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Date :30 Jul 2017

IT firm Saksoft to pick up remaining 24% in 360Logica

Chennai-based IT services company Saksoft Ltd will acquire the 24% stake it does not already own in Noida-headquartered software testing services firm 360Logica, which is operated by Threesixty Logica Testing Pvt. Ltd, for Rs 7 crore (around $1 million).

Date :30 Jul 2017

Career Point in talks to acquire ed-tech startup Plancess

he National Stock Exchange-listed tutoring services firm Career Point Ltd is in an advanced stage of discussions to acquire Mumbai-based e-learning platform Plancess, which is operated by Plancess EduSolutions Pvt. Ltd. However, it did not mention the expected deal value. It could also not be ascertained whether Plancess will continue to operate as a separate firm and if its founding team will stay on.

Date :18 Jul 2017

Paytm invests in loyalty programme startup Mobiquest

Fintech start-up Paytm (One97 Communications Ltd) has made an investment in Mobiquest Mobile Technologies, a Noida-based company that lets brands create loyalty programmes. The company did not disclose the quantum of investment. The investment represents a partnership between Mobiquest and Paytm, the country’s biggest digital payments platform which has branched out into e-commerce and services bookings.

Date :17 Jul 2017

Deloitte India to take over BMR Advisors’ tax practice

Professional services firm Deloitte India is set to acquire homegrown rival BMR Advisors’ entire tax practice in one of the largest deals in the segment in recent years.

Date :17 Jul 2017

Increff secures Rs 13 crore

Fashion supply chain solution provider Increff, the brand registered under Next SCM Solutions, has raised $2 million (about Rs 13 crore) in a funding round led by Sequoia Capital. Warehouse automation provider Grey Orange Robotics and a clutch of angels including, Rajesh Ramaiah of Premji Invest, Anshuman Das and Rishi Das, founders of CareerNet, and RedSeer director Jasbir Juneja also participated in the round.

Date :17 Jul 2017

Trade financing company Vayana Network raises $4 million

Trade financing company Vayana Network has raised around $4 million from IDG Ventures India and Jungle Ventures. Pune-based Vayana Network, which recently split from parent company Vayana, was created by a slump purchase of the business from the parent company in May this year.

Date :17 Jul 2017

Ideal Insurance Brokers Raises Funding For Online Platform 121policy

Kolkata-headquartered Ideal Insurance Brokers has raised an undisclosed amount from Xelpmoc at a valuation of $15.54 Mn (INR 100 Cr). The funding is aimed to promote its online platform 121policy.

Date :14 Jul 2017

Restaurant reservation app Eatigo acquires Ressy

TripAdvisor-backed restaurant reservation app Eatigo has entered the Indian market with the acquisition of Ressy, an app that provides last-minute deals and discounts at restaurants. With the acquisition, the Bangkok-headquartered company will start operations in Mumbai and Pune.

Date :14 Jul 2017

Restaurant reservation app Eatigo acquires Ressy, enters India

TripAdvisor-backed restaurant reservation app Eatigo has entered the Indian market with the acquisition of Ressy, an app that provides last-minute deals and discounts at restaurants. Eatigo connects empty tables at restaurants with customers and offers them time-based discounts at its partner outlets. The company has over 2,000 restaurants on its platform across Hong Kong, Singapore, Thailand, the Philippines, and Malaysia.

Date :14 Jul 2017

Realty analytics startup QwikSpec raises pre-Series A funding

Bengaluru-based construction site operations and analytics platform QwikSpec, which is operated by Xlsys Technologies Pvt. Ltd, has raised $540,000 (Rs 3.5 crore) in a pre-Series A round led by Brigade Innovations LLP. The funding round also saw the participation of marquee investors such as former Infosys director TV Mohandas Pai, Asset Builders director Suhail Rahman, Bobby Reddy of Indus Group, and UAE based private investor M George Oommen.

