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#DealsRoundUp: Maruti Suzuki Plans to Electrify Its Small Cars Over the Next 2 Years, IFC to Invest $23M in Hyderabad's Srinivasa Farms & More

The content platform, POPxo is foraying into selling products ranging from mugs and laptop bags to pouches and tote bags.

Photo Credit : ShutterStock,

Below is a list of deals that happened in Indian Startup Ecosystem today (26th July 2018). Read a brief description about all of them:

1. Big data analytics platform Iqlect has raised a bridge round of $2.5 million (approx ₹17.2 crore) from new investor VentureEast and existing investor Exfinity Ventures. 

2. Digital community for women, POPxo, has announced the launch of its ecommerce platform to sell private label merchandise.

3. Vokal, which aims to be the go-to peer-to-peer knowledge-sharing platform for India’s non-English speaking segment, has raised a $5 million (approx ₹34.5 crore) Series A round led by Chinese investor Shunwei Capital, 500 Startups, with participation from existing investors Accel India and Blume Ventures.

4. Small business loan provider Aye Finance has raised $10 million (₹ 68.7 crore) in debt funding from global impact investment managers Triple Jump BV and MicroVest Funds.

5. American private equity firm TPG has acquired a significant minority stake in Sai Life Sciences, a drug discovery, development and manufacturing service provider.

6. Trell, Bengaluru-based an experience discovery platform through user-generated short videos, raised seed round of $1.25Mn co-led by BEENEXT and  WEH Ventures. Sprout Venture Partners, Google India MD Rajan Anandan, Shaadi.com Founder Anupam Mittal  & other HNIs.

7. Manu Rikhye, former EVP & Managing Director, Encore India, joined GrowX ventures, an early-stage investment firm, as a full-time partner. In his new role, Manu will be involved across all aspects of the fund, with a focus on driving thought leadership for GrowX and business development across the portfolio companies.

8. Coworking startup myHQ has raised a funding of $ 500,000 in a round led by a clutch of angel investors along with Singapore Angel Network, Outbox Ventures, GEMBA Capital and LetsVenture.

9. Maruti Suzuki India has decided to develop electric motors for its small cars - Alto, Wagon R, Celerio and A-Star. 

10. IFC plans to make an equity investment of $23 million (Rs 158 crore) in Hyderabad-based poultry company Srinivasa Farms Pvt. Ltd, to expand its operations. 

11. Noida and Bhubaneshwar-based an online marketplace that connects artisans and bulk buyers, Lal10 has raised an undisclosed amount in a pre-series A funding round from a clutch of investors, reported VCCircle.

12. Pune-headquartered software services company Persistent Systems has invested an undisclosed sum in US-based big data firm Cazena, Inc., as part of a $10 million funding round.

13. Emotion recognition start-up Entropik Technologies Pvt. Ltd has raised $1.1 million from Bharat Innovation Fund and IDFC-Parampara Capital.

14. Mumbai-based specialised debt financing Non-Banking Financial Company (NBFC) BlackSoil Capital has raised $17 million from its existing sponsors in a Series C round. 

15. AyurUniverse, an online aggregator for ayurveda and yoga centres, had raised $1 million (around Rs 6.9 crore) in fresh funding. 

16. MakeMyTrip Ltd has made an undisclosed investment in travel-focused tech startup Bitla Software Pvt. Ltd. 



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