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Gaja Capital strikes third deal from new fund; Looks to end 2016 on a high

September 1, 2016

Private equity firm Gaja Capital has invested INR 30 crore in small finance bank licensee Suryoday Micro Finance, marking its third investment from its latest fund. The transaction follows investments made by the Mumbai-headquartered mid-market investor in frozen bakery and confectionery producer and supplier Bakers Circle, and in sports and fitness education venture SportzVillage, from its third fund – $240 million Gaja III

Read more - http://economictimes.indiatimes.com/small-biz/money/gaja-capital-strikes-third-deal-from-new-fund-looks-to-end-2016-on-a-high/articleshow/53956378.cms

Mountain Capital to invest in Paytm

September 1, 2016

Mobile payments firm Paytm announced that Mountain Capital will make an investment in the company, which will allow the consumer brand of One97 Communications to accelerate and a develop vibrant mobile ecosystem. The funding will be utilized for expansion and scaling up, boosting payments and commerce and building and launching the proposed Paytm Payments Bank.

Read more - http://www.livemint.com/Companies/nehz61x6mR3Y7owOfXMZjJ/Mountain-Capital-to-invest-in-Paytm.html

Casino & hotel operator to buy online gaming startup adda52 for $27 Million

September 1, 2016

Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52 in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million). Post the first leg of the transaction, which is expected to be completed by June 30, 2017, Gaussian Networks shall be merged with Delta Corp. Delta Corp shall not create any treasury stock but will issue its own shares to equity holders of Gaussian.

Read more - http://techcircle.vccircle.com/2016/08/31/casino-hotel-operator-to-buy-online-gaming-startup-adda52-for-27-mn/

AI startup Mad Street raises funding from Sequoia, existing investors

September 1, 2016

Artificial intelligence start-up Mad Street Den Systems Pvt Ltd has raised an undisclosed amount in a Series A funding round from Sequoia Capital and its existing investors Exfinity Venture Partners LLP and GrowX Venture Management Pvt Ltd. The funding will be utilized to expand further into global markets. The company aims at strengthening its personalisation platform to improve its understanding of style preferences of consumers, which will in turn help brands.

Read more - http://www.dealstreetasia.com/stories/mad-street-den-systems-raises-funds-from-sequoia-capital-existing-investors-52173/

Indore-based startup EngineerBabu raises INR 1 crore from Scale Ventures

September 1, 2016

Indore-based startup EngineerBabu has raised INR 1 crore from Scale Ventures. The company, which is into IT services including developing websites and mobile-based applications, plans to use the funds to turn into a business-to-business marketplace for IT services and help connect international companies with local IT service providers.

Read more - http://economictimes.indiatimes.com/articleshow/53941209.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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