#30Aug: Apple Outlines INR 1K Cr Investment To Establish Retail Presence In India; Flipkart Plans To Invest $40 Mn In Shadowfax
Funding updates:
▶ Flipkart is reportedly close to investing in logistics startup Shadowfax.
▶ Healthtech startup Innovcare Lifesciences raises $6.4 mn from JM Financial.
▶ Chennai-based subscription management platform Chargebee has raised $14 Mn.
Other updates from the startup ecosystem:
▶ Apple plans to invest INR 1,000 Cr in India to set up its first online retail platform.
▶ Venture Catalysts joins the bandwagon by taping on family offices.
▶ Tata Power is reportedly planning to set up an expansive network of electric vehicle charging stations across India.
▶ Gujarat gets 550 e-buses, Odisha sends out tender for e-rickshaws.
▶ MG Motors joins hands with Delta Electronics to strengthen India’s EV charging infra.
▶ B2B Unicorn Udaan receives over $80 mn in funding from parent entity trustroot.
▶ A technical system outage on the stockbroking website Zerodha for nearly 30-35 minutes caused lakhs of losses for its users.
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