<article>Enterprise mobile software company Innovapptive has raised $1.5 million from Hyderabad Angels even as Thomas Cook has acquired Kuoni Group&#8217;s destination management business.</article>

Enterprise mobile software company Innovapptive has raised $1.5 million from Hyderabad Angels even as Thomas Cook has acquired Kuoni Group&#8217;s destination management business.
<h3 style="text-align: justify;">Innovapptive raises $1.5m funding from Hyderabad Angels</h3>
Innovapptive, an enterprise mobile software maker, has raised $1.5 million funding from <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Hyderabad+Angels" target="_blank" rel="noopener noreferrer">Hyderabad Angels</a>.
The startup will utilise the funds to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition, according to an Economic Times <a style="color: #000080;" href="https://www.pressreader.com/india/economic-times/20170502/281878708273029" target="_blank" rel="noopener noreferrer">article</a>.
US-based Innovapptive was founded in 2012 by Sundeep Ravande and Hari Kamineni. Innovapptive helps customers achieve instant mobilization through one of the world’s largest portfolios of mobile apps on SAP store, which can run both on native operating systems and SAP Fiori.
The company employs more than 15 people across its offices in India, Germany and US. It posted a 400 per cent revenue growth in the first year of 2017.
<h3 style="text-align: justify;">Thomas Cook acquires Kuoni Group’s destination management unit</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=thomas+cook" target="_blank" rel="noopener noreferrer">Thomas Cook (India) Ltd</a> &#8211; an integrated travel and travel related financial services company &#8211; has acquired <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Kuoni+Group" target="_blank" rel="noopener noreferrer">Kuoni Group&#8217;</a>s global network of destination management specialists, the company said in a stock market disclosure.
Its global management business is spread over 17 countries in Asia, Australia, the Middle East, Africa and the US.
“This acquisition is a strong reiteration that the Thomas Cook India Group continues to invest and grow its travel businesses globally with a view to creating strong value for its customers,&#8221; said Madhavan Menon, chairman and managing director, Thomas Cook India Group.
In 2015, Thomas Cook had acquired Kuoni&#8217;s travel and tour business in India and Hong Kong.
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Innovapptive has raised $1.5 million from Hyderabad Angels even as Thomas Cook has acquired Kuoni Group's destination management business.

India Dealbook: Innovapptive raises funding; Thomas Cook buys Kuoni's biz

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India Dealbook: Innovapptive raises funding; Thomas Cook buys Kuoni's biz

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