Priyanka Chopra-Backed Dating App Bumble Gets Acquired
Dating app Bumble, which is actress Priyanka Chopra’s maiden ventures as an investor, and its sister app Baddoo have gotten acquired by an American investment firm Blackstone. The investment firm announced, on November 7, that it has bought majority stakes in MagicLab, which is the parent company of the dating and social networking apps.
GVFL dunks sauce maker All That Dips in pre-Series A pool
Vadodara-based All That Dips Pvt. Ltd, which offers preservatives-free dipping sauces, has received an undisclosed amount for its pre-Series A funding round from early-stage venture capital firm GVFL Ltd, formerly known as Gujarat Venture Finance Ltd.
Tencent buys 10% of Policybazaar, enters India insurance market
Tencent Holdings Ltd. has acquired a minority stake in Policybazaar.com valuing the Indian online insurance aggregator at USD 1.5 billion, according to a person familiar with the deal, as it tries to get a foothold in the country’s burgeoning insurance sector.
AFI, IIITH, IITH, and T-Hub collaborate to build a social impact ecosystem for technology startups
Action For India (AFI), International Institute of Information Technology, Hyderabad (IIITH), Indian Institute of Technology Hyderabad (IITH), and T-Hub have announced a collaboration for developing an inclusive social entrepreneurship ecosystem in the state of Telangana.
LambdaTest raises another Pre-Series A round of USD 2M led by Blume Ventures, Leo Capital
LambdaTest, a browser compatibility and automation testing platform, announced that it has received Pre-Series A funding of USD 2 million. The round was led by Blume Ventures and saw active participation from Leo Capital.