Bengaluru headquartered, PhableCare, India’s largest chronic disease management company, has raised Series B funding of INR 187 crores (USD 25 Million) within one year of raising Series A. The round was led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in … Read more
Newfront, the modern insurance brokerage platform, today announced a $200 Million investment at a $2.2bn valuation led by the Growth Equity business within Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders Fund and Meritech Capital. “The nature of risk has changed drastically over the past century but the insurance industry has not modernized … Read more
Surance.io has recently completed a round of financing from Tech Mahindra that acquired 25% equity of the start-up with an option to invest in additional 20%. The initial investment is at the amount of US$ 4 million which will support the global expansion of the strong player in the InsurTech industry. Surance.io is an innovative … Read more
Instoried, a user-friendly, intuitive web platform designed to help people craft empathetic and more effective written content, has announced that it has signed an agreement with the GEM Global Yield LLC SCS, an alternative investment group with offices in Paris, New York, and the Bahamas. Under the agreement, GEM will provide a Share Subscription Facility … 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
Venus Aerospace, a startup developing hypersonic aircraft, raised a $20 million Series A funding round led by Prime Movers Lab, which invests in breakthrough scientific companies that reinvent and transform the way we live and operate. Venus Aerospace is building a zero-carbon emission spaceplane that will enable one-hour global travel. One year after closing its … Read more
In a landmark development of taking the Indian EV Journey to a global leadership position, Triton EV has signed an MoU with the Gujarat State Government for setting up the world’s iconic EV Truck Manufacturing Plant with a minimum investment commitment of Rs 10 Thousand Eight Hundred Crore over a span of 5 years. The … 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
Amit Chhajer has been named Director of Engineering at Lummo (previously known as BukuKas). Renuka Thakur, an ex-Shopify executive, has joined the SaaS company’s leadership team in India, which is based in Jakarta and Bengaluru (Product). Amit Chhajer joins the team with over 11 years of expertise. In his previous work at Dunzo, he was … Read more
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
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
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
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
FTX Trading Limited, and West Realm Shires Inc., the companies behind FTX.US and FTX.COM respectively announced a long-term partnership with four-time Grand Slam singles champion, Naomi Osaka. In addition to becoming an FTX global ambassador, Osaka will receive an equity stake in FTX Trading Limited and will be receiving compensation in crypto. The four time Grand Slam … Read more
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
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, 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 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
ekincare, an AI-powered health benefits firm, announced a $15 million Series B fundraising round headed by HealthQuad and Sabre Partners, with participation from previous investors Ventureast, Eight Roads Ventures, Siana Capital, and Endiya Partners on Thursday. ekincare is a customised, full-stack health benefits platform founded in 2015 by Kiran Kalakuntla, Srikanth Samudrala, and Dr Noel … Read more
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
