The Indian Technology and Startup Ecosystem on 10th August 2017

What all happened in Indian Technology, Business & Startup Ecosystem:

1) Noida-based EM3 Agriservices Pvt. Ltd. has raised $10 Mn in a Series B funding round led by Global Innovation Fund (GIF) .

2) SEBI has formed a CFRT to examine ongoing and medium-term trends related to fintech in the securities and financial markets worldwide.

3) Google is looking to reach more users in India with two new services: Google Home and Google Feed.

4) India’s leading Bitcoin exchange Zebpay is open to the idea of accepting BCC, given that there is local demand.

5) According to RoC filings, Axis Bank has extended about $58.7 Mn working capital credit line to Flipkart India Pvt. Ltd.

6) Belgium-headquartered WABCO has acquired AssetTrackr Pvt Ltd .

7) Amazon is planning to infuse another $62.7 Mn in its Indian logistics arm Amazon Transportation Service.

8) Agritech startup Crofarm has secured about $783K Pre-Series A funding from a clutch of investors.