Hyderabad-based logistics firm Gati Ltd has invested an undisclosed sum in BrownTape Technologies Pvt Ltd, a cloud-based software solutions company based out of Goa. BrownTape helps online merchants to manage their orders for multiple e-commerce marketplaces. The company has a technology platform that helps sellers manage orders and inventory in one place without the need to log into each e-tailing site separately.


Delhi-based Medhealix Healthtech Pvt Ltd, which operates Medzin, has raised INR 30 lakhs ($45,000) in fresh funding from existing angel investor A M Sikander, owner of logistics firm Sitics Logistic Solutions. The funding will be utilized to develop product, accelerate growth and create marketing campaigns.




Oil India Limited (OIL) has set up an OIL Start-Up fund of INR50 Crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The government-run company also plans to create a dedicated website for its Start-Up initiative, inviting applications with project ideas, besides inviting through newspaper advertisements in the region with special attention given to ideas from students in technical institutions and universities.