1. Paytm acquires TicketNew for $40 million
India’s most trusted digital payments startup Paytm has acquired TicketNew at a price of $40 million. With this, Paytm is looking to focus on online ticketing market and the partnership is expected go well as the founders of TicketNew have the similar mindset as that of Paytm’s growth strategy.
2. Ed-tech startup Smartivity raises Rs 13.5 crore
Founded in 2015, a Delhi-based startup named Smartivity has raised Rs 13.5 crore in funding from investor Ashish Kacholia. Smartivity is popular for making interactive and smart toys for kids.
3. Bengaluru based startup Edyoo raises $1 million
Bengaluru-based startup Edyoo has raised around $1 million from RS Shanbag, who is the Chairman of Valuepoint Group. This amount will be used for expanding the team and improving the products. ALong with giving the option of paying school fees online, Edyoo sells products such as books, uniforms, water bottles, stationery.
4. Google planning to support Asian startups to pitch to investors
Google has decided to support Asian startups by helping them in learning how to pitch investors. Some selected startups will get mentorship from Google. The only condition for applying is that the startups must have raised at least $50,000.
5. Elon Musk led SpaceX launches 2 satellites to track Earth’s water cycle
SpaceX has launched 2 NASA satellites to track the Earth’s water movement and ice melt. These satellites will reach an altitude of 490km and will circle the Earth after every 90 minutes.
6. Android co-founder’s startup up for sale
Andy Rubin’s startup Essential is up for sale product development has already been stopped. This startup is backed by powerful companies including Amazon but is running in loss.
7. E-commerce startup Snapdeal sued by sellers
Sellers at Snapdeal have filed complains against the company for not paying their dues. Veepee Electronics, a Bengaluru based seller alone has sued Snapdeal for dues of about Rs 5 crore. Another firm Spacewood Furnishers has filed for recovery of Rs 18 crore from Jasper Infotech.
8. The sting video has no truth: Paytm
Paytm has reacted on the sting video that showed the company has shared data with the government. Paytm said that users’ data is 100 percent secure and no one from the company has ever sold data of its users in the past.
9. Flipkart to spend $2 billion cash in 18 months
Walmart seems to be completely clear towards its approach with Flipkart. Reports show that Flipkart may spend as much as $2 billion cash in the next 18 months to attract customers with new marketing strategies. Walmart is doing this to push its rival Amazon out of competition in the Indian market.
10. Tesla settles Autopilot lawsuit for $5 million
Tesla has agreed to pay Tesla has agreed to pay $5 million to settle a 2017 lawsuit that claimed that customers paid an extra sum for the Autopilot feature.
