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SRI Capital invests $1.3 Million in Two SaaS Startups – Yellowdig & Zuppler

July 18, 2016

Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. The funding will be utilized by the startups to scale up and roll out their products in global markets.

Read more - http://www.indianweb2.com/2016/07/18/sri-capital-invests-1-3m-two-saas-startups-yellowdig-zuppler/

IFC to back early stage fund of funds Capria

July 18, 2016

International Finance Corporation (IFC), the private-sector lending arm of World Bank, is investing up to $1 million in global business accelerator Capria Ventures. Capria Accelerator Fund is targeting commitments worth $5 million to invest in early-stage local fund managers in Sub-Saharan Africa, South/South-East Asia and Latin America.

Read more - http://www.vccircle.com/news/alternative-investment/2016/07/18/ifc-back-early-stage-fund-funds-capria

Jewellery e-tailer BlueStone raises $30 Million from IIFL, Accel, others

July 18, 2016

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by IIFL and Accel Partners. The funding will be utilized for products and designs in addition to powering up marketing initiatives to strengthen the brand’s presence.

Read more - http://www.vccircle.com/news/technology/2016/07/18/jewellery-e-tailer-bluestone-raises-30-mn-iifl-accel-others

O2O platform Fashalot is raising $5m in fresh funding

July 18, 2016

Fashalot, an O2O (online-to-offline) location-based fashion and store discovery mobile platform, is in talks with venture capital firms to raise up to $5 million Series A funding. The funding will be utilized for technology scalability, product advancement, growth in the existing markets, opening new markets and team.

Read more - http://www.dealstreetasia.com/stories/47555-47555/

Dailyhunt picks up stake in OneIndia

July 18, 2016

News and ebooks mobile application Dailyhunt has picked up a minority stake for Rs 15 crore in OneIndia, the local news language portal owned by Rajesh Jain and BG Mahesh. The deal will help Dailyhunt, which focuses on local language users, generate multimedia content, especially short format video and audio, for its platform.

Read more - http://economictimes.indiatimes.com/articleshow/53257575.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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