18/07/2019 Newsletter

Industry News

Icertis has become the latest software-as-a-service (SaaS) firm to be valued at more than $1 billion, after the enterprise contract management software provider raised $115 million in fresh funding led by US-based venture capital firm Greycroft and Premji Invest.
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Funding News

Consumer electronics startup boAt said on Wednesday that it has secured Rs 20 crore in venture debt from Flipkart Co-founder Sachin Bansal’s BAC Acquisitions. The startup said it will be using the funding for business operations.
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Delhi-based commodity procurement platform Procol has raised $1 million in a seed round from Blume Ventures and Rainmatter Capital, an initiative by Zerodha funds.
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Global payments technology provider Visa has invested an undisclosed amount in Indonesia’s ride-hailing player GOJEK as part of the latter’s ongoing Series F funding round.
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American ecommerce giant, eBay is making an investment in Noida-based ecommerce firm Paytm Mall for a 5.5 percent stake in the company.
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Mumbai-based Tiny Spoons raised Rs 2 crore from a bunch of angel investors including Anil Joshi, Managing Partner of Unicorn India Ventures; Paresh Kariya, an early-stage investor in Naaptol; Drums International HNI investor Harsha Vijay, and others.
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Other News

In the recent past, innovative collaborations between Indian companies and Japan’s corporates have been in the spotlight. From OYO entering the Japanese real estate industry, and Paytm providing technology to Softbank and Yahoo’s mobile payment app PayPay – startups with a ‘make in India’ mark, the future looks promising for collaborations between India and Japan.
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Facebook and T-Hub, a Telangana government’s incubator for startups, July 17 announced the list of ten selected startups for the second edition of their programme “India Innovation Accelerator.”
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