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UrbanClap acquires hyperlocal app GoodService

August 15, 2016

Hyperlocal startup Urban Clap has acquired Delhi-based concierge start-up GoodService. It is currently working on merging the operations. The acquisition is an all-cash deal.

Read more - http://www.business-standard.com/article/companies/urbanclap-acquires-hyperlocal-app-goodservice-116081101153_1.html

Qatar Investment Authority may back community workspace startup CoWrks

August 15, 2016

CoWrks, a community workspace venture, is likely to have raised an undisclosed amount of funds from Qatar Investment Authority. CoWrks, which will start operations soon, has been founded by Sidharth Menda of Bengaluru-headquartered RMZ Corp. The Menda family , owners of RMZ, one of the country’s top four commercial property developers, has made initial investments to kick-start CoWrks, which will have 10 locations across Bengaluru, Mumbai, Gurgaon and Chennai by March next year.

Read more - http://www.dealstreetasia.com/stories/india-digest-59-50477/

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

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