Entreprenuer News Network Bureau 
Contract Lifecycle Management (CLM), a way of managing contracts from start to finish, including award, compliance, and renewal, can be costly to businesses. According to World Commerce and Contracting, the average cost of a simple contract is $ 6,900, with more complex contracts costing roughly $ 49,000. Many entrepreneurs, including United Lex co-founder Ajay Agrawal, … Read more
Smytten, a product discovery and trial platform powered by technology, has raised Rs 100 crore in Pre-Series B funding from Fireside Ventures and Roots Ventures. Sharrp Ventures, Waao Partners, Survam Partners, and Sattva Group Family Office also participated in the fundraising round. The company’s valuation, while secret, has doubled as a result of this funding. … Read more
O’2 Nails, a fast-growing consumer and fashion retail firm specialising in nail care, has acquired $75,000 in funding from Atal Incubation Centre – BIMTECH and other notable investors as part of the Government of India’s Startup India initiative. The Seed Fund Scheme provides capital in the form of debentures. Under their “Gurukul” programme, AIC – … Read more
Web3 games marketplace based in India Tegro has launched a one-million-dollar award for web3 game creators. Developers can apply for up to $25,000 in funding for their projects with no strings attached. Successful candidates will receive advice on how to improve the quality of their web3 games from a founding team with extensive expertise creating … Read more
Jungle Ventures, based in Singapore, has announced a $600 million Fund IV close, including $450 million in the main fund and $150 million in additional managed commitments. This takes Jungle’s total Assets Under Management (AUM) to over $1 billion, making it the first independent Singapore-based VC firm to do so. Jungle invests across Southeast Asia … Read more
Avinash Gaikwad has been named Chief Strategy Officer of Bimaplan, a Y Combinator-backed new-age insurtech platform that makes affordable insurance plans available to everyone. The new appointment is being made with the goal of strengthening Bimaplan’s core team and advancing the company’s ambition of insuring 10 million lives by 2025. Avinash was previously the practise … Read more
Ventura Securities Ltd., one of India’s leading securities firms, accelerates ahead in its digital transformation path with the appointment of Arpan Sen as Chief Technology Officer (CTO). Early last year, the securities entity had appointed Manu Monga, moving in from Axis Bank, as Executive Director-Digital Transformation to streamline Ventura’s digital initiatives. These moves underline Ventura’s commitment towards … Read more
Heartex, the company behind the leading open source data labeling platform Label Studio, today announced it has raised $25 million in Series A funding, bringing the company’s total raised to $30 million. Redpoint Ventures led the round, with participation from existing investors, including Unusual Ventures, Bow Capital, Swift Ventures and some notable angel investors. Satish Dharmaraj, managing director at Redpoint … Read more
Motif FoodWorks, the Boston-based food technology company making plant-based food better tasting and more nutritious, today announced an investment by Robert Downey Jr.’s FootPrint Coalition Ventures. Along with the investment, the companies will partner on the development of new-to-the-world plant-based food forms. Separately, Motif also unveiled an expanded product portfolio—in addition to its food technologies—for … Read more
Jaro Education, a leading Edtech firm imparting the best online and blended learning executive education programmes for working professionals, has successfully closed FY 21-22 with almost 710% year-on-year jump in its profit and 125% in revenue. The profit for FY 21-22 was registered at INR 34.29 CR as compared to INR 4.23 CR for FY 2020-21. Revenue … Read more
Camp K12, an ed-tech startup building a global online school for 21st-century skills, today announced the launch of Hatch Kids, its very own Metaverse and AR/VR creation platform for young learners. Camp K12 originally built the Hatch Kids platform for use in its own programming courses, but after witnessing strong demand from educators and students while … Read more
KaJ Labs made headlines with the announcement of its blockchain platform Lithosphere and its unique interoperability capabilities. The foundation just announced that Lithosphere has sold $400 million LITHO tokens to Global Emerging Markets (GEM) digital, Four capital and individual investors. GEM is a $5 billion alternative investment group based in the Bahamas. This deal marks … Read more
Due to budget cuts and “business needs,” Netflix has laid off roughly 150 employees, or about 2% of its overall workforce. Netflix Global Head of HR Sergio Ezama informed employees about the layoffs today in an internal email seen by media platforms, adding, “These adjustments are especially challenging because they are mostly motivated by business … Read more
Bengaluru headquartered fintech platform Money View turns profitable and ends FY22 (March’22) with an annualized revenue run rate of INR 600 Cr ($80 million). Money View has grown 4X year-over-year with strong unit economics while being profitable through FY22. The company is disbursing loans at an annualized run rate of $850 million and is on a trajectory … Read more
Buildots, which uses AI and computer vision to modernize construction management, today announced a $60 million Series C round mutually led by Viola Growth and Eyal Ofer’s O.G. Tech along with existing investors TLV Partners, Lightspeed Venture Partners, Future Energy Ventures and Maor Investments. Buildots will use the new funds, secured less than a year after the company’s series B … Read more
TalentSprint, a global edtech company and India’s market leader in transformational deeptech programmes, and Indian Institute of Science (IISc) have cemented their long standing partnership, coming together to create an expert pool of 5G-ready professionals. The requirement for a hyper-connected world calls for exploiting the advances in wireless technology, namely, 5G New Radio. This will open up … Read more
