Entreprenuer News Network Bureau 
South Asia’s largest & Asia’s leading higher EdTech major – upGrad, today reported turning a profit spurred by a 150% growth Y-o-Y in revenues and a stable 70% gross margin, across all its income streams. upGrad is now well-positioned as the most integrated Higher Edtech company in the world – spanning all aspects of LifeLongLearning … Read more
Spice Story, a Mumbai-based startup firm has raised an undisclosed pre-series A round fund from Agility Ventures, Maxar.vc, Nafa capital and select FMCG industry leaders viz. Anupam Bokey, Anand Dhodapkar, etc. The raised capital will be primarily used to bolster the distribution network and continue to build scale on the online platforms. Earlier, the brand … Read more
ForAllSecure, the world’s most advanced application security testing technology, today announced it has raised $21 million in a series B funding round co-led by Koch Disruptive Technologies (KDT) and existing investor New Enterprise Associates (NEA). This financing brings the company’s total funding to $36 million. ForAllSecure will use the infusion of capital to accelerate growth, … Read more
Provet Pharma Private Limited, headquartered in Chennai, one of the fast-growing animal health care companies in India, raises an undisclosed amount from N+1 Capital, one of India’s largest revenue-based growth capital funds. The Company will be using this fund to support its expansion plans of all its operating verticals. Devansh Shah, Bilanz Capital Advisors is … Read more
Ramp, the finance automation platform and first corporate card designed to help businesses spend less, today announced $750 million in new financing, bringing its valuation to $8.1 billion. The raise included $200 million in fresh equity funding led by Founders Fund, with participation from all major existing investors including D1 Capital Partners, Thrive Capital, Redpoint … Read more
Vectra AI, a leader in AI-driven threat detection and response for hybrid and multi-cloud enterprises, today announced the appointment of David Sajoto as Vice President, Asia-Pacific and Japan (APJ). With over 20 years of experience, David has a proven track record of building and executing against business strategy and go-to-market plans, achieving aggressive revenue growth … Read more
Looppanel, which allows product & design teams to analyze and share insights from Zoom-based user interviews in minutes, announced a USD 1 million Pre-Seed round of funding led by Speciale Invest. Additional funding is coming from First Cheque, angel investors and a grant from Sequoia Capital India as part of the Sequoia Spark program. Looppanel … Read more
Amazon has completed an $8.5 billion acquisition of Metro Goldwyn Mayer (MGM), the company announced on Thursday. The completion of the transaction will see more than 4,000 films and 17,000 TV shows become a part of Amazon Prime Video. The deal is Amazon’s second-largest acquisition, the company paid $13.7 billion for Whole Foods in 2017. … Read more
Startup Trailblazer Games has closed an $8.2M seed round led by Makers Fund, including Play Ventures, Fabric Ventures, and a roster of prominent industry leaders in gaming and blockchain. Trailblazer is leading the evolution of games built natively for blockchain, by putting fun at the core of truly scalable economies. They are currently developing a … Read more
Razorpay, a fintech unicorn, announced the purchase of IZealiant Technologies, a renowned Fintech business that provides payment technology solutions to banks, on Tuesday. IZealiant, a Pune-based business founded in 2015, delivers mobile-first, API-enabled, and cloud-ready payment processing technologies for banks and financial institutions. Commenting on the acquisition, Harshil Mathur, CEO & Co-founder of Razorpay said, … Read more
ekincare, an AI-powered health benefits firm, announced a $15 million Series B fundraising round headed by HealthQuad and Sabre Partners, with participation from previous investors Ventureast, Eight Roads Ventures, Siana Capital, and Endiya Partners on Thursday. ekincare is a customised, full-stack health benefits platform founded in 2015 by Kiran Kalakuntla, Srikanth Samudrala, and Dr Noel … Read more
Amagi, a media-focused SaaS firm, became the 11th to reach the unicorn club this year after raising $95 million in a funding round headed by Accel. Existing investors such as Norwest Venture Partners and Avataar Ventures joined the investment round as well. Amagi, which was founded in 2008 by Baskar Subramanian, Srinivasan KA, and Srividhya … Read more
Cosmofeed, a dynamic content monetization & consumption platform that enables creators to digitally and seamlessly optimize, monetize, and manage their audiences has announced raising US $1.5 million in seed funding. The round was co-led by growx ventures, Waveform Ventures, & 9 Unicorns with participation from Singapore-based investment holding company Silk Bridge Partners (SBP). Industry leaders like Swati Mohan (CBO – Heads … Read more
Curelink, a health-tech platform, announced on Wednesday that it has secured USD 3.5 million (about Rs 26 crore) in a seed round led by Elevation Capital and Venture Highway. Curelink, founded by Aman Singla and Divyansh Jain in 2021, links doctors and patients via WhatsApp. “Curelink is now operational in Gurugram and Bhopal, with ambitions … Read more
FarMart acqui-hired fruits and vegetables (F&V) logistics platform, Subjimandi.app to optimize our logistics and expand our product portfolio by entering into the F&V categories. Subjimandi.app was set up in 2020 to replace the physical marketplace and has a strong network in India across the states of Maharashtra, Telangana, and Andhra Pradesh. Their approach has been … Read more
Webflow, the leading no-code visual development platform for the professional website and CMS market, today announced that it has closed a $120 million Series C at a $4 billion valuation, bringing the company’s total funding to more than $330 million. Y Combinator’s Continuity fund led the round, with participation from existing investors CapitalG, Accel, Silversmith, and Draper Associates. The company … Read more
