We bring you the weekly dose of important Indian startup news of the week.\r\n\r\nOne of the biggest startup news of the week was Dhiraj Rajaram taking over his former spouse and ex-CEO Ambiga Subramanian\u2019s 24% stake as well as employee stock holdings to gain major shareholding. The buyback was completed around two weeks ago. Furthermore, for the transaction, Rajaram acquired a $400 Mn credit line against his shares from four international banks.\r\n\r\nNext up, Former Google and SoftBank executive Nikesh Arora is in the race for becoming the new Uber CEO, according to recent reports. Uber is pitching top executives such as Susan Wojcicki, who leads YouTube; Adam Bain, Twitter\u2019s former CEO; David Cush, a former Chief Executive at Virgin America; Marissa Mayer, ex-CEO Yahoo, and Thomas Staggs, ex-COO Disney. However, it was unclear what level of interest, if any, have these executives evinced in the position. Earlier, Facebook\u2019s COO Sheryl Sandberg was also being considered by Uber Board member Arianna Huffington.\r\n\r\n\r\nImportant Indian Startup News Stories Of The Week\r\nPolice Files FIR Against AIB\r\nThe cyber branch of the Mumbai police department has filed an FIR against comedy group AIB for allegedly insulting PM Narendra Modi. The FIR was filed after the group tweeted an image of PM Narendra Modi. The punishment for this offence is up to three years in jail, besides a fine of about $7,755 (INR 5 Lakhs). According to the police, the FIR or First Information Report was filed by the cyber cell after \u201cdue legal consultation.\u201d\r\nGoogle To Integrate Android Pay With UPI\r\nGoogle is in advanced talks with the NPCI to integrate its digital payment service, Android Pay, with UPI. Apart from Google, Facebook and WhatsApp are in preliminary talks as well. As stated by NPCI Managing Director and Chief Executive A.P. Hota, \u201cGoogle and apps such as WhatsApp and Facebook will have a pervasive presence in India. Such an integration is technologically possible but we are waiting for the Reserve Bank of India\u2019s approval.\u201d\r\nFlipkart In Trouble Again - Receives Notice From Nitin Seth And AIOVA\r\nFormer Flipkart COO Nitin Seth has sent a legal notice to Flipkart. The notice\u00a0alleged the company of wrongful termination. He resigned from his position as the Chief Operations Officer in May 2017. Following Seth\u2019s abrupt departure, CEO Kalyan Krishnamurthy took over his responsibilities. According to sources, Seth believes that he was illegally fired and has, therefore, decided to take legal action against Flipkart.\r\n\r\nIn another development, Flipkart also ran into trouble with the All India Online Vendors Association (AIOVA) on account of a technical malfunction that caused the ecommerce marketplace to record wrong weights for shipments. As per reports, the financial impact of the problem ranged between 20% and 30% of a vendor\u2019s gross merchandise volume (GMV).\r\n\r\n\r\nDoT Sets Up Viability Gap Fund\r\nViability Gap Fund (VGF) is a part of the ongoing Bharat Net project. The fund will be used to forge partnerships with private sector companies for handling last-mile connectivity. The proposal will be presented before the Union Cabinet for approval within the next two weeks.\r\nTRAI To Set Up Pilot WiFi Hotspot Network In Cities Around India\r\nTRAI will be collaborating with existing telecom companies and Internet data providers to set up \u201cpay-as-you-go\u201d public data offices (PDOs) in different parts of the country. The PDOs will be offering small-sized data packs at under 2 paise per MB. In comparison, existing mobile network providers like Vodafone, Airtel, and Reliance charge upwards of 23 paise per MB, which is around ten times the cost of the TRAI\u2019s proposed WiFi plan. It even claims to be cheaper than the consumer-friendly Reliance Jio, which currently offers 4G data at 5 paise per MB.\r\nReliance Jio Admits Cyber Breach, Registers Complaint\r\nThe registered complaint is in regard to the alleged \u201cunlawful access to Reliance Jio systems.\u201d As per a Reuters report, the police detained a suspicious person who might have been involved in the breach in Rajasthan. Although not much information was disclosed, police investigation revealed that the Aadhar information of Reliance Jio subscribers is safe. Earlier this week, a website posted the subscriber data of Reliance Jio customers, including email IDs, names, and Aadhaar numbers. The records were reportedly posted on magicapk.com.\r\n\r\n\r\nDelhi Government May Ban Ola Share, UberPOOL\r\nThe proposed\u00a0amendment will come under the purview of Motor Vehicles Act, 1988. As stated by a government official to ET, \u201cIn principle, we are in favour of cab-sharing as it not only provides affordable commuting option to passengers but also reduces the number of vehicles on roads. However, such operations don\u2019t come under the present legal framework as taxis are only allowed to be hired from one point to another and cannot pick and drop passengers.\u201d\r\nNirmala Sitharaman Envisions Startup Coast In Karnataka\r\nThe Startup Coast will comprise two innovation centres and up to five incubation hubs in colleges. Apart from this, it will also have a 100-seater workspace in Mangaluru. The project will also entail the installation of 20 to 30 laboratories in schools across the region. The Startup Coast initiative is spearheaded by the current Commerce and Industry Minister Nirmala Sitharaman, who also represents Karnataka in the Rajya Sabha.