Eavor Technologies Inc., the leader in scalable geothermal technology, has completed a USD$40 million funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline, the company said in a release. Eavor’s technology, known as Eavor-Loop, uses the…
Zolve announced it has raised $15 million in seed funding round led by Accel and Lightspeed, with participation from Blume Ventures and notable angel investors including Dr. Ashish Gupta (ex-Helion MD), Greg Kidd (angel investor in Twitter & Ripple), Kunal Shah (founder of Cred), Rahul Mehta (Managing partner at DST Global) and Rahul Kishore (Senior…
GMM Pfaudler Limited announced that it has successfully completed the transaction to acquire a majority stake of its parent, the Pfaudler Group (Pfaudler) from the private equity firm Deutsche Beteiligungs AG Fund VI (DBAG), after receiving all necessary regulatory approvals. Pursuant to the acquisition, GMM has become the ultimate holding company of the Pfaudler group,…
Taxiforsure Raghunandan G’s new fintech startup Zolve raised $15M led by Accel Partners, Lightspeed Ventures “In an increasingly connected world, though people are moving across countries at an accelerated pace, the global financial systems are archaic and fragmented, creating headwinds for a global citizen. With Zolve, we aim to create a financial world beyond borders…
An edtech firm, Pariksha, has secured $2 million in the fresh financing round. The pre-Series A funding round saw participation from Bharat Inclusion Seed Fund, LetsVenture Plus, Innercircle and 9Unicorns. The round also saw participation from INSEAD Angels and Venture Catalysts. Founder and CEO,Pariksha – Karanvir Singh stated, “This round will help us shift up…
Ally.io, a hypergrowth technology company specializing in goal-setting and business execution software, has announced a $50M Series C funding round led by Greenoaks Capital. Tiger Global, who led the company’s Series B round, and Madrona Venture Group also joined the round, as well as previous investors Accel, Addition Ventures, Founders’ Co-Op, and Vulcan Capital. With…
Edtech unicorn Unacademy announced that it is acquiring a majority stake in TapChief, a professional networking startup. The deal valued TapChief at ₹100 crore. This is the seventh acquisition by Unacademy in the last one year. Post acquisition, TapChief’s investors that include Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Blume Ventures among others, will be…
UptimeAI has secured $1.5 million in the latest funding round. The seed round was led by YourNest Venture Capital along with other angel investors. Vamsi Yalamanchili, CTO and Co-founder of UptimeAI, said, “Customers are tired of spending millions, getting stuck in endless pilots and waiting for years to get a return on investment. At UptimeAI,…
1Kosmos, the cybersecurity solution to provide digital identity proofing and passwordless authentication, has announced a $15 million investment from ForgePoint Capital, the premier venture investor for early-stage cybersecurity companies. Led by CEO Hemen Vimadalal, CTO Rohan Pinto and CSO Mike Engle, 1Kosmos’ family of products—BlockID Verify, BlockID Workforce and BlockID Customer—delivers security for enterprises and…
Gibraltar Technologies (GT), an AI-based digital solutions company with offices in the Middle East, has announced their acquisition of HCL Infotech, part of the USD 10 billion IT giant HCL Group. Incorporated in 1986, HCL Infosystems Ltd is an information enabler, ICT system integrator and distribution company. HCL infosystems in its latest filings have mentioned that the HCL Infotech…
Zomentum, an end-to-end sales acceleration platform for IT channel partners, has raised $13 million in Series A funding round from Elevation Capital, Accel, and Greenoaks Capital. Eight Roads Ventures also participated in the funding round. The funding will be used to further build out its product and for geographic expansions. The San Francisco- and Bengaluru-based…
Dating app Aisle has raised a pre-Series A funding round led by Anas Rahman, Founder and MD of Hurun India, and Vinod Jose, Founder of seed funding firm Konglo Ventures. The Indian dating startup will utilise the funding to enter Tier-II markets across India, as well as expand its reach into foreign markets. Commenting on…
Accenture has acquired Edenhouse, a UK-based independent SAP partner. The acquisition will further enhance Accenture’s capabilities to support clients in their digital transformation journey. Terms of the acquisition were not disclosed. Founded in 2008 and an SAP platinum partner, Edenhouse specializes in the sale, implementation, support, and hosting of SAP products and services to mid-sized businesses. “Now…
DoiT International (DoiT), a global multi-cloud software and managed service provider with deep expertise in Kubernetes, Machine Learning, and Big Data, has announced that it has acquired ProdOps, a provider of scalable software operations and infrastructure automation services. The demand for elasticity in the public cloud has never been greater as customers continue to adapt applications and workflows at an…
Bengaluru-based learning platform – Unacademy has bought a majority stake in TapChief. The valuation of the professional networking platform now stands at Rs 100 crore. The networking platform was established in 2016 with a mission to empower professionals with technology. The company claims to help over 150,000 solopreneurs to work with more than 250 customers,…