Current Affairs
January part3
▶ DIPP to release Ecommerce Policy soon, says Commerce Minister Suresh Prabhu. https://4-2.co/2TpGM7E
▶ IVCA, LocalCircles start survey to find startups served with #AngelTax notices. https://4-2.co/2UoZH2i
▶ Rolls-Royce to launch accelerator programme for Indian deeptech startups. https://4-2.co/2BmH0FF
▶ Sachin Bansal invests $7 Mn in BAC Acquisitions. https://4-2.co/2SivuVc
▶ Some VCs opine ecommerce policy favouring large corporates. https://4-2.co/2ScySkF
▶ OYO commits $50 Mn to expand footprint across Philippines. https://4-2.co/2SgXFE3
▶ Paytm expands its travel biz with acquisition of NightStay. https://4-2.co/2HMTqfE
▶ FDI Ecommerce Circular: Business as usual with tweaked pacts say Flipkart, Amazon to sellers. https://4-2.co/2SckF7k
▶ Binny Bansal, Flipkart mafia lead $1 Mn seed funding in Crio. https://4-2.co/2sTcM8e
▶ iSPIRT Submits #AngelTax recommendations to DIPP. https://4-2.co/2sVAQYk
| Company | Founder |
|---|---|
| OYO | Ritesh Agarwal |
| Nightstay | Nasr Khan |
| Flipkart | Binny Bansal, Sachin Bansal |
| Crio | Binny Bansal |
LOGO
▶ 75 Women entrepreneurs graduate under Walmart India’s WEDP- https://4-2.co/2BcFYvM
▶ Election Commission seeks ban on 'Political Ads' On social media 48 hours before polls. https://4-2.co/2sSBTbt
▶ SBI asks UIDAI to look into alleged misuse of #Aadhaar issuer IDs. https://4-2.co/2TfXmqs
▶ Shoppers Stop seeks clarity on Amazon’s stake. https://4-2.co/2HDevsI
▶ Bosch makes first venture investment in India with SimYog. https://4-2.co/2HDPkpN
| Company | Founder |
|---|---|
| Walmart | Sam Walton |
| Bosch | Robert Bosch |
| Simyog | Dipanjan Gope |
LOGO
▶ Fireside Ventures makes six new investments- https://4-2.co/2sUzwF4
▶ OYO to strengthen position in Indonesia by launching services in 100 cities. https://4-2.co/2HBKidF
▶ PhonePe launches wealth management services for millennials! https://4-2.co/2G4Rhcr
▶ BSNL, Tata Motors ink M2M communication SIM deal to make Tata cars smart. https://4-2.co/2HxAOQx
▶ FDI Ecommerce Circular: Domestic cos oppose extension of Feb 1 deadline. https://4-2.co/2sPhCUb
| Company | Founder |
|---|---|
| Fireside ventures | Kanwaljeet singh |
| Phonepe | Sameer Nigam, Rahul Chari, Burzin Engineer |
LOGO
▶ Ola cuts down cash burn at foodpanda, to focus on cloud kitchens. https://4-2.co/2B5J0Si
▶ Exclusive: Health food vendor NutriTap raises seed funds from Apoorva Patni, others. https://4-2.co/2sQbpHt
▶ Zuckerberg plans next-gen integration of Facebook messenger, Whatsapp and Instagram. https://4-2.co/2S5WHKO
▶ NCLAT reserves order on CAIT’s petition against CCI approval of Walmart-Flipkart deal. https://4-2.co/2Hv9t19
▶ Hotel Lobby claims over 200 hotels end agreement with OYO. https://4-2.co/2Tg1nLB
| Company | Founder |
|---|---|
| OLA | Bhavish Aggarwal, Ankit Bhati |
| Foodpanda | Ralph Wenzel, Ben Bauer, Felix Plog, Rohit Chadda |
| Nutritap | Rajesh Kumar |
LOGO
▶ US voices concerns over India’s ecommerce restrictions. https://4-2.co/2sL4wr1
▶ Supreme Court backs Delhi HC stay on 2016 arrest of MakeMyTrip VP over tax arrears. https://4-2.co/2Hy9YaV
▶ Vijay Shekhar Sharma says Paytm Mall to continue, will get 15% GMV from wholesale arm. https://4-2.co/2B49IuG
▶ FDI Ecommerce Circular: Feb 1 deadline may be extended by two months. https://4-2.co/2sLfT2b
▶ Indian Govt may allow single-brand retail cos to get online faster. https://4-2.co/2SbjJQF
▶ Google becomes one of India’s top advertisers with $154 Mn spent in 2018. https://4-2.co/2sIA8xt
▶ Bombay HC tells Maharashtra govt to speed up decision on Ola-Uber fare-fixing. https://4-2.co/2Hr8i2U
▶ Sequoia India launches #accelerator and #incubator programme-Surge. https://4-2.co/2FTL6ba
▶ Fireside, 3one4 Capital invest in Kapiva Ayurveda’s $2.3 Mn funding round. https://4-2.co/2AU3qh9
▶ Google announces new policy for political ads ahead of Indian elections. https://4-2.co/2sIpqqC
▶ OLX to double sales team in 2019 to bolster real estate ops. https://4-2.co/2AYuDPP
▶ Ahmedabad hotels group’s boycott of Swiggy, Zomato enters second week. https://4-2.co/2FX8Yum
▶ Sequoia India invests $6.2 Mn in fintech startup Groww. https://4-2.co/2sI7sVm
▶ FreshMenu raises $1.64 Mn in funding round led by Lightspeed Ventures. https://4-2.co/2HqJCHG
| Company | Founder |
|---|---|
| Larry Page, Sergey Brin | |
| OLX | Fabrice Grinda, Alec Oxenford |
| FreshMenu | Rahmi Daga |
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▶ France fines Google $57 Mn under new EU Data Law: Here’s why- https://4-2.co/2sD8SAx
▶ Microsoft India to empower handloom weavers with a dedicated ecommerce platform. https://4-2.co/2HrEwv3
▶ RBI encourages more payments companies to enter country’s fintech market. https://4-2.co/2HAmOVY
▶ Here are the five agritech startups joining Gastrotope’s first cohort. https://4-2.co/2FOmtww
▶ Matrix Partners leads $1.8 Mn Pre-Series A round in LiquiLoans. https://4-2.co/2TbtgEA
| Company | Founders |
|---|---|
| Microsoft | Bill Gates, Paul Allen |
| Gastrotope | Rajesh Sawhney |
| Liquiloans | Achal Mital |
LOGO
▶ Advantedge founders launches $42 Mn fund to invest in traveltech, logistics startups. https://4-2.co/2T7OG58
▶ Tamil Nadu govt launches startup policy, to set up startup fund. https://4-2.co/2FM7Vxr
▶ Flipkart appoints new Head for Myntra Jabong’s fashion, lifestyle units. https://4-2.co/2FO6yyi
▶ Assam Incubation Centre to help startups accelerate growth. https://4-2.co/2S4EKwk
▶ ShareChat bans 50K users as part of clean content drive! https://4-2.co/2T64t4u
▶ Ola seeks to expand Ola Credit as an NBFC. https://4-2.co/2T4QXyd
| Company | Founders |
|---|---|
| Advantedge | |
| Flipkart | Binny Bansal, Sachin Bansal |
| ShareChat | Farhid Ahsan, Bhanu Singh, Ankush Sachdeva |
| OLA | Bhavish Agarwal, Ankit Bhati |
