STARTUP-ED-THE HEADLINES

1. New Delhi-based healthcare startup Letsmd.com, lets a person choose the hospital, the doctor and get the price/cost comparisons from 300 of the 500 speciality tertiary-care hospitals in the capital. Letsmd.com also facilitates loans for patients for a duration of 10-24 months at an interest of 6.5-10 per cent.
2. The country’s e-commerce giant Flipkart is reportedly said to be in talks to acquire eBay’s India operations in an all cashless deal. US-based eBay is likely to invest $500 million in Flipkart. This deal would be part of a $1.5-2 billion funding round, out of which Flipkart has already secured $1 billion through Chinese firm Tencent and Microsoft.

3. Netapp has spent more than Rs 1000 crore in Bengaluru facility to launch startup ‘Accelerato’ and is interested in data management startups, says George Kurian, CEO, Netapp.

4. InMobi turned profitable in 2016, making it only the second Indian unicorn and one of the first major internet-based ventures in the country to do so. The company has been profitable every month since June of 2016, and the monthly profit is trending upwards.
5. RedDoorz, an online budget hotel brand and booking platform, has raised an additional $1 million in venture debt from InnoVen Capital, a venture lending firm owned by Singapore’s Temasek Holdings and United Overseas Bank.

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