Startup News - 10/07


1. Chinese VC Ganesh Ventures partners with Alibaba.com's Jack Ma to invest $250M in Indian startups.

2. After Flipkart, Walmart is now looking for tech acquisition to strengthen its technology unit, Walmart Labs in India.

3. Gurugram-based sales professionals aggregator platform, Avenue Growth has raised Rs 3 crore in its Pre-Series A funding to accelerate its strategic growth and expansion plans.

4. Venture Catalysts invests Pre-Series A funding in medical devices technology company, iNICU

5. Early-stage venture capital firm Inventus Capital Partners India has made the first close of its third fund at Rs 200 crore to invest in B2B and B2C startups.

6. Bengaluru-based Bigbasket is aiming to touch a $1 billion (₹6,865 crore) gross sales run rate by March 2019, as it prepares for an intense battle against Walmart and Amazon.

Comments