Online lending platform FlexiLoans has raised about $15 Million (INR100 Cr) from Sanjay Nayar, CEO of KKR India; Vikram Sud, former Head of Operations and Technology at Citibank; Anil Jaggia, Chief Investment Officer at HDFC Bank; and Narayan Seshadri, former MD at KPMG’s advisory business. As per the terms of the deal, EpiMoney, a non-banking finance company founded by Nayar, Anil, Sud and Sheshadri, will acquire a stake in FlexiLoans, which will be the product platform.
SIBIA Analytics, a Kolkata-based startup has raised an undisclosed amount of seed investment from a group of investors in India and USA, including Radhakrishnan Natarajan. The funding will be utilized for scaling up marketing and sales and capture new markets in India and overseas. A part of the fund will also to be used on improving the products.
Online jobs and career community for women, SHEROES has acquired Gharkamai, an online platform that assists professional women to find work opportunities from home. Founded in 2008 Gharkamai is an online portal that connects experienced women professionals with businesses for project based work. Gharkamai lists various work from home, flexi-time, and part-time work vacancies.
Venktesh Shukla, who joined Silicon Valley-based venture capital firm Fenox Venture Capital in April this year, has quit the company to start his own VC fund.
Indore based enterprise messaging solutions provider MSG91, a flagship product of Walkover, has acquired ToSMS, a mobile messaging solutions company for an undisclosed amount.Post-acquisition, ToSMS will be integrated with MSG91 and will operate under it. The acquisition is a part of their strategy of acquiring companies that have technologies they can build as a part of the fabric of MSG91.