Small Biz-The Economic Times 5 April 2018

Laundry start-up UClean raises Rs 4 cr from angel investor

The company, has forayed into premium dry cleaning service with the launch of its first UClean Select store in Delhi.

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Flipkart deepens fashion market push with in-house brand

Flipkart gained online fashion market dominance with the 2014 acquisition of Myntra, which subsequently bought rival Jabong.

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Store payment data only in India: RBI gives all payment operators 6 months to comply

It is not immediately clear, but the move may impact WhatsApp’s new payment feature and also Google Tez.

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FIEO, PayPal join hands to simplify international trade for Indian exporters and SMEs

Under this collaboration, PayPal will join FIEO to train SMEs on how to utilise professional opportunities and use technology for safe and smooth business.

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Uber scales back Greek operations after law clampdown

The San-Francisco based company said it would sideline from April 10 a service employing private drivers, which has sparked protests from cabbies in Greece and other European countries.

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PE, VC investments surge 60% to a record $26 billion in 2017: Study

The exits grew 60 per cent to $15.7 billion with the public market being the preferred mode, consultant Bain & Company said.

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Microsoft 'ScaleUp' announces 12th startup cohort in India

ScaleUp focuses on late-stage B2B startups and helps them accelerate their business growth through mentorship, streamlined GTM activities and access to world-class technology.

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BeatO raises $1.3 million from Leo Capital, Blume Ventures

BeatO offers a smartphone-based glucometer. Started just over 2 years ago, BeatO currently serves 25,000 active customers in more than 1,500 cities.

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SmallCap World Fund hikes stake in Infibeam by 2% for Rs 169 crore

According to a regulatory filing, SmallCap, which held 3.54 per cent stake in Infibeam earlier, bought 1.07 crore shares representing 1.97 per cent of equity stake.

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More assets of Subhiksha founder R Subramanian attached in bank fraud case

Subramanian, who founded retail chain Subhiksha and also ran a chit fund scheme, was arrested recently on charges of defrauding Bank of Baroda for Rs 77 crore and investors of his chit fund scheme Viswapriya Finance Services of Rs 150 crore.

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More assets of Subhiksha founder R Subramanian attached in bank fraud case

In March 2016, the Enforcement Directorate had attached properties including agricultural lands worth Rs 4.5 crore.

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