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Today Deals: Insignia Art Collect Pvt Ltd Gets $522K from DSG Consumer Partners & 14 More Updates

Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal Stylspot in order to strengthen its technology platform.

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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. SAIF Partners has exited from its investment in travel portal MakeMyTrip.com (MMT), as per the recent SEC filings of the Gurugram-based company. Read More

2. Mumbai-based online marketplace for buying and selling secondhand cars Truebill has secured $3 Mn from Chinese VC firm Shunwei Capital. The funding was raised as a follow-on Series A round. Read More

3. Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal Stylspot in order to strengthen its technology platform. Read More

4. Ecommerce major Amazon.com has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Read More

5. Bengaluru-based digital media company YourStory Media Pvt. Ltd, which runs YourStory.com, has raised $3 million (about Rs 20 crore) in a fresh round of funding, filings with the Registrar of Companies (RoC) show. Read More

6. Gurgaon-based Insignia Art Collect Pvt Ltd has raised $522,000 from DSG Consumer Partners in its first external round of funding. Read More

7. Warburg Pincus is in advanced discussions to buy a stake in the engineering unit of Tata Motors Ltd., the manufacturer of Jaguar sports cars and Land Rover sport utility vehicles. Read More

Also Read: India in 2050: Future of Food


8. Private equity firm TPG Capital is looking at a possible consolidation of Fortis Healthcare and Manipal Health Enterprises, which could create one of the largest healthcare services provider in the country. Read More

9. Asian Paints Ltd today said its indirect subsidiary Berger International Pvt Ltd, Singapore, has entered into a share purchase agreement with Causeway Paints Lanka (Pvt) Ltd, Sri Lanka, to acquire of 100 per cent stake in the company in an all cash deal. Read More

10. Private equity firm ICICI Venture Funds Management Co. Ltd has so far received gross commitments of $350 million for its fourth sector-agnostic fund. Read More

11. Payism Technologies India Pvt. Ltd, which facilitates cash-based as well as cashless transactions, is looking to raise approximately $25 million in growth equity capital to fuel its expansion plans, a top executive said. Read More

12. Japan's SoftBank Group on Wednesday said it has agreed to buy Fortress Investment Group for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. Read More

13. FbStart program which aims at helping mobile startups build and grow their apps, has selected Gurgaon-based First Aid Care app called Blood n Care. Read More

14. In one of the largest real estate transactions in Bengaluru, SAP Labs India is in the process of renting a 5,00,000 sq ft of office space in the city to consolidate and expand its business in India. Read More

15. E-commerce focussed logistics company Ecom Express Pvt Ltd plans to raise fresh funds in the second half of this year to push its expansion plans. Read More

Also Read: India in 2050: Future of Health



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