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[Funding Alert] Facebook debuts startup investment in India with Bengaluru-based Meesho

Meesho, a Bengaluru-based social commerce platform that helps resellers and emerging brands build businesses using social media, has bagged funding of undisclosed amount from social network giant Facebook. This is Facebook’s first investment in an India-based startup, and is a strong demonstration of the company’s commitment to the country’s vibrant internet ecosystem, the Silicon Valley company said in a statement. Founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal in 2015, Meesho has created an alternate distribution channel by empowering housewives, young mothers, aspiring entrepreneurs, students, and teachers, to launch, build and promote their online businesses…

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India tops in investment in Dubai’s gold sector

Indians lead the top 10 nationalities investing in Dubai’s gold sector followed by the citizens of Pakistan, Britain, Saudi Arabia, Switzerland, Oman, Jordan, Belgium, Yemen and Canada, according to a new report. As many as 4,086 companies operate in the gold sector in Dubai and the number of investors stands at 62,125 including 60,012 businessmen and 2,113 businesswomen, the Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) said in its new report. The report includes statistics on the number of companies operating in Dubai, the…

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SoftBank arm may venture into India with Loginext investment

SoftBank Ventures Asia, an early-stage funding arm of Japan’s internet and telecommunication giant SoftBank, might enter the Indian market with an investment in logistics management software provider Loginext Solutions Pvt Ltd. According to various sources, SoftBank Ventures Asia has been in talks with Loginext since April. Interestingly, Loginext is backed by Vijay Shekhar Sharma’s Paytm, in which SoftBank has a major investment. Founded in 2000, SoftBank Ventures Asia is based in Korea and it scouts for start-ups with a strong potential in Asia, the US, Israel, and the EU, focussing…

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Bosch Makes First Venture Investment In India With Deeptech Startup SimYog

Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies. Incubated at the Indian Institute of Science, SimYog has raised $885.7K (INR 6.3 Cr) in a funding round with participation from early-stage venture capital firm Ideaspring Capital. The startup plans to use the fresh funds to expand its product offering. The company will also expand its team to 12 people—from five now—over the next year, as it adds customers and products. Founded in 2017 by Dipanjan Gope, Anant Devi and…

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India Is Addicted To WhatsApp More Than Any Other Social Media, And Knows It Can Be Dangerous

We spend a lot of time everyday on your smartphones, a lot of which might be across various social networks. Particularly WhatsApp. These come with their own problems of addiction, fake news, and online harassment, and India is no exception when it comes to dealing with these issues. That’s why public opinion data analytics firm YouGov conducted a survey of Indian smartphone users, to see how we deal with everything we’re exposed to on social media platforms daily. And the results are pretty interesting to say the least. For one thing…

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Interview: Experiential travelling is the next big trend in India

The Indian tourism industry is evolving but fails to score well on customer satisfaction. The industry needs certain regulations and interventions in aspects like safety for women travellers, keeping the tourist sites clean and creating a great experience only then people will look upon India as a promising tourist destination, said Saurabh Sharma, the founder and director of Travel Unravel Holidays Private Limited, in an email interview with Yahoo India. Travel Unravel is a UK-based organisation, working to create a better travel experience for every traveler. Here are some edited excerpts…

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