News

One of the biggest fundings this week was raised by OYO of $100 Mn

This week six startups raised $121.4 Mn funding

Two acquisitions took place in the Indian startup ecosystem

ToneTag appoints Anil Kumar as its chief technology officer

To The New has appointed Najam Kidwai on the company’s board

Maveric Systems appoints Muraleedhar Ramapai as its new executive director

Group has already raised INR 400 Cr

The university will be setup over 50 acres in Mohali

The university has also tied up with Stanford Research Institute and Purdue University

International conglomerate Fosun might participate via its Chinese fund

Its venture capital arm Fosun RZ capital has earlier invested in Kissht and Ixigo

NestAway offers an online marketplace for home rentals

The announcement is part of Amazon's global lineup of 20 original shows

By the end of 2017, Prime Video had over 610K subscribers in India

Netflix, Hotstar too are betting big on producing original content

Global internet companies may have to pay 30-40% of digital tax

The tax will be levied on the revenue generated from the Indian users

The rule will be applied on companies with more than 200K users

Infibeam clocked in revenue of $21.09 Mn for the Dec quarter

Strong traction in payment business, GeM contribution may be the factors behind the growth

It aims to process payments worth $7.01 Bn by the end of this year

The deal was reportedly finalised last month

Company’s goal to grow 50% to double the GMV to $2 Bn by the FY ending March 2019

Paytm recorded 221 Mn transactions in January 2019

Tamil Nadu govt initiates discussion on banning TikTok

TikTok recently appointed a public policy director

Indian users account for 35% of Tikok’s 500 Mn global user base

Karnataka government proposed to set up electric charging stations during state budget

Tata Motors to deliver 40 electric buses in Lucknow over next four months

EESL to set up 84 fast electric vehicle charging stations in Delhi

A Swiggy user in Chennai discovered a bandaid in his food

The user posted about his experience on Facebook

Zomato’s blog post on their hygiene initiatives showed their rivalry

The company will provide OTT services through strategic partnerships

Shemaroo is offering two different types of subscription packs

Shemaroo already has a formidable presence on Youtube