Hyderabad-based Endiya Partners, an early stage venture capital firm, has raised INR 175 crore for its first fund, most of it from four family offices in India and three financial institutions. The fund has already invested in four companies including mobile application platform for developers Hansel, HR software as a services firm Darwinbox, digital health company Celes and kitchen on cloud firm InnerChef. It will make another 8-10 investments deploying close to INR 60-70 crore during 2017.
The domestic fund to be floated by Arjun Rao, who quit Travelyaari in 2015, and Vishesh Rajaram will have initial capital of $15 million (around INR 100 crore). The fund will make seed investments of INR 1-2 crore ticket size.
Software-as-a-Service (SaaS) platform Loyalty Prime has secured a Series A round of funding from a consortium of investors, including Munich-based early stage fund Senovo, Unternehmertum Venture Capital (UVC) and angel investor Alexander Bruehl. The funding will be utilized to expand its business across Europe, the US and Asia in a phased manner.
Betaout Inc, a customer intelligence and marketing automation platform for e-commerce companies, has raised an undisclosed amount of funding from East Ventures and other South East Asia-based angel investors.The funding will be utilized to strengthen its operations in Indonesia and other parts of South East Asia, expand clientele, and for product development.
Online ticketing portal BookMyShow has acquired Hyderabad-based online ticketing platform MastiTickets in an undisclosed, all-cash deal. The acquisition is largely targeting regional markets, specifically Andhra Pradesh and Telangana.BookMyShow already has partnerships with 4,000 screens across India, with 530 screens being prevalent in the Andhra Pradesh and Telangana market