Current Affairs

January part3

▶ DIPP to release Ecommerce Policy soon, says Commerce Minister Suresh Prabhu.

▶ IVCA, LocalCircles start survey to find startups served with #AngelTax notices.

Rolls-Royce to launch accelerator programme for Indian deeptech startups.

▶ Sachin Bansal invests $7 Mn in BAC Acquisitions.

▶ Some VCs opine ecommerce policy favouring large corporates.


OYO commits $50 Mn to expand footprint across Philippines.


Paytm expands its travel biz with acquisition of NightStay.


▶ FDI Ecommerce Circular: Business as usual with tweaked pacts say Flipkart, Amazon to sellers.


▶ Binny Bansal, Flipkart mafia lead $1 Mn seed funding in Crio.


▶ iSPIRT Submits #AngelTax recommendations to DIPP.


Company Founder
OYO Ritesh Agarwal
Nightstay Nasr Khan
Flipkart Binny Bansal, Sachin Bansal
Crio Binny Bansal


▶ 75 Women entrepreneurs graduate under Walmart India’s WEDP-


▶ Election Commission seeks ban on 'Political Ads' On social media 48 hours before polls.


▶ SBI asks UIDAI to look into alleged misuse of #Aadhaar issuer IDs.


Shoppers Stop seeks clarity on Amazon’s stake.


Bosch makes first venture investment in India with SimYog.


Company Founder
Walmart Sam Walton
Bosch Robert Bosch
Simyog Dipanjan Gope


Fireside Ventures makes six new investments-


OYO to strengthen position in Indonesia by launching services in 100 cities.


PhonePe launches wealth management services for millennials!


▶ BSNL, Tata Motors ink M2M communication SIM deal to make Tata cars smart.


▶ FDI Ecommerce Circular: Domestic cos oppose extension of Feb 1 deadline.


Company Founder
Fireside ventures Kanwaljeet singh
Phonepe Sameer Nigam, Rahul Chari, Burzin Engineer


Ola cuts down cash burn at foodpanda, to focus on cloud kitchens.


▶ Exclusive: Health food vendor NutriTap raises seed funds from Apoorva Patni, others.


▶ Zuckerberg plans next-gen integration of Facebook messenger, Whatsapp and Instagram.


▶ NCLAT reserves order on CAIT’s petition against CCI approval of Walmart-Flipkart deal.


▶ Hotel Lobby claims over 200 hotels end agreement with OYO.





Company Founder
OLA Bhavish Aggarwal, Ankit Bhati
Foodpanda Ralph Wenzel, Ben Bauer, Felix Plog, Rohit Chadda
Nutritap Rajesh Kumar


▶ US voices concerns over India’s ecommerce restrictions.


▶ Supreme Court backs Delhi HC stay on 2016 arrest of MakeMyTrip VP over tax arrears.


▶ Vijay Shekhar Sharma says Paytm Mall to continue, will get 15% GMV from wholesale arm.


▶ FDI Ecommerce Circular: Feb 1 deadline may be extended by two months.


▶ Indian Govt may allow single-brand retail cos to get online faster.


Google becomes one of India’s top advertisers with $154 Mn spent in 2018.


▶ Bombay HC tells Maharashtra govt to speed up decision on Ola-Uber fare-fixing.


▶ Sequoia India launches #accelerator and #incubator programme-Surge.


▶ Fireside, 3one4 Capital invest in Kapiva Ayurveda’s $2.3 Mn funding round.


Google announces new policy for political ads ahead of Indian elections.


OLX to double sales team in 2019 to bolster real estate ops.


▶ Ahmedabad hotels group’s boycott of Swiggy, Zomato enters second week.


▶ Sequoia India invests $6.2 Mn in fintech startup Groww.


FreshMenu raises $1.64 Mn in funding round led by Lightspeed Ventures.


Company Founder
Google Larry Page, Sergey Brin
OLX Fabrice Grinda, Alec Oxenford
FreshMenu Rahmi Daga


▶ France fines Google $57 Mn under new EU Data Law: Here’s why-


Microsoft India to empower handloom weavers with a dedicated ecommerce platform.


▶ RBI encourages more payments companies to enter country’s fintech market.


▶ Here are the five agritech startups joining Gastrotope’s first cohort.


Matrix Partners leads $1.8 Mn Pre-Series A round in LiquiLoans.



Company Founders
Microsoft Bill Gates, Paul Allen
Gastrotope Rajesh Sawhney
Liquiloans Achal Mital


Advantedge founders launches $42 Mn fund to invest in traveltech, logistics startups.


▶ Tamil Nadu govt launches startup policy, to set up startup fund.


Flipkart appoints new Head for Myntra Jabong’s fashion, lifestyle units.


▶ Assam Incubation Centre to help startups accelerate growth.


ShareChat bans 50K users as part of clean content drive!

Ola seeks to expand Ola Credit as an NBFC.



Company Founders
Flipkart Binny Bansal, Sachin Bansal
ShareChat Farhid Ahsan, Bhanu Singh, Ankush Sachdeva
OLA Bhavish Agarwal, Ankit Bhati


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By shavika

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