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#TodayDeals: Flipkart to Close eBay.in, Paytm to Launch Payment Service in Japan & More

Flipkart will shut down eBay.in, and will launch a new platform to sell refurbished goods.

Photo Credit : ShutterStock,

Below is a list of deals that happened in Indian Startup Ecosystem today (24th July 2018). Read a brief description about all of them:

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 is opening up a new payment product ‘PayUnow’ for businesses that are largely offline or have very limited online presence, and has earmarked Rs 50 crore to be invested by 2020 into this business vertical alone. Also it has acquired Israel-based payments technology company ZOOZ for an undisclosed amount.

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. LEAP India, a supply chain solutions provider, is in advanced talks to raise a funding round of about Rs 300 crore, reported DealStreetAsia.

7. VTION, a New Delhi-NCR based technology innovation firm, has raised $280,000 through AngelList India.

8. Nanotechnology product startup Log 9 Materials has raised Rs 3 crore ($435,736) in an extended pre-Series A round of funding from Metaform Ventures, Hemant Luthra, chairman of Mahindra CIE, GEMS and other angel investors.

9. Singapore based healthtech company Mobile Health has acquired Bengaluru and Singapore based Songline Analytics which runs its deep analytics startup Uninstall.io for an undisclosed amount, reported Inc42.

10. Walmart India opened its second fulfilment centre in Lucknow on Monday.

11. 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.

12. After Canada, Paytm is set to launch a mobile digital payment in Japan. 

13. US-based VC firm RoundGlass Partners is doubling down on its investment in fitness aggregator Gympik.com.

14. Bengaluru-based nanotechnology startup Log 9 Materials Scientific Pvt. Ltd has raised Rs 3 crore ($436,000) in an extended pre-Series A round.

15. Dainik Bhaskar Group and Mumbai Angels Network partner to invest in startups from New India

16. Shopmatic launches in UAE, partners with Network International to help UAEs small and medium businesses go digital

17. Jabong announces the 4th edition of its ‘Big Brand Sale’ (between the 27th and 30th of July); targets 100% growth over July 2017 edition

18. Edtech startup Kidovators has today announced the closing of a seed round funding of $180,000 from impact investor Gray Matters Capital under its edLABS initiative.

19. Corner Store Technologies, a Jaipur based subscription pharmacy that operates under the brand ‘LifCare’, has raised $11M Series B from SAIF Partners, Nexus Ventures and IL&FS.

20. MinersINC, a company engaged in building a Blockchain-powered P2P platform for the entertainment sector, has received anchor investment from VC Bothra, a Singapore based businessmen.



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