TOP Today – Top News on Wednesday ( 2nd Dec )

Here are the News which made it to Top News of Indian Startup Ecosystem on 2nd Dec.

1. Tiger Global raises new $2.5B fund


Tiger Global Management, one of India’s most active investors in startups, has raised $2.5 billion in its latest global fund, according to a filing with the US Securities and Exchange Commission. Full story here

2. India needs to encourage entrepreneurship, new ventures: Ratan Tata

Former chairman of Tata Group Ratan Tata today said India needs to transform itself into a place that supports entrepreneurship and should cultivate an environment that enables setting up of new businesses. Full story here

3. Zuckerberg to give away 99% of Facebook shares 

The shares are currently valued around $45 billion. Full story here

4. Zapluk raises angel funding from Apple’s Sharma, others

Hyderabad-based ZapForce Technologies Pvt Ltd, which runs on-demand beauty, wellness and fitness app Zapluk, has raised an undisclosed amount in angel funding from a group of angel investors including Alok Sharma, former CEO of Apple India. Full story here

5. Café Coffee Day ties-up with Swiggy for Home Delivery

Retail coffee chain Café Coffee Day (CCD) has partnered with Swiggy to deliver orders to customers in Bengaluru. CCD has curated a special menu with some choicest offerings from light snacks to heavy meals to desserts and ofcourse its range of hot & cold beverages. Full story here

6. Well done Paytm, Ola & Zomato – for helping Chennai floods victims

The city is witnessing the heaviest downpour in over 100 years. For the first time since 1878, the newspaper The Hindu did not put out a print edition on Wednesday as workers could not access the press. Full story here

7. Ratan Tata Backed Kaaryah Raises Funds From Mohandas Pai & Saha Fund

New Delhi-based online non casual fashion portal for Indian women Kaaryah has raised an undisclosed amount in Pre-Series A round of funding from former Infosys veteran TV Mohandas Pai and The Saha Fund. Full story here

8. Cross Roads to raise $25 mn in Series A funding

Emergency roadside assistance company Cross Roads plans to raise $25 million in Series A funding to support expansion plans for next three years. Full story here


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