Here is a summary of all the important updates from last week’s in case you missed any.

Insights

Amazon not only crossed $100Bn in sales, but AWS itself did $10Bn which is seriously a big deal!

The Important Thing is The Obvious Thing That No One is Addressing

Forget Encryption, WhatsApp Is Vulnerable To Phishing Attacks

9 Legal Mistakes That Indian Startups Commit [Unclear Terms Between Cofounders]

Two Million Meals On, Here’s What Zomato Learned From Its Online Ordering Business

Digital India

The recently launched utilities and bill payments segment of Paytm is witnessing a growth of 200% month on month.

The new guidelines for taxi-hailing aggregation services have been laid out by the transport department of Karnataka.

National Payments Corp of India (NPCI) owned by bank, will not collaborate with any of the payment technology firms but is interested in partnering with commercial banks

According to 6Wresearch, India’s Mobile Wallet Market is projected to reach $11.5 billion by 2022.

Oppo is planning to set up its local manufacturing in Noida and will invest Rs 100 crore for this unit.

Facebook has Pan-India presence and has almost 2.4 times more users in India than social micro blogging site Twitter.

Reliance will be offering the lowest data usage plans if it charges 0.5 paisa per 10 kb of data usage.

Online messaging service WhatsApp has implemented an end-to-end encryption.

Google has added health cards in its knowledge graph will now provide easy access to information relating to healthcare facilities 

Narendra Modi distributed 5100 E-Rickshaws under the Mudra Yojna Scheme in Noida

Reliance Jio’s 4G network has now let go more than 800 contracted field engineering officers before the termination of their contracts.

Intel and equipment manufacturer Datamini has on Monday announced the launch of TPOS7 ‘Janunnati Pad’.

State-run telecom operator is set to enter the 4G market in 14 telecom circles.

Amazon has taken a major step and now plans to invest Rs 16,000 crore

News From The Startup World

Unicorn startup Inmobi which employs 1000 people, is laying off almost 10% of its staff.

Former Head of Google search Amit Singhal has joined GOQii’s Board of Directors

The parent company of CarDekho, GirnarSoft has acquired Help On Wheels  in an all-cash deal.

Last week, UrbanLadder ran a LinkedIn job which stated that the company is looking for Sr. Mattress Tester.

Future Group has acquired online home furnishings and décor business FabFurnish for an undisclosed amount.

LocalOye has laid off majority of its employees.

Oddeven founded by 13 year old Akshat Mittal has been sold to Orahi, a carpooling app.

Startup Funding

Startup Funding Amount Series Lead Investor

 

Shipsy $1 million  Undisclosed DTDC
Petoo $1 million  Undisclosed Axilor Ventures
Gear6 $500K Seed Funding Ninestarter
Hungama $25 million  Undisclosed Xiaomi
Cult  Undisclosed  Undisclosed Mukesh Bansal
Haptik  Undisclosed Series B Times Internet
Schoold $4.5 million Seed Funding FastForward, Lorne Abony
Housing  Undisclosed  Undisclosed Vineet Singh

 

 

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