Deals RoundUp: Xcode Life Sciences, RoundGlass Partners, Stellaris Venture, Warburg Pincus, Steller Value Chain, Flickbay, Brand Capital, ExtraCarbon, Petoo, Cloudyn, Pinvest, Didi, SoftBank & Grab
China’s Didi Chuxing and SoftBank Group Corp. are leading a new round of funding in top South-east Asian ride-sharing service Grab that could top $600 million (Rs.40,059 crore), according to people familiar with the development.
Healthcare Startup Xcode Life Sciences Gets Undisclosed Amount of Funding from RoundGlass Partners
Chennai-based Xcode Life Sciences Pvt Ltd has raised an undisclosed amount of funding from US-based venture capital (VC) firm RoundGlass Partners, as per DealStreetAsia report. The deal was closed last week. Some undisclosed institutional investors also participated in the round. This is the third round of external funding raised by healthcare solutions providing company. In 2013, it had raised Rs 1 crore in an angel funding from existing investor Sheag Holdings, a micro- venture capital fund from the US, and an unnamed individual investor.
Prior to that in 2012, Xcode Life Sciences had received $250,000 from Shead Holdings and R. Narayanan (Chennai Angels). The company was incubated at the Vellore Institute of Technology.
Founded in 2010 by Naru Narayanan and Saleem Mohammed, Xcode Life Sciences is a bioinformatics company that provides preventive healthcare solutions through research in life sciences and technology. It offers offline testing to its clients and its services
Infosys Plans to invest up to $15M in Stellaris Venture Partners
Infosys is planning to invest up to $15 million in an Indian venture capital fund — Stellaris Venture Partners — as reported by ET.
Stellaris Venture Partners was launched by a team of venture capitalists, who are aiming for a final corpus of $100 million from both local and global investors.
Infosys will make the investment from its $500-million Innovation Fund — will mark the second such deal by the company in a venture capital fund.
In December 2015, it backed Silicon Valley based early-stage venture capital firm Vertex Ventures.
Warburg Pincus Plans to Invest up to $125M in Logistics Firm Steller Value Chain
Global private equity major, Warbug Pincus has agreed to invest upto $125 million in Stellar Value Chain Solutions, an Indian third party logistics firm, reported DealStreetAsia. Founded by Anshuman Singh, who had set up and led Future Supply Chain Solutions, the company aims to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage. It plans to serve customers in the food and beverages, fast moving consumer goods, consumer durables, electronics and hi-tech, lifestyle, automotive, pharmaceuticals and engineering industries. The Mumbai-based company is expected to be operational in the next few months.
Actor Farhan Akhtar-backed Film Discovery App Flickbay Bags Seed Round
Film discovery app Flickbay, backed by actor and movie director Farhan Akhtar, has raised $890,000 (about Rs 6 crore) in seed funding from Paul Roy, chairman of Dubai-based Riva Digital, as VCCircle reported.
Flickbay, run by Picdot Pte. Ltd, was founded last year by Trishant Sidhwani and Vishal Ramchandani, the platform provides news, trailers, songs, reviews, ratings, box office collections and information about movies playing in theatres and on TV. It claims to have recorded 70,000 downloads since its launch two weeks ago.
BCCL’s Brand Capital Leads $225K Investment in Online Waste Management Startup ExtraCarbon
Gurgaon-based waste management company Greentooth Technologies Pvt. Ltd, which operates the online platform ExtraCarbon, is raising Rs 1.5 crore ($225,000) in a round led by Brand Capital, the ad-for-equity investment arm of Bennett Coleman & Co. Ltd (BCCL), as reported by VCCircle.
The two more investors–an institutional fund and a high net-worth individual (HNI)–are also likely to pump in money in the company.
The company has received a commitment of Rs 50 lakh from one institutional fund and one HNI, but declined to share more information.
Food Tech Startup Petoo Raises $500K from Its Existing Investors and HNIs
Bangalore-based food-tech startup Petoo, owned and operated by Kinematic Foodtech Pvt. Ltd, has raised $500,000 from its existing investors and high-net-worth individuals (HNIs) through online deal-making platform LetsVenture. The startup will use the capital to fund its ongoing food research initiatives and to roll out its new products across the country, Kumar Setu, co-founder of Petoo, told Techcircle.in.
Currently delivering in 11 locations in Bangalore, Petoo plans to enter the wider market through various retail and B2B channels.
Infosys Invests $4M for an Undisclosed Minority Holding in Israeli Startup Cloudyn
Infosys has invested $4 million for an undisclosed minority holding in Israeli startup Cloudyn, the company has informed in a BSE filing. The deal is expected to close on August 15, reported ET.
Founded in 2011, Cloudyn provides software as a service (SaaS) solutions for cloud management and optimization across public, private, and hybrid clouds.
Prior to this investment, Cloudyn had raised a total $16.5 million, including a $11 million investment led by Carmel Ventures and participation from existing investors Titanium Investments and RDSeed in December last year.
Former Housing.com Employee Jeeten Desai Launches Wealth Management Startup Pinvest.com
Ex housing employee Jeeten Desai has launched a wealth management start up Pinvest.com that helps HNIs and Ultra HNIs to invest money in real estate globally.
Pinvest helps investors park their money in assets class including farm land, care units, private equity funds and Islands across markets like UK, USA, Malaysia, France and Canada. "People normally make emotional decisions when it comes to investments in properties. We are getting lot of HNI clients who are now looking to diversify their assets globally," said Desai.
Didi, SoftBank to Lead Over $600M Funding Round for Grab
China’s Didi Chuxing and SoftBank Group Corp. are leading a new round of funding in top South-east Asian ride-sharing service Grab that could top $600 million (Rs.40,059 crore), as reported by LiveMint.
The round could close as early as this week and takes the total amount of funds available to Grab to more than $1 billion. Grab, which operates in 30 cities across six countries, was last valued at $1.5 billion, according to CB Insights.
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