IndianWeb2

Suman Chaudhary

An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

Noida-based RailYatri, a train-travel app startup backed by Infosys co-founder Nandan Nilekani, has raised an undisclosed amount of funding in a Series B round led by impact investor Omidyar Network.Existing investors Nandan Nilekani along with early-stage venture capital firm Blume Ventures, and homegrown venture capital fund Helion Venture...

When asked who is sitting at the forefront of financial innovation, very few are likely to immediately think of India. However, where eWallets are concerned, India’s adoption and usage of these mobile methods of storing currency is certainly work taking note of. Until fairly recently, India’s monetary transactions were...

India’s retail market could face a major sudden disruption soon if Walmart close a big deal with e-commerce giant Flipkart. According to Bloomberg, Walmart hopes to acquire a controlling stake in Flipkart for $12 billion or more and announce the deal agreement in as many as...

Chinese smartphone maker Oppo has made its first India investment with funding of New Delhi-based women-centric digital media startup POPxo. Oppo along with South Korean company Doosan Corporation’s investment arm led the $5.52 million (~ Rs.37 crore) funding in POPxo.Existing investors, including Japanese firm GREE Ventures, IDG Ventures India,...

Entrepreneurship Development Institute of India (EDII), an acknowledged national resource Institute for Entrepreneurship Education, Research, Training and Institution Building, will provide entrepreneurship support to over 7,000 youth in 40 aspirational districts (out of total 115 districts identified by Govt. Of India) under the aegis of Department of Science &...

The Government of India and the World Bank today signed a $125 million loan agreement to support India in developing an innovative biopharmaceutical and medical devices industry, which is globally competitive and addresses the country’s major concerns around barriers to affordable healthcare.The Innovate in India for Inclusiveness Project (I3)...

National Institution for Transforming India (NITI) or Niti Aayog, a policy think tank of the Government of India, will soon seek applications for Atal New India Challenge under which it will provide grants of upto Rs 1 crore will be given.Speaking elaborately, for Atal New India Challenge Niti Aayog...

Kochi-based Padath Infotainment on Monday launched SocialMob, which is an artificial intelligence (AI) powered music and content delivery platform, in India.With the launch, SocialMob has become India's first AI-powered music networking solution. Depending on your interest the AI in the app will customize itself, giving you...

Mumbai-based Doxper, a health tech startup which has created a digital pen and coded paper system for doctors to record patient information, has raised $1.1 million (approx Rs 7.3 crore) in a pre-series A round led by existing investor Vidal Healthcare, a health insurance company,

Capital Float, a Bengaluru headquartered digital lending startup, has raised $22 million (~ ₹144 crore) in equity funding from Amazon Inc. This round will be part of the Series C round in August 2017 when it raised $45 million (~ ₹293 crore) from US-based Ribbit Capital...