Delhi-based B2C vernacular podcast aggregator platform Funcastic has raised seed funding from a startup accelerator launched by HT Media Ltd and US-based investment firm North Base Media. The funding will be utilized for technology development and product marketing.
Fashion retailer YepMe planning to hive off the software unit into a separate entity is in talks with investors to raise $15-20 million for that entity, which it targets to be a large business ensuring high margins. It plans to open 400 stores by the end of this financial year in keeping with the omnichannel strategy followed by most e-tailers to ramp up sales.
Pune-based hyperlocal delivery startup Tokri has raised a pre-Series A round of funding from Syska LED group. The firm has raised $2.5 million (around Rs 16.7 crore), with a commitment from Syska to put in more money. The funding will be utilized to upgrade technology in a bid to improve the customer experience and set up warehouses in Pune and other cities. A part of the money will also go into brand building and marketing.
Manak Waste Management Pvt. Ltd, a Gurgaon-based online seller of used electronic goods that operates as Cashify, has acquired Bengaluru-based MobiBing (Innowhiz Online Services Pvt Ltd.) in a cash and stock deal whose value wasn’t specified. Cashify, formerly known as ReGlobe, aims to increase and strengthen its presence in south India. The acquihire will help Cashify access more users and build a stronger network in the region.
Ecommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo focused on Bollywood fashion and trends, is in talks with three leading private equity players to raise $5-6 million. The funding will be utilized to expand from apparels business to Bollywood locations tourism.