Article on April 12, 2018
IoT Startup Chariot Raises Investment of Rs 2 Cr from GEMS Partners
The funds will be utilized for product development and market capitalization
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Healthcare Fintech Platform LetsMD Raises $1M in Pre Series A Led by SRI Capital
LetsMD enables financial access to tertiary level care for 50% of India that can't access the same due to immediate liquidity concerns.
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Orkut Is Back To Say “Hello” To The World
“Orkut was the beginning of a journey but Hello is like a spiritual successor,” says Orkut Buyukkokten, Co-founder & CEO of new social network ‘Hello’.
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NiYO Expands Services to Gujarat; Aims to Digitise Payroll for Manpower Supply Firms
To manage the company’s operations in Gujarat, NiYO has also set up a small sales and operations team of eight people and is planning to hire more this year.
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Happy Loans Acquires IFMR Mezzanine Finance to Strengthen Its Foothold in Micro Lending Space in India
The microlending platform looks to deploy its own capital for loaning to SMEs through the acquisition of an NBFC licensed to disburse credit
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Home Rental Startup ZiffyHomes Acquires Gurgaon based Nivaasa in an All Cash Deal
The company had earlier acquired competitor Fella homes this year to become one of the largest aggregator of Exclusive Rental Properties in Delhi NCR.
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Venture Catalysts Invests $1M in Kolkata Based Insurance Management Company, Ideal Insurance
Notable industrialists and business leaders from VCats’ investor panel participated in the round
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Indian Startup Ecosystem - Opportunities and Challenges
Venture funding situation in India is a favourable one for entrepreneurs for several reasons. Money is available for good fundable ideas. Scarcity of good qualified ideas makes it easier for entrepreneurs that can define venture scalable businesses around their ideas to get noticed and to get quick decisions.
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