Turns, a vertical SaaS firm for the laundry sector, has secured $500K in pre-seed funding from Better Capital, PointOne Capital, and a group of outstanding angel investors. With a full stack software & hardware integrated solution that includes a contemporary POS, customer management, easy payments, accounting, employee management, logistics optimization, and compliance, Turns assists launderettes … Read more
Giga Fun Studios, a startup in Bengaluru that specialises in casual gaming, today announced that it has raised $2.4 million in a seed round headed by Lumikai, India’s first gaming and interactive media-focused venture capital fund, and the consumer experts Fireside Ventures. In addition to Riverwalk Holdings, this round also included All In Capital, Kettleborough … Read more
World V and YourNest Venture Capital, along with two other significant investors—Auxano Capital and She Capital—announced a Series A fundraising of over $2 million for India’s top metaverse platform, which links architects, designers, and building construction engineers with product manufacturers. The round was co-led by World V and YourNest Venture Capital. The Architecture, Engineering, and … Read more
actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of the company. This includes an earlier tranche of $5 million … Read more
MillionICU, an initiative by Dozee, India’s first AI-based contactless Remote Patient Monitoring (RPM) & Early Warning System (EWS), has partnered with British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, to upgrade 6000 hospital beds in ~140 public hospitals across India and in other regions to transform the public healthcare landscape. The … Read more
Qritive, a leading healthcare AI firm, has announced a $7.5M investment round headed by MassMutual Ventures and supported by SEEDS Capital and Exfinty Venture Partners. Qritive will use the new funds to expand geographically, increase its product portfolio, and assist regulatory clearances. Qritive, which was founded in 2017 by Dr Aneesh Sathe and Dr Kaveh … Read more
US-headquartered Confluent, Inc., the data streaming pioneer, today announced that it has signed a definitive agreement to acquire Immerok. Immerok is a leading contributor to Apache Flink, a powerful technology for building stream processing applications and one of the most popular Apache open-source projects. Immerok has developed a cloud-native, fully managed Flink service for customers looking … Read more
MetaMan, a men’s jewellery business, announced the acquisition of Drip Project, a new-generation cheap luxury jewellery firm, for USD 1 million. This strategic acquisition will strengthen MetaMan’s position in the country’s burgeoning industry for men’s online jewellery. Drip Project Co-Founders – Harsh Maskara will join Metaman as a Co-Founder, and Rohit Golia will join the … Read more
With customer-centricity and innovation at its heart, Motorola is committed to giving consumers in India a ‘No Compromise’ – True 5G experience that allows them to discover, connect, and expand in the world around them through 5G. Motorola, in partnership with Reliance Jio has ensured that its 5G smartphones in India support Jio’s advanced Stand-Alone … Read more
RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, today announced that it has entered into a definitive agreement to acquire Adara Inc. (Adara) through an asset purchase agreement. The Silicon Valley headquartered global leader in predictive consumer intelligence to enhance its AI-powered DaaS (Data as a Service) and … Read more
According to The Economic Times, Ericsson intends to hire over 2,000 people in Pune. In addition to establishing a technological hub in Pune with its partner in contract manufacturing, Jabil, Ericsson India will expand its operations and production capacity there. The telecom equipment company claims in a statement that the recruiting will be finished in … Read more
Leading flexible workspace provider WeWork India has secured INR 550 crores from funds managed by BPEA Lending, one of India’s biggest private credit platforms. WeWork India’s optimistic outlook for growth and strong performance in FY23 are nearly matched by the finance. Commencing operations in India in 2017 with 100K sq ft and 2200 members, WeWork … Read more
Gurugram based Healthcare-Fintech startup SaveIN has raised more capital riding on the rapid growth that the company has demonstrated in the first year of its launch. The Y-Combinator backed startup has now raised a total of $8Mn over the last nine months, making it one of the larger early stage rounds among Indian startups in … Read more
actyv.ai, headquartered at Singapore and a category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has announced the appointment of Mukund R Srinivas as its General Counsel & Head – Legal & Compliance. A corporate generalist attorney, Mukund comes with more than 24 years of experience, handling diverse functions including cross … Read more
GalaxEye Space, a SpaceTech start-up focused on earth observation, today announced that it has successfully raised a $3.5 million round of seed round of funding led by Special Invest, a deep-tech venture capital firm. This fundraise is historic for the India SpaceTech market given the funding amount and speed with which the round was closed. … Read more
Blod.in, a health-tech startup based in Chennai, secured an undisclosed amount in pre-seed funding. The deal was facilitated by Tamilpreneur, led by Shyam Siddarth, Founder & CEO and Praveen Krishna, Co-founder & CMO. Prabhu Rangarajan (Co-Founder of M2P Fintech), Mohan K (Co-Founder/CEO of IppoPay),, Vijay Pravin (Co-Founder/CEO of bitsCrunch), Ashok Vardharajan (CTO of bitsCrunch), Savitha … Read more
