HDFC Ltd has said it will acquire 19.9 per cent stake in Renaissance Investment Solutions ARC (asset reconstruction company) Private Ltd for Rs 49.8 lakh, according to PTI report. According to regulatory filing, HDFC Ltd entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited. “The investment would result in holding of 4,98,750…
AlgoBulls Technologies Pvt Ltd, an algorithmic trading platform focussed on stock markets, has raised funds from startup incubator and accelerator Venture Catalysts. Financial details of the funding remain undisclosed. Founded in 2019 by Suraj Bathija, Jimmit Patel and Pushpak Dagade, AlgoBulls provides its customers with Fully Automated Algorithmic Trading & ready-to-use stock market knowledge. “The…
Shipsy, a software-as-a-service logistics platform that enables data driven decision making enhancing visibility and operational efficiency for Supply Chain industry, has raised $6 million in a Series A funding round. The funding round was led by Surge, the accelerator programme of Sequoia Capital India, and existing investor Info Edge (India) Ltd. The startup will utilise…
Power Gummies, a Delhi-based nutritional supplement brand, has raised a bridge round of financing from Agility Venture Partners and existing investor DSG Consumer Partners. Till now, the startup raised $1 million in funding. Launched in 2018 by Divij Bajaj, Power Gummies claims that it has sold 8 lac gummies in the first year of its…
Cars24, an online platform for selling pre-owned vehicles, has raised $200 million in a Series-E funding round led by DST Global at a post-money valuation of over $1 billion. Existing investors Exor Seeds, Moore Strategic Ventures and Unbound also participated in the funding round. The company will use the current funding to invest aggressively in…
upGrad, India’s largest online higher education company, announced its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount. Bengaluru-based TGA is one of India’s premier coaching institutes with 57 centers across India and 76 million video hours consumed by its almost 2 lakh enrolled learners…
Reliance Industries Limited said that its subsidiary Jio Platforms has received the subscription amount of ₹ 33,737 crore from Google International LLC, as part of the deal announced in July wherein Google agreed to buy a 7.73 per cent stake in Jio platform. This is the biggest-ever investment by Google in an Indian company. The…
Rainmatter Capital, a Zerodha-backed fintech fund that invests and incubates innovative fintech startups, announced that it has pumped in Rs 10 crore into ERPNext, an open-source project being built in India. In a press release, Rainmatter said ERPNext offered multiple modules, from inventory management, payroll, sales and support, customer relationship management to employee wellness. Being…
Kahoot!, the global learning platform company, has announced the acquisition of Drops, one of the fastest growing language platforms in the world. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the magic of Kahoot! to Drops users. “We…
Cashfree, a Bengaluru-based payment gateway startup, has announced that it has raised $35.3 million in its Series B funding round. The current funding was led by London-based private equity fund Apis Partners’ Apis Growth Fund II. Existing investors Y combinator and Smilegate Investments also participated in the funding round. With this investment, the company’s valuation…
GlobalLogic Inc., a leader in Digital Product Engineering, announced that it has acquired ECS Group, a leading digital transformation and DevOps consultancy. Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company…
CompuGroup Holding USA, Inc., a 100 % subsidiary of CompuGroup Medical SE & Co. KGaA, has announced that it is acquiring 100 % of eMDs, Inc., a leading provider of integrated electronic health records, practice management software, revenue cycle management solutions, and credentialing services for physician practices and enterprises. “Today, CompuGroup Holding USA and MDeverywhere…
EbixCash, a fully owned subsidiary of Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has acquired a 70 percent stake in pan-India based BPO company AssureEdge Global Services. AssureEdge is today recognized as the first independent customer retention and customer…
Lancify, a Bengaluru-based startup that is building the world’s strongest young workforce by teaching young people new-age skills related to the latest SaaS tools, has announced an angel round of funding worth $300,000, according to YourStory report. Investors that participated in the round are Techstars, Under 25, former Babajob executive Vir Kashyap, Hari TN, Head…
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western…