India Dealbook: BAC scraps Milkbasket deal; Dockabl, Bolo raise funds; KPMG in M&A

Flipkart co-founder Sachin Bansal-led BAC Acquisitions has dropped the plan to invest $2.8 million in Milkbasket. Separately, performance management software Dockabl and language knowledge sharing community Bolo have secured fresh funding. In the M&A space, KPMG India has acqui-hired AI startup Recommender Labs.