INDIA STARTUP ANNOUNCEMENTS #49

Welcome to this 49th post on the Startup Announcements. This is the weekly roundup on funding and acquisition around startups in India.

Some notable funding announcements:

Fintech Startup Veritas Finance Raises $4.5 Mn From Sarva Capital And Others

Some notable Acquisition announcements:

Flipkart acquires UPI-based payments start-up PhonePe

Health tech startup Portea Medical acquires Health Mantra

Some departures/joining/firing:

LocalOye Lays Off Most Of Its Employees; On The Verge Of Shutdown?

I will try to come up with similar list every week, feel free to let me know some worthwhile announcement which i can post here. @koolhead17 ☺

Originally published at atuljha.com on April 6, 2016.