Online-to-offline (O2O) real estate transaction player Square Yards has raised $10 million in a part debt-part equity round from a clutch of high net worth individuals, including global beauty brand L’Occitane CEO Andre Hoffman and the family office of Kanpur-based Lohia Group. The three-year-old company is looking to accelerate its expansion into newer international geographies as well as build a working capital war chest as it charts an aggressive growth strategy for 2017.
Travel search engine ixigo has acqui-hired mobile content sharing app Reach. The Reach app allowed users to discover music, apps and free games from their friends’ network. It enabled users to send requests and get permission to access friends’ mobile collection to listen to music selected by them for free and install the apps they use.