Zepto, a 10-minute grocery delivery service, has raised $100 million (Rs 755 crore) in a new round of funding, valuing the company at $570 million. The Series C financing was headed by Y-Continuity Combinator’s Fund. Existing backers such as Nexys Venture Partners, Glade Brook Capital Partner, Contrary Capital, and private investor Lachy Groom also participated … Read more
QuEST Global, a global product engineering services company, announced today its partnership with NXP® Semiconductors to deliver software support for NXP’s S32G Vehicle Network Processors. QuEST will provide valued services to help OEM’s and Tier-1’s unlock the true potential of the NXP S32G processors to deliver a highly-secure vehicle network that combines ASIL D safety, hardware … Read more
Wipro Limited, a leading global information technology, consulting and business process services company, today announced it has signed an agreement to acquire Austin, Texas headquartered Edgile, a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. Edgile is recognized by security and risk leaders for its unique … Read more
In a Series G fundraising round headed by Alpha Wave Global (Alpha Wave Ventures II), Tiger Global, and SoftBank Vision Fund 2, Gurugram-based OfBusiness, which operates an online B2B marketplace for enterprises, raised $325 million (Rs 2,465 crore). Alpha Wave Global put in about $175 million in this round, while Tiger Global and SoftBank put … Read more
Hevo, a SaaS firm based in San Francisco, revealed today that it has raised $30 million (about Rs 228 crore) in a Series B fundraising round headed by Sequoia Capital India, Qualgro, Lachy Groom, Chiratae Ventures, and angel investors. Sequoia’s Surge, Qualgro VC, Lachy Groom, and Chiratae Ventures had previously invested $8 million in the … Read more
S Chand, a New Delhi-based education content company, has decided to buy a minority position in iNeuron Intelligence Private Limited, a Bengaluru-based edtech startup. Mukesh Sharma Family Trust, S Chand Directors, S Chand Key Managerial Personnel, and others have also invested in the round. Mr. Mukesh Sharma, a co-investor, is a serial entrepreneur and educator … Read more
Global online trading brand Swiss Crypto Bank has officially announced an interesting collaboration with veteran and trusted trading platform MetaTrader 4. According to Swiss Crypto Bank’s spokesperson, Anthony Barone, this is the optimal solution for today’s trading environment, and more importantly, for tomorrow’s one as well. “We see that thousands worldwide are already showing interest in our … Read more
Harvard Business School Online is announcing a new certificate course taught by Srikant Datar, Dean of Harvard Business School, called Design Thinking and Innovation. The course will help leaders be more inventive and creative in their approach to strategic initiatives and problem-solving. Datar, the George F. Baker Professor of Administration, has held many leadership roles at Harvard Business … Read more
MoEVing, India’s leading e-mobility technology platform, today announced its total seed funding of USD 5 million, including USD 1 million raised earlier this year, from accomplished entrepreneurs, private equity and investment banking professionals and automotive industry experts. The investors in the latest round include D.S. Brar, Promoter-Chairman, Aragen Life Sciences; Anshuman Maheshwary, COO, IIFL Wealth and Asset Management; Dr. … Read more
Atomberg Technology, a consumer product company, has raised $20 million in growth funding from Jungle Ventures and Inflexor Ventures. Existing investors such as A91 Partners and notable angel investor Ramakant Sharma, Co-founder of Livspace, also participated in the round. Atomberg, founded in 2012 by Manoj and Sibabrata Das, invented the ‘Brushless DC Motor’ (BLDC) technology … Read more
Bureau, a frictionless identity verification and fraud protection platform, announced on Thursday that it has raised $12 million in a Series A round led by Quona Capital and Commerce Ventures, with participation from Okta Identity and strategic angels Mark Britto, EVP Chief Product Officer at Paypal, and Bobby Mehta, Retd. President and CEO of TransUnion. … Read more
Wipro Limited, a leading global information technology, consulting and business process services company, today announced that it has signed an agreement to acquire LeanSwift Solutions, a Florida, US headquartered system integrator of Infor Products whose service capabilities include ERP, e-commerce, digital transformation, supply chain, warehouse management systems, business intelligence and integrations. LeanSwift has development offices across … Read more
Coinsbit India has received massive response from the community, onboarding 1+ million KYC verified users, to become India’s fastest growing exchange. They also organized India’s largest Airdrop yet with CIN, giving out users upto $200 worth of CIN tokens. Besides this Coinsbit India also introduced our 5-level referral scheme and staking options in addition to the … Read more
Mio, the leading provider of chat interoperability, today announced its Series A financing round of $8.7 million, led by Zoom Video Communications, Inc. and Cisco Investments. Mio will use the funds to enhance its messaging interoperability service for enterprise customers. Users of team collaboration apps like Zoom Chat, Microsoft Teams, Slack, and Webex by Cisco can use Mio … Read more
Metro Brands Ltd, a footwear retailer backed by ace investor Rakesh Jhunjhunwala, announced on Thursday that it has raised a little over Rs 410 crore from anchor investors ahead of its IPO on Friday. According to a BSE circular, the company has allotted 82.05 lakh equity shares to anchor investors at Rs 500 each, bringing … Read more
Discovery, Inc., the world’s leading provider of live entertainment, announced today that it has acquired the assets, technology, and intellectual property of ZEDO, an advertising technology firm with offices in the United States and India. The acquisition will bring ZEDO’s technology in-house, allowing Discovery’s ad solutions to innovate more quickly. This acquisition adds significant ad … Read more
