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Online classifieds portal Quikr acquires vehicle servicing platform Stepni

September 8, 2016

Online classifieds platform Quikr, has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them. Under the terms of the acquisition Stepni’s founders and team will join QuikrCars with immediate effect and the platform will be integrated with QuikrCars. The acquisition is aimed at strengthening Quikr’s service offerings under QuikrCars, its vertical that focuses on all types of automobiles including cars, bikes and commercial vehicles.

Read more - http://www.dealstreetasia.com/stories/52714-52714/

GrowthStory-backed health-tech startup Grow Fit acquires Drink King

September 8, 2016

Grow Fit, a health-tech startup run by Bangalore-based Healthzone Organic Foods Pvt Ltd, has acquired health-focused beverage manufacturing startup Drink King. With this acquisition, Grow Fit will start providing expert health advice, customised diet plans, therapeutic & functional foods, and nutritional beverages.

Read more - http://www.dealstreetasia.com/stories/india-growthstory-backed-health-tech-startup-grow-fit-acquires-drink-king-52734/

Shopclues to invest INR 1 Crore across 4 startups

September 8, 2016

Online marketplace ShopClues, which entered the unicorn club in January this year, will invest a total of INR 1 crore across four startups.This collaboration also entails assistance in operations, technology and strategic partnerships that ShopClues intends to provide to these startups.

Read more - http://tech.economictimes.indiatimes.com/news/startups/shopclues-to-invest-rs-1-crore-across-4-startups/54161112

CareerNet, Ideation Initiative invest $670K in test-prep startup TopRankers

September 8, 2016

Bangalore-based online test preparation startup TopRankers has raised $670,000in angel funding from CareerNet Consulting Pvt Ltd and Ideation Initiative Pvt Ltd. The funds will be utilized to expand technology and marketing verticals and 15% would be spent on research and development.

Read more - http://www.vccircle.com/news/technology/2016/09/07/exclusive-careernet-ideation-initiative-invest-670k-test-prep-startup

Women’s apparel e-tailer eShakti raises fresh funding

September 7, 2016

Chennai-based eShakti Pvt Ltd, operator of an online women’s apparel retailer, has raised INR  9 crore through a preferential allotment of shares, from two investors. eShakti, which targets the US and Canda and operates an Indian e-commerce unit under Zapelle.

Read more - http://www.vccircle.com/news/technology/2016/09/06/exclusive-women-s-apparel-e-tailer-eshakti-raises-fresh-funding

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