30 Oct 2019

1. DPIIT to soon approach cabinet for Startup India Vision 2024 The department has proposed measures like easing regulatory requirements for startups such as reducing tax compliance time to just one hour per month and facilities of debt financing, the official said. The other proposals include setting up 500…

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08 Oct 2019

1. Oyo founder Ritesh Agarwal investing $700 m in $1.5-B fresh round Investment to be routed via RA Hospitality and financed by the $2-2.2b debt Oyo CEO had raised. “With the CCI approval now in place, the company will get a capital infusion of $1.5 billion for this mission,…

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03 Oct 2019

1. Startups have it easy for defence deals up to Rs 150 cr While startups can bid for smaller deals, larger ones will have tougher qualification rules. While startups will be encouraged for the smaller contracts, larger procurement plans will require companies to qualify in several parameters that have…

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27 Sep 2019
People Startup Discussion

1. Become profitable, stop gimmicks. Softbank’s Son gives ‘very public lesson’ to startup founders WeWork isn’t SoftBank’s first intervention. Its investment in Uber Technologies Inc. included a deal to block. controversial co-founder Travis Kalanick from taking a CEO or chairman position. Even as his lieutenants were laying the groundwork…

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25 Sep 2019

1. Reliance-backed Haptik acquires conversational commerce platform Buzzo.ai Buzzo.ai joins Reliance Jio-backed Haptik to address the $80 billion voice commerce market for enterprises globally Haptik will also leverage Buzzo.ai’s platform to power multilingual experiences for the next 500 million Indians that come online to shop. Source: ET 2. WeWork’s Adam…

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24 Sep 2019

1. Indian-origin entrepreneur’s startup leads London fintech boom Among fintech investment deals on a global level, London has taken top spot in 2019, with a total of 114 deals, overtaking New York in second place (101). London also attracts a wider international variety of investors than other European hubs,…

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23 Sep 2019

1. Avataar Venture Partners to invest $300 million in B2B and SaaS companies Avataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its maiden fund. The Mauritius-registered fund’s corpus of $300 million, includes an undisclosed amount that it…

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18 Sep 2019

1. Tech companies launch ‘Hyderabad Fintech Forum’ Hyderabad Fintech Forum (HFF), a platform for the exchange of ideas on technology in BFSI (Banking, Financial Services, and Insurance) space to enable and strengthen the start-up ecosystem and make unicorns from the city, was launched here on Tuesday. Principal secretary to…

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10 Sep 2019

1. SoftBank pushes WeWork to postpone its contentious IPO SoftBank has invested a total of about $10.65 billion into the New York-based company, but that has been at a range of valuations. WeWork has lined up a $6 billion credit line that is contingent on it raising at least $3…

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04 Sep 2019

1. Matrix leads first funding round in neo bank Yelo  BENGALURU: New-age digital banking services provider Yelo has raised its first round of institutional funding from Matrix Partners India with participation from Omidyar Network Flourish VC and Better Capital, in the latest instance showing strong investor interest in what is…

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