TiE Delhi-NCR News Feed | May 4th 2018

Data leaks from EPFO, Aadhaar details disclosed again – ET Tech
Employees’ Provident Fund Organisation (EPFO) data has been allegedly stolen by hackers earlier last month. A letter ‘Secret’ dated March 23rd addressed to Dinesh Tyagi, CEO of Common Service Centre, was posted on Twitter today morning which claimed that hackers exploited vulnerabilities through​aadhaar.epfoservices.com to steal data.
Walmart to buy 73% of Flipkart for up to $16 bn; Alphabet might put in $3 bn – Factor Daily
Walmart Inc. has decided to go all in on its deal to acquire Flipkart in a deal sealed on Thursday to buy 73% of the Indian ecommerce company in one of the biggest mergers and acquisitions in the country – spending at least $14.6 billion in the cash-and-stock buyout. Flipkart was valued at $20 billion, while two others said Walmart, the world’s largest retailer, had put the target company’s value at as much as $22 billion, a price at which it will spend more than $16 billion.
Google invests in startups to make its Assistant smarter – ET Telecom
To make Google Assistant better, the company has announced a new investment programme for early-stage startups to build an enhanced digital assistant ecosystem. The new initiative will include investment capital from Google to provide additional financial resources for the development, hiring and management of these startups. The startups will get advice from Google engineers, product managers and design experts to share technical guidance and product development feedback.
Bounty hopes for farmers as startups, states join hands – ET Rise
The Union government’s stated mission of doubling farmers’ incomes by 2022 has handed agriculture technology startups a fresh avenue through which to push their businesses. Several agritech startups have now begun collaborating with state authorities to launch services and features focused on reaping revenues for themselves as well as for farmers.
B2B platform, excess2sell, which enables sellers to connect with buyers and liquidate their overstock and excess or ageing inventory in a confidential, anonymous and neutral manner, has successfully raised funds from angel investors. The company will use this funding to enhance technology solutions on the platform, expand footprint and customer base, and widen the reach of its offerings across the country.
Read more on: Business World
Fireside Ventures, the early-stage consumer brand-focused investment firm, has invested Rs 6 crore in Delhi-based consumer technology lifestyle venture Imagine Marketing, which owns and operates audio product maker boAt. This is the first round of equity financing raised by the two-year-old boAt, which makes a range of consumer durable audio products, including, earphones, headphones, stereos, etc.
Read more on: ET Rise

Google offers additional $3 mn grants to support education in India – Business Standard – Google.org the philanthropic arm of tech giant Google today said it has made an additional grant of USD 3 million to two Indian non-profit organisations, taking its total commitment to USD 11.4 million in the country. These grants are part of Google’s global commitment of USD 50 million, is used to help these organisations scale existing initiatives and fund content creation and teacher training through tech-based learning solutions.

Lego, Amazon start platform for interactive building block game – ET Rise – Lego will partner with Amazon for a project that couples the toy maker’s building blocks with the retail giant’s interactive voice program. Children will be able to communicate with Amazon’s virtual assistant Alexa through a storytelling program as they play with their building blocks. The product was launched in the UK and the US on Wednesday, the Danish company said.
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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.