Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
3. Paytm has claimed to have reached a run rate of 5 billion transactions in a year, with $50 billion of transactions value flowing through the platform annually.
4. Lightspeed Venture Partners has closed its second India fund with a corpus of $175 million as it looks back the new set of early-stage technology startups.
7. Info Edge which runs jobs site Naukri.com, has invested Rs 3 crore (around $440,000) in ZippServ, an online platform that provides risk-assessment services for real estate investments.
9. Livspace expands to Hyderabad; earmarks a Rs 20 crore investment for the city
11. Online food delivery giant Swiggy which failed to process and deliver orders on Sunday night across Bengaluru, Hyderabad, Mumbai and Delhi, puts the blame on a technical glitch.
12. Xiaomi, which debuted on Honk Kong stock exchange on Monday, has raised $4.7 billion at a valuation of about $54 billion.
13. Binny Bansal has announced the Bengaluru-based e-commerce marketplace Flipkart will go slow in investing in startups.
14. Alibaba-backed company BigBasket has acquired daily essential ordering platform Morning Cart, reported Entrackr.
15. RentSher, an online product rental marketplace in India and the UAE, after successfully launching in Mumbai, Hyderabad, Delhi, and Dubai, is more than doubling its geographical footprint by launching in 7 new cities. RentSher has initiated operations in Chennai, Pune, and Cochin in India, and in Sharjah and Abu Dhabi in the UAE.