Listed below are some of the major news of the startup sector, take a look to stay updated:
PhonePe to acquire PoS platform of Tiger Global-backed Zopper
PhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service (SaaS) platform run by Tiger Global-backed Zopper, two people familiar with the development told TechCircle.
The terms of the deal could not be immediately ascertained. A formal announcement is likely to be made within a week, one of the above-mentioned persons said on the condition of anonymity. A second person said some issues are yet to be resolved.
Ed-tech firm Stones2Milestones gets funding from US investment firm
Ed-tech company Stones2Milestones Edu Services Pvt. Ltd has raised funding from US-based early-stage investment firm Unreasonable Capital, according to their websites.
Gurugram-based Stones2Milestones and Colorado, US-headquartered Unreasonable Capital haven’t disclosed the amount.
However, 10-year-old Stones2Milestones has raised $650,000 (Rs 4.5 crore at current exchange rates) in total thus far, according to the website of Unreasonable Group.
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Info Edge, MacRitchie Investments to invest Rs 190.51 crore in PolicyBazaar
Info Edge today said it will invest about Rs 190.51 crore in Etechaces Marketing & Consulting – which operates PolicyBazaar.com -along with MacRitchie Investments.
Consequent to the said transaction, MakeSense will hold about 19.92 percent (including the existing stake of 16.42 percent) of Etechaces on fully converted and diluted basis.
Today’s Take Away:
Entrepreneurship means not just denying the old but also creating something new.
Sairee Chahal, Sheroes, says,
“Build the new, don’t just fight the old.”
