15/02/2017

Fintech co ZestMoney raises $6.5 Million in Series A led by Naspers-owned PayU

Bengaluru-based fintech company ZestMoney has raised Series A funding led by Naspers-owned PayU. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round along with individual investors. The funding will be utlized for technology and product development.
15/02/2017

WestBridge-backed Nazara Games to invest $20 Million in eSports league

Nazara Technologies Pvt Ltd, which operates mobile gaming firm Nazara Games, has launched an eSports league in India, for which it would invest roughly $20 million (INR 136 crore) over the next five years. eSports is a type of spectator sport with multi-player video game tournaments, especially among professional gamers.
15/02/2017

CIIE’s Bharat Innovation Fund gets SEBI nod to operate as Venture Capital Fund

Securities and Exchange Board of India (SEBI) has given approval to Bharat Innovation Fund to operate as a Venture Capital Fund. The company has secured Category – I Venture Capital Fund status from SEBI, to run their business. According to the norms, Category-I funds also get incentives from the government […]
15/02/2017

BookMyShow acquires 75% stake in Townscript

Mumbai-based entertainment ticketing portal BookMyShow has acquired a 75% stake in Pune-based DIY (do it yourself) event registration and ticketing platform Townscript in an undisclosed all cash deal. Townscript which has already provided its services to over 12,000 events across India, including smaller cities like Ludhiana and Jaipur focuses on the […]
15/02/2017

Coworking startup Innov8 raises an undisclosed amount from angel investors

Coworking space provider Innov8 has raised an undisclosed amount in an angel round enabled by LetsVenture and Venture Catalysts. The round saw investments by prominent angel investors such as Vijay Shekhar Sharma of Paytm, Rajan Anandan of Google, Kunal Shah of FreeCharge, Girish Mathrubootham of Freshdesk and Anand Chandrasekeran of […]
15/02/2017

Sminq acquires software service provider CodePandora

Pune-headquartered queue management startup Sminq has acquired CodePandora, a UX focused software services firm. The deal is believed to be in multiples of few million rupees, with majority being equity.
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