June 15, 2015 - Funding Update June 8-13: 10 startups secured $44 million in funding; while 3 startups got acquired

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Digital Funding Update June 8-13: 10 startups secured $44 million in funding; while 3 startups got acquired This week 11 startups raised a total of $53 Mn in funding alongwith the acquisition of 3 startups. Digital To counter Flipkart, Amazon, CAIT pilots e-commerce portal 'e-Lala' for small traders, shopkeepers Confederation of All India Traders (CAIT) has decided to develop a portal called "e-lala" for the small grocers and shopkeepers of India to help small traders counter the onslaught of online retailers. Digital As part of 10,000 startups initiative, Nasscom plans to start 'Startup School' for entrepreneurs Nasscom, which is spearheading the '10,000 startups' initiative, assists young entrepreneurs in India by bringing all the stakeholders together and by bridging the knowledge gap that exists within the startup ecosystem Digital Online taxi aggregator Uber hires women drivers to win back customers trust Facing criticism once again for the recent molestation case in Gurgaon, cab aggregator firm Uber has decided to employ women drivers to boost customer confidence. In Mumbai, it recently recruited 20 women cabbies to ensure safety of women travelling alone, specially in the night. Retail ShopClues aims to more than double the number of employees to 1,500 by March next year in view of strong growth in its seller base The company, which claims to have about 1.5 lakh merchants on its platform, has about 700 employees... Retail How Baba Ramdev has built a Rs 2,000 crore ayurvedic FMCG empire According to filings with the registrar of companies (RoC), Patanjali Ayurved clocked Rs 1,200 crore in revenues in fiscal year 2014... Retail Aditya Birla Retail would take at least two more years to become profitable at Ebitda level Set up in 2007, Aditya Birla Retail operates 483 supermarkets and 16 hypermarkets under the 'more' brand Retail Maggi Ban Effect: Companies supplying raw material Nestle have lost business worth tens of crores every week, face uncertainity for survival Suppliers to Nestle have lost business worth tens of crores every week after the Swiss food major stopped production of Maggi... Telecom Reliance Jio to roll out 4G telecom operations by December: Mukesh Ambani - Reliance Industries (RIL) will start commercial operations of its much-awaited telecom services in December, offering a 4G smartphone for as low as Rs 4,000 and a monthly bill of Rs 300-500, its Chairman Mukesh Ambani said. Telecom You have enough spectrum, address call drops: Telecom Minister Ravi Shankar Prasad to telcos Prasad said he has asked TRAI to suggest a disincentive mechanism to tackle the problem, though he refused to share if it will be a financial disincentive. Telecom India Tax Woes Don't Stop Vodafone Becoming Top Foreign Investor Telecom After Airtel and Idea, Vodafone and MTS hike data tariff for 2G and 3G services After Airtel and Idea, Vodafone and MTS hike data tariff for 2G and 3G ...FirstpostAirtel also recently increased rates for mobile Internet packs, both 2G and 3G, sold online for pre-paid customers across the country. The company has withdrawn discounts that it was offering for online purchase of mobile data packs, bringing the ... Finance Need an education loan? Banks may shut door on you The growth rate of education loans has been steadily declining. Data from the Reserve Bank of India (RBI) revealed that in 2014-15, the segment grew just 5.7% year-on-year compared to 9.2% in 2013-14, 10% in 2012-13 and 10.36% in 2011-12. Finance Expecting HDFC Bank to aim at 30% growth in profit is naive: Aditya Puri, chairman Asked if HDFC is looking at acquisition opportunities in the wake of Kotak Mahindra Bank's merger with ING Vyasya Bank, Puri replied in the negative. Finance Vedanta's Cairn merger as per script, with a little twist Anil Agarwal's Vedanta Resources has announced merger of its India arms Vedanta Ltd and Cairn India, which will help pare the company's debt and boost profits Finance More banks may cut base rates to spur loan demand, retain corporate business Commercial banks may go for another round of lending rate cuts in the wake of poor loan demand and the fear that better-rated corporates may tap other sources to raise funds. Food/FMCG Companies supplying wheat flour, spices and packaging face uncertainity after Maggi goes off shelves Suppliers to Nestle have lost business worth tens of crores every week after the Swiss food major stopped production of Maggi. Food/FMCG Mandatory warning cannot make alcohol, pan masala 'unsafe': FSSAI The proposal is part of the draft Safety and Standards (Food Recall Procedure) Regulations, 2015, which has been put up for public comments. Food/FMCG Arjun Rampal launches Body Deodorizer in Mumbai Most men agree that the way one smells is an integral part of being well groomed and having