Startup News – 31st October 2017
The startup updates for the day:
- Flipkart has signed a strategic partnership deal with Decathlon to tap Sports and Fitness Industry As a part of the deal, sports merchandise across 120 categories will now be available on Flipkart. Read more
- DIPP will be extending funding support to 75 startups under Funds of Fund initiative. Read more
- HRTech startup EdGe networks has raised $4.5Mn Series A funding from Kalaari Capital, Ventureast. Read more.
- Local Taxi Unions win over Ola, Uber in Lonavala. Cab services will be shutting “Outgoing services” in the city. Read more
- FirstCry Parent’s losses soar to $60.6Mn in FY2017 . Read more
- Logistics startup Rivigo has posted a loss of $21.1Mn. Read more
- Farm equipment aggregator Gold Farm has secured $2Mn seed funding from Mahindra and Infuse ventures. Read more
- Cybage Co-founder Deepak Nathani has picked 30% stake in fashion startup Benoit. Read more
- Treebo Hotels reports INR 73.5 cr loss in FY17. Read more
- Ola adds WiFi connectivity to its autorickshaws. Read more
- Ola will be infusing $7.7mn into cab-leasing arm. Read more
- UpGrad is looking to invest INR 300 cr to fund overseas expansion plan. Read more
- OYO has called off acquisition talks with ZO Rooms. OYO says it tried to identify the potential value of acquiring ZO Rooms but could not reach an outcome. Read more
- Toppr has raised INR 45 Cr from SAIF Partners, Helion ventures and others. Toppr will use the funding from existing investors SAIF Partners, Helion Venture Partners and FIL Capital to expand its sales and marketing effort in new cities. Read more
- Lendingkart’s NBFC arm has raised $25 mn from IFMR Capital and others. Read more
- VC-backed app engagement startup Marvin on the brink of shutdown, reports Mint.
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