Daily Digest – Start-up and funding news – 31st May 2017

By Published On: May 31st, 2017Categories: Articles, News1.3 min read
daily digest

Here’s your digest of start-up and funding news from India and around the world: 31st May ‘17 BHIVE Workspace

India startup #news:
• Flipkart’s chief operating officer Nitin Seth quits
• BookMyShow is planning to bring down the share of movies to about a third of its revenues in the next 3-5 years and increase investments in live events and content business, which include platforms like Daily Social and Movie Nation
• Zomato is evaluating the option of fulfilling deliveries on its own for a small set of restaurants
• Japan-based pharmaceutical company Rohto Pharmaceutical has invested $5 Mn in online pharmacy SastaSundar Healthbuddy
• Bank Of Baroda and Times Internet have reportedly been in talks with FreeCharge; Deal size is expected to be in the range of $60 Mn-$75 Mn
• Jyoti Bansal has invested an undisclosed amount in sales execution and marketing automation platform Leadsquared
• LoadShare has raised an undisclosed amount from Matrix Partners India in a pre-Series A round
• Swiggy raises $80M funding led by Naspers
• MagicPin has raised $7 mn Series B from existing investor Lightspeed India Partners, Waterbridge Ventures and two global family offices
• Collateral Medical has raised $3.5 mn in a Series-A investment from Carpediem Capital
• Microsoft signs 15 year lease for 2L-sq ft office space in Hyderabad

Around the world:
• Singapore government and SGX launch their drive for more tech IPOs
• Spotify steps up Asia expansion with plans to launch in Vietnam and Thailand
• Uber fires self-driving car chief at centre of court case
• China to implement cyber security law from Thursday
• Snap buys LA-based drone manufacturing firm for $1M

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