INR 499 crore support announced by Defence Ministry for Startups and MSMEs
In order to financially support startups and MSME, individual Innovations and Partner Incubations, the Defence Ministry has announced a support of Rs.498.8 in the defence sector.Apart from finding available slots, users can now book Covid- 19 vaccination slots on the Paytm app. The slots can be booked for both, Covaxin and Covishield in the nearest centres.Abu Dhabi's sovereign fund ADQ is in talks with e-commerce giant Flipkart in order to invest 500 million dollars in the company as it raises funds ahead of a potential Initial Public Offering next year.Indian Space Research Organisation has launched three new online courses for students and working professionals. The courses are offered by Indian Institute of Remote Sensing. After the completion, the participants will get a certificate. India is going to get its very first subscription based airline by Prince Air. Customers will be able to fly multiple times for a monthly subscription. Prince Air’s Founder, Sanket Raj Singh will be able to enjoy a privileged experience.Community monetisation platform Convosight has raised 9 million dollars as a part of its series A funding round led by Qualgro. Other participants included Unilever ventures, former McKinsey executive Ajay Gupta, existing investors, IvyCap ventures and sequoia capital India’s Surge.AI and Saas based contract lifecycle management platform SimpliContract has raised 1.8 million dollars in a seed funding round led by Kalaari Capital. Other participants were Picus Capital, Arka Ventures, and Digital Sparrow CapitalRoposo owner and content discovery platform Glance has acquired full stack e-commerce platform Shop101. Glance and Roposo will get access to e-commerce technology platforms, comprehensive supply-chain infrastructure and talent base. The financial details of the deal were undisclosed.B2B marketplace and retail platform Jumbotail has raised Rs.35 crore from Alteria Capital. The fund has been raised in order to expand operations and scale fintech business.Online classifieds company Info Edge has acquired end to end recruitment automation software Zwayam Digital. The deal has been finalised in acquiring 100% share capital of Zwayam Digital by Info Edge at a value of Rs.61 crore.#rajnathsingh #DefenceMinistry #MSMEs #Startups #Defence #covid #Covid19 #vaccination #Paytmapp #Covaxin #Covishield #Flipkart #bookcovidvaccine #ADQFlipkartInvestment #ADQ #isro #onlinecourses #elearning #airline #PrinceAir #princeairsubscription #Convosight #Qualgro #seriesAfunding #AI #Saas #SimpliContract #KalaariCapital #Glance #ecommerce #Shop101 #Roposo #Jumbotail #AlteriaCapital #fintech #InfoEdge #ZwayamDigital #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia