StartupsIndia Weekly Digest #1

1.The Lyft startup which is the on-demand road transportation firm which bagged the top position, in the list released by the Linkedin for the year 2018. The main criteria for the entry into a competition the startup should be seven years old or younger, and it should have at least 50 employees.

2. Anil D Sahasrabudhe the chairman of All India Council for Technical Education (AICTE) posted his views on the startups; saying about the startup policy for the students in the universities and colleges, and encourage the students to enter into the startups. The college should provide complete support and guidance to the students.

3. Paytm money app is the new service from the Paytm, which launched on the 4th September 2018, this application for the investments in the mutual funds through the Paytm money. The app is available on both platforms IOS and Google Android.

4. Google and Xiaomi are planning to buy the two-year-old startup app Where is my train, we can use the services of the app like the updates of the train without the internet and GPS. The google is offering the deal of worth approximately $30-40 Million, and Xiaomi is planning to invest in the startup.

5. The Air-Aid Indian startup is planning to start a project called Bloodstream which will be supplying the medicines to rural India using the drone. The startup is planning to expand all rural places by 2019; they are lifesavers for rural India.

6. The Indian startup from the Indian Institute of Science (IISc) Bangalore is planning to send to 200 satellites into space to give 50Mbps internet to every corner of India. They will send their first satellite in the next year that is 2019 and the remaining by 2021.

7. Edible routes the startup which is giving the fresh and organic fruits and vegetables to the people who are living in the urban areas. It’s providing the land for the customers through selling or leasing some part to develop their own variety of fruits and vegetables. This startup is located in Haryana.

8. The major suppliers of the oil in India are Indian oil, HPCL, and BPCL are planning to merge and invest in the startups to solve the internal problems of their issues and enhance the fuel production.

9. The Mumbai based startup Haazari which is the street snack and tea restaurant raised founding worth 1.25 crore in Indian rupees from the Artha Venture Fund. The reason behind the fundraising is to open its franchise over 20 locations in the Mumbai, which is started in the year 2016.