The National Institute of Information Technology (NIIT) has acquired the Bengaluru-based start-up Perceptron. The strategic acquisition is expected to bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Training.com. Started in 2014, Perceptron focuses on developing next generation learning platforms. The company has implemented its learning solutions in both adult learning and the primary education space.
Early-stage investment firm DSG Consumer Partners has invested in Singapore-based Ramblin’ Brands, leading a round in which the consumer goods maker raised nearly INR 30 Crore. Ramblin’ Brands was founded in 2011 by Swedish entrepreneurs Mattias Hulting and Peder Wikstom. It markets products such as personal lubricants and massagers under their brand Smile Makers.
Bangalore-based WeHive Technologies Pvt Ltd, which runs parenting social network TinyStep, has raised a fresh round of funding from one of its existing investors, Flipkart. The ecommerce major has put in Rs 10.6 crore ($1.58 million) through its Singapore-based subsidiary firm Flipkart Logistics Pvt. Ltd. Post the deal, the flipkart’s holding in the company has increased to 47.19% stake.
Early-stage venture capital firm YourNest has launched its second fund, YourNest India Fund II, with a target corpus of INR 300 Crore ($45 million). The Fund II will focus on pre-Series A funding of about 25-30 technology startups over the next 3-4 years. YourNest will focus on sectors including Internet of Things, electronic system design, artificial intelligence, advanced robotics, enterprise software and mobile Internet.