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TVW News India

Neurotechnology Startup Phantom Neuro Raises $3.26M In Seed Round

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Phantom Neuro, a burgeoning neurotechnology startup that delivers a low power, high accuracy system for lifelike control of robotic orthopedic technologies, today announced a $3.26 million funding round from leading international and U.S.-based investors. LionBird Ventures, which is headquartered in Tel Aviv and a leader in identifying winning pre-scale digital health companies, led the round with participation from Draper Associates, … Read more

Dentsu APAC named Christina Lee as Chief Technology Officer

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Christina Lee has been named Chief Technology Officer of Dentsu Asia Pacific, with an effective date of April 4, 2022. Christina’s responsibilities will include establishing an overarching technology strategy, industry-leading capabilities and solutions, and driving day-to-day operations through transformational business and technology initiatives. She will be based in Hong Kong and will report to Dominic … Read more

Health Supplement Brand Welly Raises USD 400K in Seed Round Led by Anthill Ventures

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New Delhi-based health and wellness brand, Welly, raises $400K in a Seed round from Anthill Ventures. Founded by Urvi Raghbeer, Welly was selected under Athena, a one-of-a-kind scaling program by Anthill ventures supporting women founders. The funds raised will be utilized by Welly to expand the product portfolio, increase the customer base, and grow the … Read more

Vedantu named in Nikhil Rungta as Chief Growth Officer

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Nikhil Rungta has been appointed as Chief Growth Officer of Vedantu. Rungta will report directly to Vamsi Krishna, CEO and Co-Founder, and will be in charge of growing and driving growth across all business divisions. Brand, social, and digital marketing, strategic partnerships, public relations, and YouTube will all be part of his remit. Rungta will … Read more

Glia Exceeds $1B Valuation as Total Funding Surpasses $150 Million

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Glia, the leading provider of Digital Customer Service (DCS), today announced $45M in Series D funding led by New York based-global venture capital and private equity firm Insight Partners and joined by existing investor Wildcat Capital Management as well as new strategic investors, including RingCentral Ventures™. This latest round of financing brings Glia’s total funding … Read more

upGrad Turns a Profit This Quarter; Crosses USD 300 Mn in Annual Revenue Run-Rate

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South Asia’s largest & Asia’s leading higher EdTech major – upGrad, today reported turning a profit spurred by a 150% growth Y-o-Y in revenues and a stable 70% gross margin, across all its income streams. upGrad is now well-positioned as the most integrated Higher Edtech company in the world – spanning all aspects of LifeLongLearning … Read more

Spice Story raises a pre-series A round from Agility Ventures and others

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Spice Story, a Mumbai-based startup firm has raised an undisclosed pre-series A round fund from Agility Ventures, Maxar.vc, Nafa capital and select FMCG industry leaders viz. Anupam Bokey, Anand Dhodapkar, etc. The raised capital will be primarily used to bolster the distribution network and continue to build scale on the online platforms. Earlier, the brand … Read more

Amazon completes MGM acquisition in $8.5 billion deal

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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

Binance Awarded Specialist License By Dubai’s Virtual Asset Regulatory Authority

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Binance today announced that it has been granted a Virtual Asset License to enable it to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a base for expansion into the region. Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, which includes rigorous regulatory oversight and mandatory FATF compliance controls, Binance will be permitted to … Read more

DataRails Raises $50M Series B Funding

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DataRails, the financial planning and analysis (FP&A) platform for Excel users, announced today that it has raised $50M in Series B funding. The company’s third investment round in the past 12 months, which was led by Qumra Capital, follows a 5x growth in revenue in the past year, positioning DataRails as the market leader in FP&A software … Read more

Fintech startup Perfios turns unicorn raises $68M in funding

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According to paperwork filed with the Registrar of Companies on Monday, Bengaluru-based Perfios Software Solutions secured around $68 million (Rs 525 crore at current exchange rates) from returning investors Bessemer Venture Partners and Warburg Pincus as part of its ongoing Series C round (RoC). Perfios was founded in 2008 by former Aztecsoft founders VR Govindarajan and Debasish Chakroborty as a business-to-consumer personal finance management solution. In 2012, the company shifted its focus to providing banks and NBFCs with insights based on data analysis of bank statements, tax filings, and business financials for credit evaluation, monitoring, fraud, and other services via its platform. The digital solution from Perfios assists financial institutions in reducing turnaround time and improving credit decisions.

Immutable Raises $200 Million To Bring Blockchain Gaming To The Masses

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Immutable, which is powering the world of NFTs as the leading carbon-neutral, scalable platform for trading NFTs on Ethereum, today announced it secured $200 million in Series C financing led by Temasek, with investments from leading blockchain game juggernaut Animoca Brands and technology company Tencent, bringing its valuation to $2.5 billion. ParaFi Capital, Princeville Capital, … Read more

Boeing Commits US$2 Million to Support Humanitarian Response in Ukraine

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Boeing today announced a US$2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water, clothing, medicine and shelter to displaced Ukrainians – including those seeking refuge in neighboring countries. In addition, Boeing will match all qualifying employee contributions made in … Read more

Social media platform Koo raises $10 Mn funding from over 20 Investors

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Koo, a social media platform, has raised more than $10 million in two rounds of funding from investors such as Ashneer Grover Caspier Venture Partners, Ravi Modi Family Trust, and others. Koo is a less restrictive social media microblogging platform. It was launched in March 2020 by the co-founders of vocal (Aprameya Radhakrishna and Mayank … Read more

Increff Raises $12 Million In Series-B Funding

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TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital led a $12 million Series B fundraising round for SaaS firm Increff. The funding will be used by the Bengaluru-based business to open offices and enhance its staff in the United States and Europe, as well as to expand its product and service offerings. Increff, … Read more

Realty Firm Sushma Group Raises Rs 100 Cr From Motilal Oswal Group

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Sushma Group, a real estate company based in Punjab, has raised Rs 100 crore from Motilal Oswal Group for the building of a residential project. The funds will be used to expand Sushma Joynest MOH 1, the company’s current housing project in Zirakpur, Punjab. In this 10.75-acre project, the business is building approximately 1,050 units, … Read more