February 2019
#StartupIndia
Startup News Asia’s monthly round-up of India’s tech, startup and VC funding news for February 2019
- India: Government eNAM – National Agriculture Market – platform completes first inter-state trade, bringing unified market for agricultural commodities closer
- India: IBM looks at 3rd-largest market in APAC for artificial intelligence-powered workforce automation solution
- India: Government aiming to use AI tools for better regulations and to protect citizen privacy and data ownership
- India: Mjunction e-commerce giant partners SHIPNEXT, blockchain startup for the maritime industry
- India: Tamil Nadu government considers ban of China’s TikTok to stop the spread of ‘harmful content’
- India: InMobi ad-tech startup to invest near $100M over 3 years in TruFactor
- India: Government issues draft e-commerce policy to regulate cross-border data flow, and requiring online retailers to have a registered local business entity
- India: Xpressbees ecommerce logistics startup secures $4.9M
- India: A brief look at Instamojo payments and e-commerce startup’s plans for global growth
- India: An intro to Avishkaar, education-tech startup with robotics labs and programs in 700 schools
- India: StyleDotMe fashion-tech startup launches augmented reality jewelry try-ons at Delhi and Bangalore airports
- India: Smallcase online investment platform raises $8M with ready-made portfolios approach
- India’s Federal Bank launches open banking platform
- India: Open fintech secures $5M with digital neo-banking services for SMEs
- India: Satya MicroCapital startup disburses $134M in loans to 200K micro-businesses inside 3 years
- India: MoneyOnClick raises $2.15M with machine-learning based credit underwriting and risk assessment platform
- India: Future of the banking sector will consist of blockchain, upgraded ATMs, more AI tech and a more secure digital infrastructure
- Growth in app-based delivery staff highlight India’s booming gig economy
- India: Policy commission discussion paper puts forward uses of AI in smart cities
- India: Happy Marketer digital marketing firm acquired by Japan’s Dentsu advertising agency
- India: Oyo joint venture with Yahoo Japan opens up Japan’s rental market as first overseas expansion
- India: Prarambh legal-tech startup incubator launches, India’s first
- India: Ecourt services to be available to citizens through 200,000 Common Service Centres
- India: Niramai healthtech startup gains $6M backing for AI-driven cancer detection
- India: Team Caeli students take win at Microsoft Imagine Cup Asia Regional competition with automated anti-pollution and drug delivery mask
- India: Smart street-lighting market expected to grow at an annual rate of 42.2% to $1.8BN by 2022
- India: Bookmybai domestic helper aggregator raises pre-A funding from Villgro Innovations Foundation social enterprise incubator
- India: A brief look at the recent Startup Walk in Chennai, showcasing the city’s young entrepreneurs
- India: OYO Hotels and Homes reportedly considering acquisition of FreshMenu ‘cloud kitchen’ startup to standardise meals business-wide
- India: Xpressbees logistics startup gains $4.9M in venture debt
- India: Oyo hotel platform closes $1.2BN round backed by SEA’s ridesharing giants Didi Chuxing and Grab
- India: Dunzo, Google-backed task management app startup, raises $3.1M
- India: OpenApp ‘smart locks’ startup raises $1.3M pre-A funding
- India: Country Delight direct-to-home dairy startup raises $10M
- India: NestAway launches 6-month equity-free incubator for consumer startups
- India: NutriTap secures $282K for healthy food options via IoT vending machines
- India estimated to have created 170,000 tech jobs in 2018, with AI, analytics and cybersecurity in demand
- India: Ola cab-hailing firm mulls investing around $4.2M in sRide car-pooling startup
- India: An intro to eBike rental platform for electric bikes
- India: AptEner Mechatronics biker gear maker raises $1.4M with wearable cooler for motorcycle helmets
- India: Pickyourtrail travel-tech startup lands $3M
- India: Vidooly video intelligence and analytics platform secures $2M
