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
realme, the world’s fastest-growing smartphone brand, has announced its collaboration with FDCI x Lakmé Fashion Week as a co-partner. The first-ever association of the world’s fastest-growing, trendsetting brand with the country’s premier fashion event, underlines realme’s commitment to endorse sustainable trends in its product design and heritage. Fashion Design Council of India (FDCI) together with … Read more
Glip, a creator tool suite for gamers to create and monetise, has raised $3 million in its pre-series A round led by Prime Venture Partners. The round also saw the participation of existing backers Better Capital and iSeed. Prominent angels include Paavan Nanda (WinZO), Nilay Arora (Tencent), Suhail Sameer (BharatPe), Ravish Naresh (Khatabook), Vivek Hallekere … Read more
Nazara Pte. Ltd., a wholly owned subsidiary of Nazara Technologies Limited, an India-based diversified gaming and sports media company, has made an investment in BITKRAFT Ventures, a US-based game fund. Nazara will invest USD 2.5 million in BITKRAFT Ventures, with USD 0.875 million going into the company right once and the remaining USD 1.625 million … Read more
Infosys a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire oddity, a Germany-based digital marketing, experience, and commerce agency. The move strengthens Infosys’ creative, branding and experience design capabilities, and demonstrates its continued commitment to co-create with clients and help them navigate their digital transformation journey. With more than 300 … Read more
DigiLocker, a software that allows users to digitise and save a copy of over 560 different Indian documents, including government-issued ID cards, has reached 100 million users. The app is the Centre’s initiative to build a paperless government environment, which was conceived roughly six years ago by India’s Ministry of Electronics and IT. DigiLocker aims … 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
