<article><p>Oman India Joint Investment Fund is investing $15 million in Divgi TorqTransfer Systems, while Locus, ClearDekho and DigiConnectt have raised funding.</p></article>

<p>Oman India Joint Investment Fund is investing $15 million in Divgi TorqTransfer Systems, while Locus, ClearDekho and DigiConnectt have raised funding.</p>
<h3>Oman India Joint Investment Fund invests $15m in Divgi TorqTransfer</h3>
<p>Private equity firm Oman India Joint Investment Fund (OIJIF), a joint venture between Oman’s State General Reserve Fund and <strong><a href="http://dealstreetasia.com/tag/sbi" target="_blank" rel="noopener">State Bank of India</a></strong>, has invested Rs 100 crore ($15 million) in Divgi TorqTransfer Systems. According to <a href="https://economictimes.indiatimes.com/industry/auto/oman-india-fund-invests-rs-100-crore-in-divgi-torq/articleshow/64440879.cms" target="_blank" rel="noopener"><strong>a report</strong> </a>in The Economic Times, the funds will help the Pune-based automobile component maker to fuel its capacity expansion and diversification into new product categories.</p>
<h3>Logistics tech startup Locus raises $4m in pre-Series B round</h3>
<p>Logistics management platform <strong><a href="http://dealstreetasia.com/tag/locus" target="_blank" rel="noopener">Locus</a></strong> has raised $4 million from Rocketship.vc, Recruit Strategic Partners, pi Ventures and Hemendra Kothari of DSP Group. The pre-Series B round also saw participation from existing investors Blume Ventures, Exfinity Venture Partners, BeeNext and growX Ventures. The company plans to use the funds to its build IP and for global expansion. In May 2016, Locus raised $2.75 million in Series A funding led by Exfinity Venture Partners and joined by Blume, BEENEXT and Rajesh Ranavat, managing director, Fung Capital.</p>
<h3>Budget eyewear brand ClearDekho gets $298k funding</h3>
<p>Budget eyewear brand ClearDekho has received Rs 2 crore ($298,000) in a pre-Series A investment round facilitated by <strong><a href="http://dealstreetasia.com/tag/venture-catalysts" target="_blank" rel="noopener">Venture Catalysts</a></strong>. According to an official statement, several institutional and individual investors also participated in the round, including Samyakth Capital, Windrose Capital, Gagan Gupta, Krishnan Akhileswaran of Apollo Hospitals, Dhianu Das of Alfa Ventures, Gaurav Singhvi of Financial Supermarket, among others. The company plans to expand its product portfolio and launch private labels.</p>
<h3>Analytics startup DigiConnectt raises $125k in seed funding</h3>
<p>Bengaluru-based analytics and artificial intelligence startup DigiConnecttTechnologys Pvt. Ltd. has raised $125,000 in seed funding from US-based transport management solutions leader Aspire Logistics LLC. The company plans to use the funding for technology advancement and to strengthen its product line-up, it said in a statement.</p>
<h3>Whirlpool India to acquire 49% stake in Elica PB India for $27m</h3>
<p><strong><a href="http://dealstreetasia.com/tag/whirlpool" target="_blank" rel="noopener">Whirlpool India</a></strong> is acquiring 49 per cent in kitchen hood and cooking equipment maker Elica PB India for Rs 180 crore ($27 million) in an all-cash deal, according to a filing to the stock exchanges. According to Whirlpool, the move is in line with the strategic priority of the company to expand the cooking and built-in appliance portfolio. As part of the joint venture, Elica PB India will manufacture and distribute cooking and built-in appliances under the Whirlpool brand in India, it said. The transaction is scheduled to be completed in the second half of 2018.</p>
<p><strong>Also Read:</strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-dealbook-fyre-tagbox-bharati-robotics-locus-funding-84941/" target="_blank" rel="noopener">Logictics management startup Locus gets funding from Recruit Holdings</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/whirlpool-to-sell-embraco-compressor-business-to-japans-nidec-for-1-08m-96746/" target="_blank" rel="noopener">Whirlpool to sell Embraco compressor business to Japan’s Nidec for $1.08b</a></strong></span></p>


Whirlpool India is acquiring 49 per cent stake in Elica PB India, while Oman India Joint Investment Fund is investing $15 million in Divgi TorqTransfer Systems. Also, startups Locus, ClearDekho and DigiConnectt have raised funding.

India Digest: Divgi, Locus, ClearDekho, DigiConnectt raise funds; Whirpool in M&A

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India Digest: Divgi, Locus, ClearDekho, DigiConnectt raise funds; Whirpool in M&A

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