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Discovery platform NearFox secures seed funding

August 26, 2016

Mumbai-based NearFox, a local lifestyle content and discovery platform, has raised an undisclosed amount of seed funding from a clutch of investors, including Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain, and Craftsvilla Products VP Arpan Nagdeve; and with the infused capital along with the planned launch in New York, it also intends to be operational in 10 cities by mid-2017, and aims to launch in 200 cities globally over the next three years

Read more - https://yourstory.com/2016/08/nearfox-funding/

Snapdeal receives $21 million from Luxembourg’s Clouse SA

August 26, 2016

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has received more than $21 million as part of its previously announced funding round from Luxembourg-based firm Clouse SA

Read more - http://www.livemint.com/Companies/4a92lrk7ziHSdBKHoC2oPN/Snapdeal-receives-21-million-from-Luxembourgs-Clouse-SA.html

A year after launch, Flipkart’s Growth Capital programme crosses Rs 125-cr mark

August 26, 2016

Flipkart have disbursed loans worth over Rs 125 crore to more than 800 sellers in the year since it launched the Growth Capital programme; through its tie-ups with eight financial institutions for the financing initiative which offers collateral-free loans

Read more - https://yourstory.com/2016/08/flipkart-growth-capital-programme/

Help us Green spreads the Scent down the Ganges

August 26, 2016

Kanpur-based startup Help Us Green, which converts flower waste collected from temples and mosques into patented organic manure and scent sticks, plans to cover more cities along the Ganges to do its bit to reduce river pollution

Read more - http://economictimes.indiatimes.com/small-biz/startups/help-us-green-spreads-the-scent-down-the-ganges/articleshow/53852131.cms

Indian fintech investments 2nd largest in Asia-Pacific at $339 mn

August 26, 2016

Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China

Read more - http://economictimes.indiatimes.com/small-biz/indian-fintech-investments-2nd-largest-in-asia-pacific-at-339-mn/articleshow/53863259.cms

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