Gurgaon based Applop Mobile Solutions Pvt. Ltd, a software-as-a-service provider that enables users to make their own mobile app, has raised a bridge round of funding from existing investor Green House Ventures Accelerator. The startup has received nearly $250,000 (Rs 1.6 crore) so far and is seeking to close this round at $500,000,.
Public-listed rice exporter and marketer LT Foods Ltd has acquired the 817 Elephant brand of rice from its Amritsar-based parent company Deva Singh Sham Singh (DSSS). The 817 Elephant brand has been supplying rice to the large Indian and Middle Eastern ethic markets in the US, Canada, Australia, Europe and Middle East.
Wow! Momo, a Kolkata-headquartered chain of quick service restaurants (QSR has raised Rs 7.9 crore ($1.18 million) in debt from private-sector lender Bandhan Bank. The funds include a cash credit facility of Rs 1 crore and will be used to set up back-end infrastructure in Kolkata and open new stores.
Manak Waste Management Pvt. Ltd, a Gurgaon-based online seller of used electronic goods that operates as Cashify, has acquired Bengaluru-based MobiBing (Innowhiz Online Services Pvt Ltd.) in a cash and stock deal whose value wasn’t specified. Cashify, formerly known as ReGlobe, aims to increase and strengthen its presence in south India. The acquihire will help Cashify access more users and build a stronger network in the region.
Star India Pvt. Ltd, a subsidiary of Rupert Murdoch’s Twenty-First Century Fox Inc., has invested close to $10 million in data science and analytics start-up Sagacito Technologies Pvt. Ltd. Sagacito aims to help businesses maximize market share and margins through predictive data analysis.