Inc42 Morning Brief

8:38 AM (1 hour ago)

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Morning Briefing (12 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
Asian venture debt and specialty lending firm InnoVen Capital today announced its second bet on curated travel platform TravelTriangle, investing $3 Mn as venture debt. The investment follows InnoVen Capital’s 2015 investment of $1.25 Mn in the startup.
Foodpanda, an Ola-owned online food delivery company announced its acquisition of Mumbai-based food-tech platform Holachef. Through this collaboration, Foodpanda marks its strategic entry into cloud kitchens and plans to launch its own brand of food products in different categories.
Kochi based agritech startup, Farmers Fresh Zone Pvt Ltd, also known as FarmersFZ, has announced that it has raised an undisclosed amount in a seed round of funding.
Inc42 sets out to answer many more such questions in its upcoming annual report, The State Of Indian Startup Ecosystem Report 2018, to be launched at The Ecosystem Summit in November. Have you applied for your invite as yet?
Fact sheet by Inc42 Datalabs.
VGSTS 2018 was an ideal platform for innovators, founders, and entrepreneurs alike, from all over the country, to participate, exchange ideas, build their network, and learn from the industry experts and established entrepreneurs tip and tricks that took the latter many years and setbacks to master. Know all about the event here…
Festivals are a time of jackpot for Indian ecommerce retailers. In the last five years, festive sales have been credited to increase the overall ecommerce market in India from 0.7% to 3.2%, powering 6X growth. This year, the festive sale battle was fought three-way between Amazon India, Flipkart, and Paytm Mall and was all about blowing their own trumpets.
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported.
After a disappointing second quarter, Netflix is back in Wall Street’s good graces. The company just released its third-quarter earnings report, and the stock is up 12 percent in after-hours trading.
Google is changing the way it licenses its suite of Android apps in Europe, leading the company to charge a licensing fee for the Play Store and other Google apps for the first time.