<article>Hyderabad-based Danlaw Technologies has acquired Titan Time Products Ltd from Titan Company Ltd while data science company Elucidata Corporation has raised $1.7 million in seed funding.</article>

Hyderabad-based Danlaw Technologies has acquired Titan Time Products Ltd from Titan Company Ltd while data science company Elucidata Corporation has raised $1.7 million in seed funding.
<h3>Danlaw Tech acquires Titan Time Products for $2.7m</h3>
Hyderabad-based Danlaw Technologies India Ltd has acquired 100 per cent stake in Titan Time Products Ltd, a subsidiary of <a href="http://dealstreetasia.com/tag/titan" target="_blank" rel="noopener">Titan Company Ltd</a>, for Rs 18.5 crore, in an all-cash deal.
Titan Time will become a a wholly-owned subsidiary of Danlaw Technologies, according to a filing to the stock exchanges.
In its statement, Danlaw said the acquisition will help &#8220;towards backward integration of having a manufacturing base for our own designed products and consequent strengthening of our offering to customers.&#8221;
Danlaw Technologies is engaged in the business of providing automotive engineering services, developing software products, software services and security solutions.
<h3>Data science startup Elucidata raises $1.7m seed funding</h3>
India and US-based data science company Elucidata Corporation has raised $1.7 million in seed funding led by Hyperplane Venture Capital. The funding round also saw participation of various prominent angel investors, according to a company statement.
Founded in 2015 by IIT Mumbai graduate Abhishek Jha and IIT Delhi alumnus Swetabh Pathak, Elucidata is focused on developing tools and software solutions for drug discovery.
The company has been bootstrapped to date and while it has already achieved profitability, it plans to use the seed funding to expand its Cambridge team, add to its operations in New Delhi.
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While Hyderabad-based Danlaw Technologies has acquired Titan Time Products Ltd from Titan Company Ltd, data science company Elucidata Corporation has raised $1.7 million in seed funding.

India Dealbook: Danlaw buys Titan unit; Elucidata raises $1.7m seed funding

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India Dealbook: Danlaw buys Titan unit; Elucidata raises $1.7m seed funding

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