Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network operates these channels across India, Maldives, Singapore, Hong Kong, Middle East, and Caribbean.
Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs INR crore from Accel Partners. The VC firm is picking up 20% stake in the startup. The funding will be utilized to develop the software and hardware of Mihup’s speech recognition system and man-machine interface.
Online fashion rental portal Flyrobe has raised INR 35 crore in its second round of funding led by IDG Ventures, with the participation of Tokyo-based GREE Ventures and existing investor Sequoia India. The funding will be utilized to expand to five more cities including Hyderabad, Bangalore, as well as to strengthen technology, product and business teams.
Enterprise cloud solution provider Nutanix has acquired the Sequoia-backed startup. This offers a platform for smooth transitioning of software and applications to their newer updates. It has 43 employees. Its engineering team operates out of its office in Bengaluru. Calm.io, which facilitates most of its engineering work from India will continue to provide the dedicated support experience via the Calm.io support portal, which will remain available as the Calm. io team will work with Nutanix to develop the next generation DevOps automation for Enterprise Cloud.
Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl- led digital news venture Quintillion Media Pvt Ltd. The funding will be utilized for redesigning the Android app and launching the iOS version soon. The company aims to go global with the app.