Daily start-up and funding news from India and around the world
News from India and around the world | BHIVE Workspace.
25th Apr ‘17
India startup #news:
• Paytm Mall offers same-day delivery, installation of big appliances
• MakeMyTrip may invest in FabHotels, after talks with Treebo fail
• Snapdeal to slash office space by over 60%
• PwC is launching PwC Insights as a Service (PIAS), a new model that will allow more customers to access advanced analytics and data science capabilities at a lowered cost
• Carnation Auto has mandated BMR Advisors to scout for fresh investors
• Jolt for Ola as SBI decides to stop disbursing loans to drivers in Bengaluru
• Reliance Trends readies for debut on Amazon, Flipkart to expand reach
• Home services startup Frapperz to get $400K from existing investors Shiva Gunapu and Sirish Tarumani
• Temasek, Warburg Pincus-controlled NBFCs get debt funding from IFC
• Maharashtra has mandated Axis Bank, IDFC Bank, Yes Bank and Saraswat Bank to digitise over 51,363 fair price shops in the state where these lenders would put up micro ATMs which would act as mobile banks
Fund News:
• Cisco Investments and Eight Roads Ventures have announced their investments in SeedPlus, a seed-stage venture fund which was launched by Jungle Ventures in 2015, overshooting their target of SGD25mn
• Boutique investment bank Moelis & Co plans to expand in India to tap into M&A boom
Around the world:
• LinkedIn claims to now have 500 million users globally
• Data management startup Rubrik is raising up to $200M on a $1B valuation
• Delivery Hero could consider an initial public offering (IPO) to raise capital so it can face competition from the likes of UberEats etc
• Samsung’s new app uses emojis to help people with language disorders communicate
