Fitness Discovery Platform Froyofit Gets Pre-Series A Funding & 16 More Updates

Google Capital may lead a $13-15 million financing round in Bengaluru-based education startup CueMath, three people aware of the fund raise said.

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

1. Cloud telephony company Knowlarity Cloud Telephony has secured $20 Mn in Series C round of funding led by DELTA PARTNERS, taking the total amount of money raised to $41 Mn. Read More

2. Bot protection startup InfiSecure Technologies has secured $600K in its Seed round of funding from IDG Ventures and Axilor Ventures. Read More

3. B2B online marketplace Udaan has secured $10 Mn in its Series A round of funding from VC firm Lightspeed Venture Partners India and Lightspeed US. Read More

4. Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount in Pre- series A round of funding. Read More

5. 7 Indian Startups Selected For Google Launchpad Accelerator Programme - Flyrobe, HashLearn Now, RentoMojo, Kapture CRM, Curofy - Discuss Medical Cases, Happy Adda Studios, and Playment. Read More

6. Airtel India has launched India's first live payments bank on Wednesday, which would provide an interest of 7.25% per annum on deposits. Read More

7. Reserve Bank of India (RBI) has doubled the balance limit that can be kept in prepaid wallets and cards to INR 20,000. The move is aimed to support small merchants to facilitate and receive payments electronically. Read More

8. Paytm has updated its app to launch India’s first APP POS allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and Maestro. Read More

9. Uber Technologies Inc has entered India’s neighbouring country Bangladesh. Read More

10. SEBI relaxes rules for angel investments in startups. SEBI increased the upper limit for the number of angel investors in a scheme to 200 from 49, halved the minimum investment threshold to Rs 25 lakh and allowed investors to put money in firms that are up to five years old compared with three years currently. The regulator also reduced the lock-in period for angel funds to one year from three years and allowed such investors to park 25% of their funds in overseas startups, in line with other alternative investment funds. Read More

11. Safety solutions provider Better Place Safety Solutions has secured an undisclosed amount of funding from Venture Highway. Read More

12. Sheela Foam Limited - Sleepwell, the maker of the Sleepwell brand of mattresses, will launch its share sale on 29 November. Read More

13. GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the development said. Read More

14. Salesforce & ecosystem to create 136000 jobs in India. Read More

15. Google Capital may lead a $13-15 million financing round in Bengaluru-based education startup CueMath, three people aware of the fund raise said. Read More

16. Larsen & Toubro, India's biggest engineering firm has shed 14,000 employees, or 11.2% of its total workforce. Read More

17. IRCTC (The Indian Railway Catering & Tourism Corporation), a subsidiary of the Indian Railways that handles online bookings, charges Rs 40 on every ticket purchased for air-conditioned classes and Rs 20 for non-AC sleeper classes. Read More

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