The Indian Technology and Startup Ecosystem on 17th August 2017

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

1) ソフトバンク Softbank is looking to infuse $200 Mn in Gurugram-based logistics startup RIVIGO, the investment is likely to take Rivigo’s valuation to about $1 Bn, crowning it a Unicorn.

2) The Madhya Pradesh Tiger Strike Force has issued a notice to multiple ecommerce firms for the alleged trade of wildlife items.

3) International Bitcoin exchange BitBay Sp. z o. o. has reportedly started operations in India, as part of a move geared towards the expansion of its cryptocurrency trading business.

4) Indian #government has asked mobile phone manufacturers to outline the procedures and processes they adopt to ensure data security and privacy of users.

5) By 2030, nearly 40% of all new cars hitting the country’s roads will be electric vehicles, predicts McKinsey & Company & Co Director Rajat Dhawan.