Startup and funding world today? What’s happening today? 19th April 2017

By Published On: April 19th, 2017Categories: Articles, News2 min read
startup and funding

Here’s your daily dose of startup and funding news from India and around the world.

19th Apr ‘17
India startup #news:

• SoftBank is considering a sizeable investment of ~$1.5bn in Paytm in a deal that could value Paytm at over $7 bn.

• Myntra has acquihired logistics startup InLogg to reduce their delivery costs in smaller cities by about 25%.

• Goldman Sachs & Credit Suisse to set terms for Flipkart’s Snapdeal buy.

• Asset Vantage, a Mumbai-based fintech company that offers a SaaS-based investment portfolio management software, has acquired Santa Clara-based software company Financial Navigator. The 30-year-old American firm that also runs a portfolio tracking software focused on the wealth management market.

• Omni Hospitals in talks with PE firms to raise $50M.

• US, UK, Australia and Singapore reforming work visas to protect local jobs; Australia scrapped a visa programme yesterday that was being used extensively for transfer of skilled foreign workers while US executive orders expected a day later will overhaul the H-1B system.

• Telecom regulator TRAI plans multiple open house talks on net neutrality.

• Aircel may approach RBI for payments bank licence.

• India to enact data protection laws by October.

• TCS profit misses mark as BFSI & retail verticals disappoint.

Funding News:

• Nomura has launched the `Voyager Nomura Fintech Partnership’, a global accelerator cum co-creation platform. The idea is to collaborate with startups all over the world to build products and solutions specifically for capital markets.

• Samara Capital has struck a deal with a facility management services provider. This is to set up an investment platform that will seek to acquire companies in the segment.

Around the world:

• China EV startup Nio to sell mass-production car next year.

• Ant Financial merges with Lazada’s HelloPay Group.

• Baidu to launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020.

• At Facebook F8, Zuckerberg launched Camera Effects platform that allows artists and developers to create augmented reality effects for the Facebook camera.

• Wells Fargo tests Facebook chatbot.

• Facebook Spaces allows users to hangout with their friends in VR.

• Instagram on Android gets offline mode.

• Facebook announces React Fiber, a rewrite of its React framework.

• Google Earth is getting a revival with a new feature called Voyager. Google has partnered with BBC and NASA to add video clips, photos and text narratives to 3D representations of particular locations.

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