Online classifieds firm Quikr India Pvt Ltd has raised around INR 130 crore from Brand Capital, the private treaty arm of media company Bennett, Coleman and Co Ltd (BCCL). Brand Capital, invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of the same price.
Bangalore-based Meesho, which provides online solutions for merchants to sell through social networking platforms as raised an undisclosed amount in an angel round from Kashyap Deorah, co-founder of HyperTrack and author of The Golden Tap, Rajul Garg, founder of Global Logic and Maninder Gulati, chief strategy officer of Oyo Rooms. The funding will be utilized for marketing and enhancing technology.
Briston Technomach Pvt Ltd, a Delhi-based Internet of Things (IoT) startup, is in advanced talks to raise funding from a larger Gurgaon-headquartered industry peer as part of its pre-Series A round. The company plans to raise INR10 crore (nearly $1.5 million) in this round.
A new venture capital firm co-founded by Rathi Group scion and former CEO of NDTV’s ethnic apparel e-commerce venture, Scale Ventures, has struck a rare secondaries buyout deal in Indian venture capital space. Scale Ventures, which was floated early this year, has inked an agreement to acquire the portfolio of Delhi-based Guerrilla Ventures. The deal with Guerrilla will give it a ready portfolio to begin its operations.
Software services firm Wipro Ltd has invested INR 10 crore In Israeli cybersecurity startup Intsights Cyber Intelligence Ltd. Wipro will get a minority stake less than 20% in Intsights. Intsights provides cybersecurity solutions to organisations and claims to specialise in intelligence-driven solutions. The company offers a subscription-based service to detect potential cyberattacks and provide advance warning.