Biotech

Biotech Startup Zumutor Biologics Rakes In USD 4 Mn Fresh Funding

Biotech startup Zumutor Biologics has raised USD 4 Mn in fresh funding from Bharat Innovation Fund and Accel Partners.

Source: INC42

 

Car Marketplace

CarDekho Acquires Carmudi Philippines To Expand To Southeast Asia

Jaipur-based CarDekho Group, on November 28, announced that it has acquired auto marketplace Carmudi Philippines to expand its services across Southeast Asia.

Source: INC42

 

E-Mobility

Bajaj Auto Backs Inmobi Co-Founder's E-Mobility Startup Yulu

Indian motorcycle maker Bajaj Auto Ltd on Tuesday said it has invested USD 8 million (INR 57.1 crore) in venture capital-backed e-mobility service provider Yulu Bikes Pvt Ltd, which was started by InMobi co-founder Amit Gupta.

Source: VCCIRCLE

 

NBFC

CreditAccess Gramee To Acquire Madura Microfinance

Microfinance firm CreditAccess Grameen Ltd (CAGL) said it plans to acquire Madura Microfinance and merge it with itself to consolidate its leadership position.

Source: ECONOMICTIMES

 

FinTech

Ant Financial To Raise A USD 1 Billion Startup Investment Fund

Billionaire Jack Ma’s Ant Financial is planning to raise about USD 1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.

Source: ECONOMICTIMES

 

Consumer Lifestyle

Rent It Bae Buys Fashion Rental Startup Flyrobe

Rent It Bae has acquired peer fashion rental services startup Flyrobe to consolidate operations, ramp up its omnichannel footprint and tap the overseas market.

Source: ECONOMICTIMES