Abhinav Bindra floats incubation fund for startups Ace shooter Abhinav Bindra has set up an incubation fund for startups in India, reports NextBigWhat. The fund named ‘Shooting Star’ is created in equal partnership with consulting firm Franchise India along with an initial investment of $2 million, added the report. The fund will target startups in domains across emerging sports academies, rehab, tech, equipment and training, health apps, child development, holistic wellness, organic foods and dairy. *** Foodpanda buys Honk Kong assets of Delivery.com Foodpanda has acquired the Hong Kong assets of US-based Delivery.com, reports Livemint. Delivery.com focuses on takeaway food delivery for office workers. The merging of Delivery.com with Foodpanda will help focus the latter in bettering its corporate business. Foodpanda entered the Hong Kong market in 2014, around the same time as Delivery.com launched in the city. It subsequently acquired other local delivery startups such as Koziness and Dial a Dinner. The merger will also help Delivery.com to help focus on its home market in the US. *** Ola to 6,000 CNG cabs in Delhi-NCR Ola said that it would add around 6,000 new Micro, Mini and Prime branded CNG cabs in the Delhi-NCR region by investing Rs 200 crore for the initiative, reports Business Standard. The announcement comes after the Delhi High Court in said in October 2015 that only CNG cabs are allowed to run in the national capital from March 2016. Ola currently claims to have at least 26,000 cabs in the Delhi-NCR region; it also said that…
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