Team Inc42

• Creating an independent blockchain solution in India may still not be viable as the mode of profit/commission is not defined
• For Blockchain startups, ICOs and cryptocurrencies pave way to raise funding, however, the Indian government discourages both
• There is a huge dearth of people skilled in Blockchain in India; leading institutes are yet to adopt Blockchain courses

The fund named ISF Special Opportunity Fund will support startups, micro, small and medium enterprises

The ticket size will approximately be $200 K to $3 to $4 Mn

IndianStartupFactory is already in talks with three to five startups to invest from the new VC fund

Post-acquisition Tounguestun team will operate independently

This is Zomato’s 12th acquisition deal globally

Zomato plan to incorporate the capabilities of Tonguestun app within Zomato

Both the companies will now develop blockchain-based products across multiple verticals

The team's experience will also span a wide variety of distributed ledger technologies

The deal may prove to be a boost for players operating in sectors such as AI, IoT, and blockchain

Swiggy plans to use packaging materials such as paper and aluminium that can be recycled

It has also introduced meal trays made of cornstarch and bagasse, the residue left after extraction of juice from sugarcane

Zomato has introduced a new feature for customers to opt out of cutlery to cut down on plastic use

ETMoney, which used to offer only regular mutual funds plans, has started offering zero-commission direct mutual funds on its platform

Direct mutual funds are a low-cost alternative to regular plans and do away with the expense on distributor commissions

Using ETMoney people can invest in more than 1,000 mutual funds in single place

Companies like KIP, Samsung,CITIC Capital have invested in the platform

The startup aims to ensure that users can fly at best priced tickets.

The platform claims to book 180K - 200K flight tickets per month

The programme will be conducted over two weeks from August 26 to September 10, 2018

The programme has received more than 20K applications

A 91-member delegation has gone to Silicon Valley, more than 40% of whom are women

The platform has recorded a growth of 32% in August from July

The average transaction size recorded was $25.3

NCPI had also launched UPI version 2.0 in July 2018

Webinar: Freelancing For Students 101 by Inc42 in association with Paypal on September 4, 2018

Niti Aayog will hold global mobility hackathon Move Summit in New Delhi on September 7-8, 2018

Inc42 and Ikigai Law will organise ‘The Dialogue', a roundtable on the Draft Personal Data Protection Bill (PDP Bill), which will explore the implications of the bill for startups

US-based handset maker Apple has announced that all apps, including those still in testing, will be required to have a privacy policy

Twitter may add updates like 'Presence' to help people know who's online and 'Threading' to help users easily read conversation threads

Google may have signed a secret deal with Mastercard in order to track retail sales using transaction data

The programme will hold its inaugural class from September 10

Selected startups will go through two-week mentorship bootcamp

The programme is designed for startups that use machine learning and artificial intelligence