Snapdeal narrows losses; DIYBlockchain wins $2.5M investment

Mid-day Digest - 16th July [Snapdeal narrows losses by 71 pc in FY19]( Snapdeal claimed that it achieved a significant milestone by achieving cash break-even in the month of June 2018, and made the highest-ever net revenue in its history in October 2018. [Read more.]( [DIYBlockchain wins $2.5M investment from Bitcoin Man Herbert R Sim]( BaaS startup DIYBlockchain’s product, DIYNucleo, will address the challenges that the nascent technology is creating for developers, the demand for skilled resources, and the increasing rate at which companies are adopting blockchain. [Read more.]( [Akiva Superfoods raises $2M in Series A led by Alkemi, others]( Alkemi Venture Partners, a Delhi-based VC focused on healthcare and consumer products, led this round of funding with participation from existing angel investors. [Read more.]( [Online pharmacy Netmeds raises Rs 6.19 Cr from its parent entity]( Chennai-based healthcare ecommerce portal Netmeds has recently raised Rs 6.19 crore from its parent entity Tresara Health Pvt Ltd, according to RoC filings accessed by YourStory. [Read more.]( [Water purifier startup Aquivo raises Pre Series A round]( Varanasi-based startup Aquvio on Monday announced that it has raised an undisclosed amount as part of its pre-Series A round from the Technology Development Board, Government of India, along with two other angel investors. [Read more.]( Anuhya Abhiram, a student at BVRIT Hyderabad College of Engineering for Women, recently participated in a hackathon, where she leveraged IBM Watson tools to detect the level of malaria infection in a patient by studying the structure and shape of skin cells. Malaria remains one of the world’s biggest killer diseases and nearly half the population is at risk. [Read more.]( #BuildSmartIndia Follow us on social media for more frequent updates [Facebook]( [Twitter]( [Instagram]( [Linkedin]( -- [Click Here]( to unsubscribe from this newsletter.