Doctor Insta Pvt Ltd, which provides healthcare consultation through video conferencing, has received over $1 million from US-based venture capital firm RoundGlass Partners. The funding will be utilized for marketing two new concepts—Health ATM and Insta Wall. The startup is planning to spend around INR 20 crore on these two concepts over the next 18 months.
Anil Ambani-led Reliance Communications has agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than INR 65,000 crore. In the largest consolidation in the country’s telecom sector, RCom and Aircel’s majority owner, Malaysia’s Maxis Communications Berhad (MCB), announced signing of definitive documents for the merger of their Indian wireless businesses. RCom and Aircel will hold 50 per cent each in the new company. The board of the new company will have equal representation from the two sides.
SHEROES, the career portal for women owned and operated by Delhi-based Applied Life Pvt Ltd, acquired an online counselling platform, LoveDoctor for an undisclosed amount. SHEROES already offers mentoring and career helpline support to its community and this (purchase of LoveDoctor.in) will integrate with those efforts.
Employee engagement platform inFeedo raised an undisclosed amount of funding, led by Dheeraj Jain, managing partner Redcliffe Capital, a UK-based hedge fund. The funding will be utilized for international expansion, invest in technology and human resource.
Kerala-based ConceptOwl, an education technology (ed-tech) start-up founded is looking to raise up to INR100 crore from private equity investors to set up coaching centres across the country. ConceptOwl is a technology-driven IIT-JEE coaching platform. The start-up’s mobile and web app deliver personalized coaching and data-driven analytics.