Online marketplace ShopClues has acquired Bengaluru-based startup Momoe as it looks to build a payments business. The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join its senior management team across functions like design, corporate development and technology. The deal size is pegged at $10-12 million, with consideration being paid in both cash and stock.
Supply chain firm Bristlecone, owned by the Mahindra Group, is scouting for Indian startups for acquisition as part of its growth strategy. The company is looking to acquire companies in areas such as analytics and the internet-of-things to drive its business.
Retail-tech startup ShoppinPal has raised around Rs 7 crore ($1.07 million) in its Series A round of funding. The funding will be utilized to get more retailers on board and develop products. A part of the money will go toward marketing and brand building.
Delhi-based educational-technology firm Transweb Educational Services Pvt. Ltd has raised its Series A round of funding from 500 Startups, a Silicon Valley-based startup accelerator and early-stage VC fund house. Transweb, which provides online tutorial services, has raised over Rs 80 lakh ($120,000) from the US-based firm on a fully diluted basis through a preferential allotment.
Bangalore- and Singapore-based BankerBay Technologies Pte Ltd, which helps private equity and venture capital firms, hedge funds, banks and investment banks locate deal flow and capital, has raised $2 million in funding from a group of unnamed investors. The funding will be utilized for global expansion and building sales, marketing and business development teams in London and New York