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Last Updated : Sep 28, 2016 10:05 PM IST | Source: CNBC-TV18

Young Turks: All that's brewing in startup space

CNBC-TV18's Young Turks startup deal tracker series runs through all that's buzzing in the startup space and here's what is happening.


CNBC-TV18's Young Turks startup deal tracker series runs through all that's buzzing in the startup space and here's what is happening.


Early stage venture capital firm YourNest has announced the launch of its second fund with a corpus of Rs 300 crore. The YourNest India Fund II will focus on pre-Series A funding in 25-30 technology startups with globally-focussed B2B and B2C models over the next 3-4 years.


Zomato seems to be back in the acquisition game. Having acquired Sparse Labs, two-year-old logistics-tech startup will help Zomato deliver tracking for restaurant-owned fleets as well. Sparse Labs will be renamed as Zomato Trace, and will roll out the service free of cost to its restaurant partners very soon.


Canvs.in an online community of designers and artists, has received an undisclosed investment from Pratik Seal, former CMO at Housing.com. Prior to this, Canvs had received an investment of about INR 1 Cr from multiple HNIs.


NIIT has acquired Bengaluru based startup Perceptron Learning Solutions. The acquisition accelerates NIITs digital transformation initiatives - StackRoute, digiNxt, and Training.com. Perceptrons acquisition builds on NIITs strategic focus for a leadership role in the digital learning world.

Noida based Fintech Company InMotion Media Ventures has received an undisclosed amount in Pre-Series A round of funding, led by online pharmacy 1mgs founders Prashant Tandon and Gaurav Agarwal. The round is not yet closed and InMotion is looking to raise a total of Rs 1.5 Cr from other investors. The money will be used for product development and expansion of its network and operations to Tier II and Tier III cities in north India.

First Published on Sep 28, 2016 09:46 pm
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