.6 min read
start-up and funding

Daily dose of funding news – 18th May ‘17 | BHIVE Workspace

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 :
Google to launch a jobs search engine in the U.S.
Instant Apps are now generally available to all Android developers
Lens will let smartphone cameras recognizes what they see & take action
Gmail gets Inbox-like smart replies on its Android & iOS app
GAssistant is coming to iPhones
Google helps developers tap consumers in smaller cities via progressive web apps
TensorFlow Lite brings machine learning to Android devices
Partners with HTC, Lenovo for new standalone VR headset platform

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