10 Highest-Funded Startups in India - The Top Company Has Raised $1.31 Billion From Investors

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1/10
No 10 | Cure. t | Funding worth: $130 million | Business segment: Healthcare (Image:
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2/10
No 9 | GreyOrange | Funding worth: $140 million | Business segment: Robotics (Image:
greyorange.com)
3/10
No 8 | Policy Bazaar | Funding worth: $200 million | Business segment: Online insurance
(Image: policybazaar.com)
4/10
No 7 | Pine Labs | Funding worth: $207 million | Business segment: Fintech (Image:
pinelabs.com)
5/10
No 6 | Udaan | Funding worth: $275 million | Business segment: E-Commerce (Image:
YouTube)
6/10
No 5 | Zomato | Funding worth: $410 million | Business segment: Food delivery (Image:
Wikipedia)
7/10
No 4 | Paytm Mall | Funding worth: $445 million | Business segment: E-commerce (Image:
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8/10
No 3 | Byju's | Funding worth: $540 million | Business segment: Online Education (Image:
byjus.com)
9/10
No 2 | Oyo | Funding worth: $1 billion | Business segment: Budget hotels (Image:
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10/10
No.1 | Swiggy | Funding worth: $ 1.3 billion | Business segment: Food delivery (YouTube)
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Last Updated : Aug 10, 2019 01:23 PM IST | Source: Reuters
Oil rises on European stock draw despite demand

slowdown forecast
Oil prices rose after Euroilstock data showed total crude and product
inventories of 16 European nations in July were slightly lower than in
June.
Reuters (https://api.whatsapp.com/send?
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Brent crude futures gained $1.15, or 2%, to settle at $58.53 a barrel. U.S. West Texas What to do during
oods? Safety guide,
Intermediate (WTI) crude futures rose $1.96, or 3.7%, to settle
10 highest-funded startups in India: The
at $54.50 a barrel.
Oil rises on European stock draw despite emergency helplines
Gold gains as tra
top company has raised $1.31... demand slowdown forecast global
and howmarkets
to help if
"Despite a further cut in oil demand growth by the IEA, oil prices are trading to-do-during- oods-
you're unaffected
safety-guide-
marginally higher, as the demand growth cut was already announced previously by and-how-to-help-if-
youre-unaffected-
the head of the IEA and the agency still expects larger inventory draws for 2H19," 4313661.html)
said UBS analyst Giovanni Staunovo. to-do-during- oods-safety-guide-
The IEA said global oil demand to May from January grew at its slowest since 2008, help-if-youre-unaffected-
4313661.html)
hurt by mounting signs of an economic slowdown and a ramping up of the US China
This is how India's rst underwater Metro
trade war. could look like
is-how-indias- rst-underwater-metro-
RELATED NEWS Oil prices rose after Euroilstock data showed total
Gandhi family skips Pranab Mukherjee’s
Gold gains as trade concerns
crude and product inventories of 16 European nations Bharat Ratna event
weigh on global markets in July were slightly lower than in June. family-skips-pranab-mukherjees-bharat-
(https://www.moneycontrol.com/news/business/commodities/gold-
gains-as-trade-concerns-weigh-
Yet crude oil prices have lost about 20% from 2019
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Pakistan suspends Delhi-Lahore (https://www.moneycontrol.com/news/techn
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suspends-delhi-lahore-bus- about 2%, after markets this week were weighed down
5G technology safe or not? This is what
service-4318761.html) by an unexpected build in US crude stockpiles and on the US communications regulatory body
has to say
Pakistan formally suspends trade fears of slowing demand amid the deepening China-US (https://www.moneycontrol.com/news/trend
ties with India technology-safe-or-not-this-is-what-the-
trade war. us-communications-regulatory-body-has-
to-say-4315041.html)
formally-suspends-trade-ties-
with-india-4318731.html) Despite the weekly decline, hedge funds boosted their
net long US crude futures and options positions in the
week to Aug. 6, the US Commodity Futures Trading Commission (CFTC) said on
Friday.
Russia's energy ministry said the IEA's estimates were largely in line with its own
forecasts and that Moscow had taken into account the possibility of a slowdown in
oil demand when it extended an output reduction deal with the Organization of the
Petroleum Exporting Countries.
Saudi Arabia, de facto leader of OPEC, plans to maintain its crude oil exports below 7
million barrels per day (bpd) in August and September to bring the market back to
balance and help to absorb global oil inventories, a Saudi oil official said on
Wednesday.
"The Saudis appear to be redoubling their efforts to constrain global supplies, in

response to this week's sell-off," said John Kilduff, partner at Again Capital
Management.
However, oil production in Russia rose to 11.32 million bpd on Aug. 1-8, up from
11.15 million bpd on average in July, two industry sources familiar with the energy
ministry data told Reuters.
The level is higher than Moscow's commitment under its production-curbing deal
with OPEC.
https://www.moneycontrol.com/news/business/10-highest-funded-startups-in-india-the-top-company-has-raised-1-31-billion-from-investors-4261911.… 10/21
OPEC, Russia and other producers, an alliance known as OPEC+, agreed in July to
extend their supply cuts until March 2020 to boost oil prices.
US energy firms this week reduced the number of oil rigs operating for a sixth week
in a row, cutting six rigs and bringing the total count down to 764, the lowest since
February 2018, General Electric Co's Baker Hughes energy services firm said on
Friday.
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First Published on Aug 10, 2019 01:14 pm

