Weekly Wrap: Nokia Phones To Make A Comeback, Ekart Launches Smart Courier Service And More..

This week had been packed with announcements from Digital India. Starting from Tata’s announcement to enter e-commerce space and Tim Cook visiting India, lot has happened in this part of the world.

This week had been packed with announcements from Digital India. Starting from Tata’s announcement to enter e-commerce space and Tim Cook visiting India, lot has happened in this part of the world.

Insights

Burn, Baby, Burn. No more. What’s next for the Indian Unicorns?

Is Oyo Rooms The Startup Equivalent Of A Ponzi Scheme?

Startups

LG Electronics (LG) is launching two initiatives originally incubated in-house: Acanvas and Infit & Company Inc. Read More..

Government has now made it easy for startups to register for patents by lowering the costs and speeding up the process. Read More..

Digital India

Tiger Global has cut its shares in US based e-commerce firm Amazon by 67%, according to a regulatory filing. Read More..

The Tata Group will enter the e-commerce space with the launch of its online marketplace called ‘Tata CLiQ’, by the end of this month. Read More..

Nokia is making a re-entry to the mobile phone and tablet market. Read More..

Namotel Acche Din is now the world’s cheapest smartphone which is priced at Rs 99 and is available for booking till May 25th. Read More..

Ekart, the logistics arm of Flipkart aims to ramp up the game of logistics industry with this new venture Ekart Courier which will be a direct consumer facing business. Read More..

Nasdaq listed MakeMyTrip has been witnessing losses for last 14 quarters and the company’s loss in last quarter FY’16 stood at around $58.29 which has increased from $2.63 million in FY15. Read More..

Startup Funding

StartupAmountSeriesLead Investor
MUrgencyUndisclosedUndisclosedRatan Tata
PurpleHealth$100,000UndisclosedKatabole Technology Venture
BHIVE Workspace$1 millionUndisclosedBlume Ventures
SmartQUndisclosedPre-series AYourNest Angel Fund
VEQTA$500,000Seed FundChatsworth Management and ITW

 

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