Blue Box Media Pvt Ltd, which operates technology news site The Tech Portal, has acquired a majority stake in Jaipur-headquartered lifestyle blog Connect Jaipur to venture into lifestyle content for an undisclosed amount. Connect Jaipur, a digital media platform, provides PR and branding services to businesses, relevant in this tech savvy digital era.
Sistema Asia Fund (SAF) Advisory, the proprietary venture capital fund of Russian conglomerate Sistema JSFC, will shortly pump in nearly $12 million (INR 80 crore approx) to close a clutch of mid-stage financing deals in four Indian startups. SAF Advisory’s investment committee is “examining proposals from five to seven startups”, which are involved in software automation services (SAS), enterprise software and niche consumer centric internet technologies that enable online retailers and customers to engage.
Gurgaon-based Proparent Solutions Pvt Ltd, which runs online community of parents Parentune, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based SEGNEL Ventures. The funding will be utilized to scale up the business, including launching the network in Hindi and other vernacular languages.