This week in Indian Startup News, Delivery startups Zomato, Swiggy, and Dunzo receive government approval to test drone deliveries, Flipkart rolls out AI-based voice assistant, Swiggy to shut down Scootsy, Yatra-Ebix merger falls apart, Microsoft’s venture fund M12 opens office in India, Kiran Mazumdar-Shaw wins EY World Entrepreneur of the Year award 2020. 00:00
In Funding News, Jio Platforms raises Rs 19,300 crore from three investors, WeWork India raises $100 million, Arkam Ventures marks first close of its maiden fund at Rs 350 crore, DocsApp merges with MeddiBuddy to become ’MediBuddy DocsApp’ and raises $20 million, Innoviti raises series C round, Yolobus raises $3.3 million.
00:31 Delivery startups Zomato, Swiggy, and Dunzo receive government approval to test drone deliveries: 13 Indian companies including delivery startups Zomato, Swiggy and Dunzo have received approval from the government to begin testing beyond visual line of sight drones for deliveries.
02:13 Flipkart rolls out AI-based voice assistant: Walmart-owned Indian ecommerce giant Flipkart has launched AI-based voice assistant for Flipkart’s grocery store and is available in both English and Hindi.
03:21 Swiggy to shut down Scootsy: Swiggy has decided to shut down its premium on-demand food delivery platform Scootsy, reported ET. With this Swiggy is now looking to set up premium food category which can help it boost average order value and profits.
04:15 Yatra-Ebix merger falls apart: Indian online travel agency Yatra has announced the termination of a pending merger with US-based software firm Ebix and filed litigation seeking substantial damages for alleged breach of deal terms.
05:01 Microsoft’s venture fund M12 opens office in India: Expanding its presence in India, Microsoft’s venture fund M12 has now opened its office in Bengaluru.
05:55 Kiran Mazumdar-Shaw wins EY World Entrepreneur of the Year award 2020: Indian biopharma giant Biocon’s founder and executive chairperson Kiran Mazumdar Shaw became the first Indian women to win the EY World Entrepreneur of the Year.
06:40 WeWork India raises $100 million: Co-working giant WeWork to invest $100 million into its Indian business to grow and expand its flexible workspace business in the country.
07:28 Yolobus raises $3.3 million: Gurugram-based intercity bus startup Yolobus has raised $3.3 billion in its series A round from Nexus Venture Partners and India Quotient.
08:25 DocsApp merges with MeddiBuddy to become ’MediBuddy DocsApp’ and raises $20 million: Online doctor consultation startup DocsApp has merged with digital consumer health business MediBuddy to become ‘MediBuddy DocsApp’. The combined entity has raised $20 million in its series B round.
09:29 Jio Platforms raises Rs 19,300 crore from three investors: Jio Platforms has announced that it will raise an additional Rs 4,546.80 crore from Silver Lake. Abu Dhabi-based sovereign investor Mubadala Investment Company has agreed to invest Rs 9,093 crore rupees for a 1.85% equity. Also, Abu Dhabi Investment Authority will invest 5,683.80 crore rupees in Jio Platforms for a 1.16% equity stake.
10:23 Innoviti raises series C round: Digital payments solution provider Innoviti Payment Solutions has raised an undisclosed amount of funds in its series C round from Netherlands-based FMO: Entrepreneurial Development Bank and Bessemer Venture Partners.
11:04 Arkam Ventures marks first close of its maiden fund at Rs 350 crore: Arkam Ventures, previously known as Unitary Helion, has marked the first close of its Rs 700 crore fund at Rs 325 crore.
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