Realty developers Lodha Group has launched its maiden investment fund with an initial investment corpus of INR 50 crores to provide angel funding or venture capital along with business opportunities, industry contacts and mentor support for startups focused on smart city solutions and overall real estate sector.
Freshdesk, a cloud-based customer service software provider, acquired Pipemonk, a data integration platform that works on the software-as-a-service model and allows companies to synchronise and move data among multiple cloud apps quickly and easily. The Pipemonk team will enhance Freshdesk’s capabilities to integrate within Freshdesk products as well as external products.
Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro. Founded in 2014 the firm manufactures devices to treat diabetes-related complications. Sparsh is used to diagnose diabetic peripheral neuropathy (permanent damage to the nerves in the feet, owing to diabetes) and Kadam treats diabetic foot ulcers.