Startup Saturday: Ola Replaces Oyo as 2nd Most Valuable Indian Startup & Binny Bansal Has Got Strong Backing Stay tuned to get every day updates in 60 seconds

By Aastha Singal Jan 12, 2019

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1. Oyo is no more the 2^nd most valuable Indian startup. Standing at $5.7 billion valuation, ride-hailing platform, Ola has taken over the throne with the fresh funding of $74 million.

2. Binny Bansal is creating ripples and how? By roping in Azim Premji Foundation and a number of Flipkart executives as backers for his VC fund.

3. Indian start-ups are unhappy with Startup India. A recent report has revealed that over 82 per cent of start-ups in the country are yet to receive any benefit under the Centre's Startup India initiative.

4. OLX works to strengthen its online job vertical. The India startup has acquired Aasaanjobs for an undisclosed amount.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Aastha Singal

Entrepreneur Staff

Former Features Writer

A business journalist looking to find happiness in the world of startups, investments, MSMEs and more. Officially started her career as a news reporter for News World India, Aastha had short stints with NDTV and NewsX. A true optimist seeking to make a difference, she is a comic junkie who'd rather watch a typical Bollywood masala than a Hollywood blockbuster.

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