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E-commerce marketplace Flipkart has picked up a minority stake in MapmyIndia, which provides digital map data, GPS navigation, tracking, location-based apps and GIS solutions. Flipkart will use the technology provided by MapmyIndia to improve its supply chain and logistics operations. Nexus Venture Partners and Lighbox Ventures, which had invested in MapmyIndia, have exited.
Quikr acquires realtycompass
Quikr, a classifieds business, has acquired realtycompass, a real-estate analytics platform that provides builder ratings and detailed project analysis. This is Quikr’s second acquisition in the real estate space as it strengthens its vertical QuikrHomes, which it started earlier this year.
Mohandas Pai invests in Kaaryah
Kaaryah, an online western non-casual wear brand, has raised an undisclosed amount in pre-Series A funding from TV Mohandas Pai, former Infosys Director and Chairman, Manipal Global Education, and the Saha Fund. The venture had raised from former Tata Sons Chairman Ratan Tata earlier this year. Kaaryah, launched in 2014, caters to the Indian women consumers’ needs for formal western wear.
Paytm buys Near.in
Paytm, a leading mobile payments and commerce platform, has bought Near.in, a marketplace app for local services to increase focus on online-to-offline commerce. The deal size was not disclosed. Near.in operates in the hyper-local services space across categories, including home needs, health, events and skills.
Nexus Venture closes Fund IV
Nexus Venture Partners, a leading venture capital fund, has closed its fourth fund with committed capital of over $450 million. Most of the money came from long-term Nexus investors that had partnered with the VC firm in its previous funds. This brings Nexus’s total capital under management to over $1 billion. Nexus invests in a broad range of enterprise technology, consumer and business services start-ups. It remains focussed on seed- and early-stage companies and will invest in technology and data led businesses that are disrupting consumer retail, financial services, healthcare and education.
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