Bangalore-based fashion apparel e-tailer Myntra has raised about ₹300 crore ($50 million) in a financing round led by Premji Invest, along with new and existing investors. This funding will enable Myntra to strengthen its technology infrastructure and fund its growth initiatives.

CDC invests $27.5 m in Jabong

CDC Group plc, the UK’s development finance institution, has invested $27.5 million (₹170 crore) in Jabong, a leading e-commerce platform in India focussed on the apparel and fashion segments. CDC’s investment will help drive the growth of Jabong’s business and enable development of the supply chain infrastructure and the technology platforms in India.

MakeMyTrip buys EasyToBook.co m

MakeMyTrip, a leading online travel company, has bought the EasyToBook.com group for $5 million. This includes purchasing shares from the existing investors and a further investment in EasyToBook, which offers online hotel reservations in Europe, North America and other key global travel destinations. The company is headquartered in Amsterdam, the Netherlands, and has a technology development team based in Herzliya, Israel.

Martrix Partners invests more in Mswipe

Matrix Partners India has led the second round of institutional funding in Mswipe Technologies Pvt Ltd. Other investors include Axis Bank and DSG Consumer Partners. Mswipe launched a mobile POS solution in India in 2012 with a card reader attached to the mobile phone’s audio input jack. It will partner with leading banks to deploy these terminals at small- and mid-size merchant establishments across the country and continue innovating on front-end POS technology to help make businesses more effective.

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