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Classifieds portal Quikr India acquires on-demand beauty service StayGlad

September 14, 2016

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.

Read more - http://www.dealstreetasia.com/stories/53203-53203/

Calcutta Angels buys 10% stake in Zeroinfy

September 14, 2016

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.

Read more - http://economictimes.indiatimes.com/articleshow/54319166.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Naspers-owned PayU snaps up Citrus Pay for $130 million in one of the largest fintech deals in India

September 14, 2016

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

Read more - http://economictimes.indiatimes.com/articleshow/54321363.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BlackSoil Capital offers $2.2 Million in venture debt to deals site Nearbuy

September 14, 2016

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.

Read more - http://www.vccircle.com/news/technology/2016/09/13/blacksoil-capital-offers-22-mn-venture-debt-deals-site-nearbuy

KarmaCircles raises seeding funding at $3 Million valuation

September 13, 2016

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.

Read more - http://timesofindia.indiatimes.com/venture-capital/KarmaCircles-angel-funding/articleshow/54268992.cms

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