This is the first investment of the early stage fund, which is a part of the USD 400 million Astarc Group.
"Astarc Ventures plans to invest in tech-focused, tech-enabled, disruptive technology companies in emerging industries," Astarc Ventures said in a statement.
*******
Uber to offer on-demand home services through Mr. Homecare * Online taxi service provider Uber today said it has tied up with on-demand home service player Mr. Homecare.
Any Uber consumer, on showing his Uber receipt and promo code at Mr. Homecare, will get 15 per cent discount on the latter's services.
Simplex Infrastructures Q4 net profit rises 4% at Rs 22.23 cr * Simplex Infrastructures today reported 4 per cent growth in its standalone net profit at Rs 22.23 crore for the quarter ended March 31, 2015.
The firm had posted a net profit of Rs 21.37 crore in the year-ago period, it said in a BSE filing.
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