#13Aug: MS Dhoni Invests In Cars24; Snapchat Has Opened Its First Office In India

Funding Updates-

▶MS Dhoni to own equity in Cars24 and will be the company’s brand ambassador. 

▶ Bertelsmann India leads $30 mn funding in gold loans startup Rupeek.

▶ Consumer-focused VC firm Fireside Ventures may raise $100 mn second fund.

▶ Bike taxi startup Rapido is reportedly talking for funding of a close to $50 Mn

▶ Chennai-based conversational AI startup Uniphore Software Systems has announced that it has raised $51 Mn in its Series C funding.

Other Updates From The Ecosystem-

▶ Snapchat has opened its first office in India, choosing Mumbai to set up its base in the country. 

▶ India asks Twitter to take down accounts tweeting about Article 370, J&K.

▶Facebook has filed a transfer petition in the Supreme Court over WhatsApp traceability

▶ Bengaluru-based cab hailing unicorn Ola has announced the acquihire of Bengaluru-based artificial intelligence startup Pikup.ai

▶ Reliance targets 500 mn Jio users under five-year plan for IPO

▶ Government of India said it will launch development and infrastructure initiatives in J&K

▶ Deloitte hosted the seventh edition of Morning Pitch today in Gurugram. Know more about it here.