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3 Indian Startups, News in Shorts, ZoomCar, Lendingkart, Have Raised New Funding

The Skimm of India ‘News in Shorts’ has raised US$20 million in series B funding from Tiger Global. News in Shorts provide news snippet via an app. The Skimm, a US based emailed newsletter service providing startup, also offers the similar service and help people to skim news and save time. News in Shorts received US$4 million earlier this year from same investor.

ZipCar of India ZoomCar has raised US$11 million from Sequoia Capital, Empire Angels, and Nokia Growth Partners (NGP). ZoomCar provided self drive car rental service in India. The startup takes care of oil to insurance to road side assistance.

Indian fintech startup Lendingkart has raised a Series A of $10 million. The investors include: Saama Capital, Mayfield Fund, Shailesh Mehta, and Ashvin Chadha. Lendingkart, a clone of LendingClub, offers platform for small businesses loans that allows businesses to apply for loans online, bypassing banks and other traditional finance institutions.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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