InstaOffice – Startup news of the day [Top 10] – 28th July
Here is your daily dose of startup news for the day!
- Aavishkaar Venture Management, which backs enterprises working in rural areas, has bought back a 40% stake in Intellectual Capital Advisory Services Pvt. Ltd. from Legatum Ventures. Read more.
- Softbank-backed cab booking platform Ola is currently in talks with Chinese internet conglomerate Tencent for a prospective $400 Mn funding round. Read more.
- Online beauty services provider BigStylist has raised $1.2 Mn (INR 8 Cr) in a fresh funding round led by Info Edge. Read more.
- Indian enzyme manufacturer Advanced Enzyme Technologies Ltd. said on Thursday it will acquire German industrial biotech company Evoxx Technologies GmbH for 7.65 million euros (Rs 57.4 crore) in cash. Read more.
- Mumbai-based Jhakaas Technologies Pvt. Ltd, an app-based aggregator of offline businesses, has raised an undisclosed amount in its pre-Series A round from US-based investor Amen Dhyllon. Read more.
- Naukri parent Info Edge (India) Ltd. has invested another Rs 8 crore in Green Leaves Consumer Services Pvt. Ltd, which runs beauty services marketplace BigStylist – show stock-exchange filings by the company. Read more.
- Advent International, the leading US-based private equity investor, has acquired Dixcy Textiles Pvt. Ltd., the Indian firm which sells leading innerwear brand Dixcy Scott. Read more.
- Japanese advertising and public relations company, Dentsu Aegis Network has acquired a 51% stake in digital media firm, Sokrati Technologies Pvt. Ltd. Read more.