Online real estate portal MagicBricks has raised INR 30 crore from Times Internet Ltd. The funding will be utilized for product development, brand building, and marketing initiatives.
Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile applications Paytm and Saavn, which are among start-ups with strong growth market strategies in India. K2 Global, which has built up stakes in Paytm and Saavn over in about two years, is raising another round of 284 million Singapore dollars, following on to the recently closed 257 million Singapore dollars .
Early-stage venture capital fund Ideaspring Capital has invested $600,000 in Lavelle Networks, a Bengaluru-based startup in the software defined networking (SDN) space. The funding will be utilized for expansion and marketing.
Property Share, a Bengaluru-based startup that enables fractional property ownership, has raised an undisclosed amount in a funding round that was led by Japanese asset management firm Asuka, and existing investors Pravega Ventures and Singapore-based venture capital fund Beenext. The funding will be utilized for technologically upgrading the product and recruitment across areas such as investment, operations and technology.
Bangalore-based boutique investment banking firm Sprout Capital Advisors LLP has launched a micro venture capital fund that aims to bet on companies benefiting from growing domestic consumption.