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Today Deals: Hospitality Management Services Startup Hostmaker Gets $6.5M & 14 More Updates

Home-grown private equity firm TrueNorth is in advanced talks to acquire a majority stake in Mumbai-based private housing finance company Home First Finance Co. India Pvt. Ltd (HFFC) for around $100 million.

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. Uber has asked senior vice president of engineering Amit Singhal to resign from the company for reportedly failing to disclose a sexual harassment allegation at his previous organisation Google. Read More

2. Noida-based television home shopping network and online marketplace, HomeShop18 has reportedly laid off close to 200 of its staff. Read More

3. Bengaluru-based recruitment startup Belong has raised $10 Mn in Series B funding led by Sequoia Capital India, with participation from existing investor Matrix Partners India. Read More

4. Delhi-based VDSS Agri Tech Pvt. Ltd, which owns and operates agri-tech startup Paalak.in, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. Read More

5. SeenIt Online Pvt. Ltd, a Kolkata-based startup that operates artificial intelligence-powered fashion search platform SeenIt.in, has raised an undisclosed amount in pre-Series A funding from Calcutta Angels Network (CAN) and Augment Ventures. Read More

6. Naspers-owned payments gateway PayU India is betting big on the fintech space in India. While its primary focus will be on payments, particularly cross-border payments, it is also entering the credit business and offline space. Read More

7. E-commerce firm ShopClues has appointed Zopper executive Harneet Singh as vice president of marketing and Reliance executive Babu Vittal as head of human resources. Read More

8. Gurgaon-based ecommerce logistics firm SSN Logistics Pvt. Ltd, which operates under the brand Delhivery, is in advanced talks to raise $100 million (around Rs 667 crore) led by private equity firm The Carlyle Group with participation from Chinese conglomerate Fosun. Read More

9. Hospitality management services startup HOSTMAKER.co has secured $6.5 million (Rs 43.37 crore) in Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital. Read More

10. French banking group Société Générale has appointed Rajat Kohli as the new Head of Global Markets for India, according to a report from finews.com on Tuesday. Read More

11. Life Insurance Corporation of India (LIC) plans to acquire 5 per cent more stake Indian engineering giant Larsen & Toubro Ltd. (L&T) for Rs 6,500 crore ($973 million) at current market prices. Read More

12. Home-grown private equity firm TrueNorth is in advanced talks to acquire a majority stake in Mumbai-based private housing finance company Home First Finance Co. India Pvt. Ltd (HFFC) for around $100 million. Read More

13. India's largest e-commerce marketplace Flipkart has witnessed yet another markdown from one of its largest mutual fund investor Morgan Stanley, pegging the valuation of Flipkart at $5.37 billion. Read More

14. Mozilla acquires Pocket app to strengthen its mobile presence. Read More

15. World Bank arm IFC is planning an aggressive foray into startups at Series-A level, as part of its recent push towards early-stage investing in India. Read More



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