Pune-based mobile-first savings discovery platform Scandid has acquired hyperlocal startup Snabar for an undisclosed deal amount. The acquisition is strategic as Scandid is on the lookout for talent and technology to continue to build a user-friendly shopping and savings assistant platform.
Yellow Tie Hospitality Management LLP, a food and beverages franchise management firm, plans to invest up to $15-20 million in five restaurant ventures of Indian celebrity chef Harpal Singh Sokhi’s chain Funjabi Tadka. The funding will be utilized to relaunch some of the existing chains such as Twist of Tadka, a North Indian/Punjabi quick service restaurant, operational in Bengaluru and Amritsar.
Global IT services and solutions provider L&T Infotech (LTI) is all set to acquire Pune-based AugmentIQ Data Sciences Pvt Ltd, a startup offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.With the acquisition, LTI will gain access to MAXIQ, the big data platform developed by AugmentIQ.
San Francisco and Delhi based social media marketing startup OrangeTwig has raised a seed round of $1 Million from an undisclosed Silicon Valley investor. An additional $75K has been added from a close friend. The funding will be utilized to hire talent and ramp up marketing and sales operations.
Ahmedabad-based The Kettlery, a speciality tea startup raised $1 million from Abhinav Bindra’s Shooting Starts Sports LLP & Franchise India Brands. The funding will be utilized to set up 100 tea boutique outlets in next five year.