Ashna Ambre

India: NowFloats acquires chat messaging startup Lookup in a cash-equity deal

16 employees of the Lookup team will now be part of NowFloats with this acquisition

Language app ShareChat gets $1.35m from SAIF Partners, India Quotient

ShareChat is a social networking platform for vernacular language users, available in four Indian languages, namely Hindi, Marathi, Malayalam and Telugu.

India: Meru Cabs raises $25m from Brand Capital

The company is looking to raise an additional $75 million as part of its $100 million fund-raising plan. In the last round, in March 2015, it raised $50 million from existing investor India Value Fund.

India: Velvetcase raises up to $2m from Uniqorn Ventures Fund, others

The round was led Uniqorn Ventures Fund with participation from a group of angel investors like T.V. Mohandas Pai and S. Somasegar through Letsventure (a crowdsourcing platform). Existing investor The Chennai Angels also participated in the round.

Online fashion startup 6Degree raises $200K from Indian Angel Network

6Degree is looking to allocate the funds to enhance technology, expand reach and launch tech solutions for fashion events

India Digest: Bus aggregator Limo raises $1m, Jugnoo buys SubKuchFresh

Charter bus service provider Limo has raised $1 million from Rainmaker Ventures while on-demand auto-rickshaw platform Jugnoo has acquired SubKuchFresh to strengthen its grocery delivery service.

India: Housing aims at $10m in revenue this fiscal year is looking to touch $10 million in revenue in the current financial year with a monthly growth rate of 200%

India: Pianta raises seed money from Freecharge founders

Bengaluru-based SLX Logistics Pvt. Ltd that owns and operates Pianta, a market place for home healthcare services, has raised an undisclosed amount in seed funding from Kunal Shah and Sandeep Tandon, founders of Freecharge, an online recharge company that got acquired by Snapdeal. The company that was founded in 2015… Read more »

India: Helpchat shuts its chat business, lays off employees

The company has given three months’ severance package to employees who have been let go and is helping them find new jobs

India: TinyOwl shuts services in a few regions

The new brand will be launched in the next one month. Currently, the app is operating under the brand name of Tinyowl in a few areas in Mumbai, and over the next two to three months it will relaunch operations across Mumbai and Bengaluru under the new brand name.