Date :13 Jul 2017

Paytm strengthens online ticketing vertical, buys majority stake in Insider.in

Paytm, run by One 97 Communications Ltd, has acquired a majority stake in Mumbai-based curated events platform Insider.in. The terms of the acquisition remain undisclosed. The acquisition will allow Paytm to integrate events listed on Insider.in on its app, giving a major boost to its online ticketing service. Insider.in is operated by OML (Only Much Louder) Entertainment Pvt. Ltd and s a curated lifestyle platform that gives users access to select events and products.

Date :13 Jul 2017

Uber to merge with Yandex in Russia, five other countries

Yandex, the “Google of Russia”, and Uber have agreed to merge their ride-sharing businesses in Russia and five neighboring markets with Yandex as leading partner. Yandex and Uber said they will join forces in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan to create a new company operating in some 127 cities. As part of the deal, Uber will contribute its UberEATS food delivery business in the six-country region to the new venture. San Francisco-based Uber has agreed to invest $225 million while Yandex has agreed to invest $100 million into a new joint company in which Yandex will own 59.3 percent, Uber hold 36.6 percent and employees having a 4.1 percent stake.

Date :13 Jul 2017

Digital marketing company Langoor puts $300k in TV chat software co Charlie Chatter

Digital marketing company Langoor has invested $300,000 in Charlie Chatter, an Australian television chat software maker. Sydney-based Charlie Chatter has patented a technology that allows users to overlay chat and notifications to different displays, including TVs and handheld devices.

Date :13 Jul 2017

Google acquires Bengaluru-based AI startup Halli Labs

Google has snapped up yet another artificial intelligence (AI) startup. This time, it is Bengaluru-based Halli Labs, which claims to apply AI and machine learning (ML) techniques to old problems and domains. Halli Labs was founded by Pankaj Gupta, who was earlier the CTO at the now-defunct Stayzilla.

Date :13 Jul 2017

PayU India CEO & MD invest $250k in fintech startup Open

PayU India CEO Amrish Rau and managing director Jitendra Gupta have together invested $250,000 in Bengaluru-based fintech startup Open, which is set to offer digital banking, bookkeeping, invoicing and other services to micro-entrepreneurs. The capital will be used for branding and expansion of the 12-member team.

Date :13 Jul 2017

Rajan Anandan, 500 Startups invest in chatbot tool Bottr.me

Chatbot creation tool Bottr.me has raised an undisclosed amount of funding from 500 Startups, Purvi Capital, Google India’s managing director Rajan Anandan, and Abhishek Gupta from TLabs. Chatbots have the potential to replace apps and websites in the near future for one sole reason—they offer user experience in the most rawest and natural form, conversation.

Date :13 Jul 2017

Subscription-based drinks app Foom raises seed funding

Bangalore-based startup for drinks Foom has raised Rs 30 lakh (around $46,000) in seed funding from a Delhi-based investor. Operated by Mangsa Technologies Pvt Ltd, Foom follows a subscription-based model, wherein one can enjoy one free drink every day for 30 days in different participating resto-bars/pubs. The service is currently available in more than 40 resto-bars and pubs in Bengaluru.

Date :12 Jul 2017

Specialty coffee e-tailer Blue Tokai raises fresh capital

Delhi-based specialty coffee e-tailer Blue Tokai Coffee Roasters has raised a bridge round of funding from one of its existing investors. The startup, which is operated by Muhavra Enterprises Pvt. Ltd, raised fresh capital from Snow Leopard Technology Ventures, a venture fund that provides seed capital to the internet and technology businesses in India. The venture capital firm put in Rs 5.42 crore (around $8,39000) in the firm during the transaction.

Date :12 Jul 2017

Smart wheelchair maker Arcatron raises funding from Indian Angel Network

Pune-based smart wheelchair maker Arcatron Mobility Pvt. Ltd has raised an undisclosed amount in funding from Indian Angel Network (IAN). Arcatron will use the funds for launching Frido, its portable wheelchair that can be folded into a suitcase. Besides, the firm will use the funds to set up online and offline sales channels across major cities in India.

