Online classifieds portal Quikr India Pvt Ltd has acquired on-demand home beauty service provider StayGlad (Glow Prime Technologies Pvt Ltd) for an undisclosed amount, after StayGlad failed to attract new investors, consequently running out of cash. The deal with Quikr, mostly in stock, has valued the company at less than INR 50 crore.
Calcutta Angels Network (CAN) has picked up a 10% stake in a Kolkata-based online study platform Zeroinfy for an undisclosed amount. The funding will be utilized expand team as well as further enhance technology. Part of the money will be used to acquire customer and faculty.
Naspers-owned online payments service provider PayU has agreed to buy smaller Mumbai based rival Citrus Pay for $130 million (Rs 865 crore). The agreement enables PayU to quickly bring additional innovative financial services to market for its business and consumer customers
Gurgaon-based deals and discounts site Nearbuy has raised venture debt of Rs 15 crore from non-banking financial company BlackSoil Capital Pvt Ltd. The funding will be utilized for customer and merchant technology.
Peer-to-peer social learning platform, KarmaCircles has received seed funding from angel investors including Harinder Takhar, Zain Raj, Dr Prasad Kaipa, Abaran Deep, Aseem Sood and Mustafa Patni. While the amount raised was not disclosed, the funding was done at a valuation of $3 million. The funding will be utilized to increase user engagement and to roll out the enterprise version of the app.