Weekly Roundup with Flexiple

Welcome to the eighth edition of the weekly roundup by Flexiple.

Every week, we bring to you some of the best news related to Future of Work, Freelancing, Start-ups, Technology and any major developments that we as professionals need to know. So, if you have missed any news, here is your chance to catch up on it. You can join the roundup conversation in the comments section and share your thoughts on the news shared below.

Just weeks after raising funds from different investors including Tencent, Swiggy has acqui-hired (a term used to imply acquisition of people or staff instead of the company or product created by them) Bengaluru-based Asian food ordering platform - 48East. The 48East team will now be joining Swiggy’s new supply business line to enable restaurant partners to expand in newer areas of the city for delivery.

Clip - a video-sharing platforms providing content in different Indian languages has raised an undisclosed amount from Matrix Partners India and others. The content startup, which targets the vernacular users will use these funds to hire people and improve its technology platform. Meanwhile,Bangalore-based Teabox that ships premium Indian tea to 112 countries, has raised $7 million from RB investors and its existing investors. The funds will be used to strengthen the company’s back-end infrastructure and support growth in key areas.

With 2017 nearing its end, two major and impending deals will determine the fortunes of the venture capital industry for 2018. The first deal involves Flipkart where Softbank has purchased secondary shares worth $1 billion from Tiger Global to become the single largest shareholder in Flipkart. The second deal revolves around Ola’s close competitor Uber. While, Softbank has been showing interest in Ola by continuously investing in it, the Japanese conglomerate is also planning to claim 14% stake in Uber. The outcome of the deal is expected in a few days.

There is more good news for companies that do not like their communication to be restricted to 280 characters. After doubling the number of characters last month, Twitter has introduced a new feature called Threads that enable users to tell stories, give out messages or share longer thoughts with everyone.

Two of the major companies - Tech Mahindra and Axis Bank have extended their support to the Indian startup ecosystem with their new initiatives called TechM Next and Axis Start-up Social respectively. While, Tech Mahindra plans to partner with 20 to 30 startups from India, Israel, the US, and the UK; Axis bank launched an exclusive networking property to encourage startups to network and share knowledge.

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