body odour can have far reaching effects on one's social, romantic or even professional life. Food/FMCG Maggi row aftermath: FSSAI asks state food commissioners to test all packaged items "There are hundreds of packaged food products which are being sold in the country without registration, they need to be inspected and evaluated," a source said. Software US government scrutinising Indian IT outsourcing deals : Investigates Disney and Fossil Asserting that they fully comply with the US immigration laws, Indian global software majors Infosys and Tata Consultancy Services (TCS). Software Big-ticket IT deals getting rarer : No single order exceeding $1 billion since January Big-ticket outsourcing deals by IT firms, including TCS, Infosys and Wipro, have dried up because firms are cutting budgets to maintain back-end technology Software TCS and Infosys being probed on visa issues : Government to intervene if need arises Good news for Indian students in USA, they can now have extended stay after their course finished. On the other hand, there is some bad news for Indian companies and H1B visa holders, as US Govt. will probe H1B visa irregularities reported at Infosys and TCS. Software YouTube to launch dedicated gaming app and website to target video game fans YouTube has announced its plans to launch a separate app and site specifically for fans of video games. Read more at IndiaTV News Ecommerce ShopClues to double headcount to 1,500 by March 2016; confident of closing the year at about USD 1.3 billion gross merchandise value The company, which claims to have about 1.5 lakh merchants on its platform, has about 700 employees. Ecommerce Fosun International in initial talks to invest about $100 million in Locon Solutions Pvt. Ltd, the owner of property website Housing.com Chinese group Fosun International wants to invest $100 million in Rahul Yadav's online real estate, internet and e-commerce firm Housing.com Ecommerce Combination of ecommerce & mobility is a big game-changer: Visa Groups TR Ramachandran As competition from nimbler tech cos threatens the future growth of Visa and MasterCard, they are changing their strategies to adapt to the evolving industry. Ecommerce This Delhi-based startup helps e-commerce companies generate GMV worth $3M by merging the cash-back, price comparison and coupon segments This is the era of the startup. There are thousands of ideas floating around. Amidst these ideas, many appear similar, and only a few unique. But if you lo Franchise 10 Fascinating facts about popular franchise brands We're back with 10 more random factoids about popular franchise brands. This time it's fast food specific. Franchise Franchisee Journey: From management trainer to franchisee with 26 Golden Corral stores in six US states Franchisee Billy Sewell not only runs restaurants, he raises money for the children of wounded, disabled and fallen military service members. HR Interviews for CEO posts at 5 large PSU Banks start from Monday As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said. HR Flipkart Moves Nearly 300 Employees to Outsourcing Firm Serco International Business Times, India EditionIndia's most valuable e-commerce firm continues to strengthen its top level management by roping in talent in the Silicon Valley, to establish new strengths and maintain its lead, as many companies foray into the fast growing online retail sector. HR Maggi ban: Spice firm sacks 300 employees A company in Punjab's Moga that supplied spices to Nestle India for Maggi noodles has retrenched nearly 300 temporary employees in the aftermath of the ban on the snack. Logistics No Horsing Around: Indo Tibet Border Police (ITBP) gets local ponies, yaks to sustain troops at China border The border guarding force has launched an aggressive drive to purchase sturdy livestock like horses, mules, ponies, yak and dogs from the locals. Logistics Sensing huge business in logistics segment, India Post to raise tie-ups with new economy E commerce companies to revive the 200 year old business The department of posts now delivers more than two lakh ecommerce parcels daily, double of what it used to a year ago. Logistics Air India to dry lease 14 Airbus A320 planes from Kuwait Logistics Night bus service stopped during Punjab militancy period resumes Punjab Roadways Transport Corporation has started inter-state night bus service, which was stopped during the militancy period nearly three decades back. Construction Several smart cities to come up in Delhi On June 25, Prime Minister Narendra Modi will unveil the ambitious Rs. 48,000-crore Smart City project. For the Capital, the project is bound to catalyse urbanisation with several "Smart Sub-Cities" expected to come up Construction Ambience expects Rs 150cr in annual rent from a leasing property in Gurgaon The Delhi-based developer has constructed the tower with one million sq ft of leasable area and has already leased 2.5 lakh sq ft of office space to Panasonic India. Construction