Startup News – 29th November 2017
Here are #StartupDidi’s main gossip for the day:
SoftBank eyes $200M-$250M investment in foodtech startup, Swiggy.
Connected Transport Incubator Autonebula has secured $7M SEBI approved funding.
Myntra is likely to acquire a stake in Mumbai-based women-focused online fashion platform 20Dresses.com, reported VCCircle.
Flipkart has reportedly appointed Ravi Garikipati, its chief technology officer, as head of fin-tech department.
B2B logistics startup BlackBuck, which is run by Zinka Logistics Solutions Pvt. Ltd, has appointed Dinesh Ajmera as chief technology officer.
Former TPG Growth adviser Anjali Bansal joins Delhivery board, reported VCCircle.
McAfee and Skyhigh Networks announced a definitive agreement to combine businesses, with McAfee acquiring Skyhigh Networks for an undisclosed amount.
Impact investor Lok Capital, which is looking to close its Fund III at $90-100 million in the next three to four months has already deployed about 60% of the capital raised so far in the first 18 months of the fund, reported ET.
Online marketplace Paytm Mall has held initial talks with Japanese investment giant SoftBank for leading a $500-600 million financing round, reported TOI.
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