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Online travel portals MakeMyTrip and ibibo announce merger

October 19, 2016

Makemytrip and Ibibo have agreed to merge in a stock transaction, representing the coming together of India’s largest travel booking portals and presaging what many believe is an impending consolidation in the country’s consumer internet sector. The transaction estimated it at about $1.8-$2 billion.

Read more - http://economictimes.indiatimes.com/articleshow/54921415.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

TVS Capital’s Gopal Srinivasan, others invest in International Money Matters

October 19, 2016

TVS Capital’s chairman Gopal Srinivasan and financial services industry veteran Narayan Seshadri have picked a majority stake in International Money Matters Pvt Ltd (IMMPL), a Securities and Exchange Board of India (SEBI)-registered financial planning and investment adviser with assets under management of around INR 850 Crore.

Read more - http://www.vccircle.com/news/finance/2016/10/18/tvs-capital-s-gopal-srinivasan-others-invest-international-money-matters

General Catalyst Partners invests $2.5 Million in solar marketplace MYSUN

October 19, 2016

Delhi-based solar marketplace MYSUN, run by Eastern Light and Power Pvt Ltd, has raised funding from General Catalyst Partners, a US-based venture capital firm focused on early stage and growth investments. The funding will be utilized to scale up faster and invest in technology and infrastructure.

Read more - http://www.vccircle.com/news/technology/2016/10/18/general-catalyst-partners-invests-25-mn-solar-marketplace-mysun

Former Zensar Tech chairman Ganesh Natarajan invests in Studio Coppre

October 18, 2016

Ganesh Natarajan, former chief executive officer of Zensar Technologies Ltd and chairman of Nasscom Foundation, has invested an undisclosed amount in Studio Coppre, an online retailer and manufacturer of handcrafted copper artwork. The funding will be utilized for design enhancements and low-cost automation for development and quality assurance.

Read more - http://www.vccircle.com/news/technology/2016/10/18/former-zensar-tech-chairman-ganesh-natarajan-invests-studio-coppre

BabyChakra raises funding from Seattle-based RoundGlass Partners

October 18, 2016

BabyChakra, which connects parents to services and products for babies, has raised an undisclosed amount of funding in its Series A round from RoundGlass Partners, a Seattle-based investor. The funding will be utilized for product development, hiring and creating localized content.

Read more - http://www.vccircle.com/news/technology/2016/10/18/seattle-based-roundglass-invests-parenting-platform-babychakra

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