In no particular order, here are MediaNama’s top 10 stories of the week ended 28th August 2016 MediaNama would like to thank its sponsors: Info Edge, Times Internet and E2E for their support. - When the funding didn’t come through: An Appie story The office was closed, and the founder wasn’t there. In May this year, Appie sent out word to the media that it had raised $1 million in bridge funding from HNIs in India and Europe which it said would be used for product launch, customer acquisition and business development. Appie is a two year old company run under Appie Mobiquity Pvt Ltd. Read it here. - The Unified Payments Interface (UPI) is now live with 21 banks The National Payments Corporation of India (NPCI) announced that it’s ambitious payments architecture the Unified Payments Interface is now live for customers with 21 banks launching their apps on the Google Play Store. The NPCI added that RBL Bank and IDBI Bank have been on boarded as issuers which enables their customers to download any UPI enabled-apps mentioned above and link their account. Read it here. - With fresh $24M funding, Zoomcar’s total funding is now over $45M Zoomcar, the self-drive car rental company, has raised $24 million in Series B funding led by Ford Smart Mobility LLC with participation from existing investors Sequoia Capital, Nokia Growth Partners and Empire Angels. Ford, according to Zoomcar, was its first OEM partner in 2013, when Zoomcar launched in India. It is also…
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