India Dealbook: Prodigal Tech, Magiclane raise funds; CarDekho acqui-hires Carbiqi

Magiclane, which operates conversational AI platform Verloop, has raised $3 million in a Series A round led by IDFC Parampara Fund, while Prodigal Technologies, which provides software that helps lenders improve servicing and collections, has raised seed funding from Y Combinator. On the M&A front, CarDekho has reportedly acqui-hired used cars platform Carbiqi.