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Oct 18, 2019, 00.32 AM IST
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India emerges 3rd largest ecosystems for successful startups

Leading the pack from the country are payments solutions platform One97 Communications (USD 10 billion), cab aggregator Ola Cabs (USD 6 billion), online educator Byjus (USD 6 billion), and travel-stay finder OYO Rooms.

Maker Village ties up with ARM Holdings

The Kochi-based Maker Village, which functions under the Union government with Kerala Startup Mission as the supporting partner, will thus hold special training and guidance programmes.

Ola launches self-drive business

The company started with a pilot of 500 vehicles in four hubs in Bengaluru — Marathahalli, Whitefield, Koramangala and MG Road. Over the next one year, Ola aims to expand to a fleet of 20,000 cars.

OYO announces launch of an online travel portal for travel agents

Over the course of last four years, Oyo has partnered with close to 12000 travel agents across India and the new portal will simplify the booking experience for travel agents and will help them engage better with consumers.

Ola unveils self-drive car-sharing service ‘Ola Drive’

Ola Drive enables users to design their own package, controlling everything from the number of kilometres and hours to fuel inclusion and the ride-hailing firm intends to host a fleet of 20,000 cars for the service by 2020.

Freshworks eyes funding round at $3 billion valuation

In June last year, Freshworks had said that it had reached $100 million in annual recurring revenues (ARR). Analysts tracking the space peg the current ARR at $150-200 million.

Fighting pollution with the help of pollution

The inventors of “-2.5” device said they have met Delhi transport minister for a possible collaboration. The startup expects to collaborate with the government, NGOs and corporates which have given high priority to environment conservation.

The 32-year-old founder of startup Canva gets $3.2 billion value

At 19, Melanie Perkins and Cliff Obrecht became launched their design platform, Fusion Books. In 2013, Cameron Adams joined them and co-founded Canva. The website helps people create banners, social media graphics and presentations.

SoftBank plans $5 billion rescue financing for WeWork

The fund will come directly from SoftBank and not from the company’s Vision Fund. Masayoshi Son was instrumental in ousting WeWork’s controversial co-founder Adam Neumann, but is convinced the once high-flying startup can be turned around.

White Owl Brewery lands Rs 40 crore in second round

The company said the funds will be used to widen its product portfolio and newer formats.

Intuition + intent + involvement: Tata’s formula to pick startups

Intuition + intent + involvement: Tata’s formula to pick startups

The 81-year-old, who is an investor in some of the biggest startups in the country, while announcing plans to increase the frequency of his investments, added that he was sad to see more startups shifting base out of India.

MyGate gets $56 million from Tencent, Tiger Global, others

MyGate gets $56 million from Tencent, Tiger Global, others

Prime Venture Partners and JS Capital Management join the round.

Cars24 has closed $100 million in Series D funding

Cars24 has closed $100 million in Series D funding

Lead investors Unbound and KCK Global put in $25 million each.

Restaurant bodies want Zomato to tweak ‘gold’ further

Restaurant bodies want Zomato to tweak ‘gold’ further

Two restaurant associations, NRAI and FHRAI are to come up with guidelines for the restaurant aggregator, Zomato, to follow and one of these is to reduce discounts even further for the discounts funded by restaurants are not acceptable.

Chennai-based IoT water management start-up WeGot receives $2 million in seed funding

Chennai-based IoT water management start-up WeGot receives $2 million in seed funding

This capital infusion will be used predominantly to strengthen its IoT enabled product portfolio, scale its presence in India.

Cleartrip's new solution to help customers get special fares

Cleartrip's new solution to help customers get special fares

With, Cleartrip for Work, travellers who reimburse their travel expense can book travel and tap into corporate fares that bundle-in a host of premium perks.

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