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Livspace, an end-to-end home design service provider and curated marketplace for homeowners and designers, has acquired Dwll.in, a curated online network of interior designers. This is Livspace’s second acquisition; it bought design community marketplace DezignUp in March. Venture capital firms Helion, Bessemer and Jungle have invested in Livspace.
Motilal Oswal PE raises ₹500 cr
Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity, has raised ₹500 crore and announced the final closure of its second real estate fund, India Realty Excellence Fund II. The fund had a target of ₹300 crore with a greenshoe option of ₹200 crore. The first fund, India Realty Excellence Fund, is under exit mode and has returned about 80 per cent capital to its investors.
Unitus invests in UE LifeSciences
Unitus Seed Fund, a venture seed fund that supports innovation for the masses, has announced that UE LifeSciences has been selected to join its India StartHealth investment programme. UE LifeSciences will receive initial funding of ₹50 lakh, go-to-market support from StartHealth partners Unitus, PATH, Manipal Hospitals, Narayana Health and Pfizer, and potential follow-on investment of at ₹1 crore. UE LifeSciences has developed a portable device for detecting breast cancer.
Snapdeal buys MartMobi
Snapdeal, a leading online marketplace, has acquired Hyderabad-based start-up MartMobi, which has created mobile specific platform for small and medium businesses. With this, Snapdeal plans to improve its mobile commerce capabilities.
Tiger Global invests in Ather
Bengaluru based start-up Ather Energy, which is currently designing a smart electric two-wheeler, has received funding of $12 million from Tiger Global. The new round of funding will be used for development, testing, production and the launch of Ather’s first smart electric two-wheeler – the Ather S340.
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