Today Deals: Raises $1.35M from IDG Ventures & 16 More Updates

Mobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store.

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

1. Online marketplace Snapdeal has appointed's CEO Jason Kothari as its chief strategy and investment officer. The announcement came in just a day after the Housing and PropTiger merger was made public. Read More

2. East Ventures, a Singapore-based VC firm has reportedly launched its fifth fund with a corpus of $27.5 Mn. The new fund aims to invest in startups in Southeast Asia. Read More

3. Mumbai-based Zeta, a fintech startup offering smart employee benefits for tax saving under its Optima brand, has launched the first, fully digital Leave Travel Allowance (LTA) solution. Read More

4. Bengaluru-based real-time mobile app management platform, has raised $1.35M from IDG Ventures. Existing investors Endiya Partners also participated in the current round of funding. Read More

5. Former Paytm executive Ishan Gupta has joined US-based online education provider Udacity India as its managing director for the Indian market. Read More

6. Mobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store. Read More

7. Travel search engine ixigo has acqui-hired mobile content sharing app Reach, the firm said in a statement. The financial terms of the deal are not disclosed. Read More

8. Cab-hailing service Olacabs has appointed Shalabh Seth as chief executive of Ola Fleet Technologies, a wholly owned leasing subsidiary. Read More

9. Arvato CRM Solutions, a global customer relationship management company and subsidiary of German conglomerate Bertelsmann, has acquired Bengaluru-based IT and analytics company Ramyam Intelligence Lab Pvt. Ltd. Read More

10. Business process management services firm WNS has agreed to acquire acquire US-based Denali Sourcing Services that operates in the same business for $40 million. Read More

11. Stylflip, a marketplace for pre-owned fashion said it has received credits worth $40,000 from Facebook as part of its FbStart Program. Read More

12. 4TiGO, a logistics startup backed by Infosys cofounder Nandan Nilekani and Accel Partners, is looking to close nearly $10 million in Series A from existing investors in the next couple of quarters. Read More

13. INurture Education Solutions, an education services firm that enables industry-relevant higher education in India in collaboration with universities, is looking to raise $15-20 million. Read More

14. infuses Rs 150 Cr in payments business. Read More

15. Bharti Airtel (“Airtel”), India’s telecommunications services provider, today announced the appointment of Badal Bagri as Chief Financial Officer for its India & South Asia operations with effect from January 16, 2017. Read More

16. After more than 20 years of experience in advertising and communication, Glen Ireland, former CEO at Dentsu Digital and COO, Dentsu Webchutney has launched a digital agency called 8020. Read More

17. FreeCharge, UrbanClap Tie Up for Cashless Payments Across 97 Service Categories. Read More

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