Solavio labs, a start-up incubated at AIC Raise incubator, has been selected for acceleration in the 2020 winter cohort by a Canadian accelerator, Energia Ventures. The cohort program started on Sept. 14, and will culminate on Dec. 9 in a demo day in which all participants will pitch their businesses and display their products. Apart from…
Salesforce, the leading CRM platform company has entered into a definitive agreement to acquire Slack Technologies, Inc., an enterprise communications platform. The deal represents an enterprise value of approximately $27.7 billion.
Neodocs, an IIT Bombay alumni founded, Artificial Intelligence-based Health Tech Platform, has raised funds from VC 9Unicorns along with two angel investors. Founded by Nikunj Malpani, Anurag Meena and Pratik Lodha, the Mumbai-based startup enables self-diagnosis through its AI-based technology as it aims to disrupt the healthcare sector. Apoorv Ranjan Sharma, cofounder and managing director…
Habitat, an ed-tech platform for civil servant aspirants, has raised Rs 5 crore in its seed funding round. The startup raised the funds from impact investment firm Unitus Ventures and Whiteboard Capital, Habitat said in a statement. The startup will use the funds to strengthen its team and upgrade its technology, Habitat CEO Rohit Pande…
Two-wheeler maker TVS Motor Company has acquired Intellicar Telematics Private Ltd for an estimated sum of ₹15 crore. Bengaluru-based Intellicar Telematics Private Limited provides a one stop integrated IoT solution with fleet tracking and predictive maintenance solutions to a range of vehicle types. The Telematics startup is a technology focused data-driven organization in the connected…
Cloud computing services provider, Sinch, has announced that Softbank-owned SB Management has bought a 10.1% stake in the company. Sinch said in a statement it had issued 3.2 million new shares at a subscription price of 1.050 crowns per share, a 6.6% discount to Monday’s closing price, raising about 3.3 billion Swedish crowns ($386 million)…
K-12 EdTech start-up, Codingal has raised USD 560,000 in a seed round led by Rebright Partners, Java Capital, and GSF Accelerator. The startup plans to use the seed fund to build a 1M coding community of school kids by introducing STEM-related courses, competitions, and hackathons in the K-12 segment. Launched in September 2020, this fully…
Vistaar Finance has raised Rs. 225 crore (US$ 30 million) External Commercial Borrowing (ECB) from FMO, the Dutch entrepreneurial development bank, making this amongst the larger such transactions in the MSME segment this year. Vistaar has now raised over Rs. 550 crore of debt financing in seven months of this financial year. These funds will be deployed…
Bangalore-based startup, CRED has raised $80 million in Series C funding from existing investors. DST Global led the round, with participation from other existing investors Ribbit Capital, Sequoia Capital and Tiger Global. The startup is founded by Freecharge founder Kunal Shah and is now valued at $800 million which is almost double of its valuation…
Facebook has reached an agreement to acquire Kustomer, a top-rated CRM that enables businesses to effectively manage all customer interactions across channels. Kustomer helps businesses automate repetitive tasks so their agents can maximize the time and quality of interactions with customers. With this acquisition, Facebook can improve its offerings for businesses that have a presence…
Customer Success startup Gainsight has been acquired by Vista Equity Partners (Vista), a global investment firm focused on enterprise software, data and technology-enabled businesses. Gainsight and Vista will partner to further accelerate the Customer Success movement and growth in the Customer Success profession, Gainsight said in its press release. As part of the deal, Gainsight…
TVS Motor Company, has acquired Intellicar Telematics, an IoT solutions company. The deal is valued at about Rs. 15 Cr., and is expected to complete by 31st December 2020. The deal is expected to help TVS accelerate it’s ongoing digital initiatives that are targeted at delivering enhanced customer experience. Intellicar was setup in 2015, and…
Raskik, a fusion beverages startup, has raised $1 million in pre-Series A funding round led by Venture Catalysts and 9Unicorns, according to YourStory report. Other investors Syed Safawi (ex-CEO, Reliance Communications); Snapdeal’s Founders Kunal Bahl and Rohit Bansal; Santosh Desai (MD and CEO Future Brands) ANAA International LLC; Amit Jain (CEO L’Oreal India) Promoters of…
Kyt, an online-first, global academy for extracurriculars, designed by the best educators from around the world, announced it has raised $2.5 million in funding led by Sequoia Capital India’s Surge. The capital will be used to expand its online-first, global academy for extracurricular learning. It has plans to add more courses, including chess, various musical…
Let’s Dive, a Bengaluru-based platform for remote employee engagement and building team culture, announced it has raised $1.7 million in funding led by Sequoia Capital India’s Surge, according to ET report. The funding round also saw participation from Village Global and angel investors like Ravish Naresh, founder of Khatabook, and Sai Srinivas, cofounder of Mobile…