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India Deals: Snapchat to Acquire Israeli Augmented Reality Startup Cimagine Media and 7 More Updates

SV.CO, the world's first digital incubator for student startups, has signed an agreement with DigitalOcean, making the American company its official cloud partner for its incubation programmes.

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

1. Video streaming platform, Dekkho, has raised $1.2 Mn Seed funding from seven angel investors. Read More

2. Cyanogen, the startup that made a popular custom version of Android, has announced that it is shutting down operations and will stop releasing nightly builds of the software by the end of the year. Read More

3. Hyperlocal logistics startup Shadowfax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. Read More

4. Domestic private equity major, ICICI Venture, is planning to raise a new real estate fund of around Rs 500 crore ($74 million). Read More

5. Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Read More

6. SV.CO, the world's first digital incubator for student startups, has signed an agreement with DigitalOcean, making the American company its official cloud partner for its incubation programmes. Read More

7. NowFloats, a location-based disruptive Mobile technology backed; online and offline discovery platform which helps businesses get discovered, today announced the appointment of Mr. Rajeev Goyal as the company’s Vice President of Growth & Strategic Projects. Also appoints Mr. Mukesh Lohar as their Business Head for India and Asia Emerging Markets; where he would be chiefly responsible for creating and managing business streams for NowFloats. Read More

8. Unocoin, India’s Bitcoin Company announced its association with PayUmoney, one of the avant-garde digital payments solutions providers in India. The partnership enables Unocoin users to buy Bitcoin using PayUmoney Wallet, hence giving them more alternatives than restricting to NEFT/IMPS/RTGS transfers. Read More



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