EdTech

Aakash Educational To Acquire Meritnation For INR 50 Cr

Delhi-based ed-tech company Aakash Educational is reportedly in talks to acquire a majority stake in Delhi-based ed-tech platform Meritnation.

Source: INC42

 

Interior Designing

Interior Design Firm SuperSurfaces Raises Angel Funding

SuperSurfaces India Pvt. Ltd, an interior design company focussed on the luxury wall and surface finishing, has raised USD 500,000 (approximately INR 3.58 crore at current exchange rates) in an angel funding round.

Source: VCCIRCLE

 

Hospitality

Goldman Sachs, Accel, RB Investments To Invest More Money In FabHotels

Casa2 Stays Pvt. Ltd, which operates budget hotel chain FabHotels, will raise nearly INR 40 crore (USD 5.6 million at current exchange rate) from existing investors through compulsorily convertible preference shares in a Series B2 round, according to a report.

Source: VCCIRCLE

 

App Development

App Tools Startup BuildPan Raises Undisclosed Seed Round From Japanese And Indian Investors

App development and testing platform BuildPan has raised a seed round from HNIs in India, Japan, and the US. The Indore-headquartered startup, which helps developers to test, integrate and deploy apps, will use the funds to expand globally and scale up the team.

Source: YOURSTORY

 

FinTech

Satin Creditcare Gets USD 15M ECB Funding From Development Bank Of Austria

Micro-finance company Satin Creditcare Network on Friday said it has received external commercial borrowing (ECB) funding of USD 15 million (around INR 107.2 crore) from Development Bank of Austria (OeEB), to accelerate its lending portfolio.

Source: YOURSTORY

 

Others

What SoftBank’s New Vision Means For Indian Industry

SoftBank made a big-bang entry in the industry in 2014 when it announced three investments totaling USD 1 billion. The biggest cheque was written for India’s second-largest online marketplace Snapdeal. Ride-hailing firm Ola and realty classifieds player Housing were the other two bets.

Source: ECONOMICTIMES