Deal Roundup: Xiaomi To Raise USD 1B; eKincare Closes Undisclosed Amount in Funding and More

980Xiaomi Raising USD 1 billion fron All-Stars Investment, DST Global and Others

Chinese smartphone manufacturer Xiaomi has secured USD 1 billion in funding from an investment firm, All-Stars Investment with participation from Russian investment firm DST Global.

As per a TechCircle report, The deal is expected to be closed this week and has valued the company at over USD 45 billion. Founded in April 2010, it is known for designing, developing and selling smartphones, mobile apps and other consumer items.

Till date, excluding this round the company has raised four round of investment having total capital of USD 347 million. it is backed by 2 investors and had made investment in 9 companies including 21viaNet, Misfit Wearables, iQiyi, Careland and iHealth Labs.

Aayuv Technologies Backed Online platform eKincare Raises Undisclosed Amount

Hyderabad-based Aayuv Technologies Pvt Ltd backed eKincare has raised an undisclosed amount of funding from BitChemy Ventures.

As per a report by TechCircle, eKincare will use the funds to enhance its core platform and recommendation engine. Started in 2012, as a venture of Kalakuntla, focusing on personalised, preventive and predictive healthcare.

The company enables users to monitor their critical medical information and view it anywhere anytime, also helps users to identify potential health risks and motivates them to take necessary steps towards improving their health.

BitChemy Ventures is a seed fund-cum-tech incubator which invests around USD 300,000 in each startup and also planning to invest in half a dozen startups in 2015. Previously, it had invested USD 6 Million in three startups 3LOQ Labs, Cafyne Inc and Altiux Innovations.

News Corp. Buys Personal Financial Planning Portal

New-York based media company News Corp. has acquired Mumbai-based FinDirect Services Pvt Ltd, the firm behind a personal financing planning portal BigDecisions for an undisclosed amount. Following the acquisition, both co-founders Manish Shah and Gaurav Roy will help oversee a significant expansion of the Mumbai-based team as well as its consumer offerings in India.

In November News Corp. had acquired a 25 percent stake in, a residential real estate platform for USD 30 million.

Started in early 2013 by Manish Shah and Gaurav Roy, BigDecisions aims to help Indian consumers to make financial decisions through interactive, decision-making tools powered by sophisticated algorithms and data. The acquisition of the company also includes the site’s parent company, FinDirect Services Pvt Ltd.

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