Bhumika Khatri

• BYJU’S plans to raise the funds at a valuation of $1.8-2 Bn
• The company is looking for fresh funds from at least two new investors and existing investors led by Tencent Holdings Ltd.
• In March 2018, BYJU’S entered the unicorn club

• Amazon is in acquisition talks with two pharmaceutical chains — one of them is MedPlus
• The US ecommerce giant recently acquired PillPacl for $1 Bn
• Amazon has been betting continuously on Indian startups such as Acko, BankBazaar etc

• Niti Aayog’s Breathe India plan targets the 10 most polluted cities in India
• A 15-point action plan has been developed to address air pollution in the cities
• The cities are Kanpur, Faridabad, Gaya, Varanasi, Patna, Delhi, Lucknow, Agra, Gurugram and Muzaffarpur.

According To Inc42 DataLabs, Blume Ventures Was The Most Active VC Fund In The Indian Tech Startup In H1 2018

• Unacademy plans to use the funding to onboard new educators on the platform
• The Bengaluru-based edtech startup plans to explore new categories, including courses for pre-medical, GATE, and CAT
• Unacademy currently has more than 300,000 lessons, 3 Mn registered users and 14,000 educators.

• Google was earlier expected to invest $1-2 Bn in Flipkart along with Walmart
• Google is expected to venture into Indian ecommerce space
• Walmart expected Google’s strength in building online shopping ecosystem in India

Aloke Bajpai Of Ixigo Tells Cost Of Bad Decisions Is Always Less Than The Ones You Didn’t Make.

A Curated List Of Startup Events [July 16-22, 2018]

• Chief minister Manohar Parrikar said Goa will achieve 100% online transactions by the end of this year
• The Goa IT policy 2018 focuses on infrastructure development, fiscal incentives, governance, and human resource development
• The IT Policy also promises time-bound approvals of investments and incentives within a 90-day period

• Blume Ventures, along with Silicon Valley-based Benhamou Global Ventures (BGV) and Emergent Ventures, has launched accelerator platform Arka Venture Labs
• Arka Venture Labs will start off with a corpus of about $6 Mn (INR 40 Cr) with all three funds anchoring the investment
• Arka will provide seed and pre-seed capital of up to $200K for startups in the B2B space

• Vayana, a B2B supply chain financing company, connects corporates and supply chains
• The company has partnered with multiple banks and financial institutions to process loans for enterprises
• Vayana claims to have processed more than 6.5 lakh invoices

• Grofers rolled back its fresh products services in several cities, including Bengaluru
• The company believes that private labels can help improve margins, but it’s not the only way to reach profitability
• Grofers last raised $61.6 Mn from SoftBank