1 Walmart is expected to close the Flipkart deal within a week or a fortnight at the most.
2. Gurugram-based India Accelerator has raised funding led by InvestMind Solutions and Singapore-based HotStar ventures.
3. Hyperlocal micro-delivery platform DailyNinja has acquired Hyderabad’s local milk and daily essentials delivery platform, 4amShop, for an undisclosed amount.
4. Indian government is considering launching crypto tokens for financial transactions in the country.
5. Edtech startup Unacademy is in advanced talk to acquire online exam preparation platform WiFi Study, reported Entrackr.
6. Pune-based startup Sminq is in talks with PE investors to raise $8-10 million for expansion financing to strengthen a new app that lets users share real-time information with others from verified locations around the world, reported ET.
7. Delhi-based Olly Credit, which offers loans to salaried individuals through instant microcredit cards, has raised an undisclosed amount in funding from China-headquartered fintech incubator and investor JadeValue, and Mumbai-based Lead Angels Network.
8. India has a $50 Bn potential online commerce market, and 11 startups are already tapping into it.
9. The ministry of Road Transport has issued a notification that the digital Driving License, Registration Certificates from Digilocker are now legally recognised at par with original docs.
10. Bengaluru-based consumer finance startup HappyEMI has raised a seed funding of $1 Mn from AJ Ventures and Jain International Trade Organisation (JITO).
11. Venture Catalysts has made a pre-series A round of funding worth $1 Mn in Gurugram-based Try & Buy Fashions.
12. Women-focused food and beverage startup &ME has raised a fresh funding from Matrix Partners India.
13. Paytm Mall is targeting for a three-fold rise in annualised gross sales and is set to achieve the $10B mark by March 2019.
14. OYO may soon raise nearly $500M to $1B in its next funding round, at a valuation of more than $4B, reported ET.
15. Nazara Games has picked up 10% stake in Bengaluru-based VR gaming company InstaSportz Consultancy Pvt Ltd.
16. Girnar Software, which owns and operates auto portals CarDekho, Gaadi, ZigWheels, and BikeDekho has acquired automotive YouTube channel PowerDrift.
17. The government should not look at micro issues of discounts and pricing and instead focus on attracting investments and creating jobs in the sector, said Niti Aayog chief executive Amitabh Kant in an interview to ET.
18. UPI 2.0 launched by the National Payments Corp of India today at an event in Mumbai.
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