17/07/2019 Newsletter

TiE Delhi-NCR in News

 

Most teens are content with securing admission into a good college, but Delhi-based Tanmaay Khurana, 17, and Lakshay Chhabra, 18, wanted more. The duo decided to embrace entrepreneurship while pursuing their degree course. Their hyperlocal delivery startup, Jhutpat, offers instant pickup and delivery across Delhi-NCR for small and medium businesses that need anywhere between five and 100 deliveries a day.
Read more on YourStory

 

Funding News

Varanasi-based startup Aquvio on Monday announced that it has raised an undisclosed amount as part of its pre-Series A round from the Technology Development Board, Government of India, along with Villgro’s INVENT and Indian Institute of Technology, Kanpur. They are the member of TiE Delhi-NCR.
Read more on YourStory

OYO Hotels & Homes has bought co-working space provider Innov8 to expand in the fast-growing segment, as the hospitality unicorn enters new areas to diversify its operations.
Read more on VC Circle

Delhi-based organic and health products startup Akiva Superfoods has raised $2 Mn (INR 13.6 Cr) in a Series A funding round. The round was led by Alkemi Venture Partners.
Read more on INC 42

My Money Mantra, a New Delhi-based platform which helps consumers access loans from banks and non-banking finance companies, has raised its first round of external funding of $15 million from IFSD-BV, a Netherlands based fund backed by multiple high net worth individuals and family offices.
Read more on ET Tech

 

Other News

Bytedance Ltd, which owns the popular TikTok video-sharing app, will invest in Indian content startups to create a bouquet of apps to target new audiences, borrowing from its successful China playbook, two people familiar with the plans said.
Read more on Mint

American hedge fund Steadview Capital plans to invest $500 million in growth-stage companies in India over the next two years, two people aware of its strategy said.
Read more on Mint

Across the world, energy and economic growth go hand in hand. In India, the demand for energy has been growing at a rapid rate and is expected to soar in the years to come. A slew of startups, operating in various fields and using artificial intelligence, machine learning, and analytics, are at work to help the country transition to sustainable energy sources.
Read more on YourStory

Speaking on the occasion of World Youth Skills Day (July 16), India’s finance minister Nirmala Sitharaman said that the government schemes can only be brought to life with the contribution of people and institutions.
Read more on INC 42Become a Member or Renew Membership

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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.

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