Here are the Top 10 Startup News for this week. July has been amazing month for the startup’s and here we bring the one’s which were most spoken about.
10. $150M Announced by Orios Venture Partners To Target Early Stage Consumer and SaaS Startups
Orios Venture Partners has announced its new, $150M fund, Orios Venture Partners Fund-II. The focus will continue to be on seed and early Series A investments in online consumer and software product companies. Read More.
9. Rotimatic – Singapore based Indian couple’s roti maker receives $11.5 M
An Indian-origin couple has received a whopping USD 11.5 million as second round of funding for their innovative one-minute robotic chapati making machine, allowing them to expand the operations in international markets. Read More.
NestAway a Bangalore based online home rental startup has raised USD 12 million in a funding from Flipkart and Tiger Global. The funding will be utilised in an expansion planning in order to cover more cities and enhancement of the technology as well. Read More.
7. JetSetGo – Marketplace for private jet, copter and air ambulance receives funding from Yuvraj Singh
JetSetGo, the marketplace for private jets, helicopters and air ambulance has raised an undisclosed amount of funding from Yuvraj Singh’s startup fund YouWeCan Ventures. Read More.
6. Google Is Shutting Down Google+ Photos Starting Aug 1
Google would be shutting down Google+ Photos to make way for its new standalone Google Photos app that went live just a few months ago in late May. Read More.
5. Snapdeal To Double Its Engineering Team
Snapdeal plans to more than double its engineering team to over 2,000 this year as the online marketplace firm intends to be a technology, product and engineering-driven company under the leadership of the newly-appointed chief product officer Anand Chandrasekaran. Read More.
4. Ola Getting Into Bus Bookings
Sensing this huge opportunity which awaits them, Ola has decided to start offering bus bookings on their platform. As per initial reports coming in, Ola will initially aggregate tourist and private bus operators and create a marketplace for such services. Read More.
3. IAMAI :Apps can create over 600,000 job opportunities
Mobile apps have the potential of creating about 600,000 jobs in the next two years alone- an eight-fold increase from current employment levels, according to a report by the Internet and Mobile Association of India (IAMAI). Read More.
2. Ola debuts its hyperlocal delivery app
Ola, which is run by Mumbai-based ANI Technologies, has been piloting the app since June this year with a select set of customers. Ola Store, the standalone hyperlocal grocery and daily needs delivery app from online cab hailing service Ola, is now operational in Bangalore. Read More.
1. ZO Rooms – Budget hotel aggregator secures funding led by Tiger Global, Orios Venture Partners
Low-budget hotel chain ZO Rooms, has secured an undisclosed amount of funding led by Tiger Global, with participation from Orios Venture Partners. The funding will primarily focussed by the company for building a strong team and business expansion. Read More.