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STARTUP OF THE MONTH 

ONN Bikes: Self-Ride Motorbike Renting Platform Sets India ‘Truly Mobile.’

May 3, 2017 Administrator

Even as India gears up to become one of the world’s top economies; affordable, reliable and hassle-free last mile transportation

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FINANCE & BANKING 

2017 bodes ill for startup ecosystem; deal value and number declined significant in Q1

May 2, 2017 Pankaj Handa Deal activity

2017 isn’t starting on a good note for the domestic startup ecosystem with the cumulative deal value for Q1 declining

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TRANSPORT 

Ola reported 3X rise in y-o-y losses in FY16; revenue grew 7X

May 2, 2017 Pankaj Handa Cash Burn

Ola, the largest ride hailing company in the domestic market, reported ~7 times y-o-y rise in the revenues for the

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FASHION 

ShopClues focuses on fashion for next revenue growth cycle

May 2, 2017May 7, 2017 Pankaj Handa fashion

ShopClues, one of the largest ecommerce firms in the domestic market, is increasingly focusing on fashion as its money spinning

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MANUFACTURING 

Fortigo raises $10 million Series A funding for expansion

May 2, 2017 Pankaj Handa logistics startup

Fortigo Network, the trucking logistics startup, has raised $10 million capital in a Series A funding round from existing investors

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EDUCATION 

Ronnie Screwvala to setup INR100 crore education fund for online scholarships

Apr 30, 2017 Pankaj Handa online scholarship

Ronnie Screwvala, the founder and previous CEO of UTV Group, is setting up an INR100 crore education fund to provide

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ACQUISITIONS 

HDFC looking to sell its realty and digital arms to Quikr

Apr 30, 2017 Pankaj Handa Quikr

HDFC, India’s largest private sector bank and mortgage lender, is in talks with online classifieds company Quikr to sell its

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TRANSPORT 

Didi Chuxing raised $5.5 billion in one of the biggest funding rounds, ever

Apr 30, 2017 Pankaj Handa ride hailing startup

Didi Chuxing, the Chinese ride-sharing firm, has raised $5.5 billion capital from a clutch of investors in the largest funding

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TECHNOLOGY 

Mech Mocha raises $5 million to develop new games

Apr 30, 2017 Pankaj Handa online gaming startup

Mech Mocha, the gaming startup, has raised $5 million in a series A round of funding led by Accel Partners

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TECHNOLOGY 

PayTM to raise ~$2 billion from Softbank in a move to expand business

Apr 30, 2017 Pankaj Handa capital raising

One97, the parent company of PayTM, is set to raise INR12,000 crore capital from Japanese media and telecom conglomerate SoftBank

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