1947 Tech Newsletter 🇮🇳

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1947 Tech 🇮🇳: 113
1947tech.substack.com

1947 Tech 🇮🇳: 113

Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India

shiva singh sangwan
Jun 4, 2020
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1. Abu Dhabi Investment Authority in talks to invest in Jio platforms

Jio ain’t stopping!

Abu Dhabi Investment Authority has joined active discussions for a minority stake in Jio Platforms as cash-rich sovereign wealth funds from the Gulf proactively seek out deals around the world, people familiar with the matter said.

ADIA follows Mubadala, the sister firm of the UAE’s largest sovereign wealth fund, which has already been in negotiations with Reliance Industries (RIL), the parent of Jio Platforms.

Twitter avatar for @BeingPracticalpj @BeingPractical
Jio Ecosystem via @YourStoryCo
Image

May 29th 2020

69 Retweets298 Likes

Others:

Microsoft wants a piece as well: Link

Google explores Vodafone Idea stake as part of India push: Link

Abu Dhabi Investment Authority in talks to invest in Jio platforms

2. Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation

A lot is happening at PayTm Mall

Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment.

JioMart effect?

Softbank is a common investor in PayTm Mall and Grofers.

Paytm Mall has also held discussions to invest in or acquire milk delivery startup MilkBasket.

I use MilkBasket. It’s pretty good.


Paytm Mall appoints Abhishek Rajan as COO, moves to Bengaluru: Link

Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation

3. Urban Ladder co-founder Rajiv Srivatsa named as partner and country head for Antler

What is a pre-incubator?

Antler.

Antler pays you to join their cohort to start companies. They help you find a right co-founder, figure out a business model, and later connect you with investors and mentors.

Pretty solid.

Rajiv Srivatsa, the co-founder and former chief technology and product officer at online furniture and home decor retailer Urban Ladder, has been named partner and India head for Singapore-based early-stage venture capital firm Antler.

Urban Ladder co-founder Rajiv Srivatsa named as partner and country head for Antler

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Worth your attention:

  1. India rejects Walmart-owned Flipkart’s proposed foray into food retail business Link

  2. Govt bans popular file-sharing site WeTransfer in India Link

  3. The Ministry of Information Technology (MeitY) is fast-tracking its ambitious Rs 5,000 ($715M) crore fund-of-funds Link

  4. Munich Re Ventures in talks to lead $60–70M funding in Acko Link

  5. Knowlarity founder launches $50 Mn worth SaaS-focused fund Link

A week in review

Twitter avatar for @shivassangwanShiva Singh Sangwan @shivassangwan
This week in 🇮🇳! • Munich Re ventures in talks to lead $60-$70M funding in Acko • CarTrade is raising $46M • DocsApp merges with MediBuddy and raises $20M • BankBazaar has raised $6.4M • IVF raises $5M • LetsTransport raises $1.5M • Crofarm raises $1M

June 4th 2020

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Twitter avatar for @shivassangwanShiva Singh Sangwan @shivassangwan
• UPI registered 1.23B transactions in May • knowlarity founders launch $50Mn SaaS focused fund • MeitY fast-tracks $715M Fund-of-funds • Govt bans WeTransfer in India • Govt rejects Flipkart’s proposed Gorey into food retail

June 4th 2020

1 Like

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

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