Infosys Ltd, India’s second-largest software services exporter has invested in homegrown drone maker ideaForge Technology Pvt Ltd. The investment was made from the Innovation Fund in a stock-exchange filing. ideaForge has built Unmanned Aerial Vehicles (UAV) that have been widely deployed by the Indian armed forces for surveillance, crowd monitoring and rescue operations.
Gurgaon-based travel-tech company, Qacco Hospitality Pvt Ltd, has raised $150,000 in an angel round led by Lead Angels Network (LAN). The funding will be utilized to develop Qacco’s technology and team.
Read more - https://inc42.com/flash-feed/qacco-funding/
FitMeIn, which provides users access to fitness studios and gyms on a subsidized monthly package, has raised an undisclosed amount from Japanese digital healthcare company FiNC in pre-Series A round. The startup is an online platform that offers multi-studio membership to premium fitness workout destinations in New Delhi and Mumbai.
Read more - http://techstory.in/fitmein-funding-131216/
Ad tech company Mogae Media, has acquired Ngage, the ad tech platform of Nimbuzz, in an all-stock deal valued at INR 40 crore. Ngage is a cross device ad platform and counts most large agencies like Group M, OMD, IPG and others as its clients.
Real-time cardiac monitoring company ten3T has raised funding from angel funds including pi Ventures to beta test its first device. Ten3T, founded by a team of physicians and biomedical engineers, builds wearable medical devices that collect and integrate medical data in real time.