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D2C footwear brand ‘Trase’ have successfully reacquired their brand from the roll-up company Upscalio. This strategic move was swiftly followed by a $500k Angel round, post-acquisition, led by notable investors Deep Bajaj and Mohit Bajaj, co-founders of Sirona Hygiene, along with Shiven Malhotra, Vikas Gautam, and Rohit Jain. Established in 2016, Trase witnessed substantial growth … Read more
Pune-based EV startup EMotorad recently forged a significant partnership with cricket legend and former Indian Captain Mahendra Singh Dhoni. His strategic investment will entail equity ownership in EMotorad alongside his new role as the company’s brand endorser Expressing his enthusiasm for this collaboration, Dhoni said, “The future is in our hands. We are in an … Read more
Tomorrow Capital, a $100 MN Mumbai-based operating venture capital fund, has invested in VitusCare, a leading kidney care startup based in Gurgaon. Tomorrow Capital’s commitment to addressing chronic healthcare challenges in India is exemplified by its substantial lead investment in Vitus Care’s $2.7 MN Series A funding round. VitusCare, founded in 2017, has emerged as a trailblazer in the provision of quality … Read more
Caret Capital, a sustainability fund that invests across Mobility, Distribution and Employment, has invested in Delhi-based startup TraqCheck. Founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh and Rishabh Jain, TraqCheck is an AI-based platform for employee background verification. It enables enterprises to onboard employees significantly faster and more accurately at a lower cost than traditional methods. “From the … Read more
In a groundbreaking development, SiftHub, the cutting-edge AI-powered platform, has announced the successful closure of a $5.5 million funding round led by Matrix Partners India and Blume Ventures, with significant participation from Neon Fund. This milestone marks a pivotal moment in SiftHub’s journey, bolstered by the enthusiastic support of executive operators and founders from leading … Read more
Aerospike, Inc. (“Aerospike”) today announced the close of a $109M growth capital investment from Sumeru Equity Partners (“Sumeru”) with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI … Read more
Hudle, a platform dedicated to sports and fitness enthusiasts, has secured Rs 7 crore in its pre-series A funding round, with leading participation from Inflection Point Ventures (IPV) and Sky Impact Capital. Survam Partners and Anay Ventures also joined the round, reflecting growing confidence in Hudle’s mission to promote sports engagement across India. Suhail Narain, … Read more
Citigroup Inc has announced a new round of job cuts in its US investment banking division as part of its ongoing restructuring efforts. According to documents filed with the New York State Department of Labour on April 1, the company plans to terminate 430 employees. These job reductions are expected to primarily impact employees in … Read more
D2C brand A47.in, has raised funding of an undisclosed amount from Aditya Pittie. The company will utilize the capital for ramping up, expanding into new categories, collaborations, physical retail & marketing. The investment marks a significant milestone for A47, positioning it for accelerated growth and outreach. A47 celebrates India & its remarkable achievements and institutions … Read more
Expedia Group today announced that Jon Gieselman, president of Expedia Brands, will be leaving Expedia Group effective June 1 after three years leading Expedia’s consumer business and marketing division. Going forward, Brad Bentley will oversee the consumer business as Chief Operations Officer and Jochen Koedijk will lead marketing as Chief Marketing Officer, both reporting directly to incoming CEO Ariane Gorin. “In our journey of … Read more
IIIT Hyderabad and Plaksha University signed an MoU on campus today to establish a Sustainability Centre based on Smart and Sustainable Communities. The MoU was jointly signed by Prof P J Narayanan, Director, IIIT Hyderabad and Prof Rudra Pratap, Founding Vice Chancellor of Plaksha University. The Sustainability Center will primarily focus on research for bottom … Read more
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the … Read more
Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help … Read more
Popcorn & Company, a gourmet popcorn brand bagged an investment worth Rs. 75 lakh in the recent episode of Shark Tank India 3 currently being streamed on the OTT platform Sony LIV. The brand has secured a significant investment from shark Ms. Namita Thapar, Executive director of Emcure Pharmaceuticals. Founded in 2020 by Vikas Suri, … Read more
In a groundbreaking announcement, Sony introduces the cutting-edge BURANO camera, the latest addition to its esteemed CineAlta lineup, renowned for its superior digital cinema offerings. Engineered to meet the demands of single-camera operators and small crews, the BURANO sets a new standard in image quality, mobility, and innovation within the digital cinematography sphere. At the … Read more
In a momentous occasion graced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), MBRGI and Sobha Realty have entered a charitable grant agreement for the establishment of an endowment university in … Read more
