Techforce.ai, a digital enablement company that offers the most business user-friendly automation software with a vision to amplify human potential at work, announced today that it had closed a seed funding of $1.5 million. Techforce.ai will use these funds to accelerate the development of its no-code SaaS product and expand its global presence. Headquartered in Reston, Virginia, … Read more
Mutual fund distribution platform, ZFunds, today announced two new leadership appointments as the company expands its footprints to make mutual funds Sahi and Asaan for the people of Bharat. While Yogesh Yadav joins as the Chief Technology Officer (CTO), Tanvi Jadhav has been appointed as the Head of Products. The appointments strategically enable ZFunds in … Read more
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
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. … Read more
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 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
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
Niyo, the consumer neo-banking platform, has raised $100 million in its Series C round of funding. The company will be using the funds to accelerate its mission to transform banking in India, and to provide convenient and hassle-free financial services to digital native customers. This Series C round of funding was led by Accel & Lightrock India with … Read more
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
Jellysmack, a worldwide digital media and content creator firm sponsored by SoftBank, has launched its creator programme in India. According to a key official at the company, the company will launch its India operations with 21 content creators in Hindi and English, helping them diversify their portfolio across major platforms like Facebook, Snapchat, and YouTube … Read more
Sumeru Ventures led a Series C fundraising round for GOQii Inc, which raised $50 million. GOQii, a smart-tech-enabled healthcare platform founded in 2014 by Vishal Gondal and headquartered in California with operations in Mumbai, is a smart-tech-enabled healthcare platform that connects customers to the full preventative healthcare ecosystem. Fitness tracker, app, coaching, healthstore, insurance, and … Read more
Actyv.ai, an enterprise Software-as-a-Service (SaaS) platform, has raised $5 million in a pre-Series A investment from 1Digi Investment Management, the Dubai-based family office of Raghunath Subramanian, the company’s global Chief Executive Officer (CEO). Raghunath Subramanian, Raghu Venkat, and Ramkumar Thirumurthi formed the Bangalore-based firm in April 2019. “We have pioneered the B2B BNPL space in … Read more
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
Mudrex, a Y Combinator-backed crypto investing platform based in Bengaluru and San Francisco, revealed on Tuesday that it has raised $6.5 million in pre-Series A funding from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. Mudrex, founded in 2018 by Edul, Alankar Saxena (CTO), Rohit Goyal (VP, DeFi), and Prince Arora (VP, Engineering), simplifies … Read more
Mintifi, a B2B BNPL (buy now, pay later) platform, announced a $40 million Series C investment headed by Norwest Venture Partners and Elevation Capital. Mintifi, which was founded in 2017 by Anup Agarwal, Ankit Mehta, and Sanjoy Shome, works with over 100 prominent companies in India, including Tata Motors, Bridgestone Tyres, Berger Paints, Polycab, NIVEA, … Read more
Nikhil Kamath led a $4 million pre-Series A investment for Kofluence, an ad-tech influencer marketing platform (Co-Founder of Zerodha & True Beacon). The round included notable investors like Kunal Shah (Founder, CRED), Karan Johar (Filmmaker & TV Personality), Apoorva Mehta (CEO, Dharma Productions), Sujeet Kumar (Co-Founder, Udaan), Aprameya Radhakrishna (Co-Founder, Koo), Upsparks (Micro VC), and … Read more
Darwinbox, Asia’s fastest growing HR tech platform, today announced another milestone witha US $72 million funding round, leapfroggingthe companyto a billion-plus-valuation. Led by Technology Crossover Ventures (TCV) along with participation from existing investors Salesforce Ventures, Sequoia India, Lightspeed India, Endiya Partners, 3One4Capital, JGDEVand SCB10X,the round takes the total investment in the company to over $110 … Read more
FedEx Corp. (NYSE: FDX) and Microsoft Corp. (Nasdaq: MSFT) announced the next solution as part of their multiyear collaboration to transform commerce, supply chains and logistics. FedEx and Microsoft will bring together FedEx network intelligence with capabilities from Microsoft Dynamics 365 to introduce a cross-platform “logistics as a service” for retailers, merchants and brands. The companies … Read more
Epigeneres Biotech, situated in Mumbai and the only licensee of Singapore-based Tzar Labs in India, has raised USD 6 million in a Series B fundraising round. Epigeneres Biotech unveiled an early detection cancer test (co-developed with Tzar Labs, Singapore – a specialised molecular diagnostic firm) in May 2021, with a groundbreaking breakthrough in RNA bio-markers … Read more
Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has entered into an agreement to acquire the Israeli company CallHero (www.getcallhero.com). CallHero has developed a unique technical solution for both Android and iPhone, with an AI-enabled assistant. CallHero’s assistant can answer calls for you in a natural language, take messages for you … Read more
