Karnataka-based fresh fruits and vegetables etailer Freshboxx has acquired Hubli-based last mile logistics startup, Urmajesty. With this acquisition, the startup aims to multiply its revenue by starting business operations in South Karnataka while launching in new cities of North Karnataka.
Delhi-based compliance management software startup LexComply has raised INR 50 lakhs from Ajay Relan, co-founder and former managing partner of CX Partners and other unnamed angel investors. The funding will be utilized for enhancing technology and marketing solutions.
MyAdvo, a platform that helps clients connect with lawyers for legal help, has raised an undisclosed amount of angel funding led by Pradyumna Dalmia, co-founder of Calcutta Angels Network, and a few other investors through LetsVenture, a funding platform. MyAdvo, run by MyAdvo Techserve Pvt. Ltd, was started last year and the startup claims that over the last nine months, it has received more than 22,500 legal queries, and has expanded its lawyer network to more than 2,500 lawyers spread across 115 cities, with expertise in over 75 domains.
On-demand logistics company Shadowfax has raised INR 67 crore ($10 million) as part of its Series B fund-rasing round from existing investor Eight Roads Ventures, the proprietary investment arm of Fidelity International. The company processes close to 30,000 orders per day with an average cost structure of INR 55 per order across categories.
Global payments platform PayPal Holdings Inc is in the final stages of closing a deal to take a significant minority stake in domestic digital payments platform Freecharge. The deal could see the sale of a 25% stake for around $200 million.