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India Deals: Ed-Tech Startup OnlineTyari Raises $3M and 13 More Updates

Ford Motor Company is investing Rs 1,300 crore ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services.

Here is a list of deals that happened in India Startup Ecosystem today including funding, merger, acquisition, product launch & appointment etc.

1. Mobile-first test preparation platform, OnlineTyari (OT) has raised Rs 20 crore, led by the Michael & Susan Dell Foundation (MSDF). MSDF made an equity investment of Rs 15 crore (USD 2.1 million) in the company. Read More

2. Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyper-local shopping app GO-JEK, has acquired Pune-based app development startup Leftshift Technologies Pvt. Ltd for an undisclosed amount. Read More

3. Caller identification app Truecaller has hired Tejinder Gill, former national sales manager of LinkedIn, as its vice president of sales and head of India operations. Read More

4. The world’s largest social networking website Facebook now wants to be a job openings platform too. The California-based company has added a jobs tab on its page. Read More

5. Bengaluru-based cleantech startup Altigreen Propulsion Labs Pvt. Ltd is in advanced discussions with existing investors and venture capital firms to raise a new round of funding. Read More

6. Former Flipkart chief product officer Punit Soni floats machine learning startup ‘Learning Motors’. Read More

7. Canadian mobile maker BlackBerry on Monday launched two new Android smartphones—DTEK50 and DTEK60—in India at Rs 21,990 and Rs 46,990 respectively. Read More

8. As per two sources familiar to the development, Zomato has roped in Morgan Stanley to raise fresh funds. Read More

9. IvyCamp, the unified technology-based platform of IvyCap Ventures for innovation and entrepreneurship has entered into a partnership with Airbus BizLab to announce Season #2 of its accelerator programme in Bengaluru. Read More

10. SoftBank Group Corp has reportedly marked down close to $555 Mn in two of its Indian investments, cab hailing firm Olacabs and ecommerce marketplace Snapdeal, as per its six monthly earnings report, ending September 2016. Read More

11. India-based wine making firm Sula Vineyards Pvt Ltd has raised an undisclosed amount of funding from Belgium-based investment holding company Verlinvest SA. Read More

12. The National Stock Exchange of India Ltd (NSE) has hired four additional investment banks for its initial public offering (IPO) and is likely to file its share-sale documents with the markets regulator by December end. Read More

13. Electric carmaker Tesla Motors said on Tuesday it would buy German firm Grohmann Engineering to improve its automated manufacturing systems. Read More

14. Ford Motor Company is investing Rs 1,300 crore ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services. Read More


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