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PM Modi Urges Investors To Back Indian Startups, Assures ‘Best’ Returns

#30 Oct: What All Happened In The Indian Startup Ecosystem Today

➤ Boasting about the Indian startup ecosystem, which is considered to be one of the top three in the world, Prime Minister Narendra Modi urged global businesses to set their foot in India and back the country’s startups.

➤ Times Internet-owned OTT platform MX Player has announced a $110 Mn (INR 775 Cr) funding round from Tencent and its parent entity.

➤ UPI-backed Uber Money to launch in India by 2020.

➤ Will $40 Mn funding help Elasticrun step up its game against Delhivery?

➤ Bengaluru-based cab hailing unicorn Ola is said to be in talks with technology giant Microsoft to raise fresh funds.

India sets Banks’ target of 45 Bn digital transactions by 2020.

➤ Short video app Firework to pump $20 Mn in India: Should TikTok be worried?

➤ Will CAIT’s letter to PM Modi put an end to Amazon, Flipkart discounts?

PhonePe continues to burn cash but revenue grows 4X.

➤ What impact has India’s fintech ecosystem created on banking?

To read more updates on the Indian startup ecosystem, click here.