Online restaurant ordering and discovery portal Zomato acquired logistics technology startup Sparse Labs, as it looks improve the delivery experience. Sparse Labs has developed an Android-based mobile application which transmits delivery executives location to both the restaurant and the consumer in real time.
Procurement solutions provider, Xeeva has reportedly acquired cloud-based e-procurement and vendor relationship management solution,ProcurePack, for an undisclosed amount. Procurepack is an e-sourcing tool developed by Source Web Solutions. Almost all the team members of Source Web will exit the company with the acquisition.
Delhi-based venture capital firm Scale Ventures has invested an undisclosed amount in Let’s Barter, an online platform to barter goods and services.Let’s Barter is a platform for customer-to-customer exchanges for used goods and barter of services. Its Facebook group has about 1,83,000 members. The platform was formed in October 2015 as a Facebook group and its app for Android and iOS was launched last month.
Awfis, a co-working space major in the country, is looking at raising around $15-20 million funds by the end of the year to support its growth plans in the country. It currently has around 3,000 seats across 12 centres in three cities and it would be adding another 3,000 seats by November, which would increase its total capacity to 6,000 seats in five cities in 20 centres by the time.
GE Healthcare, the $18 billion healthcare technology division of General Electric Co, will provide funding of up to $50 million for global start-ups under its new accelerator programme, aimed at improving affordable healthcare in emerging markets. The company would potentially invest up to $5 million per start-up to commercially scale up their innovations. GE’s funding for each start-up will be evaluated on a case-by-case basis.