Startup News – 5th December 2017
The startup world has no dearth when it comes to the new news! Read on to find out the headlines of today!
- Google led Rs 80 Cr series B round in Bengaluru hyperlocal startup Dunzoit
- Facebook is launching a messaging app for kids under 13 to chat with their parents and with friends approved by their parents.
- Former CEO of CCD (Café Coffee Day) Naresh Malhotra is creating an early-stage startup family fund of Rs 50 crore ($7.8 million).
- Shalabh Seth has resigned less than a year after joining Ola as chief executive of its cab leasing business
- Baba Ramdev’s Patanjali to diversify into the solar power business. Patanjali Ayurved plans to invest Rs100 crore for manufacturing solar power equipment, MD Acharya Balkrishna says.
- Paytm Payments Bank has committed Rs3,000 crore over the next three years to expand offline distribution network by allowing trusted local partners to act as potential cash-in and cash-out points, it said in a statement.
- Facebook in partnership with T-Hub Hyderabad will work with VR-focused startups.
Amazon Launchpad, the one-year-old global startup initiative of US-based Amazon.com Inc, has joined hands with hardware accelerator HAX and crowdfunding community Kickstarter to launch a startup challenge in India.
- Bicycle sharing startup MoBycy has raised $500,000 (Rs 3.2 crore) in a seed round from a US-based angel investor.
- Mirc Electronics Ltd, which makes electronics products under Onida and IGO brands, is raising nearly Rs 144 crore ($22 million) in a round led by ace stock market investor Ashish Kacholia.
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