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India Deals: Early Stage Fund India Quotient to Raise $60M as Part of Third Fund & 7 More Updates

Mumbai-based Fitternity.com is the only Indian startup to be chosen among 800 applicants to represent themselves at the two-year-old Demo Day

Here is a list of deals that happened in India Startup Ecosystem today including funding, merger, acquisition, product launch & appointment etc.

1. Smartphone chipmaker Qualcomm has agreed to buy NXP Semiconductors for about $38 billion in the biggest-ever deal in the semiconductor industry. Read More

2. Early stage fund India Quotient as a part of its third fund, plans to raise $60 million by January/February 2017. Read More

3. Entertainment tech platform TalentNext, which connects actors, screenwriters, choreographers and 43 other related categories to recruiters, has raised a seed round of $1 million in a round led by Karanpal Singh, managing director at KJS Cement Ltd. and other angel investors. Read More

4. Mumbai-based Fitternity.com is the only Indian startup to be chosen among 800 applicants to represent themselves at the two-year-old Demo Day. Read More

5. Canada-based branded cosmetics and skincare products firm FACES COSMETICS Ltd, backed by the India-focused investor Everstone Capital Partners Llc, is looking to raise as much as Rs60-100 crore. Read More

6. The Srei Group, which is engaged in financing infrastructure projects, on Thursday launched a digital platform, iQuippo.com, for online sale and leasing of construction and mining equipment. Read More

7. Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal magicbricks.com. Read More

8. The Reserve Bank today permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. Read More



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