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Today Deals: SoftBank in Talks to Invest $300M in Snapdeal.com & 16 More Updates

Homegrown smartphone maker Smartron has secured undisclosed financing from Sanjay Jha, the chief executive of GlobalFoundries, one of the world's largest contract manufacturers of semiconductors.

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

1. Meet The 12 Startups Shortlisted For Startupbootcamp Fintech In Singapore - jumper.ai, Scalend Technologies, Fugle, MostShorted.com, SmartTrade, Tixguru, Welltrado, Morakot Technology, Smart Ticket, CherryPay, AIM & Smartfolios. Read More

2. Telecom Centres of Excellence India (TCOE India) along with the Centre for Development of Telematics (C-DoT) is setting up an incubator – Telecom Entrepreneurship (TEN) Square. TEN Square will be under the guidance of Department of Telecommunications (DoT), Ministry of Communications, Government of India. It will be set up at the C-DoT Campus. Read More

3. Gurugram-based logistics platform, Rivigo has raised about $15 Mn (INR 100 Cr) debt finance from undisclosed lending private sector banks. Read More

4. 12 Startups Raised $12.75 Mn In Pitch@Rashtrapati Bhavan Event, A FOIN Initiative. The startups who raised funding are GoMechanic, elth.ai, Neurosynaptic, Perfint, LoanTap, ftcash, Trupay, Myra Medicines, WholesaleBox, Sieve, Prokure & Omix Laboratories. Read More

5. Former vice president of engineering at Flipkart Ashish Gupta, who quit the Indian e-commerce major in February this year, has joined the Indian arm of US-based cloud enterprise storage startup Rubrik Inc as vice president of engineering. Read More

6. Gurgaon-based Proparent Solutions Pvt. Ltd, which runs online community of parents Parentune.com, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based Segnel Ventures, a VC firm that operates in South and Southeast Asia. Read More

7. Mumbai-based daily consumables startup SuprDaily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme. Read More

8. PipeCandy, a data science startup, has raised $1.1 million seed funding from IDG Ventures, Axilor Ventures, Emergent Ventures and Indian Angel Network. Read More

9. Property listings website magicbricks.com has raised Rs 30 crore from its parent Times Internet Ltd, documents filed with the Registrar of Companies show. Read More

10. Shareholders of the National Stock Exchange (NSE) on Tuesday approved the appointment of Vikram Limaye as managing director and CEO, the exchange said on its website. Read More

11. Ankur Capital – Mumbai-based impact investor focused on innovative businesses in agriculture, healthcare, education, skill development and rural access – is positioning for the next leg of growth. The firm has expanded its team and is looking to launch a new fund of up to $50 million early next year. Read More

12. The Nasdaq Entrepreneurial Center has partnered with Startup India to launch their Milestone Makers India program in New Delhi in May 2017, their first venture in India. Read More

13. Senior level exits continue at the troubled Gurgaon-based online marketplace Snapdeal. Amitava Ghosh, VP engineering at the company, is learnt to be on his way out, multiple people aware of the development said. Read More

14. Samsung India has soft launched its mobile payment service Samsung Pay in India, aiming to tap into an increased move towards digital payments in the country post demonetisation. Read More

15. As part of its growth strategy, Amazon India has signed up as the exclusive retail channel for US based sportswear brand Under Armour. The online retailer indicated that the brand will be sold by key sellers on the Amazon India platform. Read More

16. Homegrown smartphone maker Smartron has secured undisclosed financing from Sanjay Jha, the chief executive of GlobalFoundries, one of the world's largest contract manufacturers of semiconductors. Read More

17. SoftBank in talks to invest $300M in Snapdeal.com. Read More



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