The Indian Startup Ecosystem on 4th August 2017

What All Happened Today In The Indian Startup Ecosystem:

1) Ola (ANI Technologies Pvt. Ltd) employee and co-founder of Qarth Technologies (An Ola Company), Abhinav Srivastava, has been arrested by Bengaluru’s Central Crime Branch on charges of Aadhaar data theft for illegally accessing UIDAI data

2) Delhi-based SaaS solutions provider, LimeTray, has raised an undisclosed amount of funding from JSW Ventures

3) Avendus Finance, has announced the launch of a $78.5 Mn debt fund

4) Odisha Government has recognised 80 Startups Under The Startup Odisha Umbrella

5) Mauritius-based LTS Investment Fund has sold a portion of its stake in Ahmedabad-based ecommerce marketplace Infibeam for $8 Mn

6) South African Internet and media conglomerate Naspers is looking to exit its five-year-old investment in B2B online travel portal TravelBoutiqueOnline (TBO), seeking a valuation of $47 Mn

7) The government has launched the AGRI UDAAN – Food and Agribusiness Accelerator 2.0 for agri startups