Beauty services marketplace StayGlad gets Series A funding
StayGlad, a mobile marketplace for on-demand beauty services, has raised an undisclosed amount in Series A funding from Silicon Valley-based VC firm Bessemer Venture Partners.Anil Chopra, former CEO of Lakme Lever, also invested in this round, StayGlad said in a press statement.The startup, run by Bengaluru-based Glow Prime Technologies Pvt ......
Fresh veg supplier Lawrencedale nears Series A funding round
Ooty-based Lawrencedale Agro Processing India Pvt Ltd, which supplies farm fresh vegetables to organised retailers in south India under the brand ‘Leaf’, is in advanced talks with a new impact investment fund for a Series A round of funding. This could be the fund’s debut investment in an Indian company. ......
Grofers raises $120M from SoftBank, Tiger Global and others
Locodel Solutions Pvt Ltd, which runs hyperlocal grocery and fresh food delivery platform Grofers, has raised $120 million (Rs 780 crore) in fresh funding led by Japanese internet conglomerate SoftBank Corp.Existing investors Apoletto Managers, Tiger Global Management and Sequoia Capital also participated in this round of funding. Apoletto is the ......
Portea Medical buys Medybiz Pharma in cash and stock
Home healthcare services provider Portea Medical said on Monday it has acquired specialty pharmaceutical distributor Medybiz Pharma Pvt Ltd in a cash-and-stock deal.Portea, led by serial entrepreneurs K Ganesh and Meena Ganesh, didn’t disclose the value of the transaction.VCCircle first reported last month that Portea, run by Health Vista Pvt ......
Yet-to-launch lending platform EarlySalary.com gets $1.5M
EarlySalary.com, a yet-to-be-launched online lending platform, has raised $1.5 million (Rs 9.9 crore) in seed capital from Transcorp Group's Ashok Agarwal.The fin-tech startup would use the money to build a mobile app that would map borrowers using a new credit scoring system, it said in a statement. It plans to ......
Infoworks raises $5M in Series A funding from Nexus, others
Amar Arsikere, CEO, InfoworksSan Jose-headquartered Infoworks.io Inc, an automated big data management startup with engineering operations in Bangalore, has secured $5 million in Series A financing from Nexus Venture Partners, Knoll Ventures and other investors.The money raised will be used by Infoworks to expand its management team, as per a ......
Zomato invests in Pickingo, Grab; partners Delhivery
Restaurant listings and review firm Zomato Media Pvt Ltd, which operates through zomato.com, has invested in hyperlocal delivery startups Pickingo and Grab while partnering with e-commerce logistics firm Delhivery.With these arrangements, Zomato will now enable home delivery of food from restaurants and eateries that don’t offer such services otherwise, as ......
Quikr-CommonFloor buyout talks enter final phase
Online classifieds listing firm Quikr India Pvt Ltd is inching closer to acquiring realty portal CommonFloor.com, according to a person familiar with the ongoing negotiations.If consummated, the deal would mean the end of independent ambitions for CommonFloor, which is incorporated as maxHeap Technologies and has raised $57 million in seven ......
Naaptol raises $52M more from Mitsui
Naaptol Online Shopping Pvt Ltd, which runs TV shopping and e-commerce platforms, said on Tuesday it has raised Rs 343 crore ($51.7 million) in a new round of equity funding from existing investor Mitsui & Co.The deal increases the Japanese conglomerate’s stake in the Indian company to almost 20 per ......
Seed company Advanta to merge with parent agro-chemicals maker UPL
Agrochemical major UPL Ltd today announced merger of the group's seed firm Advanta with itself as part of its strategy to provide all agri-solutions through one single entity and enhance shareholder value.Post merger, UPL's geographical reach would expand and result in cost savings of Rs 90 crore annually.The Mumbai-based UPL, ......
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