Daily Deal Activity 03/22/16

Digital Media/Commerce

ecommerce

India-based grocery delivery company BigBasket has raised $150 million in a round of funding led by Abraaj Group with participation from Bessemer Venture Partners, Helion Advisors, International Finance Corp, and Sands Capital. The company will use the funding for expanding its presence domestically.

mobile content/apps

BYJU, developer of an educational app for schoolchildren, has raised $75 million in a round of funding from Sequoia Capital and Sofina. The company will use the new round of funding for platform development efforts.

mobile content/apps

eGym, developer of an app for fitness training, has raised $45 million in Series C funding led by HPE Growth Partners with participation from Highland Europe. The company will use the funding for building out its network of connected gyms.

Digital Advertising

comparison shopping

Thailand-based Medical Departures, operator of a medical service marketplace and comparison platform, has raised $2.5 million in Series A funding led by DMP with participation from Hubert Burda Media and CyberAgent Ventures. The company will use the funding for expanding its presence in Southeast Asia.

digital video

RTL Group will acquire a majority stake in Germany-based online video advertising company Smartclip in a transaction valuing the company at $56 million. The acquisition is complimentary to RTL’s programmatic online video advertising platform SpotX. Further terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Manufacturing analytics company Sight Machine has raised $13.5 million in Series B funding led by Jump Capital with participation from GE Ventures, Two Roads Group, Pritzker Group Venture Capital, and IA Ventures. The company will use the funding for expanding sales and marketing initiatives.

bi tools

Sales intelligence platform DiscoverOrg has raised an undisclosed amount of funding from Goldman Sachs and NXT Capital. The company will use new round of the funding for product development initiatives.

crm

Mobile relationship management application developer Triggerfox will be acquired by advocate marketing company Influitive. The acquisition provides Influitive with expanded mobile product management and development capabilities. Terms of the deal were not disclosed.

mobile technology

Spectral Edge, a developer of image enhancement technology for mobile apps, has raised $2.1 million in a round of funding led by IQ Capital with participation from Wren Capital and Cambridge Capital Group. The company will use the funding for sales and marketing initiatives.

mrm/workflow management

On-demand workforce management solutions developer Shiftboard has raised $4 million in a round of funding led by Voyager Capital with participation from Arnold Venture Group. The company will use the funding for expanding operations.

mrm/workflow management

ThiveHive, a developer of marketing software for small businesses, will be acquired by local marketing solutions company Propel Marketing for $11.8 million. The acquisition strengthens Propel’s presence in the SMB digital marketing sector.

social technology

Israel-based social attribution platform Start A Fire has raised $2.5 million in Series A funding led by Canaan Partners with participation from Lool Ventures. The company will use the funding for building out new social recognition functionalities.

Agency & Marketing Services

digital agency

CI Capital Partners will acquire a majority stake in Hero Digital, a digital consultancy focused on Customer Experience Management and marketing technology platform implementation. The acquisition will provide Hero with the resources for expanding service offerings while exploring potential acquisition opportunities. Terms of the deal were not disclosed. (A Petsky Prunier-led transaction)

Software

application management

IT application development and deployment solutions provider Serena Software will be acquired by Micro Focus International from HGGC in a transaction valuing the company at $540 million. Serena has reported revenues of $176.2 million and EBITDA of $87 million.

credit/risk

Bregal Sagemount has made a $40 million minority investment in loan analytics and risk-based pricing solutions company Open Lending. The company will use the funding for expanding its presence in the automated lending industry.

healthcare

Easyhin, developer of a mobile health management services platform, has raised $15 million in Series B funding from Fosun Kinzon Capital with participation from Morningside Ventures. The company will use the funding for expanding its physician network.

hr

Employee benefits and health exchange services provider benefitexpress has raised an undisclosed amount of funding from LLR Partners. The company will use the new resources for expanding its marketing and sales efforts.

hr

Employee benefits and human resources platform Maxwell Health has raised $22 million in Series C funding led by GIS Strategic Ventures with participation from Adams Street Partners, Cambia Health Solutions, Catalyst Health Ventures, and Tribeca Venture Partners. The company will use the funding for product development.

legal

UK-based legal fee tracking platform Apperio has raised $2.4 million in a round of funding led by Notion Capital with participation from IQ Capital. The company will use the funding for hiring talent and expanding operations.

security

Cloud communication security company GreatHorn has raised $2.3 million in a round of funding led by ff Venture Capital and SoftTech VC with participation from Techstars Ventures and Zelkova Ventures. The company will use the funding for sales and marketing initiatives.