From fund-raising to acquisitions to hitting new records - it’s all happening in the Indian start-up ecosystem.
One, Wiwigo.com, an inter-city taxi service provider has raised Rs 4 crore from Indian angel network and two high net worth individuals. Wiwigo will use the money to expand operations to over 100 plus cities by the end of the year.
Two, Truckola has raised Rs 4 crore in an angel round led by Abhishek Agarwal of Fortune Interfinance. This less-than-one-year old technology-focused cargo transport company said it would use the funds to upgrade its tech infrastructure.
Three, Mumbai based marketing analytics firm Hansa Customer Equity or Hansa Cequity, as it is being called has acquired a majority stake in data-science company D-Square Solutions. However, there are no details on numbers, but Hansa says D-Square will remain a separate entity.
Four, Noida-based home rental startup Lifepad has been acquired by Fella Homes in an all-cash deal. After the deal is done, Lifepads 10-member team will join Fella Homes. However, that does not include the co-founders Piyush Bhartiya and Rachit Agrawal, who are busy looking for fresh business ideas.
Lastly, although not a start-up news, the online music platform Saavn has been swept away by the Kabali storm. The film's music album has hit a new streaming record – it has been downloaded or streamed 3 million times in just a month between June 12 and July 12. That makes Kabali the highest-streamed Tamil album in its month of release.