Zovi founders raise $50M for new deals discovery startup from Paytm, others
Founders of Bangalore-based private label fashion e-tailer Zovi have raised $50 million (Rs 318 crore) from a group of investors led by One97Communications, which runs mobile commerce venture Paytm, and an unnamed large investor for a separate startup focused on deals discovery.SAIF Partners and Tiger Global Management, who are existing ......
Origa raises $1.1M in funding from 500 Startups, ah! Ventures and others
Mumbai based asset leasing solutions startup Origa Renting Pvt Ltd has raised Rs 7 crore ($1.1 million) from seed fund and accelerator 500 Startups, technology fund ah! Ventures, and a few high profile angel investors.Founded in 2013 by Shrirang Tambe who is also founder of investment banking advisory Ourea Capital ......
Italy’s Enel to buy majority stake in Bharat Light & Power, to invest $56M initially
Renewable energy firm Enel Green Power SpA, a part of Italian power and gas company Enel spA, is venturing into India with a plan to buy a controlling stake in Bharat Light and Power Pvt Ltd (BLP), a clean energy company floated by former CEO of GE India.Enel Green Power ......
Deyor Rooms gets $500K from Redcliffe’s Jain, others
Budget hotel aggregator Deyor Rooms has raised $500,000 (Rs 3.28 crore) in angel funding from Redcliffe Capital’s Dheeraj Jain and other unnamed investors as it sharpens its focus on corporate clients to stand out from the increasing number of startups crowding this space.The startup, which focuses on pilgrimage towns and ......
Online test prep startup Toppr raises $2M from InnoVen
Mumbai-based Haygot Education Pvt Ltd, which runs digital ed-tech startup Toppr.com, has raised $2 million from venture-debt provider InnoVen Capital.The development was first reported by the Mint, citing Zishaan Hayath, co-founder and CEO, Toppr.com. It said that the company will use the funds for making two acquisitions.Hayath did not respond ......
Crowdsourced movie review site Clapsnslaps raises angel funding
SBB Ventures Pvt Ltd, which runs a crowdsourced movie review and online entertainment analytics platform Clapsnslaps.com, has raised Rs 1 crore ($150,000) in its second round of angel investment from a Mumbai-based production house R M Picture Company Pvt. Ltd.The company will use the money to upgrade its technological infrastructure ......
Ride sharing app LiftO raises $130K in angel funding
Mumbai-based Teilen Infoservices Pvt Ltd, which runs and operates people-to-people (P2P) ride-sharing app LiftO, has raised $130,000 (Rs 85 lakh) in angel funding from Tree House Education's Rajesh Bhatia, Temasek's fund manager Dheeraj Mehta and other investors.Amith Aggarwal (co-founder, Star Agri Warehousing and Collateral Management) and OM Logistics' promoters (the ......
Coca-Cola moves Georgia Tea and Coffee business in India to bottling unit
Coca-Cola India Pvt Ltd has moved Georgia Tea and Coffee business to its bottling division Hindustan Coca-Cola Beverages Pvt Ltd (HCCB). The manufacturing and distribution of Georgia will now be handled across the country by HCCB.“With this move, HCCB will expand its product portfolio and now offer both hot and ......
RCOM to buy Sistema’s Indian telecom unit
Anil Ambani-led Reliance Group's telecom firm Reliance Communications Ltd (RCOM) has agreed to acquire the wireless business of Sistema Shyam Teleservices (SSTL), which operates its telecom services under the MTS brand, in a deal that would mark the first consolidation in the telecom sector since 2009, according to a stock ......
Viacom18 brands its video-on-demand platform as VOOT
Viacom 18 Digital Ventures, the digital arm of Viacom18 Media Pvt. Ltd, has named its soon-to-be-launched over-the-top (OTT) platform ‘VOOT’. As per the company, VOOT is an expression used by today’s digital generation to express happiness, enthusiasm and triumph.The brand identity for VOOT has been created by design and brand ......
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