Bengaluru

Sachin Bansal already has a residential property in Koramangala

Flipkart first started its operations in residential property of Koramangala

Sachin has launched his new venture, BAC Acquisitions in 2018

Karnataka government has partnered with SUEZ and NUMA

The idea is to solve for challenges faced by global cities on smart mobility, energy etc

The 7-week long programme will call in applications from the startups to experiment the solutions

LinkedIn has been collecting salary data from members in India since two months

The members with free accounts will have to share their salary data to access the feature completely

LinkedIn also recently launched stories feature on its platform initially for the university students from US

The new office is located in Embassy GolfLinks in Bengaluru

The company plans to begin the operations at the new office, next year

Facebook is also planning to recruit nearly 2,200 employees at the new space

The Series B funding round was led by Microsoft’s corporate venture arm M12

It also saw participation from Point72 Venture and existing investor Reliance Industries

Earlier this week, Reliance Industries had disclosed that it had invested $8 Mn in Netradyne

• 18 startups from Mumbai, Delhi, and Bengaluru have been selected for the Oracle accelerator programme
• Selected startups are actively using technologies such as AI, ML, chatbots, among others
• Oracle's enterprise-grade cloud platform allows startups to be able to scale rapidly, securely and cost-effectively.

SapFresh provides pure, fresh, cold-pressed, and 100% organic juice shots based on superfoods

SapFresh grows some of its own raw material in its greenhouse and sources others

It has cut its logistics cost 10x by using hyperlocal delivery networks of newspaper boys and milkmen

• The startup will use the fund to accelerate product development, reach more customers,and improve client delivery
• It is currently working on several pilots with leading clientele in the international domain
• It has its engineering and development centre in Dehradun while other departments are in Bengaluru and US

Scootsy will continue as an independent app

Swiggy will further strengthen Scootsy’s curated restaurant network

The acquisition will enable Scootsy’s expansion across Mumbai and other major cities

• Racetrack.ai plans to expand to the US, Mauritius, and Singapore
• The startup has two flagship products which include a chatbot and a business accelerator
• Racetrack.ai is a sales and support-focused platform for education, real estate, and ecommerce sectors

Experience discovery platform Trell will use funds to expand and strengthen the team

The startup claims to have crossed half a million downloads and has over 200,000 monthly actives

The funding round witnessed participation from old investors as well

Fairfax also invested $1 Mn (INR 6.8 Cr) in Digit Insurance's parent company, Digit Infoworks

Digit Insurance will invest in new lines of products and expansion of its distribution network

It aims to reduce the time taken to settle claims to 7 minutes and increase the number of claims settled daily on mobile to 100