Date :12 Jul 2017

Payments firm Innoviti raises $18.6m from SBI-FMO, others

Innoviti Payment Solutions, a payments company backed by Infosys Ltd co-founder N.R. Narayana Murthy’s Catamaran, has raised Rs120 crore in its latest round of funding from SBI-FMO and Bessemer Venture Partners, to boost its businesses across the retail supply chain. Innoviti, a payments technology firm, helps merchants accept payments across channels such as the web, mobile, in-store or at the time of delivery. It also operates smelending.com, a platform that helps small merchants get short-term loans to manage their cash flows.

Date :12 Jul 2017

On-demand driver provider DriveU buys rival Zuver in third acquisition

Bangalore-based DriveU, which connects chauffeurs with private car owners over a mobile marketplace, has acquired rival Zuver in an all-equity deal. Zuver’s founders, Sovin Hegde and Sidhanth Mally, will join DriveU to focus on driver aggregation for the car rental/lease and service station verticals. The acquisitions have strengthened DriveU’s geographical reach and the company now operates in six metros, Bengaluru, Mumbai, Chennai, Delhi NCR, Pune and Hyderabad.

Date :12 Jul 2017

Camlin Fine Sciences buys 51% stake in Chinese chemical firm

Specialty chemicals maker Camlin Fine Sciences Ltd has acquired a 51% stake in Chinese chemical firm Ningbo Wanglong Flavors and Fragrances Company Ltd for $6.28 million (around Rs 40.5 crore) in cash. Camlin bought the stake along with its Italian unit CFS Europe SpA

Date :12 Jul 2017

Google acqui-hires four-month-old AI startup Halli Labs

Global search giant Google, owned by Alphabet Inc, has acqui-hired Bangalore-based artificial intelligence (AI) venture Halli Labs. Halli Labs announced, both on its website and blog site Medium, that “its team was joining Google.” It didn’t divulge further details. Neither did it disclose the deal value.

Date :12 Jul 2017

Logistics Startup VDeliver Raises Pre-Series A Funding From Corvus Ventures, Others

Hyderabad-based logistics company VDeliver has raised an undisclosed amount in a Pre-Series A funding round led by Corvus Ventures and Mumbai-based MAPE Advisory Group. Sify Technologies co-founder R. Ramaraj and Managing Director of Microsoft India (R&D) Pvt. Ltd Anil Bhansali also participated in this round. The investment will be used to develop new products and services as well as to strengthen the company’s existing portfolio.

Date :11 Jul 2017

Entertainment tech firm Flickstreet raises $464k led by Venture Catalysts

Video content discovery platform Flickstree has raised Rs 3 crore (around $464,000) in a seed round of funding led by Venture Catalysts. Former Indian cricketer Sourav Ganguly, Aditya Group’s Anirban Aditya and Ankit Aditya, and Moksh Sports Ventures also participated in the round. The platform compiles free-to-watch online videos from social networks, media sites, and blogs and then creates a custom user video feed.

Date :10 Jul 2017

Good Methods Global acqui-hires Save Your Money

Fintech startup Save Your Money (SYM) has been acqui-hired by healthcare technology company Good Methods Global (GMG). The acquisition is aimed to utilise the team’s expertise to facilitate growth and innovation.

Date :10 Jul 2017

Interior design platform Design Café secures funds from Fireside Ventures

Bangalore-based GS E-Commerce Pvt Ltd, which owns and runs online interior design platform Design Café, has raised an undisclosed amount of funding from early-stage investment firm Fireside Ventures, micro venture capital fund Sprout Capital, founder of the Salarpuria group of companies Apurva Salarpuria and angel investor Siddharth Pansari.

Date :10 Jul 2017

Mitsui infuses Rs 20 cr in automotive technology startup Smart Auto Systems

Mitsui & Co, which is part of Japanese conglomerate Mitsui Group, has invested about Rs 20 crore in Hyderabad-based automotive technology startup Smart Auto Systems in a Series-A round.

