<article>Arcatron Mobility has raised funds from members of the Indian Angel Network, while Dunamis Ventures has invested in Fabogo. Also, DriveU has acquired Mumbai-based Zuver.</article>

Arcatron Mobility has raised funds from members of the Indian Angel Network, while Dunamis Ventures has invested in Fabogo. Also, DriveU has acquired Mumbai-based Zuver.
<h3>Indian Angel Network backs Arcatron Mobility</h3>
Medical equipment manufacturer Arcatron Mobility has raised an undisclosed amount of funding led by  Sudhir Mehta, Harish Mehta and Ketan Dalal from the <a style="color: #000080;" href="http://dealstreetasia.com/tag/indian-angel-network" target="_blank" rel="noopener noreferrer">Indian Angel Network</a>.
Founded in 2015, the Pune-based startup plans to use this latest funding for the production launch of its self-driven shower and commode wheelchair Frido. The funds will also be utilised to set up online and offline sales channels across major cities in India and filing of IP for future products like the Frido Lite, according to an official statement,
Angel investor Sudhir Mehta is also the Managing Director of commercial vehicle and Interiors Company Pinnacle Industries.
“We have entered into a manufacturing partnership with Pinnacle Industries on favorable terms. This allows Arcatron to have access to a high-tech manufacturing facility with near zero fixed cost. This will also help us to stay asset light and focus on our core offerings i.e. R&amp;D, Marketing and Sales,” said Ganesh Sonawane, Co-Founder &amp; CEO, Arcatron Mobility.
<h3>DriveU acquires Zuver in an all-equity deal</h3>
On-demand driver aggregator <a style="color: #000080;" href="http://dealstreetasia.com/tag/driveu" target="_blank" rel="noopener noreferrer">DriveU</a> has acquired Mumbai-based <a style="color: #000080;" href="http://dealstreetasia.com/tag/zuver" target="_blank" rel="noopener noreferrer">Zuver</a>, an on-demand driver service provider that primarily caters to the business segment, in an all-equity deal.
Subsequent to the acquisition, Zuver founders Sovin Hegde and Sidhanth Mally, will join DriveU to focus on driver aggregation for the car rental/lease and service station verticals of the business, according to a company release.
“Zuver has been very successful with car dealerships, service stations and car rental/leasing companies in Mumbai, Pune and Bengaluru. Increasingly, businesses are demanding a national footprint for their on-demand driver needs. With this acquisition, DriveU will leverage Zuver’s strong suite to cater to customers across major metros that we operate in today,” said Ashok Shastry, Co-founder and COO at DriveU.
DriveU recently also acquired Chennai-based <a style="color: #000080;" href="http://driverskart" target="_blank" rel="noopener noreferrer">DriversKart</a> for an undisclosed amount.
<h3>Fabogo raises $2.25m funding from Dunamis Ventures</h3>
Online spa and salon aggregator Fabogo, formerly known as <a style="color: #000080;" href="http://dealstreetasia.com/tag/mazkara" target="_blank" rel="noopener noreferrer">Mazkara</a>, has raised $2.25 million funding from Dubai-based early-stage investors <a style="color: #000080;" href="http://dealstreetasia.com/tag/dunamis-ventures" target="_blank" rel="noopener noreferrer">Dunamis Ventures</a>.
The UAE-based company plans to use this latest funding to strengthen technology, increase user base, and for geographical expansion.
Founded in March 2015, it had earlier secured an angel funding of $500,000 in May 2015 and $1 million in January 2016 as angel investment from PE Investors in Dubai.
Fabogo had first launched its operations in Dubai in May 2015 and entered India in August 2015, starting with Pune. Last year, the company Fabogo expanded to Abu Dhabi and Mumbai, and has also launched services in Sharjah.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/?s=fabogo" target="_blank" rel="noopener noreferrer">Beauty portal Mazkara raises $1m from Dunamis Ventures for India foray</a>

Arcatron Mobility has raised funds from members of IAN, while Dunamis Ventures has invested in Fabogo. Also, DriveU has acquired Mumbai-based Zuver.

India Dealbook: Arcatron Mobility, Fabogo raise funds; DriveU acquires Zuver

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India Dealbook: Arcatron Mobility, Fabogo raise funds; DriveU acquires Zuver

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