A seed fundraising round led by Sequoia Capital India, Speciale Invest, and Whiteboard Capital raised $3.35 million for the semiconductor business Mindgrove technology, which was incubated at IIT Madras. Ashwini Asokan (Mad Street Den) and Nischay Goel, two individual investors, also took part in the round (Duro Capital). The deeptech business plans to add personnel … Read more
Chronicle, a firm that makes presentation software, has raised $7.5 million in a preliminary fundraising round that was jointly led by Accel Partners and Square Peg. Moreover, angel investors from Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe took part in the round. The business stated that it intended to use the funds obtained … Read more
Infosys, a global leader in next-generation digital services and consulting, today announced that it will expand its collaboration with Microsoft, to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414 billion in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved … Read more
Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced that it has expanded its partnership with Vodafone Germany towards the transformation of its sales and customer experience processes. As a part of this multi-year engagement, Comviva, a Tech Mahindra company, will deliver a unified sales solution across mobile, fixed, cable and … Read more
Sonata Software, a leading Modernization and Digital Engineering company, has announced that Sonata Software North America Inc., (SSNA), a wholly owned subsidiary of Sonata Software Limited (SSL), has signed a definitive agreement with the Shareholders of Quant Systems INC., a Texas (USA) based IT Solutions and Software company, to acquire 100% stake. This acquisition is … Read more
Intents Mobi, a Gurgaon based geospatial intelligence startup today announced that it has raised Rs 1.5 CR. The funding was raised on “The Barbershop with Shantanu”, a podcast show helmed by Shantanu Deshpande, Founder – The Bombay Shaving Company. The round saw participation from prominent executives from various organizations. Founded by Tabrez Alam, Naresh Kumar … Read more
Blockfenders, a data analytics startup, today announced a $1.5 million pre-seed investment round from a variety of institutional and entrepreneurial investors to address this deadlock and help businesses achieve their objectives. Headquartered in Palo Alto, Blockfenders was co-founded in 2022 by friends of 20 years Viraj Phanse and Niranjan Ingale with the aim of making … Read more
Freight management SaaS startp Freightify has raised $12 million in a Series A fundraising round, a mix of equity and debt, led by Sequoia Capital India, with participation from TMV and Alteria Capital as well as current investors Nordic Eye Venture Capital and Motion Ventures. The startup intends to use the cash to improve its … Read more
A multi-brand two-wheeler workshop chain called SpeedForce has been acquired by Bengaluru-based ReadyAssist, a roadside assistance business, for $10 million in cash and equity. The announcement comes two months after it secured $5 million in a fundraising round headed by Howen International Fund, SPC. With this, ReadyAssist hopes to compete in India’s largest network of … Read more
The bridge between a business strategy and successful execution is something that all businesses are focussed on. Yet 60% stumble on this path (according to Gartner) because of gaps in their ability to execute. To support businesses on their journey, Profit.co which is laser focussed on Objectives and Key Results (OKRs) metrics is announcing a $11M funding … Read more
Australian media intelligence company, Truescope, has strengthened its position in North America by acquiring leading agency, Universal Information Services (UIS). Founded in 2019 and now operating in Singapore, New Zealand, and North America, Truescope is experiencing rapid growth in all markets – a commercial response to the company’s advanced SaaS platform, product innovation and experienced … Read more
In its latest round of funding, led by Nexus Venture Partners, CapGrid, a B2B cloud manufacturing startup for precision parts, announced it had raised $ 7 million. Existing investors Axilor and Anicut Capital also participated in the round. In the round, Deepak Jain, a senior partner at Bain and the director of the automotive business … Read more
Ayena Innovation is a Ranchi, Bihar-based startup that works in the home furnishings and décor industry. JSW Steel Coated Products (JSWSCPL), a wholly owned subsidiary of JSW Steel, announced that it has reached an agreement to buy a 31% ownership in the company for a cash payment of INR 59.9 crores. JSWSCPL will be able … Read more
With an aim to empower young students, Spreading Happiness InDiya Foundation (SHIF), a non-profit collaboration between cricketing icon Sachin Ramesh Tendulkar and Schneider Electric India is on a mission to provide access to digital education in more than 150 Rural Indian schools by 2025 under the SMITA Program. Through this association, they also aim to introduce the concept of Digi Green wherein … Read more
Pune-based health and wellness startup, iThrive has joined hands with Illuminations, one of the leading wellness companies in the UAE and the Middle East to offer its functional nutrition courses in GCC countries. Functional Nutrition is an alternative medicine modality that claims to use advanced medical testing and the most up-to-date medical science to uncover … Read more
New-age digital entertainment and technology company, JetSynthesys, has acquired majority stake in Fanory, a start-up that helps creators monetize better than what is possible on social media platforms. As part of this transaction, JetSynthesys has onboarded ex-Twitter India Head and Fanory’s co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys. Shareholders of JetSynthesys include the family … Read more