Date :07 Jul 2017

Fintech startup Upwardly gets seed funding from banking veterans

Financial services startup Upwardly has raised a seed round of funding from a from Sreeram Iyer, chief operating officer at ANZ Bank, Suvo Sarkar, senior executive vice president and group head of retail banking and wealth management at Emirates NBD, and Anita Gupta, head of equity strategy at Emirates NBD and Likemind Ventures.

Date :07 Jul 2017

Sino-Indian marketing analytics startup ZanDeal raises seed funding

ZanDeal, a stealth-mode Sino-Indian online marketing analytics startup, has raised $150,000 (around Rs 96 lakh) from US-based investor Sean Chan. The company will use the capital to develop its tech and for marketing initiatives so that it can accelerate the process to launch its services by the end of July.

Date :07 Jul 2017

Navigant Technologies Acquires Delhi-based Quick Call

Navigant Technologies has acquired New Delhi-based specialized outsourcing firm Quick Call for an undisclosed amount. This is Navigant Technologies’ first acquisition since its inception 2003. Established in 2012 by Neeraj Tyagi, Quick Call is a startup that handles business research, development campaigns and customer support for niche companies across different sectors. Navigant Technologies is a Gurgaon-based specialist outsourcing firm. The company expertise is in BPO and KPO services, customer management as well as research and analytics.

Date :07 Jul 2017

Clip App raises seed funding

Clip App, a digital media video startup, has raised $1 million in seed funding from India Quotient and China-based investment firm Shunwei Capital. Clip App was launched in March. It claims to have drawn one lakh users in three months. The app will focus on increasing its user base over the next quarter.

Date :07 Jul 2017

Epigamia raises Rs 90 crore from Anheuser-Busch In-Bev founders

Verlinvest, the Belgium-based investment holding company created by the founding families of Anheuser-Busch In-Bev, has led a fresh Rs 90 crore funding round in premium Greek yogurt maker Epigamia, a year after initially investing in the Mumbai-based company. Deepak Shahdadpuri-led investment firm DSG Consumer Partners and venture debt provider InnoVen Capital also participated in the latest round

Date :06 Jul 2017

Moglix gets Rs 80 crore from IFC, Rocketship.vc and others

Ratan Tata-backed online plat form Moglix has raised $12 million (approximately Rs 80.3 crore) in a series-B round of funding which saw participation from World Bank s in vestment arm, International Finance Corporation (IFC) and Rocketship.vc, a San Fran cisco-based venture fund co-founded by Venkat Harinaray an of Junglee Corp.

Date :06 Jul 2017

Blume Ventures, others back cloud startup Minjar

Bengaluru- and US-based Minjar Cloud Solutions Pvt. Ltd that operates a cloud computing platform has raised an undisclosed amount in its pre-Series A funding round led by Blume Ventures

Date :06 Jul 2017

BCCL invests in home services startup Timesaverz

Mumbai-based Timesaverz Dotcom Pvt. Ltd, which runs an online marketplace for home services, has raised $1 million (Rs 6.5 crore) from media conglomerate Bennett, Coleman and Co. Ltd (BCCL)

Date :06 Jul 2017

Re-commerce startup Cashify raises Series A round from Chinese VC, others

Cashify (formerly known as ReGlobe), which runs an online platform to sell used gadgets, has raised a Series A round from new and existing investors

Date :06 Jul 2017

Jumbotail gets Rs 55 crore from Nexus, Kalaari

Online wholesale marketplace for food and grocery Jumbotail has raised $8.5 million (around Rs 55.12 crore) as series-A funds from Kalaari Capital and Nexus Venture Partners. Nexus Venture Partners had earlier invested $2 million (around Rs 13 crore) in the company.

Date :06 Jul 2017

Moglix gets Rs 80 crore from IFC, Rocketship.vc and others

atan Tata-backed online plat form Moglix has raised $12 million (approximately Rs 80.3 crore) in a series-B round of funding which saw participation from World Bank s in vestment arm, International Finance Corporation (IFC) and Rocketship.vc, a San Fran cisco-based venture fund co-founded by Venkat Harinaray an of Junglee Corp.

