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
Edu-fintech startup, Financepeer has unveiled its new brand identity “LEO1”. The new identity reflects the company’s transformation from a Fee Financer to an Education enabler. “This transformation to ‘LEO1’ with a distinctive visual brand identity is a step towards becoming a stronger, pioneering, and more independent entity marking a pan-India presence. Through the rebranding, the … 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
On-demand workforce platform Avenue Growth has just secured a fresh round of funding from India Accelerator, the country’s sole seed accelerator programme and member of the Global Accelerator Network. Other well-known businesses, such as Growth Opportunities Fund, IAES Ventures LLP, and the Ministry of Electronics and Information Technology, participated in the financing round as well … Read more
Edology, an online education provider, has established a strategic alliance with EDGE Metaversity, one of the Unreal Authorised Training Institutes in India, to offer a 9-months Online Metaverse Game Design Certification, an innovative online certification programme for budding game designers. The Metaverse Game Design Certification is intended for people who enjoy gaming and want to create metaverse … Read more
NETGEAR, the leading provider of networking products that power businesses both large and small, forms a strategic partnership with Crestron Electronics, Inc to support streamlined AV installations. As a part of the association, 4 models of the versatile NETGEAR M4250 AV Line Series switches would now be available directly through Crestron. A dominant player in the growing transition to AV-over-IP, … Read more
Unleash those true gaming skills within you with a gaming keyboard that helps you take complete control over your game. India’s leading player, and provider of Innovative, Digital, and Portable gadgets, Portronics announces its debut in the gaming industry with its first Wireless RGB Gaming Keyboard ‘Hydra 10’. The keyboard has a premium build with … Read more
Telangana is committed to providing an impetus to EV adoption and aims to play a pivotal role in India’s transition to electric mobility, said, Shri KT Rama Rao, Minister for IT E&C, MA&UD and Industries & Commerce, Government of Telangana. “We strongly believe India is well equipped to develop as a hub for manufacturing of electric … Read more
Delhivery Ltd., India’s largest fully integrated logistics provider, has partnered with eSamudaay, a software solution provider, to enable rural businesses to scale by serving customers across India. Coming together of Delhivery and eSamudaay, network partners of ONDC, effectively broadens the footprint of local products and aligns with the government of India’s plans of ‘Make in … Read more
Clix Capital Services Pvt Ltd (‘Clix Capital’) – one of India’s leading non-banking financial services companies, under a new leadership has made huge strides in turning around its business this year. Challenged by COVID and the associated lock-downs, several NBFCs and lending institutions struggled to manage growth and asset quality, and Clix was no different. However, over … Read more
Movate (formerly CSS Corp), a digital technology and customer experience (CX) services company, today announced the appointment of Aaron Fender as Executive Vice President and Chief Delivery Officer for its Digital CX business. Aaron will lead Movate’s global delivery for its digital customer experience business unit, and also serve as an integral part of Movate’s executive leadership team, influencing the … Read more
Lavender, provider of the leading AI-powered sales email coaching platform, today announced it has raised $13.2 million in funding which includes an $11 million Series A that closed just weeks after a $2.2 million seed round. Norwest Venture Partners led the Series A with participation from Signia Venture Partners. Signia led the seed round with participation from CapitalX and Position Ventures. … Read more
According to media sources, edtech unicorn Byju’s has fired over 1,500 workers in a new round of layoffs. Employees mostly from the design, engineering, and production verticals have been impacted by the layoffs. Around 2,500 employees, or 5% of Byju’s workforce, were let go in October. Around 1,500 people were let go by Byju’s due … 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
Uniphore, a leader in conversational AI and automation today announced it has acquired Red Box, the leading open enterprise platform for capturing voice, screen and metadata from conversations. Red Box’s proven track record in capturing and securing every voice and screen conversation, in real-time and post call, is a powerful addition to Uniphore’s portfolio and will bolster the capabilities … Read more
Vedanta Aluminium, India’s largest producer of aluminium, has raised USD 250 million through Sustainability Linked Loans (SLL) from leading international banks, for financing its capex initiatives and reducing carbon footprint. The loans were granted on the basis of specific performance parameters for decarbonization and safety, which the company aims to meet by deploying these funds … Read more
Superfood brand Nourish You has raised $2 million as part of its Seed funding round, which also included seasoned investors like Y Janardhana Rao of Triumph Group, Rohit Chennamaneni, co-founder of Darwinbox, Nikhil Kamath, co-founder of Zerodha, Abhijeet Pai, co-founder of Gruhas Proptech, and Abhinay Bollineni, CEO of KIMS Hospitals, among others. With the additional … 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
Saarthi Pedagogy, a startup in the edtech space, raised Rs 10 crore from venture capital firm GVFL Limited before closing its Rs 30 crore pre-Series A investment. Pinnacle Investments, a division of the Prestige Group, also participated in the current round. The business intends to increase the size of its technological team, produce more content, … Read more
