India Dealbook: IndiaLends gets $1m from DGS Partners, others; iStreet shareholders reject plan to shift e-commerce biz to arm

Financial technology startup IndiaLends has raised $1 million in bridge round from its existing investors including DSG Consumer Partners and other angel investors. In a separate development, iStreet Network’s shareholders have dissented to the postal ballot resolution for the transfer of internet retailing business ‘iStreet Bazaar’ to its wholly-owned subsidiary iStreet Bazaar Pvt Ltd.