Investment

Mobile messaging and advertising company Affle has acquired the India-based mobile application development company Appstudioz. With this acquisition, Appstudioz has now merged with Affle’s Media Lab business. Affle will also be ... Continue_Reading
Culture Machine, a digital video company founded by former Disney-UTV exec Sameer Pitalwalla and former YouTube exec Venkat Prasad has raised a Series A round of funding led by Zodius ... Continue_Reading
Airtel Networks Kenya Ltd. (Airtel Kenya) has signed a definitive agreement with Essar Telecommunications Kenya, which operates under the brand name yuMobile, to acquire its 2.7 million subscribers. This deal is ... Continue_Reading
Indian online marketplace Flipkart is phasing out its payment gateway business Payzippy, a little over a year after it launched it, MediaNama had learnt from reliable sources. In response to a query ... Continue_Reading
Educomp Solutions Limited-owned Educomp Online Supplemental Services Ltd sold its majority shareholding in Gateforum Educational Services Pvt Ltd to ASK Pravi Private Equity Opportunities Fund, the company informed the BSE. ASK ... Continue_Reading
iTiffin raises $1 million in seed funding Bangalore-based online meals service iTiffin.in raised $1 million in seed funding from an undisclosed large Indian family office, reports Techcircle. The startup said ... Continue_Reading
GrowthStory’s K Ganesh and Meena have acquired Bangalore-based offline design firm Bello Interiors Pvt Ltd and rebranded it as HomeLane, an online marketplace for fixed furniture. ... Continue_Reading
Online photo printing service provider ZoomIn has acquired San Francisco-based Photojojo for an undisclosed amount, reports The Economic Times. ... Continue_Reading
Chipmaker MediaTek will set up a new Research & Development (R&D) facility in Bangalore and has earmarked $200 million for investments in the country over the next few years. ... Continue_Reading
Product engineering and innovation services provider Altiux Innovations has acquired machine-to-machine (M2M) and converged cloud platforms (CCP) developer P-Device Systems for an undisclosed amount, reports Techcircle. ... Continue_Reading
Update: Hike CEO Kavin Bharti Mittal has officially confirmed this investment. He also claimed that Hike has now crossed 35 million registered users with over 50% active every month. Around 90% users ... Continue_Reading
Gurgaon-based Accentium Web* which operates the product discovery and price comparison portal PriceBag.com has raised $2 million in angel funding from undisclosed angel investors. ... Continue_Reading