Matrix-backed video-sharing startup Clip acquires regional platform Clorik


The video-sharing company raised around $1 million in seed funding from India Quotient and Shunwei Capital last July. In December, it raised around $6 million in a Series A funding round led by Matrix Partners India, with participation from existing investors.

India: PremjiInvest infuses $58m in Gold Plus Glass Industry

Gold Plus said the investment from PremjiInvest will help it accelerate its expansion plans and boost its market share.

India: Flipkart injects $66m in payments arm PhonePe to take on rival Paytm

The commitment was in addition to the $75 million infused by Flipkart since it acquired PhonePe in April 2016.

India Digest: IIFL-Wealth Advisors in M&A; Ecap picks Techno stake; JSW Energy fundraise

The deal is expected to value Wealth Advisors at Rs 500 crore.

Flipkart aims to expand into new categories via SmartBuy

New businesses such as sports and fitness accessories, stationery and general merchandise will sport the SmartBuy brand, which was launched in 2016.

Singapore’s Vertex leads $4m round in mobile app management startup

Existing investors IDG Ventures India and Endiya Partners also participated in the round.

Singapore’s Temasek picks stake worth $225m in Ola in secondary deal: Report

Temasek is also in talks to invest more in Ola by subscribing to new shares.

Logistics startup Shadowfax raises $22m Series C round led by NGP Capital

Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures also joined the oversubscribed equity round.

India Digest: Dhoni backs Run Adam; JP Morgan, IIMA to launch financial inclusion lab; Carmesi, PivotRoots raise funds

Former Indian cricket team captain MS Dhoni has picked up a 25 per cent stake in sports tech startup Run Adam.

India: SoftBank-backed Ola launches UK operations to take on Uber globally

Ola has obtained licences to operate in South Wales and Greater Manchester, and it will also launch operations in South Wales within the next month.