1. Social e-commerce platform Shop101 has secured $5 million led by Stellaris Venture Partners with participation from Vy Capital, TaxiForSure co-founder Raghunandan G, and Livspace co-founder Ramakant Sharma.
2. Virtual reality startup SmartVizX has raised Rs 10 crore in pre-series A funding from YourNest Venture Capital and the Indian Angel Network’s IAN fund.
3. Chinese bicycle sharing behemoth ofo has finally decided to shut down its operations in India within the next 60 days. It has around 30 employees in India.
4. Paytm has introduced forex service for money exchange of 20 international currencies on its platform in partnership with Centrum Direct.
5. Facebook-owned WhatsApp launched its “forwards label” in India, a measure that will help users identify if a text or a video is not originally composed and forwarded from another user.
6. SYSKA LED Group, a home grown brand has entered the Wires and Cables segment in India after successfully bringing innovations in the LED Lighting, Mobile Accessories and Personal Care appliances market.
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