Javascript on your browser is not enabled.

Advertisement

Deals RoundUp: Kickstart Jobs, Rakuten, Freshee, Intel Capital, BookMyShow, UTOO, Truecaller, Uber, ePayLater, TVS Automobile, Lacoste & Unicorn India Ventures

Intel Capital, venture capital arm of Intel Corp, has exited its investment in IntraSoft Technologies Ltd, the Indian operator of US-focused e-gifting venture 123Greetings.com.

Kickstart Jobs Raises Undisclosed Amount from ah! Ventures

Kickstart Jobs, a Gurgaon-based entry-level talent acquisition startup, has raised an undisclosed amount of seed funding from ah! Ventures.

“The investment also saw participation from Vivek Joshi, founder of Wysen Tech; Mohit Satyanand, chairman of Team Works Art; Amit Banati, president of Kellogg’s (Asia Pacific); Arun Khanna, president of Dun (Asia), Bradstreet including some unnamed investors,” Harshad Lahoti, founder and CEO of ah! Ventures told DEALSTREETASIA.

Founded in 2015 by IIT- XLRI alumni Samriddhi Malhotra and Abhishek Srivastava, Kiskstart Jobs focuses on blue and grey collared workforce. The startup currently provides its services in Delhi NCR region and employs around 10 people.

Sachin Dalal, Founder Infibeam, to Head Rakuten in India

Sachin Dalal, co-founder of BSE­listed ecommerce firm Infibeam, will spearhead Japanese ecommerce giant Rakuten ‘s thrust into Indian shores, two people familiar with the situation told ET. The two sources said Dalal joined Rakuten earlier this month and will be putting together a team in India that is expected to compete with Amazon and Flipkart. A few months before that, Rakuten had bought the Viber internet messaging and calling service for $900 million.

Freshee Raises Funds From Edelweiss Private Equity

Freshee, FMCG brand, has raised funds from Edelweiss Private Equity, the venture capital and private equity arm of Edelweiss Financial Services. The amount has not been disclosed.

Freshee markets products in consumer food packaging, and is already one of the fastest growing brands in the aluminium foil and container business in India.

The funds will be used by Freshee in growing its personal hygiene products like tissue and kitchen products like baking paper, which it plans to launch soon. It is present across more than 40,000 retail outlets covering 17 states in India. The company also exports its products to more than ten countries.

Intel Capital exits IntraSoft

Intel Capital, venture capital arm of Intel Corp, has exited its investment in IntraSoft Technologies Ltd, the Indian operator of US-focused e-gifting venture 123Greetings.com. It sold its remaining 5.3 per cent stake in the public listed firm on Friday for Rs 29.2 crore ($4.4 million).

Last month, Intel Capital has part-exited its investment in IntraSoft, by selling its 5.09 per cent stake in the company. In that latest transaction, Intel Capital, has sold the stake for Rs 28 crore at profit. It marked the first exit by Intel Capital in 2016.

BookMyShow To Raise $75M

Bigtree Entertainment Pvt. Ltd, which owns online entertainment ticketing platform BookMyShow.com (BMS), is in advanced talks to raise around $75 million (around Rs.500 crore) in its largest round of fund-raising yet, according to two people aware of the development.

The company is in talks with US-based growth equity fund Stripes Group which will lead the round, likely infusing up to $50 million, said one of the two people mentioned above, speaking on condition of anonymity as he is not authorized to speak to the media.

C Sivasankaran To Enter India's Crowded Taxi Space with UTOO

C Sivasankaran, a Chennai-born transnational businessman known for building a large empire of diverse businesses, will soon be driving into the crowded app-based taxi aggregation market with the launch of UTOO Cabs.

The national launch of UTOO Cabs, slated for Thursday from Chennai, comes at a time Bengaluru-based Ola and its American competitor Uber in the country are locked in an intense pricing battle, pushing cabs at Rs 6 a km.

Arun Sarin Will Join Truecaller Advisory Board

The ex-boss of telecom giant Vodafone Arun Sarin will join Truecaller advisory board followed by a capital investment in the company, said a statement from Truecaller.

With his global experience and network, Sarin will be focusing on supporting and providing required strategic direction at a time when the industry is going through a massive transformation.

Over the last few years, Truecaller have grown at an exponential rate both in terms of business and user base and received funding from companies like Sequoia Capital, Atomico, and KPCB.

Uber Ties Up With Spotify-like Indian Streaming App Gaana

Uber rides in Mumbai are about to get a lot more entertaining. Passengers can now listen to songs on the Spotify-like Indian music streaming app Gaana by connecting their phones to the cab's speakers during their Uber trips in the city.

The pilot project is being launched in Mumbai and may be extended to other Indian cities in the future. It is along the lines of Uber's tie-up with Spotify in the US, but unlike that partnership there will be no app integration between Uber and Gaana.

Financial Technology Startup ePayLater Gets $2M

Financial-technology startup Epaylater.in, which is operated by Mumbai-based Arthashastra Fintech Pvt. Ltd, has secured $2 million in a seed round of funding from three high-net-worth individuals.

“The investors are leading personalities of the global financial industry and have invested in other fin-tech startups,” said Akshat Saxena, co-founder of ePaylater told VCCircle.

The firm has also got further commitment from these investors. It will use the funds for product development and marketing.

TVS Automobile Invests Rs 75 Cr in Three Startups

TVS Automobile Solutions Limited, an aftermarket player and part of TVS Group, has made around Rs 75 crore investments in three startups (eCommerce, Big Data / Analytics & CRM and Internet of Things) to form a startup ecosystem for its digital initiatives. TVS ASL made investments in Jazzmyride.com, Autosense and Redsun.

French Lifestyle Brand Lacoste to Open its Online Store in India

French lifestyle brand Lacoste has floated its own online store in India, the fifth market in the Asia Pacific region after Korea, Japan, China and Australia. The company will sell the entire portfolio online which includes apparel, accessories, footwear, leather goods and perfume. The company plans to expand its reach to a wider consumer base in tier one and two cities where it is physically not present.

Unicorn India Ventures to Invest in 2 Companies by Next Month

Unicorn India Ventures will invest in two companies by July through its maiden fund Unicorn Venture Fund – I, an early stage investment fund. “We are on final stage to invest in a consumer internet and a medical diagnostic company based out of Mumbai and Delhi,” Anil Joshi, founder and managing partner of Unicorn India Ventures told DEALSTREETASIA. The firm is also in the process of closing its first fund of around $15 million. Soon after closing the round, it will invest in these two companies in the range of Rs 1 crore-5 crore.



Around The World

Advertisement