Mihup Communications, a Kolkata-based conversational AI platform, has raised $1.5 million in an ongoing Series A round. The round was led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain (Founder of Netcore), and Jayant Kadambi (Founder and CEO YuMe Networks). Earlier in 2019, Mihup raised $1.7 million in the similar round. The firm will…
Under the Innovation and Agri-entrepreneurship Development of the Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR), MANAGE (The National Institute of Agricultural Extension Management) has offered ₹4 crore to around 40 agricultural start-ups. “Start-ups are frontrunners and innovative enthusiasts bringing in the transformation in the agriculture sector,” commented P Chandra…
5C Network, a radiology platform making Radiodiagnosis more accessible, affordable and accurate, has raised $1.2 million in its pre-Series A funding round from existing investors Unitus Ventures and Axilor Ventures. The company will use the fresh capital to boost its products and services that help doctors and patients make better decisions, Kalyan Sivasailam, CEO at…
Joby Aviation, a transportation company developing an all-electric, vertical take-off and landing passenger aircraft, has announced that Uber Technologies, Inc has agreed to invest a further $75 million in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded partnership between the two parent companies. This investment…
Duff & Phelps, provider of governance, risk and transparency solutions, has announced the acquisition of Blackrock Expert Services Group, an expert advisory specialist firm of construction, technology, accounting and financial services professionals. Blackrock Expert Services Group will join Duff & Phelps’ Disputes Consulting practice. Giles Derry, CEO of the London-headquartered firm, will join the Disputes Consulting leadership…
The Asian Development Bank (ADB), a development finance institution that provides loans, technical assistance, equity investments, and grants for development activities, has approved a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas in India. The onset of the coronavirus disease (COVID-19) pandemic has put pressure and revealed…
Piramal Pharma Limited’s Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), has announced its plans to expand Michigan facility with additional capacity and new capabilities for the development and manufacturing of Active Pharmaceutical Ingredients (APIs). The company is investing ~US$32 million in the facility to keep up with expected demand based on…
The Everstone Group has announced that it has reached an agreement to sell Everise, an Everstone controlled entity founded in partnership with Sudhir Agarwal led Sunrise BPO to Brookfield Business Partners and its institutional partners (Brookfield). Sudhir Agarwal, Founder & CEO of Everise will continue in his role. Everise is a Singapore-headquartered, next-gen customer experience (CX)…
Bangalore-based startup, DealShare has secured $21 million in Series C funding round. The round was led by WestBridge Capital, Falcon Edge Capital-managed Alpha Wave Incubation – a venture fund, Z3Partners, along with participation from existing investors Matrix Partners India and Omidyar Network India. “With this round of investment, we will augment our brand presence across…
Education technology startup focused on mathematics, Cuemath has landed $40 million in Series C funding. The fresh round of funding was led by LGT Lightstone Aspada and Alpha Wave Incubation, managed by Falcon Edge along with participation from existing investors Sequoia Capital, Capital G – Google’s investment arm and Manta Ray. Earlier, the math learning…
HDFC Bank, India’s largest private-sector bank, has picked up a minority stake in smallcase Technologies, a financial-technology startup focussed on capital markets and related infrastructure. Recently, the startup raised $14 million in its Series B funding round led by DSP Group. In a statement, Bengaluru-based smallcase said the transaction is part of its Series B…
Aurora has announced the acquisition of Uber’s self-driving unit, Advanced Technologies Group, to accelerate the development of the Aurora Driver. “By adding the people and technology of Uber’s Advanced Technologies Group to the incredible group we’ve already assembled at Aurora, we’re shifting the landscape of the automated vehicle space,” said Chris Urmson, co-founder and CEO…
Moody’s Corporation, a global integrated risk assessment firm that empowers organizations to make better decisions, announced that it has acquired ZM Financial Systems (ZMFS), a leading provider of risk and financial management software for the U.S. banking sector. The transaction advances Moody’s position as a leader in integrated risk assessment by broadening Moody’s Analytics’ suite…
Mumbai-headquartered Atomberg Technologies, energy-efficient smart fans maker has secured Rs 70 crore in Series B funding round. The series-B funding round was led by A91 Partners along with participation from Suman Kant Munjal’s family office Survam Partners and Trifecta Capital. The hardware product company has raised $10 million in the previous round led by A91…
Investcorp announced that it has entered into a definitive agreement to sell Avira to NortonLifeLock, a global leader in consumer Cyber Safety, for approximately US $360 million. The transaction is expected to close in Q1 2021, subject to regulatory approvals and customary closing conditions. Avira is a Germany-headquartered, global cybersecurity software solutions firm serving the…