Paytm To Acquire NightStay & Other Startup News That You Need To Know

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Listed below are some of the major news of the startup sector, take a look to stay updated:

Paytm to acquire booking platform NightStay for around $20 Mn

Digital payments platform Paytm is all set to acquire last-minute hotel booking platform NightStay for around $20 million. With this acquisition, Paytm will also enter the hospitality space. The entire team of NightStay will merge with Paytm.

Paytm has been doing some monumental changes for the past few months to expand its operations and diversify its services. Earlier this month, Paytm announced Rama Subramaniam Gandhi, former deputy governor of the Reserve Bank of India (RBI), as its advisor. Paytm has also made several acquisitions in the past few months.

Nazara buys a stake in CrimzonCode

Mobile gaming startup Nazara Technologies has picked up a minority stake in gaming development studio CrimzonCode, marking its entry into the genre of real money gaming.

Nazara has bought a 27.42% stake in Jatia Education Private Ltd (JEPL), which owns CrimzonCode, for an undisclosed sum, the company has said.

CrimzonCode runs Top Quiz, a quizzing game that allows players to win real money.


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Auto services startup GoBumpr raises $600K in pre-Series A round

Northerly Automotive Solutions Pvt. Ltd, which operates automobile services platform GoBumpr, has raised $600,000 (around Rs 4 crore) in a pre-Series A round of funding from existing investors The Chennai Angels (TCA) and global investor network Keiretsu Forum.

In a statement, GoBumpr said that the individuals who contributed on behalf of TCA included Vinod Kumar Dasari, managing director of Ashok Leyland; Shankar V, director at Acsys Investments; Ramaraj R, the founding member of Elevar Advisors.

Dubai Police ties up with Indian startup for an AI-based solution on ‘predictive policing’

Founded in 2016, Staqu had earlier raised $500,000 from Indian investors and hopes to raise another $3 million to $4million this year in a Series A funding round. It was hand-picked by Dubai Police, apart from another US-based start-up, from amongst 677 applicants from across the world as per Atul Rai, co-founder, and CEO


Today’s Take Away:

Entrepreneurship is a full-time commitment and requires a lot of patience.

On a lighter note, Matt Brezina, co-founder Xobni very rightfully says,

“Starting a company is like getting married and having a kid.”