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Weekly Digest (19th-26th June 2015)

MediaNama would like to thank its sponsors:Paytm, Getit, Ndtv and E2E for their support. Investment & M&A - 1mg acquires alternate medicine website Homeobuy - Funding roundup: Sigrid, Fracktal Works, BabyChakra and PayMango - Indix raises $15M from Nokia Growth Partners, Nexus and Avalon Ventures - Hero Group’s Munjal family forays into electronics buying majority stake in Mybox - Funding roundup: Goodservice, Vidgyor and Cupick - Belong raises $5M from Matrix Partners, Blume Ventures and others - SEBI chairman UK Sinha approves alternative platform for startups to list on bourses - SAIF Partners and Matrix Partners invest $6 million in Treebo - Simplilearn acquires digital marketing training company Market Motive for $10M - Micromax invests in Ixigo; to build on-demand travel services for Micromax devices - FundsIndia raises $11M from Faering Capital and existing investors - Tracxn raises $10 million to fund startup incubator TracxnLabs - Hello Curry acquires restaurant management platform Fire42 Other Updates: - IMIMobile India & SEA gross profit down 15% to £5M in FY15 - The Wall Street Journal to shut its India edition, downsize India ops - Indian Railways to send cancelled train alerts via SMS - AngelPrime & HackerEarth declare Aadhaar hackathon’s winners - iKaaz’s Mowa Wave POS terminals enable tap-and-pay transactions without NFC - Bharti Enterprises invests in constellation satellite Internet provider OneWeb - Quikr opens up its API for developers to build apps on top of its platform - ErosNow allows WeChat users to listen to music through official channel - Yahoo…

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