Startup News – 7th November 2017

Startup updates for the day:

• Paytm has announced the integration of BHIM UPI on its platform today, with an aim to double the monthly userbase of the digital wallet in the coming 2 years.
• Hospitality startup Freshup has raised $1.5M seed funding from Singapore-based Lotus Global Investments.
• Logistics company Quickdel refuses to withdraw Rs 300 crore notice against online marketplace Snapdeal.
• Infosys’ Kris Gopalakrishnan invests in big data startup Crayon – goo.gl/6bymnR
• DocTalk, a messaging app for doctors and patients, has raised $5M funding in a round led by Silicon Valley-based VC firm Khosla Venturesand Matrix Partners India.
  
• Titan Co Ltd, Tata Group’s watch and jewellery retailing firm, has invested $3-5 million (Rs 19.5-32.5 crore) in Singapore-based wearable technology startup COVE – IoT Wearable Platform,
  
• Product engineering solutions provider AXISCADES Engineering Technologies Ltd is set to acquire specialised embedded technology company Mistral Solutions Pvt. Ltd. for Rs 175 crore ($27 million).
  
• Ahmedabad- and Bangalore-based fin-tech firm Lendingkart has appointed GS Sundararajan, former India head of non-banking finance company Fullerton, to its board as an independent director.
  
• Gurgaon-based small business loan provider Aye Finance Pvt Ltd has received Rs 32 crore ($4.9 million) debt funding. goo.gl/NavDsK
  
• Chronic focused e-pharmacy Medsonway has raised $600,000 funding from RPG Ventures, the venture capitalist arm of RPG Group.
  
• Express Bike Works – EBW Strengthens Foothold in Mumbai –goo.gl/djhZgX
  12. Dailyhunt, Indian news and local language content application announced the launch of Dailyhunt Lite – a Progressive Web App (PWA), to enable an optimized, fast loading, native app-like experience on mobile web. goo.gl/tNDXdo
  
• Oak Analytics, Intello Labs and Y cook won cash price of 3 lakhs, 2 lakhs and 1 lakh respectively at World Food India event. goo.gl/VyzrvS
  
• Co-working Space One Co.Work Forays into Bengaluru – goo.gl/syNSWj
  
• The Government of Rajasthan recently launched iStart, A Unique Fund-raising Assistance Program for Startups – goo.gl/G5sCaJ

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