VP Weekly | 10 Mar ’19

March 10, 2019
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Hyundai In Talks To Invest In Ola To Support Its Electric Vehicle Foray
South-Korean automaker Hyundai Motors is reportedly in talks with Bengaluru-based cab hailing giant Ola to invest up to $200 Mn – $300 Mn.
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ShareChat in talks to raise $200M in fresh funding
ShareChat, a regional language social media platform, is in talks with Tencent Holdings and others for funding to raise as much as $200 Mn.
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                                      Startup News Snippets

                                                   M&A News

Editor’s Weekly Pick

Health-tech is continuing to heat-up. More IoT, better data capturing, more analytics. Here are the some of the health-tech startups worth keeping a track of in 2019. 

–Abhishek

Market Pulse

  • Venture Catalysts joined hands with Women entrepreneurship to initiate an incubation programme dedicated to assist women entrepreneurs in their startup journey.
  • The Government of Telangana successfully hosted its annual flagship life-sciences and healthcare forum, BioAsia 2019, in Hyderabad.
  • K-Tech, Department of IT, BT and S&T, Government of Karnataka, in partnership with CWE announced that it will be accepting open call applications for women entrepreneurs for incubation.
  • Hyderabad-based WayCool Foods announced the acquisition of the physical distribution business of Bengaluru based B2B company Aalgro Foods.
  • Kolkata-based Gozo Cabs raised an undisclosed amount from renowned Silicon Valley investors such as Prem Jain, Former Cisco SVP and Jayan Ramankutty who is also a serial entrepreneur.
  • Paytm’s wealth management platform Paytm Money has received fresh funding of $4 Mn from the parent entity – One97 Communications.
  • Gurugram-based non-banking finance company Aye Finance raised $33.34 Mn in Series D equity round led by New York-based investment firm Falcon Edge Capital.