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India Funding Roundup: Zapak, Portea Medical, ext, Juggernaut, InnerChef, SilverPush, Capabiliti

India Funding Roundup: Zapak, Portea Medical, ext, Juggernaut, InnerChef, SilverPush, Capabiliti xl3a

By Sriram Sharma | Updated: 28 September 2015 20:41 IST

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ZapakChinese conglomerate Lead Eastern Group is picking up a 10 percent stake in Anil Ambani-owned Reliance Games' mobile gaming company Zapak Mobile Games for $15 million (roughly Rs. 99 crores). The transaction, subject to regulatory approvals and due diligence, will value Zapak at $150 million (roughly Rs. 991 crores). 36e56

Portea
MedicalHome healthcare provider Portea Medical said on Sunday it had received $37.5 million (Rs. 246 crores) for business expansion in its latest funding round, led by venture capital firm Accel Partners. International Finance Corporation (IFC), an arm of the World Bank, and existing investors Qualcomm Ventures and Ventureast also participated in the funding round, Portea said in a statement.

ext
Mobile commerce platform in Mumbai-based logistics data startup ext. The move is in line with Paytm's strategic plan to invest $150 million (roughly Rs. 990 crores) in a dozen Indian tech startups over the next few months, the company said in a statement. ext's products enable real time shipment tracking, pick-up and delivery automation, and last mile delivery optimisation.

Juggernaut
Delhi-based mobile-first publishing platform Juggernaut has raised an undisclosed amount of funding led by FabIndia founder William Bissell, Infosys co-founder Nandan Nilekani, and Neeraj Aggarwal, managing director of Boston Consulting Group India. The firm launched its operations earlier this week, and aims to "create a world-class Indian publishing company that will give authors both a digital and a physical platform."

InnerChef
Gurgaon based online recipe box startup GOQii, the firm said in an emailed statement. Founded in April 2015 by Rajesh Sawhney, Bal DiGhent and Sanjeev Singhal, InnerChef plans to use the funds to expand its footprint to 10 new kitchens in Delhi, Bengaluru, and Mumbai. The startup will also build out a hyperlocal marketplace for desserts, and plans to aggregate 100,000 home bakers across 100 Indian cities within a year.

SilverPush
Hiro Mashita-led, early-stage investment firm M&S Partners has invested about Rs 8.2 crores in Gurgaon-based cross-device mapping platform SilverPush. Founded in 2012, the firm's product portfolio includes UAB, which lets rs reach out to mobile s who have watched a TV ad, and Prism, which helps measure and analyse the impact of TV ads and analyse competitors in real time.

Qustn Technologies
Noida-based startup Qustn Technologies has secured Rs. 2.6 crore in a funding round led by 500 Startups, Smile Group and angel investors like SaaS training and recruitment platform. Its pricing model ranges from $200 to $800, and offers a branded app to enterprises as a custom solution.

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