This week various startups across India secured funding from several VC firms. Ivy Cap Ventures also raised over INR 244.5 Cr to invest in startups founded by IIT and IIM alumnus. One of the biggest news of the week being Yahoo acquiring BookPad.
Let’s have a look at fundings and acquisitions that took place this week:
Commonfloor: CommonFloor.com, real estate portal, secured $30 Mn in fresh round of funding led by its existing investor Tiger Global. This funding was raised just few months after it had received INR 64 Cr from Tiger Global and Accel India.
Red Monster Games: Mobile social gaming startup Red Monster raised funding from Matrix Partners India. It will allocate the fund to build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.
Newshunt: Bangalore-based Ver Se Innovation Pvt Ltd, which owns NewsHunt has raised more than INR 100 Cr. NewsHunt, a mobile news aggregation platform, is now worth more than INR 900 Cr. Matrix Partners India and Omidyar Network also participated in this round of funding.
WooMe.mobi: It raised funding from 5ideas and 2 undisclosed investors. WooMe is a mobile app for enabling interactivity on TV channels, music, movies, movie trailers, radio, multiplexes and advertising.