The promoters of private exhibition organiser Asian Business Exhibitions and Conferences (ABEC) have acquired art monetisation portal PosterGully in a bid to tap the potential of the fast growing e-commerce space in the country. The company, which claims to have shipped out over 600K SKUs in the past three years, has currently over 5,000 artists selling their products on the platform.
Integrated commerce solution provider Iksula has acquired US-based Blisstering Solutions, a software development company. With this acquisition Iksula aims at combining its ecommerce solutions with a range of other software-based solutions provided by Blisstering, strengthening its hold over the worldwide market of retail and end to end services.
Bengaluru-based relocation service provider Pikkol has raised an undisclosed amount in a funding round led by Indian Angel Network. Pikkol, a packers and movers startup was founded in April 2015. It is a tech-centric relocation service provider where users can generate tailor-made solutions for their needs.
Read more - https://inc42.com/buzz/pikkol-funding/
Stellaris Venture Partners, an early-stage venture capital firm launched by former Helion Venture Partners executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri, is in advanced talks to secure a $10 million commitment from global enterprise software giant SAP SE. As a strategy, they have been tapping large tech enterprises for their fund-raising.
Education technology firm Makkajai has raised $200,000 in its seed round from angel investors Snapdeal‘s former chief product officer and angel investor, Anand Chandrasekaran. Makkajai is building an adaptive learning platform comprising deeply engaging educational games and learning analytics. The company claims that its Monster Math suite of games has achieved 1.5 million downloads with 100,000 monthly users.