Date :05 Jul 2017

Automobiles portal Droom raises $20 mn in Series C funding

Online marketplace for automobiles Droom Technology Pvt. Ltd has raised $20 million in a Series C round led by Integrated Asset Management (Asia) Ltd and Digital Garage Inc. Existing investors Lightbox India Advisors Pvt. Ltd and Beenos Asia Pte. Ltd, as well as institutional investors and family offices from China, Hong Kong and Taiwan have also participated in this round.

Date :04 Jul 2017

Singapore fintech startup Instarem raises $13 mn to expand payment infra, Mumbai ops

Instarem, a Singapore-headquartered cross-border payments company founded by Indian-origin entrepreneur Prajit Nanu, has raised $13 million in a Series B funding round led by Chinese venture capital firm GSR Ventures.. SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital (GFC).

Date :04 Jul 2017

Ecolibrium Energy raises $2.6 mn from Infuse Ventures, JLL

Energy management solutions provider Ecolibrium Energy Pvt. Ltd has raised $2.6 million (Rs 18 crore) led by early-stage investor and incubation fund Infuse Ventures, real estate consultancy JLL and an angel investor.

Date :04 Jul 2017

Second-hand goods seller Refabd raises seed funding

Bangalore-based VSRD Online Solutions Pvt. Ltd, which runs pre-used home appliances and furniture seller Refabd, has raised Rs 60 lakh ($92,500) in seed funding from Athamus Venture

Date :04 Jul 2017

Edtech startup Byju’s buys Pearson’s TutorVista, Edurite in global expansion push

Education technology start-up Byju’s (Think and Learn Pvt. Ltd) has acquired global education company Pearson Plc.’s TutorVista and Edurite for an undisclosed amount, in a move aimed at expanding global reach as well as offerings for students.

Date :04 Jul 2017

BookMyShow acquires food-tech platform Burrp for just Rs 6.7 lakh

Online movie and event ticketing platform BookMyShow has acquired struggling Mumbai-based local food and restaurant recommendation engine Burrp from Network18 in an all-cash deal. Concluded as a slump sale, the deal was finalised at a meagre Rs 6.7 lakh, two months after the board of Network18 gave an in-principle approval to sell Burrp on the back of its paltry revenue contribution to its parent.

Date :03 Jul 2017

Reliance Capital arm invests $1 mn in P2P lending platform Billionloans

Billionloans Financial Services Pvt. Ltd, a Bengaluru-based fintech startup that operates a peer-to-peer (P2P) lending platform, has raised $1 million (around Rs 7 crore) in seed funding from Reliance Corporate Advisory Services Ltd, a wholly owned subsidiary of Reliance Capital Ltd.

Date :03 Jul 2017

UrbanClap raises $21m Series C to fund expansion plans

Home services start-up firm UrbanClap on Sunday said it has raised $21 million in a Series C funding round led by Internet investment fund Vy Capital. Early investors SAIF Partners, Accel Partners and Series B investor Bessemer Venture Partners also participated in the round.

Date :03 Jul 2017

Datamatics to acquire controlling stake in app development firm TechJini

Mumbai-based software firm Datamatics Global Services Ltd has entered into a definitive agreement to acquire a controlling stake in mobile and web application development company Techjini Solutions Pvt. Ltd. Datamatics will acquire 71.1% stake in TechJini for $6 million (Rs 39.1 crore) in an all-cash deal before the end of the month. It has already acquired board control of TechJini.

Date :03 Jul 2017

ICEX, NMCE to merge to create third-largest commodity exchange

Ahmedabad-based National Multi Commodity Exchange (NMCE) will merge with Indian Commodity Exchange (ICEX)—which counts Anil Ambani-led Reliance Capital Ltd as its largest shareholder—to create the country’s third-largest commodity exchange. The merger, which is subject to regulatory approval, is expected to be completed by December 201.


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