IndianWeb2 is back again with its weekly round-up. Here are the 10 news which made the headline this week:
Here Comes The News Of Mobikwik Raising Funds
If sources to be believe, Gurgaon-based startup, Mobikwik is in talks to raise $100 – $150 million in a round that would value the company at more than $1 billion. Upasana Taku, co-founder of Mobikwik has confirmed the news to one of the digital media. This round will lead the company towards the India’s elite club of unicorn startups. Investor’s names are not yet revealed by the co-founder, however, she has said that the startup would include one major strategic investor and a number of financial institutions.
The possible fund raise will happen in next couple of months. Further, post raising funds, company plans to invest $45 million of the capital raised on growing user and merchant bases, and expand its current base of six offices to more than 20.
Google Launches Website Builder For SMBs And Startups
The tech giant, Google has rolled out “Website With Google My Business”, a new feature that will help SMBs and startups in India to build a mobile optimised website instantly right from their phone in less than 10 minutes. Being made available in ten languages including English, Hindi, Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Kannada and Malayalam, the tool will let businesses create their first website absolutely free of cost.
Available for Google My Business users, this new feature will provide templated, editable websites for SMBs created from their data and photos on Google Maps. The tech giant makes use of small businesses listing to build the website, taking care of the design and makes sure that their website is easily found in Search and Maps.
Co-working Space Innnov8 Elevates Shailesh Gupta As CEO
Co-working space, Innov8 is further strengthening its foothold by adding 7 more centres to its portfolio in next 6 months. The company plans to be in 5 major cities by FY 17. Further company’s board has elevated Shailesh Gupta, one of the two co-founders, as CEO while Dr Ritesh Malik will become the MD of the company.
Within a year and a half of its launch, the startup is operational in Bengaluru, Chandigarh and Delhi and is expanding to Mumbai, Noida and Gurugram by the year-end.
PayTm Mall Rope In Amit Sinha As COO
Paytm Mall has appointed Amit Sinha as the Chief Operating Officer (COO). He will be responsible for overall operations of Paytm Mall and expanding the team to ensure customers have access to the widest assortment of products across categories, delivered quickly through an efficient and optimised partner logistics network. Sinha has served in several key business roles in Paytm and helped implement critical business, HR and financial processes for the company.
Indian Startups Fasten Your Seatbelt And Get Ready To Bag Investment From 500 Startups
Silicon Valley-based early-stage venture fund, 500 Startups is on its way to make 10-12 investments in the Indian startup industry this year. Some of 500 Startups’ global micro funds have already started making investments in the Indian subcontinent this year.
Founded by Dave McClure and Christine Tsai in 2010, the seed accelerator is on the verge of making seven deals in totality, starting with the investment in Spoyl, a used-goods marketplace in December 2016.
Chip Maker Intel Corporation To Invest $178 Mn
Intel Corporation will soon going to invest $178 million in expanding its R&D presence and building a new state-of-the-art design house in Bengaluru. The R&D infrastructure in India will enable the company to continue their momentum in doing cutting-edge innovation and design work from India. Intel India is Intel’s largest design center outside the United States and is engaged in cutting-edge engineering work such as chip or system-on-chip design, graphics, software and platform for the cloud, devices and IoT markets involving advanced technology areas such as artificial intelligence, virtual reality and 5G.
Spark10 Accelerator Invites Application For Its Cohort
As part of its newly designed accelerator program, Spark10 accelerator has invited applications for its latest cohort. Previously run two cohorts, in Hyderabad and Bangalore, the accelerator in the past 18 months has invested in 13 Indian startups from fields ranging from artificial intelligence, machine learning, cybersecurity, e-commerce to nightlife discovery with a collective approximate valuation of over Rs. 50 crores.
The 2016 cohort saw the brightest of Indian startup-brains compete for selection to the first accelerator programme by Spark10. The nine startups mentored in this cohort gained immensely from the mentorship of the experienced team of entrepreneurs, investors and mentors of Spark10.
Visakhapatnam, The Next Tech Startup Hup
Visakhapatnam is all set to be the hub for technology startups. V Valli Kumari, Chief Executive Officer of APIS has stated that they’re looking at young and local talent whose ideas could be turned into successful business models.
The incubation centre which will be specifically promoting IT, electronics, telecom, fabrication and manufacturing startups will soon be coming up. Further, they will soon be organising ‘India International Innovators Fair’ in Visakhapatnam that will see participation from innovators from 30 countries.
Rape Victim Files A New Lawsuit Against Uber
A woman who was raped by an Uber driver in India has filed a new lawsuit against the Uber as company’s executives had obtained her medical records following the attack.
Identified as Jane Doe, the Indian woman and current Texas resident previously filed suit against the company in 2015 after being raped by an Uber driver, charging the ride-hail giant with negligence and fraud. The case was reportedly settled for over $3 million, while her attacker Shiv Kumar Yadav was convicted and imprisoned for life.
An Update On Indian Bitcoin Startups
When it comes to India, bitcoin is still in its nascent stage in the South Asian country. Though not yet recognised by the country’s government, but the bitcoin industry in India is still seeing an increasing growth in number of bitcoin players as well as users. According to experts, the increasing acceptance of the digital currency is fuelled by the surge in its value. The year 2017 especially has been a good one for bitcoin so far as its value touched an all-time high. So, where does India stand on bitcoin? This article aims to make you aware of just that.
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