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Medical technology startup Cyclops to bring low-cost vertigo diagnosis device
Bengaluru-based medical technology startup Cyclops has created a low-cost devices that can diagnose vertigo based on eye expression. In India, the doctors receive a formal lesson of just one hour on how to diagnose and treat vertigo. This device is going to cost nearly Rs 4 lakh, whereas a similar device is available at about Rs 12 lakh in other countries. Cyclops was incorporated in January 2015 and the firm hopes to receive its CE and ISO-13485 certification by January next year.
Delivery Hero acquires foodpanda as Rocket Internet shuffles online takeout pack once again
Rocket Internet has shuffled the online takeout pack of cards once again. A move that should help fatten up Delivery Hero a little more for a long-rumoured planned IPO of its own. As a result, Rocket Internet will increase its ownership in Delivery Hero to 37.7 per cent on a fully diluted basis post transaction. In addition, Delivery Hero says foodpanda will enable it to consolidate its market leadership position in the Middle East.
Delivery Hero buys Foodpanda in sought after food delivery market
Berlin-based online food takeaway service Delivery Hero, one of Europe 's biggest start-ups, will acquire competitor Foodpand, a sign of further consolidation to fend of new competition in Europe's sought after food-delivery business. Delivery Hero, which was valued at 2.8 billion euros ($2.96 billion) in its latest funding round in June, in a statement on Saturday said it signed a definitive agreement buy Foodpanda, itself a Berlin-based start-up.
4 Mn Downloads, 100K Doctors, $11.43 Mn Funding: Healthcare Platform Lybrate Looks To Close ‘Awareness-Engagement-Action’ Loop For Patients
The app has been downloaded more than 4 Mn times and 5 Mn interactions take place on the platform every month, according to an official statement. Ironically, the platform still had 1,500 doctors as at that time - all work of word of mouth, email and facebook campaigns. Also, being just an intermediary, the platform doesn't know what happened at the doctor's clinic, so it's not a closed loop experience.
HDFC’s realty startup RED plans to take property-buying digital
While HDFC's association as a financial brand is the best form of artillery for RED to stand out in a cluttered realty listing market, its recommendation engine gives it a technological edge. There's very little differentiation, avers marketing and branding consultant Smitha Sarma Ranganathan, among property-listing digital platforms - be it search parameters or user experience. What's perhaps also helping the realty startup is its singular focus on the primary home-buyer market.
In modest India, investors shy away from adult product site That's Personal
Investors say the regulatory environment is uncertain and fear Indian officials will shut down That's Personal if it runs afoul of conservatives. There are people in India with a view on what India is and what India should be, he says. Even potential backers who deem the online adult segment a winner have been deaf to Saraiya's entreaties. That's Personal says it has stayed ahead with a broad range of merchandise and exclusive deals with big manufacturers.
India: NSE said to plan $1.5b IPO filing in December
Existing NSE investors plan to sell about 25 percent of the company through the offering, which won't include any new stock, the people said. NSE's offering would be the largest IPO in the country since Coal India Ltd.'s 2010 share sale, which raised 154.8 billion rupees, according to data compiled by Bloomberg. The board of NSE will make a final decision on the amount of stock to be sold in the offering, and details could change, the people said.
Segment adds Google BigQuery to expand its customer data platform
Segment helps businesses manage all their data from services like Google Analytics, Mixpanel and Salesforce - and send that data to a variety of destinations, whether it's an attribution product or a data warehouse. The company announced yesterday that it's expanding its offerings on by integrating with BigQuery, Google's data warehousing service. We've noticed a real upsurge in demand for BigQuery, he said.
Amazon takes Cloudtail route to market private labels
The world's largest online retailer has launched two private fashion labels - menswear brand Symbol and an ethnic wear label for women, Myx. AmazonBasics brand is currently sold by Cloudtail, an Amazon spokesperson said in an email response. All the private labels are sold by Cloudtail India, which is a joint venture between Amazon Asia and Infosys founder NR Narayana Murthy's personal investment vehicle Catamaran Ventures.
India: Drug maker Strides Shasun to buy Perrigo API India for $14.8m
Indian drug maker Strides Shasun has signed an agreement to acquire Perrigo API India Pvt Ltd for Rs 100 crore ($14.8 million), the company said in a stock market disclosure. Bangalore-headquartered Strides Shasun has four business verticals- regulated markets, emerging markets, institutional business and active pharmaceutical ingredients, and has 13 manufacturing facilities. Post merger, Strides Shasun got access to two US FDA API facilities which had a combination of API's for captive consumption and commodity APIs.
India: SBI to sell $264m stake in life insurance arm to KKR, Temasek
SBI Life is a joint venture between India's largest lender SBI and BNP Paribas Cardiff. Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited acted as the exclusive financial advisors for the transaction. Before it went public in September, ICICI Prudential Life Insurance Co Ltd too sold shares through a private placement. In November 2015, ICICI Bank Ltd sold 6% of its stake in its life insurance joint venture ICICI Prudential Life Insurance.
Do Indian start-ups need protection from foreign competition?
In the decade since its inception, it has raised nearly $3 billion, almost all of it from foreign investors. Speaking at Carnegie India's Global Tech Summit in Bengaluru, Bansal called for government intervention in protecting Indian start-ups from foreign competition. They told the world that we need your capital but we don't need your companies, Bansal said. Ola and Flipkart are locked in a fierce battle for dominance in the Indian market with Uber and Amazon respectively.

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