Flipkart buys Myntra; will invest $100 mn

It’s done. Bangalore based Flipkart, the Tiger Global and Accel Partners backed ecommerce company, has acquired rival Myntra. The deal was announced at a press conference in Bangalore today. The financial details of the transaction have not been disclosed. Multiple media reports say that the deal is a cash and stock transaction and put the value of the deal at anywhere between $300 million and $350 million.

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Yatra raises $23 mn growth round led by IDG Ventures, Vertex

Gurgaon based online travel agent Yatra Online Travel has raised Rs 140 crore ($23 million) in a growth funding round led by IDG Ventures India and Vertex Venture Management. Existing investors, including seed stage investor Norwest Venture Partners, participated in the round.

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NEA leads $24.8 mn round in IndiaHomes

Gurgaon based India World Technologies, which runs IndiaHomes, a managed property transactions services provider, has raised Rs 150 crore ($24.8 million) in a growth funding round led by New Enterprise Associates (NEA), says a PTI report. This follows a Rs 120 crore round raised in 2012 from Helion Venture Partners and Foundation Capital.

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Smile Group, TPG Growth in $100 mn joint venture to partner Internet businesses

Smile Group, the Gurgaon based consumer Internet and media ventures group, has entered into a joint venture with global private equity firm TPG Growth to launch Katalyzers, an entity that will partner with successful internet companies and help roll out their businesses across Asia and other emerging markets. The joint venture partners will invest up to $100 million in the venture.

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