Govt To host an inter-ministerial meeting to discuss the matter Canada’s pension fund plans to invest $600 Mn in Indian startups Canadian and Australian pension fund invested $250 Mn in NIIF Master FundTo ensure that Indian startups don’t run out of options to raise funding, the Indian government is currently weighing the use of pension funds to invest in new tech businesses.

Mohapatra said that utilising insurance and pension fund to invest in startups seems like an “attractive opportunity” as the funds have huge capital.

Other international governments have used pension funds to invest in startups, which is the example that India is following.

The biggest example of pension based is Canada Pension Plan Investment Boards (CPPIB), which has recently committed to invest over $600 Mn in India through National Investment and Infrastructure Fund (NIIF) Master Fund.

Modi said that the Indian startup ecosystem will help the country achieve its target. | To read full story, visit https://startuparound.com/read/1575802864.994183/Govt-Looks-To-Invest-In-Indian-Startups-Through-Pension-Fund?ref=audio_experience

Real estate became the current trending search among the working employees and students who are away from their hometown.

Lets see what are some of the best Real Estate startups in India and what do they offer?

They provide platforms to various categories such as household goods, cars, mobile phones and also real estate.

Also Read : List of Top Coliving Startups in IndiaNoBrokerNoBroker homepageNoBroker is a Bangalore-based real estate search platform founded by Saurabh Garg, Amit Kumar Agarwal and Akhil Gupta in 2014.

If you know any other Real Estate startups in India, do let us know in the comments. | To read full story, visit https://startuparound.com/read/1575797406.8192828/List-of-Real-Estate-Startups-in-India?ref=audio_experience

-JeremyCapital raises, M&A activity, partnerships, and launchesCanopy Growth unveiled its full lineup of "Cannabis 2.0" products, including vape pens, CBD and THC-infused beverages, and chocolates.

Chicago-based cannabis startup Leaf Trade raised a $4.5 million seed round led by Hyde Park Angels and Duke Software Investments.

Rapper Lil' Wayne is joining his former protegee Drake in hawking cannabis products.

Executive movesFormer Canndescent CFO Tom DiGiovanni is joining Harborside as the company's new CFO.

Holly Hamman is joining cannabis payroll startup Wurk as the company's CMO. | To read full story, visit https://startuparound.com/read/1575796704.8790777/CULTIVATED:-Traders-are-piling-into-bets-against-cannabis-stocks,-and-the-CEO-of-a-lucrative-dispensary-chain-dishes-on-what-he-owes-to-Starbucks?ref=audio_experience

But an overlooked part of people’s vision of transport of the future is the humble bus.

The shuttle has quite compact dimensions: 4.7 meters long, 2 meters wide, 2.5 meters high and a clearance of 200 mm.

Transit Elevated BusChinese engineers, who are prone to futuristic development, created a unique transport.

The battery-powered portal is 22 meters long with a width of 7.8 meters and almost 5 meters high, which is why passengers have a high platform for access to the interior.

The body of an electric bus is made of lightweight reinforced fiberglass, while the chassis and the frame are made of carbon fiber. | To read full story, visit https://startuparound.com/read/1575794904.8447747/High-Tech-Buses-of-the-Future:-5-Unique-High-Tech-Models?ref=audio_experience

Denmark-based shipping giant Maersk’s OceanPro, a startup accelerator that focuses within the shipping and logistics industry, has announced the graduation of its second cohort and the launch of its third cohort.

The 120-day tech accelerator programme, which partners with startups to boost innovation and find tech-driven solutions, was launched in October 2018.

Sriram Narayanasami, Head of Maersk's Global Commercial Process at the OceanPro programme.

Using technology-powered digital solutions, it aggregates large chunks of unorganised shipping data, and makes it easier to access for end-users.

The first cohort, which was launched last year, had eight startups that reportedly saw 50 percent conversion to a production scale solution provider. | To read full story, visit https://startuparound.com/read/1575792006.8946514/Meet-the-four-startups-that-were-part-of-Maersk-OceanPro’s-second-cohort-and-find-out-what-they-do?ref=audio_experience

Sequoia Capital, a Menlo Park, California-based venture capital firm, raised nearly 3.4 billion for two funds investing in later-stage U.S. companies, and venture and growth investments in China.

