Bangalore-based Urban Stay Technologies Pvt. Ltd, the company which runs and operates co-living platform for long stays Square Plums, has raised Rs 3 crore ($450,000) in funding from Indian Angel Network (IAN). The funding will be utilized for on-boarding the properties and building the technology.
My Home group, Telangana’s largest business house, is preparing to set up a Rs 500 crore equity fund to invest in startups. The Hyderabad-headquartered group has interests in real estate, cement and power businesses. The dedicated research and investment team will take up due diligence of startups as well as scaled-up businesses.
Flipkart-owned Myntra pipped Snapdeal and the Future Group to acquire rival Jabong in a $70-million all-cash deal that creates India’s largest online fashion destination, reduces discounts and strengthens the Bengaluru-based company’s prospects of keeping Amazon at bay in this high-margin business.
Delhi-based student deals platform BigDeal has raised a seed round of around $100,000 in the round, led by Anjli Jain, managing partner, EVC Ventures. The funding will be utilized to expand the team, enhance technology and acquire more customers and merchants.
Startup Meet allows early stage tech startups to participate & pitch. The 3 hour meetup starts with pitch by each of the shortlisted startups to angel investors & accelerators. Organizers host a short panel discussion with investors, followed by Q&A between investors & audience