Kashika Bajaj

• The launch of application comes in line with the vision for a Digital India by PM Modi
• iMandi will be catering to over 55 Mn farmers
• The application will be promoting rural digital revolution

• Zopper’s CEO Neeraj Jain and the engineering leadership team has become a part of the PhonePe’s team
• The move has been taken with the aim of enhancing the adoption of digital payments for merchants
• The acquisition will help PhonePe to ramp up its offline business

– Anupam Mittal, Vineet Sekhsaria, Akatsuki Inc. invested in the latest pre-Series A round
– Aims to launch 12 more buildings in Bengaluru
– Currently having 950 beds live and is operating 97% occupancy at 15 properties across Bengaluru.

• Eatigo entered Indian market in July 2017
• Currently active in Mumbai and Pune
• Will utilise funds from pre-Series C round in scaling its operations further

• The three startups working with Airbus are Stelae Technology, EFLIGHT and Airpix
• The aim of partnership is to strengthen GenNext aviation solutions
• The partnership comes at the time of the culmination of TAKE OFF 2018 programme

Important Indian Startup News Stories Of The Week [09-14 July 2018]

Important Movers And Shakers Of The Indian Startup Ecosystem [09- 14 July 2018]

15 Startup Funding Took Place In The Indian Startup Ecosystem This Week [9 – 14 July 2018]

• McXtra raised funds in a pre-A series A round
• The funds will be used to scale operations
• Plans to target one lakh users in partnership with 30 corporate entities

• Aims to provide easy, seamless and paperless experience to customers
• Customers can avail loan sanction up to $291.87K
• Platform is developed in partnership with Biz2Credit

-The investment round had strategic angel investors too
-Spanugo is an early stage startup
-Spanugo is building a multi-tenanted SaaS solution

• The amount of the Magic Crate funding remains undisclosed
• 3one4 Capital also participated in the funding
• The startup will use funds to develop its new product line