SoS Digest/ 25-12-16 to 01-01-17

Startup news
  1. Fitness App HealthifyMe Receives An Additional Funding of $1 Million; Crosses 1 Million Downloads on PlayStore

Bengaluru-based health/fitness app, HealthifyMe today hit 1 million downloads on Google PlayStore. With a rating of 4.3/5, HealthifyMe is ahead of all the other apps in this space. Adding to this success, the app has also received an additional $1 million (INR 6.7 crores) in funding from Dubai based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups.


  1. Online Event Booking Platform Raises Pre-Series A Funding

BookEventZ, an online Event-Booking platform, raises an undisclosed amount in a successful Pre-Series A round from Lead Angels, Mumbai Angels and Letsventure. Existing investors also participated in this round.


  1. Jaarvis Accelerator Partners With Incubate Fund To Launch B2B IoT Accelerator Program

Jaarvis Accelerator is set to launch India’s first 6 month B2B IoT accelerator program in Bangalore and Gurgaon in partnership with Incubate Fund, Japan’s leading seed fund upto $50,000 investment and option of $100,000- $300,000 post program funding.


  1. MobiKwik, IRCTC Tie Up For E-Cash Payments For Tatkal Bookings

Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings.


  1. OTT apps give the idiot box a run for its money

Known in the trade as over-the-top (OTT) applications, the four platforms cited above join a field that includes Eros Now, Viacom 18’s Voot and JioCinema. Providing exclusive content calls for investment. Amazon, for instance, is setting aside Rs 2,000 crore for Prime Video in India and has announced 18 original shows for India. Hotstar, Eros Now, Sony Liv and others are likely to have spent at least double this amount since their respective launches, experts said.


  1. More than 200 startups shut shop in 2016

While 2015 was a year of big-ticket funding rounds, 2016 is a year of harsh reality for the country’s startup ecosystem: 212 startups have not survived to see 2017. The number of startups that shut down their services this year is 50% higher than last year, when about 140 startups shuttered, according to data analytics firm Tracxn.The biggest casualty in 2016 was grocery delivery startup PepperTap, which was dubbed the biggest com petition to BigBasket last year. It topped the list of startups that shut after having raised the highest funding.


  1. Unocoin users can now buy bitcoin using PayUmoney Wallet

Bitcoin service provider Unocoin has joined hands with digital payments solutions provider PayUmoney to enable Unocoin users to buy Bitcoin using the PayUmoney Wallet.  With this partnership, users can avail more alternatives apart from the standard NEFT/IMPS/RTGS transfers.


  1. Hubli-based Freshboxx acquires UrMajesty, looks to impact 20,000 farmers by 2017

Online fruits and vegetables enterprise announced on Friday that it had acquired UrMajesty, a Hubli-based last-mile logistics startup, for an undisclosed sum. With this acquisition, along with the strengthening of its core team, Frexshboxx  aims to multiply its revenue by starting business operations in South Karnataka while simultaneously launching in new cities of North Karnataka.



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