Stories of the day for Entrepreneurs

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Morning Briefing Top news & stories of the startup ecosystem from India & around the world
12 Min Reading Time
After announcing the deal to buy Indian ecommerce company Flipkart, Global retail giant Walmart has been engaged in arranging the funds for the deal. The new reports have revealed that the US giant has set a target for June 7, 2019 to complete the process of arranging funds through bond sale for Flipkart.
In a statement, Ajay Bhushan Pandey, CEO, UIDAI said that in certain AUAs (Authentication User Agency), the authentication is always done in a controlled environment in the presence of their own regular staff while in case of some AUAs the authentication is performed in the presence of their agents who many a time cater to more than one AUA.
As per Ankit Tandon, COO, OYO Townhouse the idea stemmed from a lot of MICE (Meetings, incentives, conferences and exhibitions) enquiries that OYO was getting for its operated properties. Launched in April this year, OYO Auto Party is currently available in eight cities including Delhi/NCR, Jaipur, Lucknow and Kolkata with 50 venues. The company is targeting 100 venues by December this year in the eight cities.
Fact sheet backed by Inc42 Datalabs.
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Keeping up with our consistent efforts to bridge the gap between the Indian startup ecosystem, policymakers, and industry stalwarts, here are the startup events that you should consider participating in this week. Mark your calendars…
Who will understand this market better than someone who’s been in the SaaS industry since its inception in India till today, when it’s a booming industry? The man in question is Sridhar Vembu, the founder and CEO of Zoho. As we caught up with the SaaS magician during Inc42 Facebook Live AMA, here are some things that he shared…
The now-defunct Anglo-American firm has gained notoriety for its harvesting of Facebook profiles and shady campaign tactics, but the storm of controversy has been building for decades. Before its younger sibling, Cambridge Analytica, worked for Donald Trump, SCL Group claimed to have built a portfolio of political work in three dozen countries, deploying its “behavioral change” tactics in sometimes shaky democracies.
“Good artists borrow great artists steal” is a phrase that Facebook seems acutely aware of. It’s common to speak of Instagram, the Facebook-owned photo-app-now-social-network, borrowing from Snapchat, but now Facebook’s WhatsApp chat app is increasingly drawing its innovation from others such as Telegram.
Connoisseurs of the Amazon media narrative knew exactly what to expect when the retailer announced its acquisition of online pharmacy PillPack for just under $1 billion: lots of headlines about disruption, combined with breathless reporting about the plunging share prices of Rite-Aid, Walgreens, and CVS. Everything Amazon touches, it seems, gets automatically imbued with industry-shaking potential.
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