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NowFloats acquires LookUp; Cashify acquires MobiBing

  NowFloats acquires chat app LookUp for an undisclosed amount Hyderabad based NowFloats, which helps local businesses get online has acquired Bangalore based LookUp for an undisclosed amount, reports YourStory. LookUp allows businesses and customers to interact with each other through an Android and iOS chat application; the company’s core team will be joining NowFloats’ team next week. LookUp will function as an independent brand, added the report. LookUp allows users to search for a shop, service or product and then chat with them to purchase products online.The app claims that users can book doctors, dentists, salons, get laundry washed, find markers, get electronics repaired and even look for the nearest petrol pump or ATM. LookUp funding: The company had raised $2.5 million in funding led by Khosla Impact and participation from Catamaran Ventures, Global Founder Capital and Twitter co-founder Biz Stone, in October last year. In January 2015, Lookup raised $382,000 in seed funding from various investors. This included funding from Japanese investors Teruhide Sato and DeNA Co., other than $160,000 from Infosys co-founder Kris Gopalakrishnan and $100,000 from MKS Switzerland in December last year. In February last year, NowFloats had raised an undisclosed amount of Series A funding from Omidyar Network, Mumbai Angels, Blume Ventures and Hyderabad Angels to enhance its distribution platform, for customer acquisition and to expand globally. Businesses can register with NowFloats and utilize— Lighthouse and Wildfire—the two flagship products the company offers. Lighthouse offers merchants updates via its web portal, custom background on websites,…

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