To understand and address banking needs of startups, State Bank of India launched first exclusive startup bank branch \u2013 SBI InCube in Bangalore. It plans to set up more branches in coming time in Delhi-NCR and Pune. Important Developments Of The Week Paytm\u2019s New \u2018Sound Pay\u2019 Feature Paytm\u2019s new \u2018sound pay\u2019 feature will allow money transfers and payments using ultrasonic sound waves, even when the consumer is not connected to the internet or in an area of low internet connectivity. It will be launched on Paytm\u2019s mobile application Zomato Launches Zomato Book Zomato launched table reservation service, Zomato Book, to provide \u00a0smooth and seamless table booking experience for customers. The development came after Zomato acquired Nextable and integrated into Zomato\u2019s app and web products. Modi Govt To Ease Off Tax Burden For Seed & Angel Investments Before the official launch of \u2018Startup India, Stand Up\u2019 campaign, Modi government has decided to scrap off tax on seed funding for startups. Flipkart Starts Selling Warehouse Space Flipkart has now started offering its warehouse space to its sellers in return of \u201cpriority\u201d seller status on the marketplace. After Flipkart cut its reliance on WS Retail, the space has become vacant. It will be now offered by company\u2019s own logistics arm eKart. Zomato Shuts Online Ordering Service In 4 Cities Zomato announced that it will be shutting down its online ordering service in four cities including Lucknow, Kochi, Indore and Coimbatore as the markets are nascent to adopt the concept. The company said that it will re-launch the services at the correct time later. West Bengal Announces State Startup Policy In a bid to boost the startup ecosystem in the state, West Bengal Government launched the State Startup Policy. The policy aims to create an environment and supporting ecosystem to facilitate about 10,000 startups in the next 10 years. Other Developments Of The Week Amazon leases 30,000 sq ft office space in Mumbai To widen its warehousing capacity around western India, Amazon India has taken over 30,000 square feet of office space on lease in Mumbai. The facility will house Amazon\u2019s sales, marketing and regional seller services teams. OYO Rooms Launches Services In Malaysia Due to higher-than-average mobile penetration and a large internet population, OYO Rooms has chosen Malaysia to make international foray. Govt. To Regulate App Based Bus Aggregators The vice-chairman of the Delhi dialogue commission said that the app-based bus aggregation is completely legal and is permissible under the existing contract carriage regime. Jeff Bezos\u2019 Vishnu Avtar On Fortune Cover Irks Hindus Amazon CEO Jeff Bezos recent picture on the Fortune\u2019s cover resembling Hindu god Vishnu triggered fire from the Hindu community in the US over \u201ctrivialisation of their venerated deity\u201d. The President of Universal Society of Hinduism, stated that Lord Vishnu is a highly revered major deity and cannot be used indecorously or thrown around loosely in reimagined versions for dramatic effects. Oxigen Launches Virtual Visa Cards Oxigen launched virtual cards powered by Visa under the name Visa Prepaid card in association with another payment solutions provider ZAZOO, and RBL Bank as sponsor bank and co-branding partner. The card can be used across all the major ecommerce and payment sites. TravelKhana Ties Up With IRCTC IRCTC has added yet another company for its meals on wheels. Travelkhana\u2019s listing will be available for travellers on IRCTC\u2019s e-catering website and avail its services at the New Delhi & Hazrat Nizamuddin railway stations. PayUbiz Launches SplitSettle In a bid to streamline the payment settlement process between online marketplaces and sellers, PayUbiz, launched \u2018SplitSettle\u2019. This feature will allow marketplaces to disburse payments to multiple sellers by splitting a single transaction collected from a customer to settle all entities involved. IAMAI Launches App Developer Startup Hub IAMAI launched a support facility for Indian app developers called \u201cGOK-Mobile 10X Startup Hub\u201d, in Bangalore association with Government of Karnataka. The hub will incorporate all the resources and tools that an app developer requires to convert his idea into a world class App. Mumbai\u2019s Kaali-Peeli Taxis Launches \u201c9211\u201d App To compete with reigning cab aggregators like Ola and Uber, Mumbai\u2019s two biggest taxi unions with over 35,000+ strong community of traditional kaali-peeli taxis have come together, and launched their own app called \u201c9211\u201d. IndusInd Bank Partners With PayU India To revolutionise digital banking & payments by bringing the full suite of consumer banking products online IndusInd Bank has partnered with PayU. The partnership is aimed at bridging the gap between conventional banking world and the new age online payment systems. Jugnoo Allies With Oye Taxi And Scootapp Jugnoo tied-up with OyeTaxi and Scootap to deepen its customer base and tap the already existing consumers of the on-demand transportation ecosystem. Both the platforms are meta-search platforms of different transportation service providers, where users can compare various modes of transport based on price, ETA, surcharge and vehicle type. Yepme Launches Its First Brick