From fund-raising to acquisitions to even bollywood backing start-ups, its all happening in the indian start-up ecosystem. In this episode of Young Turks Startup Tracker CNBC-TV18 brings you up to speed on the action.
LendingKart group, a fintech startup has acquired Bengaluru based e-lending marketplace, Kountmoney. The move will not only enable Lendingkart to boost its technology and data analytics capabilities but will also help to broaden its service portfolio and develop efficient and consumer centric product offerings.
Ronnie Screwvalas Edtech platform UpGrad has acquired Delhi based SaaS platform Pyoopil Education Technologies. The development comes in line with UpGrad’s plans to enter in the over USD 1 bn corporate training segment of India. Post the acquisition, Pyoopil will join UpGrad’s team and will continue to develop technology on its platform.
Our Young Turk BabyChakra, a parenting social discovery platform has raised an undisclosed amount of series a funding from Seattle-based VC fund RoundGlass partners. The startup will use the newly raised funds to invest in product development, strategic hires, and creating localised content.
App based discovery and transactions platform, YuMiGo has secured USD 300,000 in its first round of funding from businessman turned-angel investor, Hemant Sahni. The funds will be used to scale up the company’s travel website that caters to the needs of international travellers during their trips.
Boman Irani backs Rooter - social platform for sports fans rooter, a social platform that connects sports fans and engages them during live sporting events has raised an undisclosed amount of angel funding from actor Boman Irani. The funds will be used to strengthen the technology team at rooter as well as to create strategic partnerships with various sports platforms, teams, fan clubs and associations.