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Google’s Rajan Anandan backs ed-tech firm Stoodnt

September 13, 2016

Stoodnt, an educational-technology firm which facilitates interaction between students and admission counsellors or educational institutions, has raised $300,000 (Rs 2 crore) in seed funding from Google India managing director Rajan Anandan. The funding will be utilized to enhance product capability and user experience and to expand sales and marketing teams.

Read more - http://www.vccircle.com/news/technology/2016/09/12/exclusive-google-s-rajan-anandan-backs-ed-tech-firm-stoodnt

IAN invests in B2B marketplace for leather products ShoeKonnect

September 13, 2016

Agra-based business-to-business (B2B) marketplace for leather products ShoeKonnect has raised an undisclosed amount in an angel round of funding from Indian Angels Network (IAN) .The funding will be utilized for technology enhancement, marketing, brand building and team expansion.

Read more - http://www.vccircle.com/news/technology/2016/09/12/exclusive-ian-invests-b2b-marketplace-leather-products-shoekonnect

Kaya agrees to acquire 75% stake in two UAE skincare firms

September 12, 2016

Skincare firm Kaya Ltd has agreed to acquire a 75% stake in two dermatology centres based in Dubai and Sharjah to expand its presence in the United Arab Emirates.The acquisition will strengthen the company’s network of clinics in the UAE region and add a new set of customers to the existing base in the region.

Read more - http://www.vccircle.com/news/consumer/2016/09/09/kaya-agrees-acquire-75-stake-two-uae-skincare-firms

Kalaari Capital-backed Grabhouse in talks with Oyo, NestAway for buyout

September 12, 2016

Home rental start-up Grabhouse is looking for a buyer as the company is struggling to scale up its business. Cryptopy Technologies Pvt. Ltd, which runs Grabhouse, has initiated talks with online hotel aggregator Oyo (Oravel Stays Pvt. Ltd) and online home rental start-up NestAway Technologies Pvt. Ltd. The deal is likely at about $5-8 million.

Read more - http://www.dealstreetasia.com/stories/grabhouse-in-talks-with-oyo-nestaway-for-buyout-53021/

Purple Style Labs raises Rs 3 Cr from Calcutta Angels, LetsVenture & others

September 12, 2016

Calcutta Angels Network (CAN), LetsVenture, an online funding platform, some Indian Institute of Technology Bombay (IITB) graduates and a clutch of former bankers have collectively infused some Rs 3 crore into Mumbai-based fashion house Purple Style Labs (PSL). The funding will be utilized to beef up his team of designers and stylists. Part of the funds will also be used to develop technology.

Read more - http://tech.economictimes.indiatimes.com/news/startups/purple-style-labs-raises-rs-3-cr-from-calcutta-angels-letsventure-others/54261073

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