5 Fresh Stories About Indian Startup Scene
1. Snapdeal Acquired Freecharge: The Biggest M&A in Indian Internet History
Snapdeal made history by becoming one of the largest mobile commerce company in India by acquiring Freecharge for an undisclosed sum of money. Rumors are that the deal is in the range of $400-$500 million. Snapdeal thus took one step ahead of competitor Flipkart which acquired Myntra last year for a range of $350 million. Both Snapdeal and Freecharge together has more 40 million applications downloaded witnessing more than one million transactions daily.
2. A New innings by Yuvraj Singh for Young Entrepreneurs
Our Favorite beloved Cricketer Yuvraj Singh who was unfortunately kept out of 2015 world cup is now going to make mark by helping young entrepreneurs. Yuvi is planning to float a venture fund program namely “YouWeCan VENTURE” with an aim to help young entrepreneurs across different sectors by investing in them. In the initial stage he is going put 50 crores in the fund which is expected to raise to 300 crore from other investors. Hope this innings of Yuvi Scores a double, triple and more centuries.
3. Flipkart will now deliver Grocery to your Doorstep
Well, Who doesn’t want fresh fruits, vegetables and grocery items delivered to their door steps. Forget about you Saabziwala delivering it to you. Now Flipkart, one of the largest E-commerce company in India is planning to sell groceries from second the half of this year. But we will see, if Flipkart acquires portals like Zopnow and Big-basket that sell groceries or it starts on its own.
4. PM Launched MUDRA For Startup’s and SME’s
A good is also coming from our most dynamic PM Narendra Modi’s side, yesterday he launched MUDRA bank an interesting name which stands for Micro Units Development and Refinance Agency. In the initial stage MUDRA will run as a subsidiary of SIDBI with an aim to provide loan to small businesses and SME’s like shopkeepers, small retailers and more like them. Later this Agency will be converted into full-fledged institution.
5. OLA CABS: A more Safer drive for Women
After acquisition of TaxiForSure for about $200 million, Ola Cabs are now doing an commendable job by providing training to 50, 000 women drivers. OLA has signed a Memorandum of Understanding with Automotive Skill Development Council to provide training to these aspiring women drivers. Earlier Ola came with Pink Taxi’s in metros which were only for women’s, now this time they came up another great step showing there concern towards women security. Well done Ola.
Wrapping Up: 5 Fresh Stories About Indian Startup Scene
Startups in India are increasing at a faster pace. India is the fourth largest base for Technology Startups across the world and with all those growth, acquisition and funding taking place, the numbers are going to rise. We presented before you the 5 best stories taking place in the Indian Startup market. We would like to welcome your thoughts below.