Vertical slums bring its own problems for Mumbai Vertical slums bring plethora of woes for Mumbai - State chief architect Bipin Sankhe says he sees a huge problem in the manner slums and ground-plus-one chawls are being razed to make way for concrete towers, that too haphazardly. "It also gives the city an ugly look." Construction Flat buyers suffer as as builders dupe while policy paralysis continues Flat buyers suffer as housing regulator still a Maha dream - Prabhu said there have been several instances of builders duping buyers. “If the regulator were in place, buyers’ interest could have been protected. This issue of public interest so it should be pursued by the government. If they scrap the guidelines, unscrupulous developers will get a free hand once again.” Marketing Actionable Insights through Small Data by Uma Venkataraman, CEO & Co-Founder, Ixsight Technologies Pvt Ltd There is lot of buzz about Big Data!!! Is a 720 degree view got by marrying Big Data to Individual Customer Data a reality? If we cut to the chase --- its critical to start with the smallest of information - an event prior to completing the transaction, the transaction itself, customer address etc. How does one identify drivers of customer behavior - from these silos of events, actual purchase behaviour and the limited information that a customer gives? Is talk of Big Data undermining the need to develop skills, toolsets and solutions that can convert this small data into actionable insights? Let us explore the various facets of small data - and how this can be converted to useful insights. On the panel we have Gaurav Kanda, Analytics Delivery Leader, Met Life, Wasim Sayed, Strategy Head, Marketplace & New Businesses, HDFC RED, Anuj Joshi, India Team Lead - ISVs, Amazon and Punit Modhgil, Co-founder, Managing Director, Octane Marketing Pvt. Ltd. Marketing Programmatic will play an increasingly bigger role in buying : Ashish Bhasin Interview with Chairman & CEO South Asia, Dentsu Aegis Network Marketing Is Lockheed Martin Crazy to Ignore the Asian Arms Market? : Quick look Should investors perhaps be looking to buy shares of European defense contractors instead? - Rich Smith - Industrials Marketing Myntra gay ad not the first one, but has the right mantra : Opinion There is an interesting tone that advertising people take when they think they are doing something so pathbreaking it deserves social recognition. You can hear it when Avishek Ghosh, co-partner at Hectic Content, which made... Politics Sushma Swaraj Helped Lalit Modi Procure UK Travel Docs; Her Daughter Was His Legal Counsel NEW DELHI -- External Affairs minister Sushma Swaraj finds herself in a bind after Times Now news channel exposed email trails showing she had helped Lalit Modi, the controversial former chairman of I Politics 'Where is 56-Inch Chest', asks Bihar CM Nitish Kumar after IS flags raised in Kashmir Bihar Chief Minister Nitish Kumar on Saturday expressed concern over raising of flags of terror group ISIS and Pakistan in Jammu and Kashmir and referring to Prime Minister Narendra Modi asked "what happened to his 56 inch chest." Politics Andhra ministers complain to Guv about 'undemocratic' Telangana govt Politics J K Deputy CM: Will not tolerate anti-national activities in the state Sports India vs Bangladesh: Harbhajan Singh overtakes Wasim Akram in highest wicket-takers' list in Tests Harbhajan dismissed Imrul Kayes for 72 to reach 415 Test victims, one more than Akram's 414 from 104 matches. Sports In next board meeting, we will decide on India's coach: Sourav Ganguly Ganguly is satisfied with Team India's current line up and the decision to drop Pujara from the first Test. Sports 26 weird sports pushed for Olympics BASEBALL and softball could be included in the 2020 Tokyo Olympics. But how about korfball, billiards, chess, bridge or even American football? Sports Yoga Day coach Baba Ramdev has team in a twist: 'we will rid the world of gas' Yoga guru Baba Ramdev is likely to share the stage with Prime Minister Narendra Modi at Rajpath on International Yoga Day. Entertainment Hamari Adhuri Kahani review: Director Mohit Suri brings the worst of 80's ... Movie Review: In Hamari Adhuri Kahani, Mohit Suri takes us back to the worst of 80s' Bollywood. Entertainment Kangana, Imran's 'Katti Batti' trailer is out: Get ready for some madness Kangana Ranaut is ready to deliver some madness onscreen with Imran Khan in the upcoming movie 'Katti Batti'. Entertainment Bollywood Gossip: Shah Rukh, Kajol re-kindle romance Twitter/Shah Rukh KhanBollywood actor Shah Rukh Khan shared a picture of him with his director friend Rohit Shetty and Kajol from the sets of their upcoming film 'Dilwale'.The film which went on-floors in April with Varun Dhawan and Kriti Sanon, is curren Entertainment It's not easy being a working mom: Halle Berry Halle Berry said it is "not easy" juggling her personal and professional lives. 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