#TodayDeals: Chinese Smartphone Brand Gionee to Sell its India Operations, MoneyOnMobile Plans to Pump $6.2M In India & More
Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. Chinese smartphone brand Gionee will sell its India operations to the promoters of handset maker Karbonn Mobile and Gionee India’s minority shareholder, Arvind R Vohra, entering into a long-term brand licensing deal that is likely to be closed in two-three weeks.
2. US-headquartered digital payments company MoneyOnMobile plans to pump $6.2 million into its India operations to fuel its expansion plans.
3. Kerala government has allotted space to Japanese automotive major Nissan Motors to set up its digital innovation hub in Technocity, Thiruvananthapuram.
4. Ethnic drinks brand Paper Boat has posted a 71% increase in revenues at ₹118 crore for fiscal 2018, compared with ₹69 crore the previous year and is targeting ₹200 crore this year. Also the company managed to reduce net losses for FY18 by over 43% to come in at ₹44 crore as compared to ₹78 crore in FY17.
5. Global electronics major Flextronics will set up a facility in Andhra Pradesh to manufacture a range of intelligent products.
6. Flipkart-owned Myntra and Jabong added five lakh new customers to its platform during the recently-concluded four-day flagship sale, according to the company.
7. Uber won an appeal on Tuesday to regain its taxi licence in London after agreeing to stricter government oversight, reported ET.
8. Mumbai-based smart home automation startup Picostone has raised a $803.2K (Rs 5 Cr) funding, reported Inc42.
11. Financial marketplace Wishfin has launched a new product, “Whatsapp for Credit Score” where Indian users will have access to their credit score on Whatsapp.
14. Facebook will allow ads and related content on cryptocurrencies from “pre-approved advisers,” but will still not allow ads promoting binary options and initial coin offerings.
15. CoutLoot, a fashion e-commerce platform has created and launched a revolutionary AI and Image Recognition-based selling module on its app called Firesell. The intelligent addition will enable its user to list any product on the platform within a few seconds without typing anything at all.
17. Zomato has launched its restaurant reviews and rating platform across 25 new cities in India.
18. Gurugram-based Eko India Financial Services Pvt. Ltd, which provides domestic remittance services, has raised Rs 10 crore ($1.45 million) from US-based impact investor Creation Investments, reported VCCircle.
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