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Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. Milkbasket.com raises $7M in Series A funding led by Kalaari Capital. Read More...
2. NewsDog Raises $50M in a Tencent-Led Series C Financing Round. Read More...
3. Fintech startup EarlySalary has acquired CashCare, a consumer lending platform.
4. Paytm Payments Bank has launched Paytm AshaKiran, a programme to educate rural women aboutfinancial services and create new employment opportunities in small towns and cities
5. SoftBank has reportedly finally agreed to sell its 23.6% stake in the Indian eCommerce major Flipkart.
6. Bengaluru-based SaaS company Bizom (Mobisy) closed its second round of venture capital funding of $3.5 Mn (INR 24 Cr), led by SIDBI Venture Capital Limited (SVCL).
7. In partnership with Startup India, Netherlands to set up ‘Startup Link’, an initiative to help the Dutch startups explore the Indian market.
8. Amazon Online Shopping in india aims to expand cloud computing operations in Latin America.
9. Microsoft has acquired US-based AI developer "Semantic Machines" to develop the technology closer to how humans speak.
10. Adobe is buying e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash
11. An association of online sellers has filed a petition with the Competition Commission of India (CCI) against Flipkart for giving "preferential treatment" to a few seller entities and thus enabling steep discounts on its platform.
12. HMD Global, the Finnish company that makes Nokia-branded smartphones and feature phones, has raised $100 million from a clutch of investors to scale up its business operations and fund its growth, at more than $1 billion valuation.
13. Renting Platform FastFox.com acquires Roofpik.com to strengthen property supply depth. Read More...
14. Cashkumar - a Peer-to-Peer lending startup that raised 5 Cr on LetsVenture. Read More...
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