Gurgaon-based gaming platform startup Nova Gaming Ventures is in talks with multiple investors to raise $5 million to fund its expansion plans. The company, which had launched its gaming platform NovaPlay in April this year, is now looking to expand into mobile gaming space.
Arvind Internet, the online arm of the textile manufacturer and flagship company Arvind Ltd has acquired private label ecommerce company Freecultr. The core team and founding members were expected to join Arvind as the part of the deal.
Voonik Technologies Pvt Ltd, which operates the fashion app Voonik has acquired styling and personalization app Dekkoh for an undisclosed amount. Dekkoh connects over 200 stylists to consumers seeking fashion advice. It was designed as a fashion discovery platform that allows users to chat with a stylist and buy clothing and accessories that suit them.
Ethnic retailer Fabindia’s MD William Bissell has invested an undisclosed amount in online fast fashion brand StalkBuyLove. This is an extension of the e-tailer’s last round of funding when it had raised about $1.5 million from Silicon Valley incubator 500 Startups and German venture fund Littlerock earlier this year. The funding will be utilized to spur growth and improve supply chain, fulfillment network and hire fresh talent in design team.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani anounced that the company is setting up a INR 5,000 crore fund—Jio Digital India Startup Fund—to invest in digital businesses. The corpus will be invested over the next five years. The company will also be setting up entrepreneurship hubs in key cities and towns.