India Dealbook: Spoyl acqui-hires Revamp My Closet, RenewBuy raise funds

Posted by & filed under Startup Asia

Spoyl has acqui-hired online store Revamp My Closet while auto insurance startup RenewBuy and Bangalore-based Tapchief have raised funding. Spoyl has acqui-hired online store Revamp My Closet Spoyl, a mobile-only community marketplace where women can unlock the value in their closets and build their dream closet economically, has acqui-hired Revamp… Read more »

India: Lighthouse Funds-backed Cera Sanitaryware forms JV with Anjani Tiles for $11m project

Posted by & filed under Deals & Investment

Gujarat-based sanitary products making company Cera Sanitaryware Ltd has entered into a joint venture agreement with Anjani Tiles Ltd for setting up a tiles manufacturing plant requiring an investment of $10.5 million in Andhra Pradesh, according to a stock market disclosure. The project, which will start in April 2016, will… Read more »

India: Fashion marketplace Coutloot buys local rival Once Again Store

Posted by & filed under Startup Asia

Coutloot (MJVS Fashion Services Pvt. Ltd), an online platform that sells pre-owned fashion, has acquired Bangalore-based competitor Once Again Store (Stororo Services Pvt. Ltd) for an undisclosed amount in an all-stock deal, said a senior company executive, signalling early consolidation in a sector that has spawned success stories such as… Read more »

India Dealbook: YatraGenie raises Series A round; Fashion startup Zapyle bags $1m; Star Health Insurance eyes $60m via PE route

Posted by & filed under Deals & Investment

The Indian consumer sector is coming of age with as many as 15-20 million internet users transacting online. As a result, India’s vibrant e-commerce startup space is witnessing a huge traction as far as funding is concerned. Bus and cab ticket booking platform YatraGenie has raised fresh funds to expand its… Read more »

India: Times Internet-owned TLabs announces eight startups for ‘Fall 2015’ accelerator programme

Posted by & filed under Startup Asia

Times Internet-led startup TLabs, a startup accelerator and early stage seedfund, has announced its eight batch of start-ups that kicked-off in August this year, according to a statement. The new batch, consisting of eight start-ups, takes TLabs’ total portfolio size to 50 companies since its inception four years ago. “Most… Read more »