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Today Deals: Fintech Platform Maxmywealth.com is in Talks to Raise Close to $5M & 14 More Updates

International Finance Corp, the private sector investment arm of the World Bank, could invest about Rs 100 crore in renewable energy company Clean Max Enviro Energy Solutions, one of the largest solar solutions providers in India.

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. Pune-based queue management app Sminq has acquired Pune-based CodePandora. The deal is a combination of cash and equity. Read More

2. Bigtree Entertainment Pvt Ltd-owned BookMyShow has acquired 75% stake in Pune-based DIY (Do-it-Yourself) event registration and ticketing platform Townscript for an undisclosed amount. Read More

3. Gurgaon-based fin-tech startup Indifi Technologies Pvt. Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has appointed former ICICI Bank veteran Maninder Juneja as strategic advisor. Read More

4. Nazara Technologies Pvt. Ltd, which operates mobile gaming firm Nazara Games, has launched an eSports league in India, for which it would invest roughly $20 million (Rs 136 crore) over the next five years. Read More

5. Bangalore-based startup Aisle Network Pvt. Ltd, which runs matchmaking app Aisle, has raised an undisclosed amount in fresh funding from CIO ANGEL Network. Konglo Ventures, White Unicorn Ventures and LetsVenture also participated in the round. Read More

6. Mobile app analytics and user engagement platform CleverTap, run by Mumbai-based WizRocket Inc, has appointed Almitra Karnik as head of marketing, it said in a statement. Read More

7. Expense management company Fyle Technologies has raised $400,000 (Rs. 2.67 crore) in its seed round led by early stage venture firm Pravega Ventures. Read More

8. Recently launched fintech platform Maxmywealth.com is in talks to raise close to $5 million to help grow its business in India and other geographies, said a senior executive of the firm. Read More

9. E-commerce-focused logistics firm Ecom Express has started fulfilment services with the opening of three new warehouse facilities in Gurgaon, Bengaluru and Lucknow. Read More

10. Unicorn India Ventures, a Mumbai-based early stage technology-focused venture fund, is expecting to close its maiden fund Unicorn Venture Fund – I with a corpus of Rs 100 crore ($15 million) by March-April 2016. Read More

11. Sumant Sinha, founder and chief executive officer of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd, is in talks to raise up to $100 million in promoter financing to increase his stake in the company ahead of a proposed share sale. Read More

12. Bootstrapped web-and-mobile testing platform BrowserStack has announced that it has operationalized its real device mobile data center in Dublin and plans to expand its Dublin operations. Read More

13. International Finance Corp, the private sector investment arm of the World Bank, could invest about Rs 100 crore in renewable energy company Clean Max Enviro Energy Solutions, one of the largest solar solutions providers in India. Read More

14. Treebo Hotels has appointed Abhishek Sharma, former COO at Opinio, for a strategic role as part of its Founders' Office. Read More

15. Hexaware Technologies Limited, a global provider of application, infrastructure, BPS and digital services today announced the appointment of Krishna Kumar as the Chief Technology Officer of the company. Read More



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