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Last Updated : Aug 10, 2019 01:19 PM IST | Source: Reuters
Gold gains as trade concerns weigh on global markets

Gold rose above $1,500, its highest in more than six years, en route to
its best week since April 2016.
Reuters
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trade war and weak UK

economic data weighed
TRENDING NEWS
on global markets on
August 9, capping a What to do during
oods? Safety guide,
volatile week that has emergency helplines
and how to help if
pushed gold to its highest to-do-during- oods-
level in six years. emergency-helplines-
and-how-to-help-if-
youre-unaffected-
4313661.html)
Safe havens like the Japanese yen gained after a report that Washington was (https://www.moneycontrol.com/news/
delaying a decision about allowing some trade between US companies and China's to-do-during- oods-safety-guide-
Huawei Technologies Co Ltd again spooked Asian markets. help-if-youre-unaffected-
4313661.html)
The prospect of snap elections in Italy brought down shares across Europe, while This is how India's rst underwater Metro
London's FTSE 100 index and the pound sank after Britain reported its economy could look like
shrank in the second quarter, the first contraction in seven years. is-how-indias- rst-underwater-metro-
"It has been a very volatile week," said Elwin de Groot, Rabobank's head of macro Gandhi family skips Pranab Mukherjee’s
Bharat Ratna event
strategy. (https://www.moneycontrol.com/news/trend
RELATED NEWS
10 highest-funded startups in India: The Oil rises on European stock draw despite
Galaxy Note 10 vs OnePlus 7 Pro: Which
Gold gains as tra
top company has raised $1.31... demand slowdown forecast one's the better agship ? markets
global
(https://www.moneycontrol.com/news/techn
Pakistan suspends Delhi-Lahore "Until recently, the markets' view was that this trade the-better- agship-4314911.html)
bus service
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(https://www.moneycontrol.com/news/india/pakistan- 5G technology safe or not? This is what
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service-4318761.html) has to say
accelerating from here," he said. (https://www.moneycontrol.com/news/trend
technology-safe-or-not-this-is-what-the-
Pakistan formally suspends trade us-communications-regulatory-body-has-
ties with India MSCI's gauge of stocks across the globe shed 0.53%. to-say-4315041.html)
formally-suspends-trade-ties- On Wall Street, the Dow Jones Industrial Average fell
with-india-4318731.html)
90.75 points, or 0.34%, to 26,287.44, the S&P 500 lost
19.42 points, or 0.66%, to 2,918.67 and the Nasdaq
Composite dropped 80.02 points, or 1%, to 7,959.14.
Stock losses accelerated after US President Donald Trump said he was "not ready" to
make a deal with China and that the United States would continue to refrain from
doing business with Huawei.
"Until we get some sort of tangible answers to what the (Trump) administration is
going to do with China, this is going to be an overhang on the market, creating
plenty of sharp swings," said Andre Bakhos, managing director at New Vines Capital
LLC in Bernardsville, New Jersey.
Benchmark 10-year Treasury notes last fell 5/32 in price to yield 1.7326%, down
from 1.715% late on Thursday.
The Japanese currency rose as much as 0.4% against the dollar to 105.70 yen, nearly
an eight-month high.
"The news about Huawei triggered the rise in the yen," said Junichi Ishikawa, senior
foreign exchange strategist at IG Securities. "This is a reminder that the US-China
trade dispute remains a risk, and this risk is not receding."
Gold rose above $1,500, its highest in more than six years, en route to its best week
since April 2016.
"The trade spat is driving the market crazy," said Jigar Trivedi, commodities analyst
at Mumbai-based Anand Rathi Shares & Stock Brokers. "$1,500 (for gold) is now the
new normal unless trade relations take a turn in a right direction."
Bank of America Merrill Lynch noted that a massive $2.3 billion pile into gold funds
over the last week had been the fourth-largest inflow ever.
Expectations of production cuts by the Organization of the Petroleum Exporting

Countries pushed Brent crude up 1.7% to $58.34 per barrel and US West Texas
Intermediate (WTI) up 3.5% to $54.39.

