Startup News – 14th November 2017
Startup updates for the day:
- EasyRewardz, an enterprise focused end to end customer engagement providing platform, has raised $2M in Series A funding, led by TransContinental Venture Fund, and existing angel investors Jitendra Gupta and Vinay Chatlani (MD and CEO Soch).
- Flipkart owned fashion subsidiaries Myntra and Jabong are now entering into the $400M (Rs 2750 Cr) Indian toys market.
- T-Hub Hyderabad, in collaboration with American tech conglomerate United Technologies Corporation (UTC), has selected five video analytics startups for the first cohort of its Smart City/Smart Building NanoAccelerator programme include IntelliVision, Duran Inc, Emza Visual Sense, Uncanny Vision Solutions Pvt. Ltd. and Cognitifai.
- Kamal Karanth A, former Managing Director at Kelly Services India and Malaysia along with Anil Kumar ET, former Managing Director of RGF India, have announced their new venture. Xpheno, a specialist staffing company, will address the growing demand for skilled talent in industries like IT, Life Sciences, Consumer Retail and Engineering Sectors in India.
- Hungry Foal secured a Pre – Series A Funding from GAIL (India) Limitedunder GAIL’s startup initiative ‘Pankh’.
- Fashion focused e-tailer Voonik has told 200 employees that the Bengaluru-based company won’t be able to pay them their salaries for the next three months as it undertakes massive cost-cutting measures, reported ET.
- StartupXseed Ventures LLP has on boarded Canbank Venture Capital Fund Limited (CVCFL) for an investment of 20 percent of the fund size.
fin-tech startup Active.Ai has raised $8.25 million (Rs 54 crore) in a Series A funding round co-led by Vertex Ventures, Creditease Holdings and Dream Incubator.
- Japan’s SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage, reported VCCircle.
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