Kolkata-based healthtech startup, Tiyo, run by Labsense Technology Services, has raised $120K in angel funding from veteran entrepreneurs from Middle East including Anish K & Ajith Nair, CEO iAdepto Global.The funding will be utilized to further develop patient care technology and consolidate sales efforts. The startup plans to foray into Tier I and II markets by 2017. It plans to roll out in 10 more cities including Chennai, Mumbai, Chandigarh, Ahmedabad, by the end of this year.
Oracle has acquired NetSuite, the first cloud company, in a cash deal, which works out to roughly $109 per share.Founded in 1998, NetSuite pioneered cloud computing technology and helped businesses in exploring the then uncharted internet by providing various applications.
MaxWholesale, a data-driven B2B commerce and supply chain platform, has raised an undisclosed amount of funding led by Maple Capital Advisors’ startup accelerator platform. The funding will be utilized to scale up its operations and enhance technology.
Online marketplace Snapdeal (Jasper Infotech Pvt Ltd) has tied up with ride-hailing service Uber Inc to enable cab booking on its app. Now, Snapdeal consumers can directly book a ride on Uber through the e-tailer’s app.
Gurgaon-based startup accelerator GreenHouse Ventures (GHV) has partnered with Makoto Takano, editor-in-chief of Forbes Japan and former president of PIMCO Japan Ltd, to launch a Rs 350 crore (around $52 million) fund for early stage Indian startups. The focus will be around health tech, fintech, adtech and B2B marketplaces and investment size will vary anywhere between $2million and $5 million (Rs17-33 crore) in each startup.