Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. MakeMyTrip’s Nasdaq-listed parent has injected additional funds in the tour and travels portal and aggregator through a rights issue, valuing the Indian operating company at around Rs 26,000 crore.
2. Oppo has announced the launch of a new brand called Realme. The new brand Realme will launch all new devices in India first before introducing it to any other global market between Rs 10,000-20,000 price range.
3. Paytm has recorded sale of 38 mn travel tickets on its platform in FY18.
4. SoftBank Group Corp chief executive Masayoshi Son said on Tuesday a second Vision Fund would be set up in the near future, adding that investment for the new fund could come from existing institutional investors.
5. Aye Finance, a leading Fintech lender to the MSMEs, has raised over Rs 30 Cr from SBI, the largest PSU Bank in India. Read More...