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The firm was founded by private equity veteran Manish Kheterpal last year, with the aim of raising smaller-sized funds to invest in early stage startups. The company has raised the funds mainly from India-based institutional investors, including wealthy individuals, companies and family offices.
The fund will focus on investments in analytics decision making solutions, e-commerce and transportation, both among sectors that have received big amounts of funding. The firm also promises look to invest in tech firms in healthcare, finance and education sectors as reported by DealStreetAsia. Ltd, has initiated talks to raise at least Rs. Musthafa, sells various packaged ready-to-cook products such as idli and dosa batter.
The budget hotels space is a market dominated by SoftBank Corp. The three-year-old startup used GPS tracking to provide innovative logistic solutions that help improve safety, security and operational efficiency. Amazon Web Services launches Data Centres in Mumbai to Hasten Growth in India Amazon Web Services said it was opening its first data centres in India, as the public cloud giant looks to boost growth in what is already one of its fastest growing markets.
Part of the ecommerce giant Amazon. It has an operating margin of over 24 percent. An AWS region can have multiple data centres, or availability zones for its consumers. Amazon's data centres in India are in Mumbai, which will likely boost the amount of work AWS can do with banking and the healthcare sectors.
Jassy, who was appointed CEO of infrastructure-as-service business in April, said 89 of the top startups in India were hosted on AWS and that large companies like Tata Motors and Axis Bank also used the cloud platform, as reported by Economic Times.
Ola to Invest Rs Cr in Haryana Over 5 Years Taxi hailing app Ola has signed an agreement with Haryana government to create over 10, entrepreneurs in the state with an investment of Rs crore over the period of five years, as per ETTech report. To this end, we are planning to invest over Rs crore in Haryana over the next 5 years," Chief Operating Officer, Ola, Pranay Jivrajka said in a statement.
Ola will work with the Haryana government to introduce innovative and customised mobility solutions like Ola Auto, Ola Bike, Ola Share and Ola Shuttle across the state. Jivrajka said Ola will work with the government to train and provide the required skill set to thousands of men and women across Haryana in an effort to make them entrepreneurs.
Ola is present in five cities in Haryana including Gurgaon, Faridabad, Panchkula, Kurukshetra and Ambala, and plans to expand its services in the region further. Himanshu Kumar, co-founder, Hello Tax, said it will use this first round of external funding for marketing for the app. Amrapali, which was launched in , offers services such as online equity trading, mutual funds and insurance, among others. The app is available for Android, iOS and Windows users.
Users also have the option to upload their Form 16 for the same. It offers a platform for students to showcase their talent in academics and other activities such as music, dance and painting. The website and app of the startup are also no longer accessible. The shutdown of Zimply further reiterates the fact that startups are fighting for survival as investors turn off the funding tap, putting pressure on startups to cut costs.
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Helion MD Rahul Chandra goes solo, to raise $100M fund
This story is from May 29, The fund will invest in sectors like fintech and digital marketplaces. To develop a proprietary data science based investment methodology, Chandra said he has brought on board Jonathan Hsu, a partner and head of data science at Silicon Valley-based Social Capital. Having backed over 30 early to mid-stage startup like UnitedLex, Ezetap, MoEngage, RailYatri, Crownit and Toppr while at Helion, Chandra said his new fundwill focus on networks, payments and alternate lending. Unitary will receive operational, infrastructure and advisory support from Helion Advisors. Sanjeev Aggarwal and Ashish Gupta, the other co-founders of Helion are on board as advisors to the new fund. All three, including Chandra, will continue to actively manage the current Helion portfolio.