8-year-old Indian dies after falling out of car in UAE

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

Mangaluru, Feb 1: Rotary Club of Mangalore city team represented by Rtn. Dr. Ranjan Rao and Rtn. Sumith Rao duo bagged the 14th Annual prestigious Rotary Quiz Trophy by securing 380 points. The Rotary Club of Vijayanagar Mysore represented by  Rtn. H.M. Harish secured 370 points and was declared runners up.

Rotary Club of Mangaluru central as a part of Rotary movement awareness campaign conducted their 14th Annual “Dist. Level Inter Club Rotary Quiz”  contest on Friday 31.01.2020 at Hotel Ocean Pearl Hall, Mangaluru. The Quiz was based exclusively on Rotary related affairs, matters and issues.

Chamarajnagar City based Eminent Pediatrician and Rotary past Dist. Governor Rtn. Dr.R. Nagarajun  graced the occasion as Chief Guest, in is address he lauded the  invaluable contributions of Dr. Rai to the Rotary Movement and congratulated on his achievements.  Later he awarded the Rotary Glittering Trophy, Certificates and Cash prizes of R.3,000 to the Winners and Runners up and congratulated them on their unique achievements.

13 Teams from Mangaluru, Bykampady, Panamburu, Deralaktte, Puttur, Mysore, participated in this contest. Rtn. Dr. Devdas Rai was the Quiz Master and officiated the closely contested  quiz contest. Asst. Governor Zone-2  Rtn. Geethanand Pai was the guest of honour he released the weekly club news bulletin “Centor”. Club President Rtn. Dr. Jayaprakash Poonja presided over the function. Secretary Rtn. K.M. Hegde presented the monthly report. Rtn. Prakash Chandra proposed the vote of thanks.  The event was sponsored by Chairman and Managing Director of Athena Hospital Rtn. Raviraj Shettiyan and Eminent Chartered Accountant C.A. Nithin Shetty.

Kasaragod, Feb 3: The third novel coronavirus case has been reported in India, with another Keralite student who returned from Wuhan University on Monday testing positive for the infection.

The medical student is in an isolation ward at Kanhangad government hospital in Kasaragod, Health Minister K K Shailaja informed the state assembly.

The condition of the student is "stable", she said.

Out of the 104 samples tested till Sunday, three have tested positive.

This is the third positive case reported from Kerala.

Two earlier positive cases, also of students who came back from Wuhan, the epicentre of the virus, were reported from Thrissur and Alapuzha districts.

The minister made the statement in the assembly under Rule 300 in the wake of three positive cases reported from the state.

A total of 1,999 people, who have a travel history from China and other affected countries, are under observation in Kerala, of whom 75 are in isolation wards of various hospitals.

The remaining 1,924 are under home quarantine as per a medical bulletin issued on Sunday night.

The minister has made it clear that those under observation at home should keep away from public functions and should not participate in any events or go out of their homes during the 28 day incubation period.