Business, News

#Marketwire: Venture Factory to Invest in 5 Healthcare Startups this Year & More

20160518221353-VentureFactoryTeam#Marketwire is a quick round up of notable business movements of the day. This segment features news from Venture Factory, Yahoo and Housing.

Venture Factory has Launched an Accelerator Programme for Healthcare Startups

Bangalore based Venture Factory has launched VF – Healthcare program. As part of this, the firm will fund up to five startups in the space by the end of this year.

“When startups that are incubated by us reach the next level through our selection process, we make a formal investment of $200,000-$500,000. As startups move on after that, we will also look to participate in their follow-on rounds. This will be in the range of $500,000-$2 million,” said Vinay Rao, venture partner, Venture Factory.

VF has entered into strategic partnership with Shashank ND (co-founder of Practo), Deepam Mishra of I2India, Rohit MA (co-founder of Cloudnine Healthcare Facility) and Bhagyashri Dengle (executive director at Plan India) to select startups that may offer solutions to existing problems prevalent in India’s healthcare sector. Read More

Yahoo to Shut Down Old Messenger App on August 5

Older, legacy version of the Yahoo Messenger App rolled out as Yahoo Pager in late 1990s would be shut down by August this year.The move came in a bid to transition to the newer version the company launched six months ago. The company has asked all its users to transition to the new version introduced last year. With several new services rising to the fore, including Google Talk, social networks platforms like Facebook and messenger app Whatsapp, the older version of Yahoo messenger witnessed a decline in user. The company revived its Messenger service by updating its Android and iOS apps last year in December.

The brand new Yahoo messenger was bought in market in December last year with completely new design, and many new features. Read More Launches Privilege Price Card in Real Estate Sector

Online real estate portal has launched ‘Privilege Price Card’ (PPC), which can get user savings ranging from Rs. 1.2 lakh to Rs. 31.5 lakh for ready to move in and under construction properties. Though, this card with a price tag of Rs 9,999 onwards will be valid for a limited period but, in case, a consumer is unable to use the card, gives a refund guarantee too.

The card will be first launched in Pune, for which the company has partnered with more than 10 developers, including B U Bhandari Landmarks, Kumar Properties, Pride Group, Goel Ganga Developments, Mittal Brothers and Kool Homes. Read More

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