03 Apr 2020
Bigbasket, Flipkart look to hire cabs for deliveries

1. Sachin Bansal, others pump in over Rs 3,000 crore in Navi Technologies Navi Technologies, the financial services holding company controlled by Flipkart co-founder Sachin Bansal, has raised over Rs 3,000 crore, after he and other investors infused fresh capital into the Bengaluru-headquartered company. According to documents filed with…

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02 Apr 2020
nvestors tell Indian startups to ‘prepare for the worst’ as COVID-19 uncertainty continues

1. The startup ecosystem gets its ACT together, sets up fund to help fight COVID-19 The startup industry, in yet another major initiative to help fight COVID-19 has come together to create a fund of Rs 100 crore and a pool of experts who can help the sector in…

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01 Apr 2020
Energy Tech Unicorn RigUp Latest Startup To Lay Off In Austin

1. Vericool raises $19.1 million for its plant-based packaging replacement for plastic coolers Vericool, a Livermore, Calif.-based startup that’s replacing plastic coolers and packaging with plant-based products, has raised $19.1 million in a new round of financing. The company’s stated goal is to replace traditional packaging materials like polystyrene…

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31 Mar 2020
Unacademy acquires Kreatryx to focus on engineering segment

1. From Flipkart to Uber, startups unite to deliver essentials E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to…

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30 Mar 2020
How countries are using technology to fight coronavirus

1. Unicorn India Announces First Close Of INR 400 Cr Fund II Mumbai-based venture fund Unicorn India Ventures has announced the first close of its INR 400 Cr Fund II with a corpus of INR 90 Cr. The fund will be used to invest in early-stage startups, in Pre-Series…

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27 Mar 2020
iPhone makers suspend India production due to lockdown

1. iPhone makers suspend India production due to lockdown Foxconn and Wistron have suspended all production at their Indian plants to comply with a nationwide lockdown ordered by Prime Minister Narendra Modi, hitting the output of Apple iPhones and other gadgets. Foxconn, also known as Hon Hai Precision Industry…

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26 Mar 2020
Video streaming services like Netflix

1. Tackling the virus: Big tech, ecomm pitch in for PM Innovate Challenge Technology companies such as Microsoft, Intel, Amazon Web Services and Flipkart have come forward to pitch ideas under the PM Innovate Challenge on Coronavirus, which was launched last week. The Challenge has already received more than…

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25 Mar 2020

1. BigBasket buys micro delivery startup DailyNinja BigBasket said it has acquired micro-delivery startup DailyNinja to consolidate its subscription delivery business. The deal is estimated to value Bengaluru-based DailyNinja at around Rs 48 crore in stock, people aware of the matter told ET requesting anonymity. The online grocery delivery…

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24 Mar 2020
Edtech firms reap dividend as schools, universities go online

1. Edtech firms reap dividend as schools, universities go online Educational technology companies are taking online education to the next level, as schools, colleges and coaching centers close down following the spread of the Covid-19 virus. Many students and professionals are signing up for online classes, for entrance exams…

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23 Mar 2020
Venture capital hustle on hold

1. Govt launches chatbot on WhatsApp to create awareness about coronavirus The Ministry of Health and MyGov, along with WhatsApp, have launched a helpline number to raise awareness and answer questions about the COVID-19 pandemic. Starting Saturday, WhatsApp users across the country can reach out to the ministry of…

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