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TerraPay acquires UK’s Pay2Global

August 30, 2016

TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).

Read more - http://economictimes.indiatimes.com/articleshow/53909493.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MediaTek invests INR 400 crore in One97

August 30, 2016

Taiwanese semiconductor maker MediaTek will invest INR 400 crore ($60 million) or about a fifth of the capital being infused into India’s One97 Communications, which runs mobile payment and ecommerce platform Paytm. The deal, which was ratified by the board of directors of Noida-based company on Monday, will see valuation of the company more than double to over $4.8 billion


Read more - http://economictimes.indiatimes.com/articleshow/53921046.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Facility management and home services startup SBricks acquires home services aggregator HomeCues

August 30, 2016

Facility management and home services startup SBricks has acquired home services aggregator HomeCues for more than $1 million. While HomeCues will be a subsidiary company of SBricks, it will continue to operate under its original name and the two companies will split their focus into business-to-consumer and business-to-business sectors respectively.

Read more - http://economictimes.indiatimes.com/articleshow/53921155.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Home design startup Livspace raises $15 Million from Bessemer, others

August 30, 2016

Design and furniture start-up Livspace, owned by Home Interior Designs E-commerce Pvt Ltd, has raised INR 100 crore from existing investors Bessemer Venture Partners, Hellion Venture partners and Jungle Ventures. The funding will be utilized to expand operational footprint, set up new Livspace design studios, expand the design automation platform and optimise the backend technology.

Read more - http://www.vccircle.com/news/technology/2016/08/29/home-design-startup-livspace-raises-15-mn-bessemer-others

Blume, Nexus lead $7 Million funding in Runnr after TinyOwl acquisition

August 29, 2016

Food delivery platform Runnr has raised $7 million (Rs 47 crore) from existing investors Blume Ventures and Nexus Venture Partners. Runnr was formed after on-demand logistics startup Roadrunnr acquired troubled food ordering startup TinyOwl in June.

Read more - http://www.vccircle.com/news/technology/2016/08/29/blume-nexus-lead-7-mn-funding-runnr-after-tinyowl-acquisition

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