The Indian Technology and Startup Ecosystem on 11th August 2017

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

1) Master strategist Softbank has backed Flipkart with India’s largest funding.

2) Online travel portal MakeMyTrip has reported a 135% increase in net revenue to around $141.2 Mn in Q1 of 2017, despite soaring losses due to increased expenses.

3) Myntra has reportedly onboarded a new exclusive seller Sane Retails in an effort to comply with DIPP norms.

4) Stayabode Ventures, a startup that is building co-living spaces, has raised an undisclosed amount of funding from Incubate Fund .