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medium-term-4085721.html) 10-3588981.html) 3951591.html)
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Last Updated : Aug 10, 2019 12:42 PM IST | Source: Moneycontrol.com
Positive divergence in Relative Strength Index suggests

buying REC shares
Daily chart of REC is sowing RSI (14 days) positive divergence and
stochastic too is showing positive momentum ahead.
Moneycontrol Contributor
text=Positive
divergence
in
Relative
Strength
Index
suggests
buying
REC
shares provisions
http://www.moneycontrol.com/news/business/markets/techni
u=http://www.moneycontrol.com/news/business/marke
classroom-
classroom-
classroom-
classroom-
MUST LISTEN
positive-
positive-
positive-
positive-
rsi- rsi- rsi- rsi-
divergence-
divergence-
divergence-
divergence-
in- in- in- in-
rec- rec- rec- rec-
suggests-
suggests-
suggests-
suggests-
buying-
buying-
buying-
buying-
4318441.html)
4318441.html)
4318441.html)
4318441.html)
10 highest-funded startups in India: The Oil rises on European stock draw despite currency war loomsGold gains as tra
(https://www.moneycontrol.com/new
Shabbir Kayyumi currency-war-looms-4317191.html)
RSI stands for Relative

Strength Index. It is a STAY UPDATED
momentous oscillator Subscribe to our Daily Newsletter

used to identify trend Enter Email address Submit
reversal.
Get Daily News on your Browser Enable
If in a downtrend RSI is
REC
making higher highs and
higher lows while the Watchlist Portfolio
TRENDING NEWS
price is making lower Message (//mmb.moneycontrol.com/forum-topics/market-view/rec-
246856.html)
highs and lower lows, it is Set Alert (//investmentwatch.moneycontrol.com/tracker.php?
What to do during
oods? Safety guide,
package_id=1&sc_did=REC02&utm_source=IW_stocklink)
termed as ‘Positive
emergency helplines
and how to help if
Divergence’. Under to-do-during- oods-
NSELIVE
technical analysis, 09 Aug, 2019 15:57 143.10 2.10 (1.49%)
and-how-to-help-if-
youre-unaffected-
positive divergence in RSI Volume 5171049 Todays L/H 141.65 145.30 4313661.html)
is considered bullish to-do-during- oods-safety-guide-
particularly if it is help-if-youre-unaffected-
More
accompanied by other (http://www.moneycontrol.com/india/stockpricequote/ nancetermlendinginstitutions/rec/REC02) 4313661.html)
technical indicators that suggest bullishness. This is how India's rst underwater Metro
could look like
Why buy Rural Electrification Corp is-how-indias- rst-underwater-metro-
(http://www.moneycontrol.com/india/stockpricequote/finance-term-lending-
institutions/rec/REC02) (RECL)? Gandhi family skips Pranab Mukherjee’s
Bharat Ratna event
Daily chart of REC is showing RSI (14 days)
(http://www.moneycontrol.com/elite/profile/shabbir-
positive divergence and stochastic too is showing Galaxy Note 10 vs OnePlus 7 Pro: Which
one's the better agship ?
kayyumi-7831> <img src=) positive momentum ahead. (https://www.moneycontrol.com/news/techn
Shabbir the-better- agship-4314911.html)
Kayyum 5G technology safe or not? This is what

(http://www.moneycontrol.com/elite/profile/shabbir- the US communications regulatory body
has to say
kayyumi-7831.html) (https://www.moneycontrol.com/news/trend
Shabbir Kayyumi technology-safe-or-not-this-is-what-the-
us-communications-regulatory-body-has-
Head of Technical & Derivative to-say-4315041.html)
Research|Narnolia Financial Advisors
Positive divergence in Relative Strength

Index suggests buying REC shares
(https://www.moneycontrol.com/news/business/markets/technical-
classroom-positive-rsi-divergence-in-rec-
suggests-buying-4318441.html)
REC, Adani Green among 4 stocks which

could give 10-20% return
(https://www.moneycontrol.com/news/business/markets/rec-
adani-green-among-4-stocks-which-
could-give-10-20-return-4286861.html)
Technical Classroom: How to use Donchian

Channel for trading
(https://www.moneycontrol.com/news/business/technicals/technical-
classroom-how-to-use-donchian-channel-
for-trading-4254571.html)
Buy Signal
1. Recent swing bottom (128.70) is lower than the previous swing bottom (134.60),
signifies lower bottom formation.
2. Recent RSI swing bottom (35) is higher than the previous bottom (29) shows
higher bottom formation, called as ‘Positive divergence’.
3. Strong bullish candle formation must exist after the recent swing bottom suggests
bullish price action in progress. (Opening Morubozu is showing strength in RECL)
4. Positive bias means bullish candle must close above the bearish trend candle
which is 136.70 in case of RECL.
5. Stochastic %K (41) is greater than %D (31) Justifying upside momentum too.
Profit Booking:-
• Whenever price candle will be near previous swing high which is near Rs 155
levels.
Stop Loss:-
• Entire bullish view negates on breaching of low of swing bottom candle and one
should exit from a long position. In the case of RECL, it is (128.70).
Conclusion
RSI divergence suggests buying RECL around Rs 138 -142 levels with a stop loss of Rs
128 for higher targets of Rs 155 and 170 levels.

The Author is Head - Technical & Derivative Research at Narnolia Financial

Advisors.
Disclaimer: The views and investment tips expressed by investment expert on

moneycontrol.com are his own and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking any
investment decisions.
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Positive divergence in Relative Strength Index suggests

RSI stands for Relative

momentous oscillator Subscribe to our Daily Newsletter

Kayyum 5G technology safe or not? This is what

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REC, Adani Green among 4 stocks which

Technical Classroom: How to use Donchian

The Author is Head - Technical & Derivative Research at Narnolia Financial

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