Digital Lending Platform FlexiLoans Raises Rs 100 Cr From Angel Investors
The funding will be used for FlexiLoans’ expansion and for further investment in its technology and marketing platform, its founders said.
Flipkart Sells 15.5 Million Units, Claims to Outsell Amazon
The Bangalore-based e-commerce giant announced that it recorded unit sales of 15.5 million compared with 15 million units for Amazon India, and 11 million units for Snapdeal, sealing a top spot in the Indian online retail industry.
Uber Launches UberPITCH to Bring VCs, Startups Together
The taxi aggregator has launched a pan-India startup challenge, UberPITCH, in partnership with the govt, where entrepreneurs will get to pitch their business ideas to investors and venture capitalists, during a specially organized Uber ride.
Election Commission, Facebook Join Hands to Launch ‘Register to Vote’ Campaign
The Election Commission of India has partnered with Facebook to launch a campaign to promote voter registration, in five poll-bound states.
Sports Education Startup KOOH Raises $2.2 Million From HDFC, Others
Sports education and training company KOOH Sports has raised $2.2 million in a fresh round of funding from existing investors such as HDFC, Faering Capital, Elevate Sports and the promoter group.
India Lost $968 Million in 2015 From Internet Shutdowns
According to a new research published by the Brookings Institution, intentional internet shutdowns from govts in some 19 countries led to $2.4 billion in lost economic production between July 1, 2015, and June 30, 2016.
DIPP Mulls About LIC, Pension Funds Investment in Startups
Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek has said that the govt is strongly considering to enable pension funds as well as insurance firms such as LIC to invest in startups.
Sheroes Acquires Women-focused Jobs Portal Gharkamai
Sheroes, a widely popular career platform for women, has acquired Gharkamai.com for an undisclosed amount. Gharkamai is a platform which helps stay-at-home professional women find work.
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