Startup Saturday: Ola Replaces Oyo as 2nd Most Valuable Indian Startup & Binny Bansal Has Got Strong Backing

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1. Oyo is no more the 2nd most valuable Indian startup. Standing at $5.7 billion valuation, ride-hailing platform, Ola has taken over the throne with the fresh funding of $74 million.

2. Binny Bansal is creating ripples and how? By roping in Azim Premji Foundation and a number of Flipkart executives as backers for his VC fund.

3. Indian start-ups are unhappy with Startup India. A recent report has revealed that over 82 per cent of start-ups in the country are yet to receive any benefit under the Centre's Startup India initiative.

4. OLX works to strengthen its online job vertical. The India startup has acquired Aasaanjobs for an undisclosed amount.

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