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Morning Briefing (9 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
Today, Inc42 announces ‘The Lists’, which will be unveiled at The Ecosystem Summit and will be featured in the Ecosystem Report. The list of 42 Influentials Of The Indian Startup Ecosystem and The list of 42 Most Innovative Startups in India. These lists are our annual encyclopedia of creative disruption featuring hundreds of influencers, startups, and businesses.
Reports have quoted top officials to claim that the Ministry of Electronics and IT has asked Facebook to “quantify the impact on its users in India while the company has sought some time for the investigation and have committed to get back to the Ministry with a detailed report by Wednesday morning.”
National Payments Corporation of India’s instant interbank payment system, Unified Payments Interface (UPI) has recorded 405.87 Mn transactions in September for a value of $8.18 Bn (INR 59,835 Cr). The growth continues to be nearly 30%, after it recorded 32% growth in August with 312 Mn transactions for a value of $7.41 Bn (INR 54,212 Cr) against 235.6 Mn transactions in July 2018.
Fact sheet by Inc42 Datalabs.
The Gujarat government, with its policies and schemes, accelerators and incubators, is doing all it can to support the dreams of aspiring entrepreneurs and give them wings of reality. The state, which has recognized 184 startups to date, is looking to facilitate 2,000 startups by 2021.
In this edition of Startup 101, we bring to you the answer to this all-important question — where can I find angel investors? The decision is largely based on who suits the needs of your business better.
Blockchain report
Sridhar Ramaswamy, Google’s head of commerce, is leaving the company after more than 15 years and will be joining Greylock Partners, sources inside the company told us and Google  confirmed. Ramaswamy will become a venture partner at Greylock Partners.
Microsoft has accidentally confirmed it’s planning black Surface models. The software giant first launched its Surface RT in a black “VaporMG” variant nearly six years ago, and switched to silver options ever since. In an event listing (that has now been removed) for a Surface event in New Zealand on October 16th, Microsoft says Surface is going “back to black.”
The news, announced today, comes a week to the day after Instagram co-founders Kevin Systrom and Mike Krieger unexpectedly revealed they were resigning from Facebook six years after selling their company to Mark Zuckerberg for $1 billion. Instagram has a new boss: Adam Mosseri, Instagram’s current VP of product and a former high-ranking product exec at Facebook, is taking over as “Head of Instagram” as expected.