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Klub’s Rs. 200 Crore Revenue Based Financing Fund Backs 15 Growth Stage Companies in 3 Months

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Klub, India’s leading Revenue Based Financing platform, today announced that it has funded more than 15 growth & late-stage online businesses through its Rs. 200 crores Revenue Based Financing fund. The fund’s diverse portfolio consists of digital businesses such as the popular online apparel platform, Bewakoof, India’s largest gourmet chocolate brand, SMOOR, Gourmet Garden, The New Shop & many more. … Read more

Jobandtalent raises USD 250m debt facility to enable flexible wage payments to workers

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Jobandtalent secured USD 250 million debt financing from US investment banks Citi, Goldman Sachs and European investor AnaCap Financial Partners (“AnaCap”). The debt financing will allow Jobandtalent to facilitate tangible benefits and enhance its foundation for innovative financial products offered to workers. For example, it will be used to enable daily payments and free early … Read more

Universal Robots Reports Record Q1 Revenue Of Usd 85m

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Universal Robots, the Danish producer of collaborative robots (cobots), has reported record Q1 revenue of USD 85m, 30% up on its 2021 Q1 revenue. Kim Nørgaard Andreasen, Chief Financial Officer, Universal Robots, said, ‘Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and … Read more

Drone manufacturer ideaForge raises $20 million in funding

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Drone manufacturer ideaForge has concluded a $20 million Series B fundraising round headed by Florintree, which is run by Mathew Cyriac, a former Blackstone India private equity co-head. Existing investors such as Celesta, a famous deep tech investment firm, Infosys, Qualcomm, and Infina, as well as the Exim Bank of India, participated in the round. … Read more

Vegan health wellness brand Fitspire raises $300k In funding

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Fitspire, a vegan health and wellness firm, has acquired $300,000 in funding from Ivor Braganza and Rajesh Sud, two worldwide marquee investors. Fitspire, founded in 2020 by IIM Lucknow graduate Vipen Jain, offers a variety of nutritional health and wellness products. Fitspire produces Vegan Proteins, Multivitamins, Vitality, Healthy Snacking (Bars and Peanut Butter), Weight Management … Read more

SUN Mobility and Terra Motors Collaborate to Accelerate EV Adoption in India

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Terra Motors, a Japanese electric vehicle manufacturer with the vision of creating a new industry and sustainable society, has entered into a strategic partnership with Sun Mobility, the leading provider of battery swapping services for electric vehicles (EVs). Together, the two companies plan to integrate Terra Motors’s 3W passenger vehicles and 2W platforms with SUN … Read more

Mendel Raises $40 Million Series B Round

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Mendel, the leading clinical artificial intelligence and natural language processing platform, today announced it has raised $40 million in Series B funding round led by Oak HC/FT. The round includes participation from existing investor DCM, who led Mendel’s Series A funding round in June 2021. This funding comes amidst surging customer demand for Mendel’s AI infrastructure. The fresh … Read more

Cold chain startup Celcius raises $4.5 million in bridge funding

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Celcius, a cold chain marketplace, has raised $4.5 million in pre-Series A funding from Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle, EVAN, and other investors. Celcius, situated in Mumbai, was founded in November 2020 by Swarup Bose, Arbind Jain, and Rajneesh Raman. It is India’s first cold chain marketplace. It provides … Read more

upGrad Vietnam Launches Bilingual Courses and Local Partnerships to Spearhead Country Growth

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upGrad, Asia’s higher EdTech major with a strong presence across the APAC doubles down on the Vietnam region to address the strong local demand for digital-first education, as the country heads towards Industry 4.0. The Edtech major has recently appointed Ex-OYO Dushyant Dwibedy as the Vietnam Country Head with a mandate to build a strong … Read more

Coimbatore-based agri startup VilFresh raises Rs 1.15 cr from Native Angels

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Native Angels, a Tier II and III region-focused angel investor network, led a Rs 1.15 crore angel fundraising round for Coimbatore-based agro firm Laymen Agro Ventures, which operates under the VilFresh brand. Upaya Social Ventures and Sangam Ventures also took part in the round. The business hopes to use the funds to expand to five … Read more

CoinDCX Secures $135 Million, Valuation Doubles To $2.15 Billion

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CoinDCX, India’s most valuable crypto trading platform, has secured $135.9 million (about Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital, more than doubling its valuation to $2.15 billion in less than a year. The money comes as cryptocurrency exchanges in India are subjected to new taxation restrictions. Due to limited access … Read more

NamasteyNFT Announces India’s First-Ever Web3 ‘Mega-Event’ in Bengaluru

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‘NamasteyNFT’ – a collective that aims at empowering and supporting artists and creators-is thrilled to host ‘NamasteyNFT Bengaluru 2022’, a one-of-a-kind, free-to-enter event to be held at the Bangalore International Exhibition Centre from May 14-15, 2022. Giving more details, NamasteyNFT spokesperson Mayank Tiwari said, “The event will witness a confluence of artists, developers, and collectors … Read more

Mytaverse Closes $7.6 Million Seed Round Fueling Development of the Enterprise Metaverse Infrastructure

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Mytaverse, the next-gen platform empowering enterprises in a virtual shared metaverse, today announced that it has raised $7.6 million in Seed funding to support the evolving needs of enterprises. Blumberg Capital led the round, joined by Baselayer Ventures, Correlation Ventures, Accelerator Ventures and others. A follow-on investment was made by Alberto Peisach. David Blumberg, founder and Managing Partner of … Read more

Singapore Payment Firm Thunes Takes Majority Stake in AML and Compliance Platform Tookitaki

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Thunes, a Singapore-based global payments company, today announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki Holding Pte Ltd (‘Tookitaki’) by making an investment of over $20 million. The alliance of both firms empowers the banking and financial services industry to fight money laundering and offer … Read more

Xirify is on a Massive Integration Spree to Bring A Sustainable, Cost-effective Online Shopping Solution

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Xirify- a Pune-based hyperlocal, quick commerce App for ordering products and services announced integration of Cashfree Payments, Petpooja, Gupshup, Exotel, and Brozo (Previously known as Wefast), to become a one-stop order management solution for business partners. Having created a mark for itself in the marketplace which is to a large extent dominated by big players, … Read more

Movember launches world’s first NFTs that could save men’s lives

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To help spread awareness around Testicular Cancer Awareness Month this April, men’s health charity Movember, will launch the world’s first NFT (Non-Fungible Token) that could save a life. Designed by art collective MISHKA NYC, in collaboration with MRM New York, the Non-Fungible-Testicles NFT project aims to create awareness around the risk of testicular cancer, providing users with the reminders … Read more