Below is a list of deals that happened in Indian Startup Ecosystem today (17th July 2018). Read a brief description about all of them:
1. Photo sharing mobile application Vebbler has raised an undisclosed amount in a pre-series A funding round from a clutch of investors.
2. Amazon has made a fresh infusion of Rs 230 crore into its payments arm Amazon pay, months after it pumped in Rs 195 crore into the business in March.
4. Professional networking company LinkedIn said its user base in India has crossed the 50 million mark.
5. Online education startup Byju’s is in talks with new and existing investors to raise fresh funds of more than $150 million at a valuation of $1.8-2 billion, reported DealStreetAsia.
6. Private equity firm Samara Capital is in final stage of discussions to buy Spoton Logistics Pvt. Ltd for $80 million (Rs 525 crore), reported TOI.
7. Gurugram-based Zomato has claimed 13 million order run rate in July, a 136% up from its 5.5 million orders in March.
8. Amazon is in early talks to invest in India’s second largest pharmacy chain Medplus.
10. Home decor solutions startup Foyr has raised an extended Series A round of $4.2 million from SRI capital and its existing investors.
12. Yahoo Messenger will no longer be supported after July 17, 2018, the company said in a blog post.