India Deals: Flipkart Founder Binny Bansal Invests in 3D Printing Startup Supercraft3D & 27 More Updates

The UAE-based online travel portal has appointed Rajesh Pareek, former chief financial officer of Dubai International Financial Centre, as group CEO, and Giya Diwaan from IDBI Bank as India CEO with focus on international exp

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

1. will be merging with rival PropTiger. As part of the transaction, PropTiger’s eventual investor REA Group Limited will invest US$50 Mn in the joint entity with an affiliate of SoftBank Group pumping in another $5 Mn. Read More

2. Yahoo Inc. CEO Marissa Mayer plans to leave the company’s board after the sale of its core business to Verizon is completed, during which time what's left of Yahoo will rebrand as Altaba. Read More

3. Flipkart founder Binny Bansal, has reportedly invested in a 3D Printing startup Supercraft3D, pouring in $1 Mn (INR 6.6 Cr) into the company. Read More

4. Business centres and coworking space provider InstaOffice, has raised an undisclosed amount of Pre-Series A funding led by Globevestor. Read More

5. Airbus Bizlab Bengaluru has launched the second season of its startup accelerator programme today. It has shortlisted six Indian startups for the same - Earth2Orbit, eFlight, Neewee Analytics, Stelae Technologies, SYmbosim, Accelo, Innovative Binaries. Read More

6. Mumbai-based e-security startup Securens Systems Pvt. Ltd has reportedly raised around $5 Mn (INR 35 Cr) from Trifecta Capital. Existing investor Mayfield India also participated in the current funding round. Read More

7. Mumbai-based fashion recommerce platform CoutLoot has acquired Bengaluru-based competitor ‘Once Again Store’ for an undisclosed amount in an all-stock deal. Read More

8. Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 (Rs 68 lakh) in its sixth round of angel funding. Read More

9. Bangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures. Read More

10. Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised $2.25 million (Rs 15.3 crore) in seed investment led by Vedanta Capital. Read More

11. Social media giant Facebook has picked three more Indian startups—book summary app bookbhook, travel planning app HopBucket, competitive exam prep startup EXAM Spirit and Online Dating app Kingr—for its early-stage startup mentorship programme, FbStart. Read More

12. Bengaluru-based hyperlocal delivery startup Opinio has tied up with former Flipkart executives Ankit Nagori and Mukesh Bansal’s yet-to-launch online preventive healthcare platform CureFit, a financial daily reported on Tuesday. Read More

13. Singapore-based InseadAlum Ventures has launched a $700,000 (SGD1 million) fund to invest globally in startups founded by Insead alumni, it said in a statement. Read More

14. Max Ventures and Industries Limited (MaxVIL) is set to sell 22.5 per cent stake to a subsidiary of US-based insurer New York Life Insurance Company for Rs 121 crore (Around $17.8 million). Read More

15. Slayback Pharma LLC, a US-based pharmaceutical research and development company founded by former executive of Dr. Reddy's Laboratories Ltd., has raised $60 million from KKR, a global investment firm. Read More

16. Global private equity (PE) fund Bain Capital has started talks to buy a significant minority stake in Fortis Healthcare Ltd (FHL). Read More

17. Early-stage investor Kae Capital aims to invest in up to 25 companies during the entire lifecycle of its second $30 million fund, raised in February last year, and will fund between six and eight companies in the current year. Read More

18. An Internet of Things (IoT) service provider Aeris has formed a partnership with mapping firm MapmyIndia to offer geo-spatial intelligence based IoT solutions in India by leveraging their respective areas of core competence. Read More

19. Social media giant Facebook is planning to show ads in the middle of videos and share the revenue generated with the publishers, giving them 55% of the sales, media reported. Read More

20. Amazon Prime Video India has announced an exclusive multi-year content deal with Xilam Animation to strengthen its catalogue of kids' animated content. Read More

21. NIIT Technologies said it has hired executives from Hewlett Packard Enterprise and CSC, as the mid-tier IT company looks to boost its digital business. Read More

22. Snapchat picks London for its international HQ. Read More

23. The UAE-based online travel portal has appointed Rajesh Pareek, former chief financial officer of Dubai International Financial Centre, as group CEO, and Giya Diwaan from IDBI Bank as India CEO with focus on international expansion. Read More

24. Mukesh Ambani-owned Reliance Jio Infocomm is planning to roll out stock options for its employees, which could be a reward for the pace at which subscribers are being added as well as a talent retention and attraction strategy of the company. Read More

25. Control Alt Foods Pvt. Ltd, the entity behind the brand ‘The Green Snack Co.’ that is focused on the healthy snacking market has raised around $500k, from Riddhesh Gandhi, Founder of Discovery Capital and ex head of Healthcare and Consumer Investment Banking at Goldman Sachs, along with Harshita who is the founder of Tree of Life Pvt. Ltd. Read More

26. Social Commerce Startup Sagoon Files for Regulation A+ (Mini-IPO); Plans to Raise $20M Starting February 2017. Read More

27. Idein Ventures Appoints David Back As Entrepreneur-In-Residence. Read More

28. Sstorm, an Indian e-commerce platform that offers innovation, technology, and trend driven international products, today announced the launch of its platform for the Indian market. Read More

Around The World