Here is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. Bengaluru-based in-video discovery platform Tagos Design Innovations Pvt. Ltd has raised $5 million in Series A funding from a leading venture capital fund and two large global corporations. The latest funding will be utilised for growth, product innovation, enhance user community, and team expansion.
Founded in 2014 by GBS Bindra, Sushant Panda and Tripat Preet Singh, Tagos Design’s flagship product Charmboard is an in-video discovery platform that makes videos respond to a user’s touch and allows the user to discover more from the video.
2. Swedish fast-fashion brand Hennes & Mauritz (H&M) will start selling online in India next year. “India will be a new H&M online market in 2018,“ the company said in its six-month report. The move comes a few months after global rival Zara announced its intention of going online in the country. H&M plans to start online operations next year in some other markets as well. However, the names of those countries aren't known yet. H&M, whose performance in India has been remarkable in the apparel retail market, turned profitable within its first six months of operations here.
3. Bangalore-based Healthkart’s online drug search business 1mg Technologies Pvt. Ltd., is close to finalising a $10-million equity financing round, which is being led by its existing investors that includes Sequoia Capital and HBM Healthcare Investments.
The latest instance of capital raising comes about a year after the Gurugram-based company raised an undisclosed amount from global healthcare-focused fund HBM Healthcare. That round was preceded by a Rs 100-crore capital injection by Maverick Capital Ventures, the VC arm of the US-based hedge fund Maverick Capital in April last year.
The latest round has also seen participation from Omidyar Network and Maverick Capital Ventures.
4. CureFit, a healthcare startup launched by Myntra founder Mukesh Bansal, has hired Neeraj Aggarwal, former vice-president at Flipkart's logistics arm Ekart. He will join the food and operations team at CureFit Healthcare, which operates health and fitness platform CureFit.
The startup, backed by Ratan Tata's investment platform RNT Capital, has hired a number of senior executives from established companies such as Flipkart, WalmartLabs and InMobi.