Top Startup news of the day

Round up of the major news that dominated the startup sector, nationally and internationally.

With big brands like Cafe Coffee Day and IndiGo lining up their public offers, the IPO market is set for a four-year record performance this year as close to Rs 6,600 crore has already been raised and plans are afoot for garnering another Rs 20,000 crore. (ET)

More than 10,000 startup firms are being set up everyday in China as part of new reforms initiated by the Chinese government to halt the slide of the economy.

Noida-based Soothe Healthcare, the maker of Paree brand of affordable sanitary napkins, has secured an undisclosed amount in angel funding from the company's advisor, Anil Gupta. 

Online P2P lending marketplace Faircent.com has secured an undisclosed amount in funding from TV Mohandas Pai, the chairman of Manipal Global Education, through Aarin Capital Partners, according to people aware of the development. Pai will join the board of Faircent as advisor, they said. 

Snapdeal-owned mobile transactions platform FreeCharge plans to spend Rs 1,000 crore in the next 10-12 months as the company aims to position its wallet services as a preferential mode of making payments. 

Gridle, a productivity platform for work, has raised a seed round of $100,000 led by Jyotsna Bapat from IIITBangalore through deal making platform LetsVenture. 

Droom, an online marketplace for automobiles, expects its gross merchandise value (GMV) to more than double to Rs 600 crore by the end of this fiscal as it plans on expanding into newer product categories and services.