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BENGALURU: Ecommerce giant Flipkart said the contribution of its private labels across 160 non-fashion categories doubled to account for 13% of overall gross merchandise value and the company is preparing to ramp up this business in 2019.
Read More at : ETRISE
BENGALURU: Why did the RBI ban Paytm’s payments bank from opening new accounts and e-wallets in August ?
Read more at: Times of India
Amid the increasing pressure from governments across the world, Facebook has stepped up its vigilance of political ads placed on its platform in India ahead of the general elections scheduled in 2019.
Mumbai-based edtech startup Toppr has raised funding of $35 Mn (INR 246.13 Cr) from Kaizen Private Equity and existing investors SAIF Partners.
Bengaluru-based online classifieds marketplace Quikr has acquired Chennai-based real estate platform, India Property Online Pvt Ltd, for an undisclosed amount.
Google plans to scale its India-focused startup mentorship program, Launchpad Accelerator, to 1000 startups in the country in 2019.
The state-run postal system, India Post, announced the full fledged launch of its ecommerce website and said it will use its existing parcel business for end-to-end delivery of products.
In one of the biggest news this week, Flipkart cofounder Binny Bansal along with former McKinsey consultant Saikiran Krishnamurthy is launching a Bengaluru-based tech company.
Flipkart cofounder Binny Bansal and former McKinsey consultant Saikiran Krishnamurthy are banding together to launch a company that will offer technology tools, learning and consulting services to growth- stage startups.
Seven Indian startups have been honoured as part of the TECH Rocketship Awards by the British Commission, which is hosting the India-UK Future Tech festival
Read More at Indianexpress
TechCrunch Startup Battlefield Africa just finished in Lagos, Nigeria, where 15 companies took the stage for the chance of winning the $25,000 equity-free grand prize, a trip for two to TechCrunch Disrupt San Francisco 2019 and the coveted title of “Africa’s Favorite Startup."
Read More at Tech Crunch
Startups looking for seed funding are encouraged to submit their application to a newly-established angel network offering funding of US$10,000 to $500,000 per project.
Read More at Entrepreneur