As many as 1,400 startups have come up in India this year, allowing it to maintain its position as the 3rd largest startup base in the world.
Reserve Bank of India’s move to allow 100% foreign direct investment-FDI will benefit fintech startups as it will ease equity-funding norms.
Tech startups are tying up with brick-and-mortar publishing houses to use Augmented-Reality and VR to bring textbooks and lessons to life.
South African internet conglomerate Naspers is on the hunt for investment deals in Indian fintech firms/ startups.
Early-stage fund India Quotient has invested $500,000 in fintech lending startup CreditMate.
Invoice discounting marketplace KredX has raised close to $6 million in Series-A funding led by Sequoia Capital India.
Renewable-energy solutions provider Ezon Energy has raised ₹140 cr ($21 million) from Japanese investor Natori Nohisa.
Hero MotoCorp, India’s largest 2-wheeler mfrr. is investing ₹205 cr ($30.6 million) in Electric-Vehicle startup Asther Energy.
Mergers & Acquisitions:
American technology firm IBM has acquired Bengaluru-based Sanovi Technologies for an undisclosed sum to bolster its cloud offerings.
Amazon Eurasia Holding to acquire Tata Group’s publishing co Westland for ₹39.8 crore ($600,000).
Infonomics: concept used by enterprises, organisations that allows accounting for data/information like any other valuable asset.
Today, 5 people in a new startup can not only change a country, but the entire world. ~Mukesh Ambani, Chairman -Reliance Group
Formal education will make you a living; self-education will make you a fortune. ~ Jim Rohn