Country Delight, a startup that produces and distributes good quality and unadulterated milk at doorstep, has raised $25 million in its Series C funding led by Elevation Capital (formerly SAIF Partners). IIFL AMC along with existing investors Matrix Partners India and Orios Venture Partners also pumped in additional money, the company said in a statement.…
Bharti Airtel announced it will acquire 5.2 per cent stake in Avaada MHBuldhana, a solar power firm, for Rs 4.55 crore. Avaada MHBuldhana Private Limited, a subsidiary of Avaada Energy Pvt. Ltd(AEPL), is a newly-formed company that is developing a captive generating solar power plant in Maharashtra which will become operational by March 2021, Bharti…
Bengaluru based group health insurance startup Plum has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. The company has raised funds from Sequoia’s Surge, the accelerator and early-stage investment programme of marquee venture capital firm Sequoia, Entrackr reported. Other participants include IF India Partnership, Tanglin Ventures, AngelList and…
Verizon Media and BuzzFeed announced a new strategic partnership across content and advertising, the acquisition of HuffPost by BuzzFeed, and an investment that will make Verizon Media a minority shareholder in BuzzFeed. Additional terms of the deal were not disclosed. From powering new consumer shopping experiences, to content syndication, to innovative ad products, the partnership…
Forter, an e-commerce fraud prevention company, announced it has raised $125 million at over $1.3 billion valuation in Series E funding led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon. Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures also participated in the funding round. The startup will use the…
Inspira Enterprise, the leading name in end-to-end IT solutions, known for its path-breaking technologies and a market leader in cybersecurity consultancy, announced the acquisition of SmartCirqls Infotech’s Splunk business unit, well known for their platform capability in Cybersecurity and Big Data Analytics. “Acquiring the analytics business unit from SmartCirqls will consolidate Inspira’s hold in the…
NIRA, a Bengaluru-based fintech firm has raised an additional $1 million from existing angel investors. This round takes the total funds raised by the startup to over $4 million so far. The tech firm has previously also raised an undisclosed follow-on sum from Techstars, a US seed accelerator as a part of the 2019 accelerator’s…
Reliance Retail has raised fundraise of Rs 47,265 cr in exchange of 10.09% stakes. The “largest fund raised exercise in the sector” is completed within two months. According to a statement released by the parent company, Reliance Industries Ltd., all the investments have been completed, with receipts of funds and issue of shares. Ms Isha…
Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, announced its acquisition of Datalytyx, a leading next-gen data engineering and consultancy company. Headquartered in London, Datalytyx provides Next-gen Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally. As the first Snowflake Rockies Partner…
Centre of Innovation and Entrepreneurship (CIE-IIITH) Avishkar accelerator program startup Instoried raises $1 million from pre-series A round of investment, with Mumbai Angels leading the round, and follow-on investments from Venture Catalysts’ 9 Unicorns Fund London-based JPIN and others. Commenting on Instoried’s successful funding, Prof. Ramesh Loganathan, CIE-IIITH said, “All our programs target early-stage deep-tech…
Modulr, a leading Payments as a Service API platform based in London, has secured a £9 million investment from PayPal Ventures to develop additional products, grow its team and expand its customer base. Modulr enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and accounting to easily embed and build new…
Eduvanz, a Mumbai-based finance company that is making education universally accessible by providing easy, transparent and speedy financial assistance using innovative technology solutions, has acquired Klarity, an online one-on-one platform that connects students with professionals in their area of interest to provide video-based mentoring. Financial details of the deal were undisclosed. The acquisition will help…
Udemy, the largest global marketplace for learning and teaching online, has announced that the company has raised $50 million at a $3.25 billion pre-money valuation in a Series F financing round. Leading global edtech and growth funds including Learn Capital participated in the funding round. The company will use the current financing to grow its…
IBM has signed a definitive agreement to acquire Instana, an application performance monitoring and observability company. The acquisition will help businesses better manage the complexity of modern applications that span the hybrid cloud landscape. Today’s news further advances IBM’s Hybrid Cloud and AI strategy and strengthens its AI-powered automation capabilities. Financial details were not disclosed.…
DaMENSCH, a Bengaluru-based designer and seller of men’s apparel, has raised around Rs 50 crore in its Series A funding round. The funding was led by Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital. Founded in 2018 by Anurag Saboo and Gaurav Pushkar, DaMENSCH’s product portfolio comprises a range of innerwear that…