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Nitish

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MIDDLE EAST

June 4th, 2018 Uber is "finished" in Turkey said Turkey President Recep Tayyip Erdogan following intense pressure from Istanbul based taxi union to banned Uber. The Istanbul based yellow taxi union is saying the ride-hailing app Uber is eating their business without having a proper legal basis for work. The Turkey government agreed on new rules...
News

May 31st, 2018 Online knowledge sharing firm Quora will now available in Hindi, a move that will allow about 500 million Hindi speakers to engage on the platform in Hindi. Founded in 2009 by Adam D'Angelo, former CTO of social networking giant Facebook. About half of Quora's user base is from outside the US, including from India. The...
FUNDING

May 31st, 2018 Bengaluru based Agritech startup Stellapps raises $14 million funding led by Bill and Melinda Gates Foundation and IndusAge Partners, among others. Stellapps Technologies have one of the largest dairy IoT platforms in India and they will use the current funding for product development and operation expansion including for...
FUNDING

May 30th, 2018 Bengaluru based ToneTag, a contactless payment platform has raised $8-10 million from investors like Amazon Inc. and Mastercard etc. Founded in 2013, ToneTag enables contactless digital transactions on mobile phones, card swiping machines, automated teller machines and other payment-enabling devices. The payment platform enables...
BUSINESS

May 30th, 2018 India's leading digital wallet company Paytm, has reduced its losses to Rs 899.6 crore in the financial year 2016-17 compared to the previous fiscal, as per regulatory documents. The company had posted a loss of Rs 1,496.7 crore in 2015-16 fiscal against a total income of Rs 597.8 crore, as per documents filed by the company with the...
FUNDING

May 29th, 2018 Gurugram based Digital insurance platform Toffee has raised $1.5 million (around Rs 10 crore) seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab. Founded by Nishant Jain and Rohan Kumar, the digital-only platform launched its beta version in December 2017. Toffee’s tech...
FUNDING

May 29th, 2018 Bengaluru based YCook, a ready-to-cook processed package food startup raises $5 million (about ₹33.7 crore) in a Series B funding. The current funding round saw participation from Binny Bansal led venture capital firm 021 Capital, Oikocredit. The existing investor Omnivore also participated in this round. The food company will use...
FUNDING

May 29th, 2018 Mumbai, May 29, 2018:  Orowealth, India’s first zero commission Direct Mutual Fund Platform has raised $1.6 mn in Series A funding. The funding round was led by Powerhouse Ventures with participation by Money Forward Inc., one of the largest publicly listed fin-tech companies in Japan; a prominent US VC Social Capital, under their...
ACQUISITION

May 15th, 2018 Mumbai- India’s payment startup PayMate announced the acquisition of Z2P (Zaitech Technology Pvt. Ltd.), a digital lending platform which provides hassle-free and real-time credit using social and banking data along with proprietary analytics and AI. The acquisition is expected to be completed by May 2018 and it follows the...
FUNDING

May 15th, 2018 Gurugram based fintech platform Aye Finance raises another Rs. 30 crores debt funding from India's leading public sector bank State Bank of India (SBI). Earlier Aye Finance raises Rs 30 crores as debt financing from BlueOrchard Finance Ltd. Also, this is the second time that the SBI has extended a debt facility to Aye to lend more...
FUNDING

May 14th, 2018 India's top management institute IIM-Ahmedabad has launched USD 25 million fund for startups working in the areas of financial inclusion, livelihood, education, and health over the next three to four years. The initiative is known as the Bharat Inclusion Initiative, which aims to invest in startups in fintech, education etc with the...
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