Hyperlocal startup Urban Clap has acquired Delhi-based concierge start-up GoodService. It is currently working on merging the operations. The acquisition is an all-cash deal.
CoWrks, a community workspace venture, is likely to have raised an undisclosed amount of funds from Qatar Investment Authority. CoWrks, which will start operations soon, has been founded by Sidharth Menda of Bengaluru-headquartered RMZ Corp. The Menda family , owners of RMZ, one of the country’s top four commercial property developers, has made initial investments to kick-start CoWrks, which will have 10 locations across Bengaluru, Mumbai, Gurgaon and Chennai by March next year.
Smart devices maker Xiaomi Inc is scouting the Indian market to invest in mobile technology start-ups and to forge partnerships with local content creators as part of its strategy to build an ecosystem around its products in the country. The Chinese firm sells smartphones, tablets, fitness bands, power banks and Bluetooth speakers in India. It has plans to introduce its brand of air purifiers and smart television sets in India.
Myntra, the online fashion store owned by Flipkart, acquired a 51% stake in HRX, the lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. Flipkart has also committed further investment in the brand for expansion in categories like inner ware and men’s grooming
Agritech venture Crofarm has raised seed funding from Mukul Singhal and Rohit Jain, former principals at SAIF Partners, who have backed the company which aims to create a supply chain which links farmers with businesses. The startup plans to establish presence in tier-2 markets and hope to operate in 10 cities over the next year.