13/05/2019 Newsletter

Funding News

French hotelier Accor SA is in advanced discussions for an up to $40 million investment in Indian budget hospitality chain Treebo, people aware of the development said, in what could be the home-grown company’s first funding round since 2017.
Read more on ET Tech

Bollywood actor Suniel Shetty has recently invested an undisclosed amount in Pune-basedhealth and wellness startup SQUATS. The company will be using the freshly raised funds to enhance its technology framework, strengthen its team, and expand operations.
Read more on YourStory

RentoMojo, a Bengaluru-based online appliance and furniture rental platform, is raising Rs 77 crore in its Series C funding from existing investors Accel Partners, Chiratae Ventures, IDG Ventures, Bain Capital, and former Lending Club CEO Renaud Laplanche.
Read more on YourStory

Other News

The US will soon have a new stock exchange: government watchdogs have approved (pdf) the application for Long-Term Stock Exchange (LTSE), a trading platform backed by prominent Silicon Valley names. The company says its rules are meant to reward investments and business strategies that focus on the long term.
Read more on Quartz

A fresh crop of companies is trying to change the huge but fragmented logistics market, employing technology to achieve efficiency, better volumes and lower costs. The startups, backed by large private equity firms, are improving the working conditions of truckers, who put in long hours behind the wheel with little respite.
Read more on ET Tech

The Government of Rajasthan has given out funding to over 30 early-stage startups being incubated under its flagship iStart Rajasthan programme to foster the startup ecosystem in the space. The amounts range from Rs 1.2 lakh to Rs 20 lakh as part of various financial incentives under the programme, including a sustenance allowance, seed funding, marketing assistance, as well as the Techno Fund.
Read more on YourStory