InstaOffice – Startup news on the Couch – 4th August

Here is your daily dose of startup news for the day!

• Software services major Infosys Ltd is set to acquire London-based design and customer experience studio Brilliant Basics Ltd, the IT firm said in a statement. Read More
• Fintech Startup Lendingkart Raises $10 Mn Debt Funding From Kotak Mahindra Bank Ltd., Aditya Birla Financial Services, Tata Capital, And Others; Looks To Expand To 700 Cities. Read More

• Government to sell stakes in four defence companies via IPO. Read More
• Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Read More
• Mahindra & Mahindra Ltd plans to float its logistics arm’s initial public offering that will comprise entirely an offer for sale of a stake by private equity firm Kedaara Capital. Read More
• Fitbit posts $353M revenue in Q2, plans to launch smartwatch later this year. Read More
• Mukesh Bansal-backed cure.fit has forayed into healthy foods through Eat.Fit, extending the health platform that includes the flagship physical fitness portfolio, and the mental well-being vertical called Mind.Fit. Read More
• Wipro Limited has invested an undisclosed sum in an Austrian software testing company Tricentis. Read More

• Nexus Venture Partners, an early backer, and a board member of the Gurgaon-based company, fully supports the Snapdeal 2.0 journey, to help achieve its goals. The firm owns about 10-11% stake in Snapdeal. Read More
  
• Amazon India will set up three more ‘Fulfillment Centres’ in the country as a part of its expansion programme by Diwali, it said today. Read More
• Baba Ramdev’s Patanjali teams up with Facebook, Google for online advertisement push. Searches for Patanjali products on Google have gone up 11 times in the past four years and three-fold over the past three years, an official said. Read More
• The Department of Telecommunications (DoT) has said that Reliance Communications Ltd’s (RCom) merger with Aircel Ltd would need a no-objection or clearance from the Supreme Court before it approves the deal. Read More
• Bengaluru-based online grocer Bigbasket has received a nod from the government on its investment proposal for FDI in food retail. Read More

• Mumbai-based MJVS Fashion Services Pvt. Ltd, operator of online fashion resale marketplace CoutLoot, has raised its pre-Series A investment in a round led by angel investor Anuj Puri, a co-founder and an investor. Read More
• Zoctr Health Pvt. Ltd., an online platform that allows users to buy health-related services and home-based wellness packages, has raised a bridge round of funding from new and existing investors. Read More
• PAYBACK India Appoints Gautam Kaushik as the New CEO. Read More
• LimeTray, which provides SaaS based solutions to restaurants, has raised an undisclosed amount of funding from JSW Ventures. Read More

Check this space for your daily dose of startup news!