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US firm FullContact acquires Kochi-based start-up Profoundis

August 23, 2016

FullContact, a US-based contact management platform for professionals and enterprises, has acquired Profoundis, which is based at Infosys’ co-founder Kris Gopalakrishnan-backed Startup Village in Kochi, Kerala. Profoundis provides technology-enabled human verified data research platforms. FullContact’s purchase of Profoundis follows $25 million in new funding, which the company will use to accelerate its growth, recruit global talent and fund further acquisitions.

Read more - http://www.business-standard.com/article/companies/us-firm-fullcontact-acquires-kochi-based-start-up-profoundis-116082300355_1.html

Kishore Biyani’s Future Group in talks with Aditya Birla Retail to buy or merge business

August 23, 2016

Kishore Biyani-led Future Group is in early discussions with Aditya Birla Retail (ABRL) to buy or merge the latter’s More supermarket business to consolidate its leadership in the brick-and-mortar retail sector and to build a large network of stores that could be leveraged in alliance with ecommerce companies for multi-channel sale of food and groceries.

Read more - http://economictimes.indiatimes.com/articleshow/53817795.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Global P2P student notes exchange marketplace Notesgen crosses 400k users, raises funding

August 23, 2016

New Delhi based edtech platform Notesgen has recently raised $100K angel funding from Riju Gupta, CEO of JuiceUp and other angel investors (Kamal Chhabra). Launched in November 2014 th global peer-to-peer student notes exchange marketplace has active users in 118 countries.

Read more - https://inc42.com/flash-feed/notesgen-funding/

Artificial intelligence startup Octo.ai raises $200k from Outbox, others

August 23, 2016

Delhi-based artificial intelligence start-up Octoai has raised $200,000 from early stage investor Outbox Ventures, Rahul Khanna, managing partner of venture debt fund Trifecta Capital and Jaspreet Bindra, head of e-commerce at Mahindra & Mahindra. The funding will be utilized to enhance technology.

Read more - http://www.dealstreetasia.com/stories/artificial-intelligence-start-up-octo-ai-raises-200000-51366/

China consortium buys ad-tech venture Media.net for $900 million

August 23, 2016

A consortium of Chinese investors has acquired ad-tech venture Medianet for about $900 million in a rare reverse merger deal being touted as the largest in the sector. Media.net develops products for advertisers as well as publishers, providing them with an entire suite of services, including creating, targeting and evaluating advertising campaigns, as well as connecting publishers through their Yahoo-Bing network.

Read more - http://economictimes.indiatimes.com/articleshow/53818452.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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