Deal Alert: Aarin, Accel, IDG & Kitven invest Rs.27.5 Cr in biopharma co Theramyt
Aarin Capital, Accel Partners, IDG Ventures as well as Karnataka state government-backed KITVEN have invested INR 27.5 crore in Bangalore-based biopharma company Theramyt Novobiologics. Theramyt is developing therapies for cancer,…
Deal Alert: JustUnfollow acquires app maker behind JustMigrate and 3Crumbs
JustUnfollow, a provider of a Twitter management app, has acquired blog migration tool JustMigrate and social discovery app 3Crumbs, both developed by Borget Solutions. The founders of Borget Solutions will…
Deal Alert: Flipkart tops up 5th round with addl $160-M
E-commerce leader Flipkart received an additional $160 million from new investors Morgan Stanley Investment Management, Dragoneer Investment Group, Sofina and Vulcan Capital as well as existing investor Tiger Global. The…
Deal Alert: Apax buys out outsourced product development firm GlobalLogic for $420-M
Apax Partners has acquired US- and India-based, VC-backed outsourced product development firm GlobalLogic for $420 million (Rs 2,578 crore). Founded in 2001 as IndusLogic, GlobalLogic, founded by Rajul Garg, Sanjay…
Deal Alert: Sequoia to invest Rs.24.7 Cr in process automation software firm Idea Device
Sequoia Capital India has invested $4 million (INR 24.7 crore) in Idea Device, a Bangalore-based process automation startup. Founded by former Oracle executives Saju Pillai and Aaditya Sood in 2009,…
Deal Alert: Hyderabad Angels, VertExperts invest in online personal finance firm IndianMoney.com
Bangalore-based Suvision Holdings Pvt Ltd, which runs financial education company, IndianMoney.com has raised funding from Hyderabad Angels. Pradeep Mittal, former head of Magna infotech’s Indian operations, has joined the company’s…
Deal Alert: Jungle Ventures, Samir Bangara invest in mobile payments firm Pokkt
Mobile advertising platform Pokkt has raised funding from Jungle Ventures and Samir Bangara, the Co-Founder & Managing Director of Qyuki. Pokkt is an alternate mobile payment platform for people wanting…
Deal Alert: Rural utility vehicle maker Evomo raise funds from IIM-A’s CIIE
Ahmedabad based Evomo Research & Advancement Pvt. Ltd, a rural transportation enterprise, has raised funds from IIM Ahmedabad’s Centre for Innovation Incubation & Entrepreneurship (CIIE). The company will use the…
Deal Alert: Godrej Consumer to buy 30% stake in salon chain B:blunt
FMCG firm Godrej Consumer Products Ltd (GCPL) entered the hair salon segment with the acquisition of 30% stake in Mumbai-based premium hair salon chain B:Blunt Hair Dressing Pvt Ltd. B:Blunt…
Deal Alert: Nagpur social travel startup Touristlink joins African accelerator program
Holiday Deals Pvt Ltd, a Nagpur-based firm that runs social travel network Touristlink.com, has joined Kenya-based accelerator 88mph (88mph.ac). The start-up, founded by David Urmann and Jayesh Bagde, has also…