InstaOffice – Startup news of the day [Top 10] – 27th July

Here is your daily dose of startup news for the day!

1. Snapdeal Board Approves Flipkart’s $900-$950M Takeover Offer. Read more here.
2.  The Government of India is reportedly looking to enter the online cab aggregator market, which is currently ruled by players like Uber and Ola. Read more.
3. Telangana Government all ready to set up an early-stage investing vehicle T-Fund (Telangana Innovation Fund) in collaboration with T-Hub. Details here.
4. Axis Bank set to acquire Freecharge from Snapdeal for up to $62m. Read more here.
5. Hyperlocal online grocery delivery startup Grofers has received the final approval from the DIPP for food retail and the company will bring an additional capital of $40 Mn within the next few weeks to expand its business and grow the market. Read more here.
6. Zoho’s new operating system, Zoho One, bundles all its 35+ apps, at just 1$ per user per day. Read more.
7. Goldman Sachs is leading a Rs 160 crore financing round in the Gurgaon-based budget hotel brand FabHotels. Read more here.
8. Chinese internet conglomerate Tencent is in advanced talks to invest in India’s largest ride hailing app Ola. Read more here.
9. Private equity firm Peepul Capital LLC has invested again in Innovative Foods Ltd, which markets frozen food products under the Sumeru brand. Read more here.
10. Gurgaon-based 1mg Technologies Pvt. Ltd, an operator of the online drug marketplace 1mg, has raised $15 million (Rs 96.7 crore) in a Series C round of funding from its existing investors. Read more here.

Check this space for your daily dose of startup news!