India Dealbook: Updates from ShareChat, Truebil, Drivezy, POWERED Accelerator

Early-stage investment firm India Quotient is reportedly selling a part of its shareholding in vernacular social network ShareChat. In the startups funding space, Truebil has raised an additional $2 million while Drivezy is in talks to raise a $20-million round. Separately, POWERED Accelerator on Wednesday announced a seed funding of $10,000 for six of the shortlisted startups from its first cohort of 10 startups.