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Today Deals: Blume Ventures Goes Global, Ties Up with Draper Venture Network & 14 More Updates

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount from Vikram Sud, former Asia Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group.

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. Taxi-hailing platform Grab is reportedly in advanced stages to buy Indonesia-based O2O payments startup, Kudo. Read More

2. Bengaluru-based medical tech startup, SigTuple, has raised $5.8 Mn in Series A funding led by Accel Partners. Read More

3. Bengaluru-based IoT startup Flutura Decision Sciences & Analytics has raised $7.5 Mn Series A funding, led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive. Read More

4. UAE-based payments solutions provider OMA Emirates has acquired fintech startup MobiSwipe Technologies Private Limited for an undisclosed amount. Read More

5. Online marketplace Flipkart is looking at consolidating business of its in-house supply chain arm, Ekart Logistics. The company has suspended the customer-to-customer courier service within months of its launch. Read More

6. Gurugram and New York-based fintech startup Better Mortgage has raised $15 Mn in a Series B funding from Kleiner Perkins Caufield & Byers, Goldman Sachs, and Pine Brook. Read More

7. Securities and Exchange Board of India (SEBI) has given approval to Bharat Innovation Fund to operate as a Venture Capital Fund. The company has secured Category – I Venture Capital Fund status from SEBI, to run their business. Read More

8. SoCoMo Technologies Pvt. Ltd, which runs on-demand delivery services startup and auto rickshaw aggregator Jugnoo, has announced its entry into the taxi aggregation business at a time when key players in the segment are facing drivers’ ire over diminishing incentives and low earnings. Read More

9. Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount from Vikram Sud, former Asia Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group, it said in a statement. Read More

10. Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. Read More

11. Property consultant JLL (Jones Lang LaSalle)– through its real estate investment vertical Real Estate Technology Ventures – has invested an undisclosed sum in Cloud1 Enterprises, that enables corporates to deploy telematics technologies to bring efficiency to employee transportation. Read More

12. Ride-hailing service Olacabs (ANI Technologies Pvt. Ltd) has appointed former InMobi executive Sanjay Kharb and former chief technology officer of Cellworks, Pranav Tiwari, in senior engineering roles in an attempt to strengthen its top leadership even as several senior executives have quit the company since December. Read More

13. In a bid to clean up its balance sheet Indian telecom firm Tata Teleservices plans to raise Rs 10,000 crore ($1.5 billion). Read More

14. Ivanhoé Cambridge, the real estate investment arm of Canadian pension fund manager CDPQ, is in talks to invest $100 million in Singapore-headquartered Assetz Property Group‘s logistics operations in India. Read More

15. Online payments and e-commerce marketplace Paytm has said that its annualised GMV from its travel vertical has crossed $500 million (Rs 3,342 crore approximately). Read More



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