Chinese conglomerate Lead Eastern Group is picking up a 10 percent stake in Anil Ambani-owned Reliance Games’ mobile gaming company Zapak Mobile Games for $15 million (roughly Rs. 99 crores). The transaction, subject to regulatory approvals and due diligence, will value Zapak at $150 million (roughly Rs. 991 crores).
Medical Home healthcare provider Portea Medical said on Sunday it had received $37.5 million (Rs. 246 crores) for business expansion in its latest funding round, led by venture capital firm Accel Partners. International Finance Corporation (IFC), an arm of the World Bank, and existing investors Qualcomm Ventures and Ventureast also participated in the funding round, Portea said in a statement.
Mobile commerce platform Paytm is investing $10 million (roughly Rs. 66 crores) in Mumbai-based logistics data startup LogiNext. The move is in line with Paytm’s strategic plan to invest $150 million (roughly Rs. 990 crores) in a dozen Indian tech startups over the next few months, the company said in a statement. LogiNext’s products enable real time shipment tracking, pick-up and delivery automation, and last mile delivery optimisation.
Delhi-based mobile-first publishing platform Juggernaut has raised an undisclosed amount of funding led by FabIndia founder William Bissell, Infosys co-founder Nandan Nilekani, and Neeraj Aggarwal, managing director of Boston Consulting Group India. The firm launched its operations earlier this week, and aims to “create a world-class Indian publishing company that will give authors both a digital and a physical platform.”
Gurgaon based online recipe box startup InnerChef raised a pre-series A round of Rs. 11 crores from leading investors, including Phanindra Sama, Founder of RedBus, Vijay Shekhar Sharma, Founder of Paytm, Anupam Mittal, Founder of Shaadi.com, Vishal Gondal, Founder of GOQii, the firm said in an emailed statement. Founded in April 2015 by Rajesh Sawhney, Bal DiGhent and Sanjeev Singhal, InnerChef plans to use the funds to expand its footprint to 10 new kitchens in Delhi, Bengaluru, and Mumbai. The startup will also build out a hyperlocal marketplace for desserts, and plans to aggregate 100,000 home bakers across 100 Indian cities within a year.
Hiro Mashita-led, early-stage investment firm M&S Partners has invested about Rs 8.2 crores in Gurgaon-based cross-device mapping platform SilverPush. Founded in 2012, the firm’s product portfolio includes UAB, which lets advertisers reach out to mobile users who have watched a TV ad, and Prism, which helps measure and analyse the impact of TV ads and analyse competitors in real time.
Noida-based startup Qustn Technologies has secured Rs. 2.6 crore in a funding round led by 500 Startups, Smile Group and angel investors like Snapdeal Co-founders Kunal Bahl and Rohit Bansal and Freshdesk, founder Girish Matrubootham. Qustnm Technologies provides a mobile first platform to train and onboard remote users with Capabiliti, a SaaS training and recruitment platform. Its pricing model ranges from $200 to $800, and offers a branded app to enterprises as a custom solution.