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Weekly Digest (10th-17th April 2015)

MediaNama would like to thank its sponsors:Paytm, Getit, Practo, Times Internet and E2Efor their support. Investment & M&A - Robosoft raises $12M from Ascent & Kalaari; 99Games & Global Delight to be independent companies - Helion Venture Partners raises $300 mn to invest in early, mid startups in India - InfoEdge’s stake in PolicyBazaar down to 18%, following recent round of funding - Online test prep startup Toppr acquires competitor EasyPrep - Funding roundup: Commeasure, The Porter, CapriCoast and TaskBob - Updated: Ola confirms raising $400M led by DST Global; $100M earmarked for TaxiForSure expansion - PepperTap raises $10 million; to focus on grocery delivery - Carzonrent acquires Ridingo to provide ridesharing services - PolicyBazaar raises $40M from PremjiInvest; focus on PaisaBazaar - Grofers raises $35 million; expansion plans in the pipeline - Services marketplace LocalOye raises $5 million; takes app only approach - ZopNow raises $10 million from Dragoneer and existing investors - Funding roundup: Purple Squirrel, Pricejugaad, Changer Mints and WhatFix - Zomato raises $50 million from InfoEdge and undisclosed investors - Nokia buys Alcatel-Lucent for $16.58B; Looking at sale of HERE business Data - 851M Active Mobile Connections In India in February 2015; BSNL Loses 2.55M Connections Other Updates: - Lukup applies for MSO, ISP licenses; to bundle OTT content with TV and Internet - Foodpanda launches delivery services in 5 cities; plans to expand to 7 more in 6 months - Zero Rating: Slows down innovation, distorts competition & fractures the Internet - Snapdeal appoints Dharmarajan K as customer service head - Google’s new handwriting input app supports 82 languages and emojis - Dual-SIM phones are 3.6 times…

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