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Today Deals: Alibaba Looks to Acquire an Online Movie Booking Firm & 16 More Updates

Chinese internet major Alibaba.com is looking to acquire an online movie booking firm to garner presence in the Indian digital entertainment space.

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Photo Credit : constructive.net.au,

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

1. Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer​, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network. Read More

2. Former chief product officer at Snapdeal​ Anand Chandrasekaran has invested in Bangalore-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture​. Read More

3. AI, B2B dominate startup shortlist for Microsoft​ Accelerator’s 10th batch - AceBot​, Active.ai, FirstHive​, Heckyl​, Karomi​, Lavelle Networks​, LetsTransport.in​, QuestionPro​, SigTuple​, SysCloud​, Tricog Health Services​, VPhrase​, WittyParrot​ & Zenatix Solutions​. Read More

4. Mumbai-based technology startup accelerator Zone Startups/India​ has launched the second cohort of its empoWer programme aimed at women entrepreneurs in technology businesses. Read More

5. Priyank Kharge​, IT Minister of Karnataka​ announced a fund of $1.4 Mn (INR 10 Cr) for women entrepreneurs of the state. The announcement was made at the Government of Karnataka’s Women’s Day celebration in Bengaluru. Read More

6. Online marketplace IndiaMART​ has forayed into the payments space to enable the over 3 Mn sellers on its platform. Read More

7. In a bid to strengthen the development of e-governance software applications, the Government has launched OpenForge​ – a platform for open collaborative development of e-governance applications. Read More

8. Pinterest​ Inc. has acquired Jelly Industries, the question-and-answer app led by Twitter​ Inc. co-founder Biz Stone. Read More

9. Venture capital fund of Russian conglomerate Sistema JSFC​, Sistema Asia Fund (SAF) Advisory, plans to invest $12 million in at least four Indian startups in mid-stage financing deals. Read More

10. After investments in digital payment app Paytm​, Chinese internet major Alibaba.com is now looking to acquire an online movie booking firm to garner presence in the Indian digital entertainment space. Read More

11. E-commerce-focused logistics firm Ecom Express Pvt Ltd has initiated the process of raising at least $75 million in a new round of funding, two people aware of the development said. Read More

12. Blue Box Media​ Pvt Ltd, which operates technology news site The Tech Portal​, has acquired a majority stake in Jaipur-headquartered lifestyle blog Connect Jaipur​ to venture into lifestyle content for an undisclosed amount. Read More

13. Alphabet​'s venture arm Google Ventures​ has invested in Currencycloud​, a UK startup that provides technology to enable businesses to provide cross-border payments services to their customers. Read More

14. SoftBank Group​ plans to sell a 25% stake in ARM Holdings​ to a technology fund it is creating with Saudi Arabia after lead investors expressed a desire to include the chipmaker in their portfolio, according to people familiar with the matter. Read More

15. Saikiran Krishnamurthy, who quit as head of Flipkart​'s supply chain unit Ekart in January after the e-commerce giant named Kalyan Krishnamurthy as its CEO, is headed back to consultancy firm McKinsey & Company​ where he had been director. Read More

16. San Jose-based Nimble Storage​ has been snapped up by Hewlett Packard Enterprise​ for $1.09 billion, making it the latest acquisition of an Indian tech company by a global giant. Read More

17. Id Fresh Food India Pvt Ltd​, the maker of ready-to-cook dosa and idli batter, is preparing to enter the US, United Kingdom and Singapore this year to cater to the teeming Indian diaspora in those countries. Read More



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