Entreprenuer News Network Bureau 
Less than two years after purchasing it, Reddit has officially shut down video site Dubsmash. In an auction in 2020, the social media company purchased Dubsmash in order to expand its position as the leading short video-sharing app. Once-viral app Dubsmash allowed users to share videos of themselves dancing and lip-syncing to popular tunes. The … Read more
Krishify, a rural social network, has raised USD 6.2 million in Pre-Series A funding from Omnivore, an agritech venture capital firm, as well as current investors Ankur Capital, Omidyar Network India, and Orios Venture Partners. Krishify, based in Gurugram, was formed by IIT grads Rajesh Ranjan, Manish Agrawal, and Avinash Kumar in 2019. Rajesh formerly … Read more
Facilio, a property operations software platform provider based in New York, has acquired $35 million in Series B funding. Dragoneer Investment Group led the round, which also included Brookfield Growth, Accel India, and Tiger Global Management. The money will be used to grow the company’s market leadership, develop sales and marketing, and empower more businesses … Read more
FleetX, a Gurugram-based freight visibility and fleet management platform, announced on Tuesday that it has raised $19.4 million in Series B funding led by IndiaMart, with existing investors India Quotient and BEENEXT participating. Vineet and his co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra launched the company in 2017. It promises to … Read more
V-Ensure Pharma Technologies, a contract medication manufacturing company, announced on Tuesday that it had raised Rs 130 crore ($17.5 million) in capital from Investcorp and Tanas Capital, an Asia-based private investment group. The new funding will be used to seek expansion prospects in North America, Europe, and other global markets for product development and launch. … Read more
GraphQL innovation leader Hasura today announced that it has secured $100M in funding in a round led by Greenoaks with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures. The Series C round brings the total capital raised by Hasura to $136.5 million and the company’s valuation to $1 billion. Hasura … Read more
MediBuddy, India’s leading end-to-end digital healthcare platform, has raised USD 125 million in Series C funding from Quadria Capital and Lightrock India along with participation from existing investors Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, andAlteria Capital. MediBuddy provides its users with … Read more
Funds managed by Infinity Investment Management and advised by Convergent Finance LLP (“Convergent Funds”), announced the execution of an agreement with the existing promoter shareholders of Jagsonpal Pharmaceuticals Limited (“Jagsonpal”) to acquire approximately 43.7% of the outstanding shares of Jagsonpal at a price per share of INR 235 for a total consideration of INR 2,692 mm (USD … Read more
TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital led a $12 million Series B fundraising round for SaaS firm Increff. The funding will be used by the Bengaluru-based business to open offices and enhance its staff in the United States and Europe, as well as to expand its product and service offerings. Increff, … Read more
Neurafarms.ai, a developer of geospatial and AI-powered farming solutions, has been purchased by AiDash, a leading provider of satellite- and AI-powered operations, maintenance, and sustainability solutions. AiDash will benefit from the purchase of Neurafarms.ai by strengthening its product line and adding key talent to its high-performing staff. Bhavesh Patidar, co-founder of Neurafarms.ai and leader of … Read more
Jellysmack, a worldwide digital media and content creator firm sponsored by SoftBank, has launched its creator programme in India. According to a key official at the company, the company will launch its India operations with 21 content creators in Hindi and English, helping them diversify their portfolio across major platforms like Facebook, Snapchat, and YouTube … Read more
DealShare, a social commerce firm located in Jaipur, announced on Thursday that it has raised an additional $45 million as part of its ongoing Series E fundraising round from an Abu Dhabi Investment Authority wholly-owned subsidiary (ADIA). The rapidly developing social commerce startup, founded by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in … Read more
Agrim Wholesale, an agritech firm, raised $10 million in a Series A round led by Kalaari Capital, with current investors Omnivore, India Quotient, and Accion Venture Labs joining in. As part of their Bharat Banking effort, Axis Bank also participated in the round. AGRIM is a digital platform for the agri-inputs business that connects merchants … Read more
South Asia’s largest study abroad platform, Leap Scholar, has announced its entry into the Middle East. Over the following year, the company will invest $20 million in the Middle East to build a workforce to handle students’ end-to-end study abroad needs. Students from Saudi Arabia, the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Israel, and … Read more
Garmin India, a unit of Garmin Ltd. today launched the renowned Fēnix® 7 Series and the epix™ in India. The newly launched Garmin Fēnix 7 series showcases an array of features like enhanced solar cell efficiency and longer battery life that will provide the customers peace of mind while they engage in various activities. This series also features the first smartwatch in the … Read more
Startek, a global customer experience (CX) solutions provider, today announced the appointment of Nishit Shah as Global Chief Financial Officer and Jayanta Lahiri as Global Chief Information Officer. Shah and Lahiri report directly to Global CEO Bharat Rao. “I am delighted to have joined the Startek team,” said Shah. “The global Startek footprint and investment in digital-first CX capabilities … Read more
