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Article on July 07, 2017

Uber Approves $8M More for India as Loss Making Continues

Sources say that Uber’s net revenue for last year was 6.5 billion dollars and adjusted net losses were 2.8 billion dollars.

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H2 India Appoints New Co-Chairs

The India Chapter was formerly led by Kirthiga Reddy (Ex MD, Facebook India) and Ashish Kashyap (CEO, Goibibo)

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“India-Israel Innovation Bridge” Launched

The Israel Innovation Authority and the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry JoinStartupEcosystems of India and Israel

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Oracle Sharpens Focus On SMBs In India With New Digital Hub

The hub will house Oracle’s new digital sales team of about 200 people and focus on helping more midsize organisations transition to the cloud quickly and easily

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Alphabet Accelerator’s Geothermal Startup Dandelion Graduates with $2M in Seed Funding

The round was led by Collaborative Fund and includes ZhenFund and Borealis Ventures. Dandelion is a successful graduate of Alphabet Inc. accelerator, X (the moonshot factory).

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Girggit - Introduces the Photo-Chromatic Colour Changing Technology to India

Indian textile and apparel industry (domestic + export) is growing at a CAGR of 11%, and by 2020, it will be a $220 billion industry.

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Journalist Leaves the Pen Behind to Embrace the Pan for His First Food Startup

Unlike many of his peers, Sikka believes food is the most important part of a ‘foodtech’ startup. The technology is secondary.

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Indians Crave Chocolate at 11:46PM Says Swiggy’s Chocolate Report

It’s World Chocolate Day and Swiggy released a fascinating ‘chocolate report’ with findings like women are 25% more likely to order chocolate items online.

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Clip App Raises $1M; IvyCap to Close Second Fund of Rs 600 Cr; Cisco India President Dinesh Malkani Quits & More

Flipkart is planning to enter the brick-and-mortar space to boost growth which is slowing down in the online market

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Greek Yogurt Maker Epigamia Raises Series B Funding of Rs 90 Cr

Funding round led by Verlinvest and DSG Consumer Partners with participation from InnoVen Capital

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