06/05/2019 Newsletter

TiE Delhi NCR News

An industry panel at a round table conducted by TIE Delhi-NCR concluded that online start-ups and businesses need to be incentivized in line with the goals of improving ease of doing business, and enhancing regulatory compliance.
Read more on Digital Terminal

Funding News

Online pharmacy Medlife has acquired Bengaluru-based medicine-delivery startup Myra in an all-stock deal, indicating early signs of consolidation in India’s crowded e-pharmacy sector. Post the acquisition, Medlife will gain access to Myra’s express delivery segment and expand the service to 22 cities in the coming months.
Read more on ET Tech

Hyperlocal on-demand delivery startup Dunzo is in talks with new investors to raise approximately $50 million, according to two people familiar with the matter.
Read more on MintSupermarket Grocery Supplies, which owns and runs BigBasket, has closed $150 million in funding led by Mirae Asset-Naver Asia Growth Fund, Alibaba and UK government-owned CDC Group, cofounder Vipul Parekh confirmed to ET. The latest funding propels the online grocery platform’s valuation to over $1 billion.
Read more on ET Tech

Other News

FMCG majors are looking to take bets on startups through direct investment or by launching incubators and accelerators to spot the next big trend in the industry.
Read more on ET Tech

When Facebook CEO Mark Zuckerberg announced on April 24 that the company is actively working on to launch WhatsApp Pay in India, the message was clear to the digital payments leader in the country: Brace for the landfall.
Read more on ET Tech