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Xiaomi eyes Indian mobile technology startups for investments, tie-ups

August 15, 2016

Smart devices maker Xiaomi Inc is scouting the Indian market to invest in mobile technology start-ups and to forge partnerships with local content creators as part of its strategy to build an ecosystem around its products in the country. The Chinese firm sells smartphones, tablets, fitness bands, power banks and Bluetooth speakers in India. It has plans to introduce its brand of air purifiers and smart television sets in India.

Read more - http://www.dealstreetasia.com/stories/xiaomi-eyes-indian-mobile-technology-start-ups-for-investments-tie-ups-50528/

Myntra buys 51% in Hrithik Roshan’s lifestyle brand HRX

August 15, 2016

Myntra, the online fashion store owned by Flipkart, acquired a 51% stake in HRX, the lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. Flipkart has also committed further investment in the brand for expansion in categories like inner ware and men’s grooming

Read more - http://economictimes.indiatimes.com/articleshow/53669564.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Crofarm raises $1.5 million in seed round

August 15, 2016

Agritech venture Crofarm has raised seed funding from Mukul Singhal and Rohit Jain, former principals at SAIF Partners, who have backed the company which aims to create a supply chain which links farmers with businesses. The startup  plans to establish presence in tier-2 markets and hope to operate in 10 cities over the next year.

Read more - http://economictimes.indiatimes.com/articleshow/53653308.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Big Data Analytics Startup Cuberoot Technologies Raises $500K Funding

August 15, 2016

Gurgaon-based Cuberoot Technologies, a data-driven technology company, has raised nearly $500K from undisclosed investors. The funding will be utilized to expand business across the country. The money will further be used for scaling up growth parameters such as expansion of the technology team, enhancing product technology, investing in better infrastructure and strategic acquisitions, etc.

Read more - https://inc42.com/flash-feed/cuberoot-500k-funding/

Online lingerie brand Buttercups Intimates raises pre-series A round

August 15, 2016

Online lingerie brand Buttercups Intimates Pvt Ltd  has raised a pre-series A funding from online marketplace Snapdeal’s former chief product officer Anand Chandrasekaran, and its existing angel investors Kanwaljit Singh and Manoj Varghese. The funding will be utilized to expand the product range.

Read more - http://www.dealstreetasia.com/stories/buttercups-intimates-raises-funds-in-pre-series-a-round-50572/

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