Weekly Roundup: NestAway Bags $30 Million Funding, Paytm Takes Unicommerce To Court And More..

Here is a weekly recap of the major announcements and developments of this week from Digital and Startup India..

Here is a weekly recap of the major announcements and developments of this week from Digital and Startup India, in case you missed any.

Insights

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Startup News

Peppertap has shutdown its grocery business and will now only operate its logistics business. Read More..

Paytm had filed a lawsuit against Unicommerce in Delhi high court for accessing confidential data via the sellers who use Unicommerce’s platform. Read more..

Three other co-founders of Housing have quit the Softbank backed company to start their own venture. Read More..

SoftBank Investors Ask For Internal Probe Of Its President And COO Nikesh Arora. Read More..

Matrix Partners India has raised a further Rs 730 crore from existing investors in its second fund. Read More..

Digital India

TIME named Flipkart’s founders Sachin and Binny Bansal to its annual list of the 100 most influential people in the world. Read More..

Delhiites will soon get free Wifi while travelling in metros. Read More..

The Google safe search tool diagnosis reveals that google.com is or can be a platform for people trying to scam you, forcing you to download malicious software or redirecting to unsafe sites. Read More..

After Whatsapp, now Viber has enhanced user’s safety with end-to-end encryption. Read More..

Major Funding Rounds

Startup Amount Series Lead Investor
NestAway $30 million Series C Tiger Global
Tork Motorcycles Undisclosed Angel Round Ola Founders
Beatout $1.5 million Pre-Series A Beenext, Stanford Angels, Others
1mg Rs 100 Crore Series B Maverick Capital Ventures
Mastermind Sports Undisclosed Undisclosed Nazara games

 

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RBI Removes Mandatory 2-Factor Authentication For Low-Value Contactless Payments

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