In the U.S., Sequoia Capital U.S. Growth Fund VIII, L.P. raised $998.5m, with 120 limited partners invested in the fund.

In China, the firm closed $1.7995 billion Sequoia Capital China Growth Fund V, L.P. and $549.5m for Sequoia Capital China Venture Fund VII, L.P.

Led by Doug Leone, Roelof Botha, Michael Moritz, and other partners, the firm is a venture capital firm mainly focused on the technology industry.

The firm manages multiple investment funds including funds specific to India, Israel, and China. | To read full story, visit https://startuparound.com/read/1575791097.8884096/Sequoia-Capital-Secures-Nearly-$3.4-Billion-For-US-and-China-Funds?ref=audio_experience

The panel will also include venture capital association members and startups, DPIIT secretary Guru Prasad Mohapatra told IANS.

With this grievance council, the Indian government wants to facilitate foreign investment into Indian startups.

The panel had also reportedly suggested incentives for startups and new concepts of settling disputes through mediation between taxpayers and a collegium of officers.

It suggested revising the personal income tax slabs, doing away with dividend distribution tax (DDT) and keeping the long-term capital gains (LTCG) tax for businesses.

The panel suggested that all the capital gains should be classified into three categories — financial equity, financial and non-financial. | To read full story, visit https://startuparound.com/read/1575788507.6514463/Govt-Sets-Up-Quarterly-Panel-To-Hear-Out-Investors,-Startups?ref=audio_experience

Fresh Dining Concepts, a Coral Gables, Florida-based Auntie Anne’s franchisee, received an investment from Boathouse Capital.

Boathouse Capital invested participating preferred equity while affiliates of Green Shoot Partners and members of FDC management invested common equity to support the transaction.

Debt financing for the acquisition was provided by Bridge Funding Group, Inc., a subsidiary of BankUnited, N.A.

Led by Luis San Miguel, CEO, and Kevin Bush, newly added Chief Strategy Officer, Fresh Dining Concepts is an Auntie Anne’s franchisee operating over 50 in-line stores, baking kiosks and satellite retail units along the East Coast from New York to Florida.

In addition to its Auntie Anne’s operations, the company also operates several Cinnabon and Carvel stores. | To read full story, visit https://startuparound.com/read/1575787390.953921/Fresh-Dining-Concepts-Receives-Investment-from-Boathouse-Capital?ref=audio_experience

Tesla Co-founder Elon Musk has been cleared of defamation by a jury in Los Angeles over a tweet in which he labeled a British caver “pedo guy”.

Unsworth had sought $190 million in damages from the tech billionaire, arguing that his reputation had been damaged by the tweet.

He insisted during questioning that he was simply reacting to Unsworth's “unprovoked” comments and claimed that “pedo guy” was a term widely used in South Africa, where he grew up.

Musk's attorney Alex Spiro told jurors in his closing argument Friday that the case boiled down to "an argument between two people”, and argued that Unsworth was trying to profit from the row.

“Elon Musk doesn't like that tweet, shareholders don't like the tweet, Elon Musk's mom doesn't like the tweet,” Spiro said while underlining that nowhere was the word pedophile mentioned specifically. | To read full story, visit https://startuparound.com/read/1575784805.9276826/Tesla-Co-founder-Elon-Musk-cleared-of-defamation-over-‘pedo-guy’-tweet?ref=audio_experience

Prime Minister Narendra Modi on Saturday urged scientists to develop low-cost technologies that would cater to India's specific requirements and help fast-track country's growth.

IISER scientists made presentations to the Prime Minister on varied topics, ranging from new materials and devices for clean energy application to agricultural biotechnology and natural resource mapping.

“He urged them to develop low-cost technologies that would cater to India's specific requirements and help in fast-tracking India's growth,” the statement from his office said.

Earlier, Modi visited the IISER, Pune, campus and interacted with the students and researchers.

“On Armed Forces Flag Day we salute the indomitable courage of our forces and their families. | To read full story, visit https://startuparound.com/read/1575783005.6765733/PM-Narendra-Modi-urges-scientists-to-develop-low-cost-technologies-and-fast-track-India’s-growth?ref=audio_experience