# 2. Xiaomi valued at $54bn as IPO falls short of original goal: via – ft; the Important signal for entrepreneurs on how markets see the future differently than how you do: while Xiaomi is building a hardware plus internet services company, the majority of its revenues at present come from the smartphone business.
*Special mention / Manu Kumar Jain for building Xiaomi into a cool brand with a high recall in India.
# 3. 24 million bikes and cars were sold in 2017, one the strongest years for automobiles in recent history. : via Statista; This gives an important signal w.r.t Indian Governments intent to move to electric transportation by 2030. The EV infrastructure could be a major opportunity over the next 3-5 years in India.
#4. Is Bengal- the New #Growth Hub? This year #Bengal has bagged 31 Skoch Awards for performance across various sectors and implementing unique projects. SWAS App is one of them winning the Skoch Smart Governance #Award 2018.
Special Mention: @Abhishek Rungta
#5. Today every function in a business from sales to marketing to operations can grow at 200% efficiency if digitization is adopted. @InMobi has been a great example of this. Recently, InMobi has formed Strategic Partnership with @Microsoft to Power New Cloud-Based Enterprise Platforms for Marketers
Special Mention: @Analytics India Magazine
#6. If you have invested in bitcoin, this might be a high alert time for you. In a press release, Zebpay, which is one of the largest crypto-exchanges in India , have informed everyone to withdraw their money parked in their exchange.
#7. Now, States Will Be Ranked On Startup Ecosystem – DIPP wants to monitor the startups and they have decided to rank states based on their startup ecosystem. A 7-pillar framework will be created to gauge the startup progress in these states. Besides, DIPP has also announced that Angel Tax would be abolished for those startups, which have Rs 10 crore or less funding to date (only for those startups which were incubated before 2016) | @Trak.In
#8. Gurugram-based re-commerce startup Cashify raised a Series C round of $12 million led by a group of Chinese investors. Congratulations Mandeep Manocha
Special Mention: YourStory Media
#9. #Blockchain is surely, but gradually becoming a lot more than cryptocurrency. Kerala Goes Big On Blockchain – Supply Of Fish, Milk To Be Optimized With Technology. | @Trak.in
#10.Supreme Court Refuses To Grant Interim Relief On RBI Circular On #Cryptocurrency. After the SC had earlier ordered that all cryptocurrency-related cases be clubbed together and fixed July 20, 2018 as the date for the next hearing, the IAMAI had requested that the hearing is brought forward as the RBI’s circular dated April 6 is set to come into effect from July 5.
#11. Reliance Industries Enters the Ecommerce Market With Hybrid Model – has announced its foray into the ecommerce segment with a hybrid online-offline model – with an aim to create shared profitability by integrating the offline stores of three crore small retail players via Reliance Jio, RIL’S online platform.
#12. UAE based Phygicart enters Indian ecommerce market with initial investment of Rs 100 Cr. The amount would be invested by Boby Chemmanur, Chairman and Managing Director of diversified Rs.4,000 crore Boby Chemmanur International group. Phygicart was founded by Dr Jolly Antony and Anish K Joy.
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