We bring to you the weekly dose of important Indian startup news of the week.
The biggest Indian startup news for the week was Freshdesk rebranding to Freshwork. Freshworks is a new umbrella brand, that will bring together the company’s growing, a suite of business software. Freshdesk was launched in 2010 by Girish Mathrubootham and Shan Krishnasamy as a helpdesk software for customer support. The company currently has more than 100,000 clients in 145 countries.
Amazon infusing $32 Mn (INR 207 Cr) in Amazon Transportation Services, the logistics arm of Amazon India was another big Indian startup news of the week. The company had earlier invested $10 Mn (INR 67 Cr) in the logistics platform, in September 2016.
Also, Logistics company DHL India announced its plans to invest more than $100 Mn to expand its warehouse capacity in India. The company aims to increase the warehouse space to more than 10 Mn square feet by 2020, from the current 7 Mn sq ft. Also,
Important Indian Startup News Stories Of The Week
Jobs To Depend On Startups: Pranab Mukherjee
Another important Indian startup news that gained media attention was President Pranab Mukherjee stating that the solution for job creation depends on Indian startups and small businesses. He made this statement while addressing a special session of the All India Management Association, at the Rashtrapati Bhawan, on June 7, 2017, The AIMA also announced during the event, the setting up of a council for teaching management and entrepreneurship skills.
iVOOMI To Invest $38 Mn In Indian Market
Hong Kong-based electronics major, iVOOMi announced plans to invest about $38 Mn (INR 250 Cr) in the Indian market. The funds would be used to strengthen the company’s foothold in the market by entering into alliances with technology and retail companies.