Here is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. Hyderabad-based ambulance aggregator and medical taxi provider eSahai.in, operated by MyInd Medtech Innovations Pvt. Ltd, has added $250,000 (Rs 1.6 crore) to its seed funding round, taking the total to $500,000.
The startup will use the funds primarily to increase its medical taxi fleet and add more ambulances onto its platform in addition to spending on marketing and technology, reported VCCircle.
The fresh funding came from Dr Ramesh Ayyala, professor of ophthalmology and director of glaucoma residency and fellowship programmes at Tulane University in the US, and Satya Muthyala, senior director of enterprise apps, sales and supply chain at US video game publisher Activision.
2. National Internet Exchange of India is seeking to cancel the domain name of a Delhi-based company, Startup India Advisory Pvt. Ltd, citing its similarity with the Startup India programme website, according to media reports.
NIXI has shot off a letter to the owner of the company saying that its domain name, startupindia.in, could be mistaken for startupindia.gov.in, which is the government’s official website. The letter said the “domain is misleading and is in violation with the Startup India programme.”
3. The IndusInd Bank has entered into an agreement with Overseas Private Investment Corp. (OPIC) to raise $225 million loan to support expansion of its micro, small and medium enterprise lending programmes across India, as reported by LiveMint.
At least 25% of the proposed facility will support women entrepreneurs and reach to populations who previously had no access to banking facility. The eight-year loan is part of the bank’s programme to support $1 billion in loans to undeserved small and medium enterprises in India, a statement said on Thursday.