Startup News – 3rd October 2017

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

• Car repair and servicing startup Pitstop – Car Repair & Service has raised $1 Mn Series A funding from Blume Ventures and Singapore-based Goldbell Group.

• The Bangalore chapter of global angel network Keiretsu Forum has led a nearly $1 million (Rs 6.5 crore) seed round in aerospace and defence technology startup Aadyah Aerospace Pvt. Ltd.
• Engee Wellness, which runs a foot-only reflexology chain under the brand Thai Way Foot Spa & Reflexology, has raised an undisclosed amount in its pre-series A round from group of investors.
• Tata group‘s financial services arm Tata Capital has named banking veteran Rajiv Sabharwal as its next chief executive officer and managing director.
• Food delivery company Swiggy has appointed former Olam International executive Rahul Bothra as its first chief financial officer.

• IKEA has announced a deal to acquire on-demand help startup TaskRabbit as the world’s largest furniture retailer grabbed a seat in the online sharing economy.
• Airbnb enters restaurant reservation business, it has teamed up with Resy, which will be a minority shareholder in the new venture, to offer table reservations.
• Vasonomics, a leading VAS services player in Africa, has announced that it has made a strategic Investment in CreatioSoft, iGaming solutions provider based in India catering to various geographies.
• Qualcomm Incorporated today announced the top two winners (Tagbox Solutions, Steradian Semiconductors) from Cycle I of its Qualcomm Design in India Challenge II (QDIC II) who were awarded USD 75,000 each as the winners of the Challenge in Cycle I.

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