And Mortar Store In order to develop a connection between its customers and the retail brand, its products and brand culture, Yepme.com has opened its first offline store in Gurgaon. The customers will get absolutely no price difference between the offline and online stores. Icustommadeit.com Launches Its Own Tea Brand icustommadeit.com, has launched a unique tea brand - Garnet Glow, under its umbrella of customised products. The tea is offered in exclusive flavors of chocolate, vanilla, apple, peach and many more. PayPal Partners With Shopmatic To facilitate cross-border transactions, PayPal has partnered with Shopmatic. The partnership will enable merchants of Shopmatic to expand their global footprint backed by the flexibility, convenience and security offered by PayPal. Ridlr Introduces Mobile Ticketing For NMMT Buses Ridlr announced an agreement with Navi Mumbai Municipal Transport Corporation to offer mobile ticketing service for NMMT buses. The bus tickets will be booked through mobile phones. Indifi Partners With Travel Boutique Online In a bid to enhance businesses for travel agents, Indifi Technologies has allied with Travel Boutique Online. Through this association, Indifi will provide working capital to the travel agents to scale their businesses due to financial limitations. Ola Ties Up With EduKart To facilitate quality higher education for families of its driver partners, Ola announced its partnership with EduKart. Under the partnership, the families of driver-partners will get free counselling and expert guidance for higher education along with end-to-end assistance for children seeking higher education. EduKart will also provide assistance in availing scholarship and discounts on fees to children of driver partners registered on Ola. Sanovi Launches Cloud Migration Manager Gartner \u201cCool Vendor\u201d Sanovi, a leading provider of business continuity and IT recovery software, announced the launch of Sanovi Cloud Migration Manager, an enterprise software platform,that provides migration lifecycle automation at application level with emphasis on workload migration planning and design. Startups Club Announces Demo Day 2016 Startups Club announced the year-long event, Demo Day 2016 in Bangalore. The event will take place across 10 cities and provide early stage startups with the opportunity to attend boot camps, meet investors, secure funding and win prize money. The event will be hosted in Bangalore, Chennai, Hyderabad, Coimbatore, Mumbai, Delhi, Pune, Kochi, Ahmedabad and Vizag. Amazon India Launches Exam Central Amazon India entered into a new segment with the launch of Exam Central bookstore. The platform will provide exams related information, preparation books and other study material to students and job aspirants on its portal. Amazon India To Use Cycles To Deliver Orders In a bid to have a eco-friendly environment, Amazon is running a pilot programme for delivering orders via cycle. The orders under the radius of 3-5 km will be delivered through this mode. The delivery team would be provided with geared bikes to carry packages of up to 7.5 kg per trip. HackerRank Launches A Job Search App To address the challenges faced by coders, HackerRank launched a job search app that has solutions to problems like slow response time from the recruiter, lack of transparency on salary, lack of clarity on the job profile and the company expectations from the employee. Ola Introduces \u2018Ola Corporate To offer seamless mobility experience to corporate travellers across all major Indian metros, Ola launched Ola corporate. With this development, customers can hail cabs when required and pay from their company\u2019s centralised pre-paid account. Flipkart Ties Up With dPronto To provide last mile delivery across various cities in the country, Flipkart has tied up with dPronto. The tie-up will further add fillip to Flipkart\u2019s social objective of empowering rural youth with job opportunities in logistics. Flipkart Now Available On Windows 10 Platform Flipkart is now available to consumers across all Windows 10 platforms (mobiles, tablets, desktops). The new universal Windows app will offer consumers a seamless app experience, more personalised app interface with features such as customised shopping recommendations, merchandising and notifications, and interactive guided search. Additionally, consumers will also be able to avail all the \u2018App-only\u2019 offers right from the app. MakeMyTrip Leads In Hotel Bookings Segment According to an independent report by Millward Brown on hotel bookings in India, MakeMyTrip emerged as the leader with a 25% market share among all Online Travel Agents (OTAs). Crown-it Partners With OYO Rooms Crown-it partnered with OYO Rooms to allow users on the platform to book discounted lodging across various cities, for both business and leisure trips. Crown-it is an O2O platform that connects consumers with local merchants. LogiMonkey Launches Its iOS App LogiMonkey, a mobile app offering local delivery solutions, launched its mobile app for iOS users. The application and services were earlier available only on the Android platform. V-MODA Launches the Crossfade Wireless in India V-MODA, the maker of high-fidelity audio devices, launched the Crossfade Wireless Over-Ear headphones in India which will offer both wired and wireless modes for hybrid listening.