\r\nDelhi Transport Department Sues RedBus\r\nThe government initiated legal proceedings alleging redBus of \u2018issuing tickets\u2019 for buses that are plying on illegal routes. App-based bus aggregator Shuttl has also reportedly been penalised by the transport department for allegedly plying on illegal routes in the capital.\r\n\r\n\r\nG20 Praises India On Startup Funding, Ease Of Doing Business\r\nIndia was\u00a0praised for promoting inclusive growth in the country. This development comes after the increased efforts of the Indian government to provide security to workers and increase female percentage in the work force under the labour reforms. Also, as stated in the Hamburg Action Plan, India is facilitating external commercial borrowings (ECBs) by startups, thereby promoting ease of doing business in the country and encouraging innovation.\r\nRBI Cautious Of First Loan Default Guarantee Cover By P2P Lending Companies\r\nThe FLDG is the way micro-finance institutions and NBFCs in India protect the lender\u2019s interest, especially in cases of default. Under the FLDG security cover, lenders can ask for collaterals as a way of safeguarding their money. This comes at a time when the central banking institution is gearing up to release the official guidelines for peer-to-peer lending in India by July 2017.\r\n\r\n\r\nOther Indian Startup News Stories Of The Week\r\nEcommerce Is Still The Most Paid Sector\r\nThe startups in ecommerce tend to pay 20% higher salaries than other sectors. This data has been announced in a startup salary trends report by AI-based professional platform CutShort.io. \u00a0The study also found that recruiters prefer tech and marketing talent from ecommerce companies.\r\nHDK Cabs To Start operations In August\r\nFormer Karnataka Chief Minister H.D. Kumaraswamy-backed cab aggregator HDK Cabs is all geared up to compete against Uber and Ola. The cab aggregator will start operations in Bengaluru in the second week of August. The cab aggregator, which is registered as Huli Technologies, will soon expand to other cities in the region, such as Mangaluru, Belagavi, and Mysuru.\r\nJustRide Rebrands To Drivezy\r\nThe rebranding exercise comes as part of the self car rental startup\u2019s strategy to make the transition from an aggregator model to a marketplace platform. It now aims to become a peer-to-peer car sharing platform. Drivezy will allow individual car owners to list their cars on the app when they are not in use, which is then micro-leased by Drivezy.\r\nDeals And Coupons Startup GrabOn Launches BestPriceOn\r\nBestPriceOn is a consumer electronic items price comparison platform which aims to make product discovery and price comparison easier for online shoppers. It currently provides price comparison in 13 categories such as mobile phones, laptops, tablets and other consumer electronic goods. It aims to reach 2 Mn-3 Mn unique users and over 10 Mn pageviews every month by end of 2017.\r\nDigital Economy Of India Offers Greatest Market Potential Globally\r\nThe Harvard Business Review (HBR) stated this projection in the latest edition of Digital Evolution Index 2017, indexing the digital state of 60 countries. The Digital Evolution Index 2017 has India bracketed in the list of \u2018Break Out\u2019 countries along with Kenya, Indonesia, Bangladesh, Mexico etc. China is also in the Break Out zone, but veered more towards the \u2018Stand Out\u2019 category. India\u2019s digital economy potential lies in its vast population, currently at 1.29 Bn, increasing adoption of technology, and the rise of skilled and global language-speaking youth.\r\nTrip Tap Toe Introduces Self-drive Car Renting\r\nThe company has signed an MoU with Avis Cars for renting out self-drive cars at International destinations. The online travel platform users can now rent self-drive cars at any international destination they travel to.\r\nJugnoo Launches Bumbl\r\nBumbl is a workflow automation tool. It is a B2B, SaaS-based offering which tends to streamline workflow with easy automation. It will be used by companies where the information moves between web pages through API, making workforce focus on important work saving time and with ease, leading to effective results.\r\niCubesWire Launches INSTATALK\r\nDigital Marketing Solution and concept provider iCubesWire has forayed into the technology segment by launching \u2018INSTATALK.\u2019 It is an artificial intelligence platform to accelerate digital transformation for its clients. This product will facilitate instant communication with brands so that the customer\u2019s requirements can be addressed immediately while lowering the costs through automation.\r\nDJUBO Launches AutoCollect, Partners With Spreedly and Ipay88\r\nDJUBO\u2019s AutoCollect is an Intelligent Payment Collection feature tightly integrated with the DJUBO Centralised Reservation System. AutoCollect reduces late cancellations, reduces no shows, automates payment follow-ups and maximises upfront payment collection to improve better revenue yield for hotels. To top it all, DJUBO has also completed its certification for PCI DSS compliance which is the global standard for Payment Cards Industry Data Security.