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Logistics firm Gati invests in e-com facilitator BrownTape Tech

November 6, 2016

Hyderabad-based logistics firm Gati Ltd has invested an undisclosed sum in BrownTape Technologies Pvt Ltd, a cloud-based software solutions company based out of Goa. BrownTape helps online merchants to manage their orders for multiple e-commerce marketplaces. The company has a technology platform that helps sellers manage orders and inventory in one place without the need to log into each e-tailing site separately.

Read more - http://www.thehindubusinessline.com/economy/logistics/gati-invests-in-ecommerce-facilitator/article9306149.ece

Medicine delivery platform Medzin raises angel investment

November 6, 2016

Delhi-based Medhealix Healthtech Pvt Ltd, which operates Medzin, has raised INR 30 lakhs ($45,000) in fresh funding from existing angel investor A M Sikander, owner of logistics firm Sitics Logistic Solutions. The funding will be utilized to develop product, accelerate growth and create marketing campaigns.

Read more - http://www.vccircle.com/news/technology/2016/11/04/exclusive-medicine-delivery-platform-medzin-gets-angel-investment

Angel investors to invest INR 2 Crore in education start-up Stones2Milestones

November 6, 2016

A clutch of angel investors has committed to invest INR 2 crore in the education start-up Stones2Milestones (S2M) which is aimed at creating reading habit among school going children in the age group of 3-9 years.

Read more - http://economictimes.indiatimes.com/small-biz/startups/angel-investors-to-invest-rs-2-crore-in-education-start-up-stones2milestones/articleshow/552463

Online B2B marketplace Bizongo raises $3 Million from Accel, IDG Ventures

November 6, 2016

Bizongo, an online B2B marketplace, has raised $3 million from existing investor Accel Partners as well as IDG Ventures in a Series-A round. The funding will be utilized to expand seller base and build tech capabilities and products.

Read more - http://economictimes.indiatimes.com/articleshow/55257830.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

INR 50 Crore OIL Start-Up fund for new ideas in oil & gas sector

November 6, 2016

Oil India Limited (OIL) has set up an OIL Start-Up fund of INR50 Crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The government-run company also plans to create a dedicated website for its Start-Up initiative, inviting applications with project ideas, besides inviting through newspaper advertisements in the region with special attention given to ideas from students in technical institutions and universities.

Read more - http://economictimes.indiatimes.com/articleshow/55275854.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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