Instoried, an augmented writing platform which improves customer interest and engagement, announced that it has raised $1 million in pre-Series A funding led by 9Unicorns and Mumbai Angels, according to YourStory report. Other investors that participated in the funding round are JPIN, Jain Angel Network, SOSV, Artesian, FAAD Angel Network, Lead Angels, and a US-based…
The Flipkart Group announced the acquisition of Scapic, an Augmented Reality company, to enhance its immersive shopping experience capabilities. Founded in 2016 by Ajay Ponna Venkatesh and Sai Krishna V K, Scapic is a cloud-based platform which enables creation and publishing of Augmented Reality (AR) and 3D content, currently serving clients across e-commerce and marketing. …
Business-to-Business retail tech start-up, Arzooo has secured an undisclosed sum from Zoom’s Founder Eric Yuan and venture capitalist, Bill Tai. Arzooo.com is Zoom meeting app’s founder, Eric Yuan’s first investment in India meanwhile Bill Tai has been a VC since 1991 and has had 22 of his startups become listed companies. Prior to Arzooo, he…
IBM announced it has reached a definitive agreement to acquire TruQua Enterprises, LLC, an IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions to Fortune 500 companies. Financial details of the deal were not disclosed. This acquisition enhances IBM’s expertise in migrating financial platforms to SAP to help businesses…
Honeywell, a global leader in connected buildings, announced a strategic investment in Trinity Mobility Private Limited, an India-based software company and provider of the leading internet of things (IoT) Smart Cities platform and software applications. Financial details of the deal were not disclosed. This strategic investment will allow Honeywell to expand its smart cities capabilities…
Instamojo, a full-stack transactional platform aimed at bringing small business online, has announced that it has raised an undisclosed sum of funding from investors including the venture arm of Japan’s Gunosy. In a blog post, the Gunosy Capital Pte Ltd said it had made an additional investment in Instamojo. As per Entrackr report, the investment…
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), announced that it has acquired equity shares of online furniture and decor platform Urban Ladder Home Decor Solutions Pvt Ltd for ₹182.12 crore. RRVL has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring…
MindTickle, Sales Readiness platform, has raised $100 million in a combination of equity and debt financing, led by Softbank Vision Fund 2¹ to prepare customer-facing employees everywhere to drive revenue growth. The round also saw participation from existing investors, Norwest Venture Partners, Canaan, NewView Capital, and Qualcomm Ventures. The Sales enablement platform seeks to use…
S4S Technologies, a company using innovative technology to restore and add value to India’s inefficient agricultural supply chain, announced it has closed a $1.75 Million pre-series A round led by Acumen Fund, along with Factor[e] Ventures and (C-SAW). The startup will utilise the current financing to further develop their network of rural women drying partners, expand…
EY India, a provider of assurance, tax, strategy, transaction and consulting services has acquired IIT alumni backed AI startup Spotmentor Technologies. With the acquisition, the professional services firm seeks to add in its product offerings, emerging technologies such as artificial intelligence and machine learning to help organizations. The Gurugram-based software platform uses Natural Language Processing…
Info Edge said its investee company Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 billion, according to PTI report. “Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors…The transactions valued…
Maryland-based Truebill,personal finance and savings app has secured $17M in Series C Funding. The series C funding round was led by Bessemer Ventures and also saw participation from Day One Ventures, Eldridge Industries, Cota Capital, and Firebolt Ventures. The personal finance startup seeks to utilise the funds to further accelerate its operations and reach. Founded…
Nepra Resource Management, a waste management and recycling company specializing in the collection, segregation, processing, and recycling of local municipal dry waste, including plastic, announced it has raised $18 million in Series C funding from Aavishkaar Capital and Circulate Capital. Nepra will utilise the current funding to further expansion across India. The company has a…
SBICAP Ventures Limited (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets Limited has raised 25 million euro from European Investment Bank (EIB). Eight low-income and developing states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal is eyed by SBICap Ventures for investment while focusing…
Tata Consultancy Services, a global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announced that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in…