Cashback and analytics company Zaggle Prepaid Ocean Services, which offers cashbacks to customers at restaurants, has acquired Bengaluru-based online cashback and coupons company Pennyful in a cash-and-stock deal. The Pennyful team of 15 members will join the 115-team at Zaggle, especially to augment the latter’s digital marketing and product technology team, primarily for their consumer-focused business.
Gurgaon-based Twenty Two Motors Pvt Ltd, which is working on rolling out its first smart scooter, has raised funding in a pre-Series A round led by Ishwar Singh, chief executive of Haryana Group of Industries. The funding will be utilized to develop and test its prototype, hire across verticals and set up its factory.
Digital lending startup Capital Float has raised INR 15 crore from Mahindra and Mahindra Financial Services by allotting non-convertible debentures (NCDs). The funding will be utilized to strengthen its loan books.
Wonderchef, a kitchen appliance and cookware brand promoted by celebrity chef Sanjeev Kapoor, has raised INR 40 crore from French group Labruyere Eberle. The funding will be utilized for a new manufacturing unit and expansion into new segments.
Digital payments and commerce platform Paytm has invested an undisclosed amount in QorQI, an online healthcare startup. Started in 2014, the Noida-based startup uses artificial intelligence (AI) and big data to improve the productivity of doctors along with helping patients to manage their health and existing ailments better.