Business, Investments

Deal Roundup: 8K Miles Buys US-based SERJ Solutions; SAIF Partners Sells 2.41 percent Stake in Just Dial and More

Cloud Solutions Company 8K Miles Buys US-based SERJ Solutions to Enhance Healthcare Cloud Offering


To expand its presence in healthcare market, cloud solutions company, 8K Miles Software Services has acquired US-based SERJ Solutions, a provider of custom application development, and support solutions for the healthcare market. Post acquisition, the move will help 8K Miles to serve hospitals and healthcare providers by providing end-to-end Software as a Service (SaaS) technology platform.

8K Miles which is based out in Chennai, had also acquired FuGen Solutions for USD 7.5 Million last year.

SAIF Partners Sells 2.41 percent Stake in Just Dial For INR 254 Cr 


SAIF Partners has sold its 2.41 percent stake in Mumbai-based local search provider, Just Dial for a total amount of INR 254 crore. Currently, SAIF partners hold 8.71 percent stake in the firm as compared to 19.72 percent before its public offering in June 2013, which fell to 11.2 percent after it sold a part of its holding in the IPO.

The sale of shares happened in 6 different transactions and here is a copy of Form D from SEBI:


SAIF Partners has invested INR 50 crore in Just Dial in 2006 and has also backed travel portal MakeMyTrip and BookMyShow. Other investors in JustDial are Tiger Global, Sequoia Capital and SAP Ventures.

Also Read: Funding Roundup: Qikwell Closes USD 3M; Aureus Analytics Closes USD 850K and More

Neighbourhood Delivery Startup, Delyver Closes INR 6.5 Cr in a Fresh Round


Local commerce platform Delyver has raised INR 6.5 crore from a Bangalore based Venture Capital firm to expand its operations to 20 cities over the next year.

As per ET report, Reebu Varghese, chief executive at Delyver said “We will open up more categories such as medicines and ready-to-cook products.”

Founded in 2010 by Afsal Salu, Praful Thachery and Reebu Varghese, Delyver connects business to consumer deliver service and enable order booking and delivery of products within one hour. The firm covers over 1,000 retail outlets across 10 categories such as restaurants, cakes, meat, fish, vegetables, flowers, ice creams & home-made food in 21 neighbourhoods in Bangalore.

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