1. Swiggy acquires on-demand delivery firm Scootsy for Rs 50 crore
2. Southeast Asian ride-hailing company Grab has raised a new investment of $1 billion from a clutch of financial firms, including global asset manager OppenheimerFunds and China's Ping An Capital at $10 billion valuation.
3. Ola-owned Foodpanda is planning to acquire a Mumbai-based shuttered food delivery startup Holachef in a distress sale.
4. Bytedance is shuttering the popular Musical.ly video app it acquired for nearly $1 billion in December 2017 and will move users to a revamped version of its homegrown competitor TikTok.
5. Artificial intelligence startup Racetrack.ai has secured $5 million from a group of high net-worth individuals in a funding round that has valued it at $21 million.
6. Bengaluru-based startup ZestMoney on Thursday said it has acquired artificial intelligence platform PhotographAI.
7. Bollywood actor John Abraham has picked up a minority stake in a Mumbai-based Guardian Healthcare, which works as a franchise partner of US-based health and nutrition company GNC in India.
8. Lenskart’s valuation reached at Rs 3,400 crore in the latest secondary deal led by TR Capital and Hong Kong-based hedge fund Steadview Capital.
9. Prime Minister Narendra Modi will launch the India Post Payments Banks (IPPB) on August 21.
10. Data analytics startup Mu Sigma is reportedly in discussion with private equity firm TPG Capital for a large stake sale, which could value the company at around $1.2B.
11. WS Retail, Flipkart’s former in-house vendor and one of the largest sellers in the Indian e-commerce space, has stopped selling on the Bengaluru headquartered e-tailer’s platform, reported ET.
12. New Delhi-based micro-finance company, Satya MicroCapital has raised Rs 43 crore in funding led by Japan’s Gojo & Company, along with existing investor Dia Vikas Capital Pvt. Ltd.
13. Walmart is looking out for 1,000 tech graduates to fill in various technology roles.
14. Months after launching operations in Australia, Ola, Indian ride-hailing company, today announced its plans to enter the UK cab market, set to begin operations in South Wales and Greater Manchester shortly and plans to expand nationwide by the end of 2018.
15. India’s first 360 degree sports tech-ecosystem, Run Adam, was officially launched today by MS Dhoni. The former Indian Cricket Captain has acquired 25% stake in his personal capacity in the bootstrapped tech-company.
16. Bangalore-based B2B eCommerce company, SHOPX has raised $35 million in a new round of funding from Fung Strategic Holdings Limited (“FSH”).
17. Taiwan-based artificial intelligence (AI) startup Appier has acquired Indian content marketing company Qgraph for an undisclosed amount.
18. Co-working space operator GoWork is in talks with private equity funds for raising a fresh funding round of $200 million, reported ET.
18. Alibaba Group plans to merge its food delivery units - Ele.me & Koubei and is looking to raise between $3 billion and $5 billion for the combined entity.
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