Weekly Roundup: Girnar Soft Lays Off Staff, Flipkart Cuts Its Expenses And More..

Here is a summary of the important highlights from last week. Starting from Grinar Soft laying off, Uber Ola clash, a lot has happened in this part of the world.

Insights

Of Cockroach Founders And Why It All Matters

Ozonetel Moves Its HQ To Singapore; Signs Of Time To Come ? #MakeInIndia


Startup News

Girnar Soft, the parent company of CarDekho has laid off employees with immediate effect. The company currently employs more than 2000 individuals.n last two years the company acquired five startups including Drishya360, Gaadi.com, Zigwheels, BuyingIQ, Help On Wheels. Read More..

Under the Startup India initiative, the Indian Government is set to launch ‘Twitter Seva’ on April 21st. It will be a helpline for the entrepreneurs and help them seek funding and other Government help. Read more..

Now, Big Basket delivers products at your doorstep in just 60 minutes. At present this service is available in Delhi-NCR, Ahmedabad, Kolkata, Mumbai, Pune, Bangalore, Chennai and Hyderabad. Read More..

Chennai based Freshdesk has acquired social customer support tool, Airwoot for an undisclosed amount.This is the fifth acquisition made by FreshDesk. Read More..

Flipkart’s newly appointed CEO Binny Bansal has introduced a number of measures which will help the company ensure sustainability and reduce its burn rate. Read More..


Funding

StartupAmountSeriesLead Investor
Oyo Rooms$100 millionSeries DSoftbank
VegFruUndisclosedSeed roundWingify
PriceRajaRs 2 croreUndisclosedPrashant Puri
IndiUndisclosedUndisclosedAnil Kapoor
90 Seconds$7.5 millionSeries ASequoia India
MagicX$1 millionSeed roundMarquee investors
LenDenClub UndisclosedSeed roundVenture Catalyst
KredX$750,000UndisclosedPrime Venture Partners
Hippily$250KSeed roundAngel Investors
OrganicshopUndisclosedPre-Series AAngel Investors
Mind Your FleetUndisclosedUndisclosedAngel round
Deal4LoansUndisclosedUndisclosedClutch Of Investors
EdCast$16 millionSeries BGE Asset Management

 


Digital India Highlights

After Morgan Stanley, T Rowe Price has marked down Flipkart’s shares by 15%. Read More..

Ola To Initiate Legal Action Against DNA For Reporting Alleged Ola-Uber Deal. Read More..

Indian Railway’s arm Railtel along with Google has launched free high-speed public Wi-Fi service at nine new railway stations. Read More..

Just days after Transport department of Karnataka cracked a whip on surge pricing by taxi aggregators, Uber  stated an objection to the new rules. Read More..

The Indian Government has decided to closely monitor the commitments made under ‘Make in India’ program and State level Business Reform Plan, and accordingly rank all the states of India based on the performance. Read More..

In a strive to ensure women safety, Government has now asked all mobile manufacturers to launch mobile handsets with a panic button, starting from 2017. Read More..

Japan’s largest e-commerce company and Viber chat owner Rakuten has opened a business office in Bangalore and plans to to open an online retail platform in India. Read More..

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