ShopClues gets $100 million funding
ShopClues, a 3 year old e-commerce market place has raised funding of $100 million led by Tiger Global, along with participation from existing investors Helion Venture Partners and Nexus Venture Partners.
ShopClues is valued at $350 million and has so far raised over $115 million.
“We will be investing money in technology, marketing, and everything else that will enable more sellers to come on our platform,” said Radhika Aggarwal, co-founder and chief marketing officer at ShopClues.
Hopscotch raises $11 million from Facebook co-founder
Other investors who participated in this round include Rise Capital, Jabbar Internet Group, and existing investors LionRock Capital and Skype co-founder Tovio Annus.
The funds will be used to build operational capacity and technology, which would expand its product and service offering.
As a part of the deal Samrat Ganguly, co-founder and Managing Partner of Velos Partners will also join the board.
Twitter acquires Indian startup ZipDial
ZipDial which was co-founded by Valerie Wagoner, Amiya Pathak, and Sanjay Swamy got its share of importance when it launched its services like missed calls, prepaid recharge, usage of mobile data, and others.
ZipDial is Twitter’s first acquisition in India.
Premji invests in Amagi Media Labs
Amagi Media Labs, an advertising network has raised $15 million from Premji Invest, the family investment office of Wipro’s chairman Azim Premji and existing investor Mayfield. However, the size of the investment has not been confirmed from the investors.
Atul Gupta, Principal in Premji Invest, has been appointed as an additional director on Amagi’s board.
Initially Amagi was incubated in NSRCEL at IIM-Bangalore and has previously raised $12 million from Nadathur Investments and Mayfield Fund.
The funds will be used for expanding its geo-targeting network including addition of new channels to its bouquet. Amagi had recently opened an office in Japan and intends to use these funds to set up local offices in UK, Singapore and the US to expand the client base for its broadcast technology platform.
Startup firm My Dream Store gets Rs 2 crore funding
My Dream Store, a custom merchandise has raised Rs 2 crore funding from a local infra player to scale up its business. The fund will be used to develop technology platform, marketing activities, and acquiring new customers.
“The main idea is that people who want customized merchandise do not have to bother about the manufacturing and logistics part as we take care of the entire process. One has to just give us an idea and we take it forward from there. Through this platform we are enabling budding artists, designers, social organizations to raise money via selling merchandise like tee-shirts, photographs,” said Karthik Venkat, co-founder of My Dream Store.
Airtel partners with Nokia to build 4G network
Bharti Airtel has partnered with Nokia and signed a deal of $200-million (appx Rs 1,240-crore) to build 4G network in the 1800 MHz band in six telecom circles which are Mumbai, MP, West Bengal, Odisha, Punjab, and Kerala.
Airtel’s 4G network in the 1,800 MHz band will use the FDD-LTE technology which is accepted globally. 4G network provides fastest wireless internet connectivity with download speeds of up to 40 Mbps and upload speeds of up to 20 Mbps.
At present 4G network in India runs on 2,300 MHz band and uses TDD-LTE technology. Bharti’s 4G network is currently available in 15 cities including Kolkata, Bengaluru, Pune, Nagpur, Nasik, Jalandhar, Hoshiarpur, Kapurthala, Phagwara, Patiala, Amritsar, Ludhiana, Chandigarh, Panchkula, and Mohali.
Caratlane Raises Rs 185 crore from Tiger Global
Caratlane, an online jewellery store has raised Rs 185 crore from US hedge fund Tiger Global. The funds were raised through a private placement offer to Tiger Global’s Singapore investment arm, Internet Fund III Pte Holdings.
The funds will be used for technology development and scaling its presence in offline stores.
Founded in 2008 by Srinivasa Gopalan and Mithun Sacheti, Caratlane offers jewellery items like rings, earrings, chains, pendants, necklaces, nose pins, and bracelets etc. and gold coins, categorized by weight, design, and purity. It also gives people an option to customize their own jewellery based on shape, design, and metal.
Englishleap raises funding from Tech Firm ANALEC
Englishleap, an online education startup has acquired a major stake for an undisclosed amount from Singapore-based ANALEC, a financial technology company. Leap Learning Solutions Private Limited owns and operates Englishleap.com.
The funds will be used to expand the company’s reach and product development. The platform focuses on imparting fluency in speaking, reading, and writing English.
“We are extremely excited to work with EnglishLeap and build a powerful proposition in the market place to impart English language fluency in India.We believe EnglishLeap via its innovative teaching methodologies and technology enabled engagement tools using smartphones, makes learning English fun, as opposed to a chore,” said Indy Sarker, CEO of ANALEC.
AppsFlyer raises $20 million from Fidelity Growth Partners
AppsFlyer, a mobile advertising solution firm has raised USD 20 million (over Rs 120 crore) from a group of investors led by Fidelity Growth Partners Europe (FGPE), along with participation from existing investors, Magma Venture Partners and Pitango Venture Capital.
The funds will be used in R&D to accelerate development of its product offerings, including new tools to help marketers measure the impact of their advertising, marketing and re-targeting campaigns. AppsFlyer also plans to expand globally to complement existing offices in San Francisco, Tel Aviv, and Beijing.
AppsFlyer has clients like Facebook, Google, Twitter, Airtel, and Reliance.