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Today Deals: Urban Ladder Plans to Raise Upto $30M and 20 More Updates

Kochi-based technology solution company MobME said on Wednesday that it was planning to raise 100-130 crore over the next six months to expand its business and for research and development.

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Here is a list of deals that happened in Indian Startup Ecosystem today including funding, merger, acquisition, product launch & appointment etc.

1. Bengaluru-based O2O deals marketplace Little has acquired Stylofie, a curated online marketplace for salons and spas. Read More

2. Zeotap has raised about $12.7 Mn Series B funding. This brings the company’s total funding to about $21.2 Mn. Read More

3. Tamil Nadu-based foodtech startup NativeSpecial has raised an undisclosed amount of funding from Indian Angel Network, and Madurai-based Native Angels Network. Read More

4. Fitness startup Fitnapp has raised an undisclosed amount of funding from real estate conglomerate SD Group. Read More

5. Three months after it launched a new hub in Mumbai, Delhi-based coworking space 91springboard is launching another hub in startup capital, Bengaluru. Read More

6. Amazon.com and Flipkart were bidding against each other to acquire Dubai-based ecommerce portal Souq.com. However, as per a recent report by Bloomberg, these talks fell apart after the parties disagreed over price, according to two sources in the know. Read More

7. American multinational storage and data management company, NetApp has launched its Global Centre of Excellence in Bengaluru, with an investment of more than $146 Mn (INR 1,000 Cr). Read More

8. Mumbai-based online marketplace for wedding venues and vendors, WeddingZ.in, has raised nearly $1 million (Rs 6.8 crore) from Singularity Ventures. Existing investor Sixth Sense Ventures also participated in the round. Read More

9. Mobile Internet firm UCWeb, owned by Alibaba Mobile Business Group, plans to invest $29.3 million (Rs 200 crore) in the Indian and Indonesian market over the next two years. The investment will be used to tap user-generated content in India via its news distribution and content platform UC News. Read More

10. Digital wallet firm Mobikwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. Read More

11. US-based storage and data management company NetApp has announced its startup accelerator programme for India, Escape Velocity, which will aim to nurture technology startups in the country. Read More

12. In another clash between sellers and online marketplace operators, fashion e-tailer Voonik.com and a group of Surat-based garment sellers are engaged in a legal battle over non-payment of dues. Read More

13. Chinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms. Read More

14. Bengaluru and Silicon Valley-based venture capital firm Saama-Capital has made a final close for its third fund at $58 million. Read More

15. International Finance Corporation - South Asia, the private sector investment arm of the World Bank Group, will invest $10 million in Bangalore-based freight-booking startup Blackbuck as part of the company’s new fundraising round, according to an IFC filing. Read More

16. Online furniture store Urban Ladder Home Décor Solutions Pvt. Ltd is in advanced talks with existing and new investors to raise $25-30 million (Rs170-200 crore) , a move that will give it the firepower to fend off competition from Pepperfry and Livspace, as well as fund its offline foray. Read More

17. App only services and content platform Tapzo has integrated Swiggy, Zomato, FreshMenu and Faasos on its portal in a bid to give its customers the choice of ordering from multiple food players on a single interface. Read More

18. Metals tycoon, JSW Group, plans to make electric vehicles in India by 2020. In India, Mahindra & Mahindra Limited is the only automaker that sells a fully electric car, while companies including Maruti Suzuki and Toyota offer hybrid versions. Read More

19. Google is acquiring Twitter's mobile application developer platform Fabric, a move which could give some breathing room for the social network after charting an independent path without a suitor. Terms of the deal were not announced. Read More

20. Kochi-based technology solution company MobME said on Wednesday that it was planning to raise 100-130 crore over the next six months to expand its business and for research and development. Read More

21. Warburg Pincus, the global private equity firm that is focused on growth investing, has acquired 14% in India’s largest multiplex company, PVR, for Rs 820 crore. Read More


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Daily Deals India Funding India Startups urban ladder

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