One if the biggest development of the week was Twitter acquiring Bangalore-based Zipdial for an undisclosed amount. The deal is estimated to be somewhere between $30 – $40 Mn. According to sources close to the development, iSpirt has played a significant role in this deal. However when we reached out to them they declined to comment on this development.
In total, 19 startups raised about $220 Mn amount in funding during the week.(This is based on the startups that disclosed their funding amount)
Ping Digital Network: Ping raised its second round of investment from angel investors group headed by Monisha Advani of Enmay. Promoters’ stakeholder in Ping digital network increased to 65% after this round of funding. The capital that has been raised through divestment would be used as growth capital.
Refiral: A SaaS-based marketing tool, Refiral raised $330k funding from Cogent E services. The Company plans to use the funds to evolve current product and scale up business operations in India as well as international markets said Co-founder Anmol Batra.
Ekincare: Hyderabad-based Aayuv Technologies Pvt Ltd., the company behind the online cloud-enabled medical records platform eKincare, has secured INR 1 Cr. in angel round of funding from US-based healthcare firm Adroitent Pvt. Ltd. According to the company, the funds raised would be used for product development, hiring and marketing purposes.
Shopclues: Gurgoan based Clues Network Pvt Ltd which runs and operate online marketplace Shopclues.com raised $100 Mn in Series C round of funding led by Tiger Global and its existing investors Helion Venture Partners and Nexus Venture Partners. This round takes the total funds raised by the company to $115 Mn and values it at about $350 Mn. Shopclues will be investing the funds raised in technology, marketing and will work to enable more and more sellers to come on its platform.