Olacabs partners with Zipdial to launch SMS based cab tracking for feature phones

This initiative aims to tackle the biggest uncertainty faced by cab users in the country, i.e. of lack of information around the location of the booked cab and the estimated time of its arrival. The feature enables even low end phones users to track real time information such as – cab’s distance from their location as well as expected time to reach the location instantly.

500 Startups Launches 500 Kulfi, $25 Million Fund For South Asia

500 startups has announced its new regional fund 500 kulfi a $25 mn fund which will focus on India, Sri Lanka and Bangladesh. It will take a larger interest in FinTech, EdTech, Health & Wellness, Data Analytics, Content and SaaS/SMB startups. It has invested in over 50 companies in India since 2011.