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Morning Briefing (10 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
Mumbai-based online gaming company Nazara Technologies is planning to make a slew of acquisitions, particularly in the real money gaming space as it is reportedly in late-stage discussions with at least four companies in India and Africa.
Founders of cab aggregator Ola -Bhavish Aggarwal and Ankit Bhati- along with MacRitchie Investments has received final approval from the Competition Commission of India (CCI) to acquire an additional 6.75% stake in its parent entity, ANI Technologies Pvt. Ltd.
Bengaluru-based myGate, a mobile-based security management solution for gated premises, has raised Series A funds of $8.7 Mn (INR 65 Cr). The round was led by existing investor Prime Venture Partners, who earlier invested $2.5 Mn in the company in January this year.
Fact sheet by Inc42 Datalabs.
As part of Inc42 ’s ongoing initiative to get insights from key stakeholders on the Indian ecosystem, we spoke with Karan Sharma, who co-heads the Digital and Technology Investment Banking at Avendus Capital about how he expects the landscape evolve. Read everything he had to share here…
We bring you a masterclass on funding from SaaS master Sridhar Vembu. Talking to Inc42 during Facebook, Vembu offers a simple thumbrule to help startups resolve the confusion between raising VC money and bootstrapping — “don’t overthink it”. Vembu gives startups a unique analogy: “Go outside your home and see the coconut vendor or the chaiwala. They are bootstrapped.”
Y Combinator has released the results of a survey, completed in partnership with its portfolio company Callisto, highlighting the pervasive role of sexual harassment in venture capital and technology startups.
Google CEO Sundar Pichai publicly addressed his company’s plans to re-enter the Chinese market with a search and news-oriented product, telling a crowd at Wired’s 25th anniversary summit that such a service would be capable of serving 99 percent of queries.
Facebook Inc will ban false information about voting requirements and fact-check fake reports of violence or long lines at polling stations ahead of next month’s U.S. midterm elections, company executives told Reuters, the latest effort to reduce voter manipulation on its service.