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#TodayDeals: Xiaomi Launches Its First Lending Product in India & More

Chinese smartphone maker OnePlus is ramping up its offline presence in India.

Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:

  1. Noida-based company, Paytm has acquired TicketNew, a Chennai-based online movie ticketing platform, for $40 million. Read More...

  2. SoftBank has confirmed that it will sell its entire stake of over 20% in Flipkart following the Walmart acquisition. Read More...

  3. Chinese smartphone maker OnePlus is ramping up its offline presence in India, will be opening at least five new experience stores this year, located in metro cities like Delhi, Jaipur, Mumbai, Hyderabad, Pune, and Chennai.

  4. Xiaomi has launched its first lending product in India on the lines of the microlending product Mi Credit that it offers in China. The new credit product, launched in partnership with lending platform KrazyBee, has already gone live and will be officially announced in a few weeks.

  5. Uber plans to launch its first taxi-hailing pilot service in Japan (where the U.S. firm has been blocked from setting up its own fleet of drivers) that will connect passengers to other taxi providers.

  6. Edutech Startup Smartivity has raised $2 million from Ashish Kacholia, a well-known stock market investor, along with participation from existing investors S Chand Group and others. Read More...

  7. Dutch social investor Oikocredit and Asia-focused venture capital firm Insitor have provided seed capital to Aashiyaan Housing & Development Finance, promoted by former Arohan Financial Services chief executive Shubhankar Sengupta.

  8. Tech Platform for Blue Collar Workers BetterPlace Raises $3M in Series A. Read More...

  9. MobiKwik has launched Unified Payments Interface on its platform through its own virtual payment handle @ikwik. Read More...

  10. IIT-Kanpur researchers and VTOL Aviation India Pvt Ltd have entered into a $2.2 million (Rs 15 Cr) MoU to develop a prototype for a self-piloted vertical takeoff and landing (VTOL) craft, which has potential to be used as a flying taxi or for air travel.

  11. Bike taxi startup Rapido has acquired Hyderabad rival Getbike to enter the business-to-business segment, reported VCCircle. 

  12. DheeYantra Research Labs, the creator of vernacular chatbot platform dhee.ai, has raised seed funding from Centre for Innovation Incubation and Entrepreneurship (CIIE), the incubator-cum-investment arm of Indian Institute of Management-Ahmedabad.

  13. Influencer marketing firm Chtrbox has raised Rs 1 crore (around $147,000) in angel funding television personalities Roshan Abbas and Gaurav Kapur, reported VCCircle.

  14. School supplies startup, Edyoo has raised $1 million (Rs 6.8 crore) in pre-Series A funding from RS Shanbag, chairman and managing director of the diversified Valuepoint Group.


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