The Indian Startup Ecosystem on 1st August 2017

What All Happened Today In The Indian Startup Ecosystem:

1) After failed merger deal, Snapdeal to hand over pink slips to 80% employees.

2) The merger transaction between home-bred ecommerce giant Flipkart and eBay has been formalised making eBay India a Flipkart Group company

3) Flipkart might receive massive $2 Bn funding from Japanese conglomerate ソフトバンク SoftBank

4) Andhra Pradesh-based enterprise class data centre and cloud service provider Pi DATACENTERS has raised $90 Mn in a Series B funding.

5) Karnataka Government has received 1,700 applications for its ELEVATE 100 initiative.