Startups rescuing troubled Jet Airways employees; What Binny Bansal's investments tell us

Daily Capsule | 23nd April Hello Who doesn't know Binny Bansal? Co-founder of India’s first ecommerce ‘unicorn’ Flipkart, Binny was instrumental in building India's best-known startup. But that's not all. He also inspired a whole generation of entrepreneurs, and has supported the ecosystem by being a mentor, an inspiration, a successful entrepreneur and an investor. Earlier this year, Binny launched xto10x Technologies with former EKART head Saikiran Krishnamurthy to offer tech tools and a learning platform for startups all over the world looking to scale up rapidly. Binny has invested in 25 startups so far and multiple times in some – a clear reflection of his belief in their solution. In fact, in the January-March 2019 quarter, he emerged as the most active angel investor in the country, with five investments in just three months. [We took a deeper look into his investment patterns, sectors he is interested in, and more to figure out what Binny Bansal’s investments tell us about his strategy.]( Cheers, Team YourStory Stories you shouldn't miss Startups swoop in to offer jobs to Jet Airways employees [With Jet Airways shutting down operations have left 22,000 employees without a job.]( there is a light at the end of the tunnel, with several companies coming forward to hire the Jet staff. And it’s not just other airlines like SpiceJet. Several startups, too, have shown interest in hiring Jet personnel facing sudden unemployment. [Funding alert] Bounce raises $3M debt funding Bengaluru-based scooter-sharing platform[Bounce has raised $3 million debt funding led by InnoVen Capital.]( month, it had raised $4 million in debt funding led by Sachin Bansal. InnoVen has invested a total of $6 million in Bounce. In January, Bounce had raised Rs 50 crore led by Sequoia India, Chiratae Ventures, Accel India, and ON Mauritius. How incubator-turned-medtech company InnAccel is innovating for India’s needs Coeo and Sattva built medtech devices, while InnAccel was an accelerator. But the founders of InnAccel soon realised they could bring the best of networks to a larger entity. Now, [medical innovation company InnAccel, with subsidiaries Coeo Labs and Sattva Medtech,]( is building innovative medical devices to serve the healthcare needs of India and emerging markets. [How incubator-turned-medtech company InnAccel is innovating for India’s needs]( OYO launches curated experiences through OYO Near You Gurugram-based [OYO Hotels and Homes announced the launch of specially curated experiences OYO Near You.]( to both locals and travellers, this will be offering reasonably priced experiences like comedy shows, house parties, and workshops, ranging from wine tastings, movie screenings, and art jamborees with food and beverages at different OYO properties, primarily OYO Townhouse. An all-women Kirloskar factory is bringing more women into the workforce This all-women factory started as an experiment [but has now turned into a model that other companies should be emulating.]( The pump-manufacturing facility is giving women financial stability and bringing in more women into the workforce across the board for the Kirloskars. [How this all-women Kirloskar factory is transforming lives]( India Post and TCS partner to digitally reimagine postal services [TCS has entered into a multi-year agreement with the Department of Posts to digitise India Post’s network](. The company will design and implement core system integration - an integrated ERP solution - for mail operations, finance and accounting, and HR functions. Besides, it will also connect the network of more than 1.5 lakh post offices to make this largest distributed ePostal network in the world. Twitter appoints former Network 18 Digital CEO Manish Maheshwari as India MD [Twitter has appointed former Network 18 Digital CEO Manish Maheshwari as its new MD in India.]( Maya Hari, VP and MD of Twitter Asia Pacific announced the appointment saying that Maheshwari will be leading the “strategy and execution” while accelerating audience and revenue growth in India, which the micro-blogging platform counts among its top markets worldwide. “This is a year of growth for us and we think if we are able to work with Viacom 18, it will strengthen our use case,” says Bhaskar Deo, CEO and Co-Founder, Trillbit Technologies. Trillbit is among the 12 startups invited to VStEP 2.0 Pitch Day - the second edition of the Viacom 18 Startup Engagement Program. As the 12 startups are all set to work with the internal business units at Viacom18 to carve out pilot projects, [read why these startups say that VStEP 2.0 will supercharge their growth.]( From helping Intuvision build a home-grown, affordable and high quality retinal imaging camera by simplifying their development effort, to helping Gaia, a data automation and analytics startup, make its device versatile and disruptive, each of the 39 startups incubated under the Qualcomm Design in India Challenge vouch for the effectiveness of the programme in their product and scaling up journeys. The countdown for the 4th edition of the programme has begun. [Applications close on April 30, 2019.]( -- [Click Here]( to unsubscribe from this newsletter.