SG Analytics (SGA), a Global insights and analytics company, has appointed Sid Banerjee as the firm’s new Chief Executive Officer (CEO). Sushant Gupta, Founder, SG Analytics will now take on the role of Founder & Chairman. He will focus on steering the company towards its stated resolve of creating a regenerative organization in line with … Read more
The Boards of Directors of Mindtree and LTI at their respective meetings held today approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The proposed integration will see Mindtree and LTI join strengths to create an efficient and scaled up IT services provider exceeding $3.5 … Read more
Bizzo, a technology startup, revealed on Thursday that it had received $2 million from a consortium of investors led by ICICI Bank and Orios Venture Partners. Bizzo, which was founded in 2021 and has its headquarters in Mumbai, enables service providers grow, scale, and organise their operations digitally, including automating bookings 24 hours a day, … Read more
SHIELD, the world’s leading risk intelligence company, today officially announced its expansion into India, the fastest growing mobile market worldwide. The move follows successful partnerships with ShareChat, MOJ, and Carandbike, and marks the company’s continued focus on growing its network of clientele across India. SHIELD aims to continue its mission to help digital businesses globally … Read more
Frost & Sullivan has entered into a strategic partnership with Vizru to revolutionize technology transformation for enterprises and accelerate growth for its customers. “Large enterprises have built significant assets over decades in the form of customers, data, contracts, supply chain ecosystems, products, and services,” explained Ramesh Mahalingam, CEO of Vizru. “However, they are struggling to monetize … Read more
SatSure, a deep tech startup working at the intersection of spacetech, Artificial Intelligence (AI), and Software as a Service (SaaS) to drive decision intelligence, is pleased to announce the acquisition of SaaS application CropTrails, which was conceptualised and incorporated in the year 2018 by Indore-based startup OEPP Innovations Private Limited. CropTrails is a web and … Read more
Universal Robots, the Danish producer of collaborative robots (cobots), has reported record Q1 revenue of USD 85m, 30% up on its 2021 Q1 revenue. Kim Nørgaard Andreasen, Chief Financial Officer, Universal Robots, said, ‘Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and … Read more
Drone manufacturer ideaForge has concluded a $20 million Series B fundraising round headed by Florintree, which is run by Mathew Cyriac, a former Blackstone India private equity co-head. Existing investors such as Celesta, a famous deep tech investment firm, Infosys, Qualcomm, and Infina, as well as the Exim Bank of India, participated in the round. … Read more
Tractor Junction, a rural vehicle marketplace based in Noida, revealed on Thursday that it had raised $5.7 million in a seed round headed by Info Edge Ventures and Omnivore. Existing investors AgFunder GROW Impact Fund and Rockstart AgriFood Fund joined the round, as did angel investors such as Cars24 co-founders Vikram Chopra and Mehul Agrawal, … Read more
Amansa Capital, Jungle Ventures, and Nexus Venture Partners led a $120 million Series E investment for Turtlemint, India’s largest insurance advisor focused InsurTech platform. New investors Vitruvian Partners and Marshall Wace, as well as previous investors, participated in the round. This takes the company’s total capital raised since its founding to $190 million. The new … Read more
Celcius, a cold chain marketplace, has raised $4.5 million in pre-Series A funding from Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle, EVAN, and other investors. Celcius, situated in Mumbai, was founded in November 2020 by Swarup Bose, Arbind Jain, and Rajneesh Raman. It is India’s first cold chain marketplace. It provides … Read more
VideoVerse – a video-editing SAAS platform formerly known as Toch.ai – announced today that it has secured $46.8 million in Series B funding led by A91 Partners, Alpha Wave Global and Binny Bansal, who is former co-founder of Flipkart and a current investor in the company. Other investors include Innoven Capital, Pacific Western Bank and Stride … Read more
Loop, a healthcare and insurance business, has received a $25 million Series B round of funding. General Catalyst and Elevation Capital (previously Saif Partners) co-led the round, which also included Vinod Khosla & Khosla Ventures, Sierra Ventures, and a new investor, Optum Ventures. “GC and Elevation are likely to co-lead a new round worth about … Read more
Whatfix, the global leader in the digital adoption platforms (DAP) space, today announced the acquisition of Leap.is (previously Jiny.io), a mobile-first onboarding and assistance platform that brings the value of digital adoption platforms to mobile applications. The deal marks Whatfix’s first mobile DAP product focused acquisition, as well as its largest M&A deal so far. Mobile Expansion … Read more
Thunes, a Singapore-based global payments company, today announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki Holding Pte Ltd (‘Tookitaki’) by making an investment of over $20 million. The alliance of both firms empowers the banking and financial services industry to fight money laundering and offer … Read more
HBox.ai, a healthtech firm, has raised $700,000 in a seed fundraising round led by Arali Ventures to expand its market reach and product stack. HBox, which was founded in 2021, launched its initial offering, ‘Remote Patient Monitoring-as-a-Service,’ with one clinic in March 2021. HBox has signed customers in eight US states since then, resulting in … Read more
