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Today Deals: B2B Online Marketplace Tolexo May Lay Off 300 People & 10 More Updates

Gurgaon-based bus ride aggregator Shuttl has partnered with Google Maps to enable users to find a ride on its platform whenever a commuter searches for public transport between two locations.

Photo Credit : ShutterStock,

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

1. Nexus Venture Partners and Matrix Partners backed Bengaluru-based Indian homestay network Stayzilla suspended its operations yesterday. Founder Yogendra announced his decision via blog post. Read More

2. igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. Read More

3. Early-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million ($26.6 crore) fund to make angel and seed investments in digital healthcare startups. Read More

4. Noida-based mobile advertising startup Oglas has raised angel funding from two people. Read More

5. Online business goods marketplace Tolexo Online Pvt Ltd will lay off 300 employees, or 85% of its workforce. Read More

6. Varun Beverages Limited, the world’s second- largest bottler of brands sold by PepsiCo, Inc.., has increased its stake in the company’s subsidiary Varun Beverages (Zambia) Ltd from 60% to 90%, it said in a filing to the stock exchanges. Read More

7. Facebook-owned mobile messaging service WhatsApp has rolled out 'Status' feature to all its users on iPhone, Android and Windows devices across the world. Read More

8. AirMap, a start-up which has become the world's top supplier of air traffic management software for drones, is raising $26 million in new financing from a group of industry investors led by the venture capital investment arm of Microsoft. Read More

9. Gurgaon-based bus ride aggregator Shuttl has partnered with Google Maps to enable users to find a ride on its platform whenever a commuter searches for public transport between two locations. Read More

10. At its Future Decoded event here in Mumbai on February 22, Microsoft CEO Satya Nadella, announced a new offering for mobile-first and mobile-only markets – Skype Lite. Skype Lite allows communication and collaboration over low-bandwidth networks and will bring Aadhaar integration to the app by June 2017. Read More

11. Mahindra Agri Solutions Ltd (MASL), a wholly-owned subsidiary of Mahindra & Mahindra Ltd today announced the launch of 'MyAgriGuru', an advisory platform for farmers that has been introduced as a mobile app. Read More



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