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NAMA Digest: Developments at Reliance, Grofers, Ola, Flipkart and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Funding Digital risk management and cybersecurity platform CloudSEK has raised Rs 3.5 crore from IDFC Parampara, per a company statement. Grofers has raised $60 million from Softbank Vision Fund, marking its valuation at $425 million, per the Economic Times. Developments in the digital ecosystem Investment bank Wolet Capital Corp (specialising in US-India cross-border deals) has sued Flipkart and Walmart Inc alleging that they failed to pay for advisory services related to the acquisition of Upstream Commerce, reports the Economic Times.  Karix Mobile has partnered with WhatsApp to offer WhatsApp Business APIs to its customers. For customers in India, Karix will offer two deployment models - Managed Cloud and On-Premise. For global customers, the API will be available through Karix.io, its cloud communication PaaS. Reliance Industries is in advanced talks to buy a majority stake in Mumbai-based hyper-local logistics startup Grab a Grub services, reports the Economic Times. Grab has been talking to buyers for the last 6-7 months. 42,890 villages are yet to be covered with basic telephony services, reported the Economic Times, citing a DoT official. Of the 62,000 unconnected villages in 2014, only a third were able to go up on the telecom connectivity index. This is because the programs run by ailing state-owned BSNL are nonstarters. Ola has appointed Andrew Balint as its chief marketing officer for Australia and New Zealand, per B&T. Axilor Ventures chairman Kris Balakrishnan said there was an…

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