1. Flipkart will shut down eBay.in, and will launch a new platform to sell refurbished goods.
2. China’s internet giant Tencent has held talks to lead a fresh $300-500 million financing round in budget hotel brand Oyo Rooms, that is likely to value Oyo at over $2 billion.
3. Digital payments major PayU has acquired Israel-based payments technology company ZOOZ for an undisclosed amount. It also launches a SMB payment platform, PayUnow.
4. Byju’s has acquired Bengaluru-based math learning startup Math Adventures for an undisclosed amount.
5. Pune-headquartered industrial internet of things (IoT) firm Infinite Uptime has raised $5 million in Series A funding from a set of venture and private equity funds.
6. IRCTC will now charge Rs 12 plus taxes for every ticket booked through online travel agents Like MakeMyTrip, Yatra, Paytm and Cleartrip as annual maintenance charges (AMC), reported ET.
7. After Canada, Paytm is set to launch a mobile digital payment in Japan.
8. Jaipur-based subscription pharmacy brand ‘LifCare’, has raised $11M Series B from SAIF Partners, Nexus Ventures and IL&FS.
9. General insurance startup Digit Insurance has raised Rs 315 crore (~$45M) in a second round of funding from Fairfax Holdings.
10. Co-working space provider My Awfis has raised $20 million in series C funding from its existing investors Sequoia Capital, The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor and Temasek-backed InnoVen Capital.
11. NITI Aayog, will fund 80 incubation centers including Atal Incubation Centers and Established Incubation Centers (EICs), across the country, in 2nd phase of start-up India program. In the first funding phase, it had selected only 19 incubation centers.
12. Taiwanese contract manufacturer Wistron, which makes iPhones for Apple in India, may raise its investment in Karnataka facility to Rs 3,000 crore.
13. Kishlay Foods Pvt.Ltd which manufactures snacks, chips and biscuits has raised $15 million (Rs 100 crore) in its latest round of funding.
14. Aye Finance Pvt Ltd, the fintech company, has expanded its reach to 100 cities in 11 Indian states.
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