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Today Deals: Parking Solutions App PParkE Raises Seed Funding & 11 More Updates

Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday.

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. Gurugram-based MSD telematic Pvt.Ltd, a telematics solutions firm, has acquired Heuristics Info Systems Pvt. Ltd. in an all cash deal. Read More

2. Online tea brand Vahdam Teas has secured $650K from angel investors Mumbai Angels Network, Fireside Ventures, and Singapore Angel Network. Read More

3. Online-to-Offline B2B platform for handicrafts Direct Create has secured an undisclosed amount of funding from Rajasthan Venture Capital Fund (RVCF). Read More

4. Bengaluru-based online lingerie retailer, Zivame’s founder Richa Kar has stepped away from the daily business operations of the portal. Shaleen Sinha, who was hired as the Chief Operating Officer (COO) in November 2015 has taken over, as a result of what is being called an investor-led rejig. Read More

5. Mutual fund investor T Rowe Price has cut the valuation of India's largest online retailer Flipkart marginally by another 4% to about $9.9 billion. Read More

6. Online certification course provider Simplilearn is planning to raise $30-40 million in Series D funding in the first half of this year. Read More

7. Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures. Read More

8. Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding. Read More

9. Telecommunications firm Tikona Digital Networks, has recently tied up funding of $171 million in the form of a commercial loan from Overseas Private Investment Corporation, a US government development finance agency. Read More

10. Eco Emarket, a Bengaluru startup that offers an online platform to trade in electronic and other waste, has gone live from today. Read More

11. China's Baidu Mobile said it has appointed a former Microsoft executive as chief operating officer, part of a push into artificial intelligence as earnings from its core search engine business wane. Read More

12. Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Read More

Read more here.



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