MoooFarm, an information technology startup that bridges the technology gap to help marginalized dairy farmers, announced it has raised Rs 4.3 crore in pre-seed funding round from Rockstart and Navus Ventures, according to YourStory report. The startup will use the current financing to boost expansion, strengthen its product-market fit and hire key technology talent to…
Category: Investment
Grocery Retail startup Kirana King Raises Rs 7 crore in pre-series-A Round
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•Grocery retail Company based in Jaipur, Kirana King has raised Rs 7 crore from Rajasthan Venture Capital Fund, also based in Jaipur. The firm plans to expand its retail network, Manpower, enhancement & development of Technology with the help of the funds raised. Kirana King also aims to expand its operations in various parts of…
TCS to acquire Deutsche Bank’s Postbank Systems
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•Tata Consultancy Services, a global IT services, consulting and business solutions organization, and Deutsche Bank AG have announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support…
Nektar.ai nabs $2.15 mn in seed funding round led by Nexus Venture Partners
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•Nektar.ai, a business-to-business sales productivity startup, announced that it has raised $2.15 million in a seed funding round led by Nexus Venture Partners. Other investors that participated in the current funding round include Insignia Venture Partners, Arka Venture Labs, Better Capital and Vietnam Investments Group. Nektar plans to utilise the capital to fuel expansion, continue…
Mumbai-based Wellness Forever raises Rs130 cr funding from Adar Poonawalla and Allana Group
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•Wellness Forever, a ‘Lifestyle Retail Pharmacy Chain’ which focuses on the complete wellness of its customers, announced it has raised Rs 130 crore in funding from Serum Institute CEO Adar Poonawalla and UAE-based Allana Group. Founded in 2008, the startup has been backed by the Allana Group, Patni Group, Poonawalla Group & Thakral Corporation. “We…
Blue Star bags Rs128 cr order from Taiwan-based iPhone manufacturer Wistron Infocomm
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•Blue Star Limited, an air conditioning and commercial refrigeration major, announced it has won a Rs 128 crores order from M/s Wistron Infocomm for Mechanical Electrical and Plumbing (MEP) works for their factory expansion project. Currently, this order is one of the largest and fast-track projects, being executed by Blue Star in the factories segment,…
Gurugram-based GalaxyCard bags seed funding from a clutch of investors
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•GalaxyCard, a mobile based Instant Credit Card platform based in Gurugram, announced it has raised an undisclosed amount of seed funding from a clutch of investors including Samyakth Capital, according to ET report. Founded in 2018 by Amit Kumar and Gunjeet Singh, GalaxyCard claims that credit cards can be made available within three minutes after…
Bengaluru-based Ather Energy raises $35 mn in Series D funding led by Sachin Bansal
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•Ather Energy, an electric scooter manufacturer, announced it has raised $35 million in Series D funding round led by Sachin Bansal. The round also saw participation of Hero MotoCorp, who invested $12 million as a part of the Series D funding round. Till now, Sachin Bansal has invested $53 million in the startup. Founded in…
Aurobindo Pharma completes acquisition of 100% ownership of Eugia Pharma Specialities
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•Aurobindo Pharma announced that it has entered into a share purchase agreement to acquire 100% equity share capital of MViyeS Pharma Ventures Private Limited (MViyeS). The acquisition was completed on November 6, 2020, the company said in its press release. Before acquisition, MViyeS was holding 32.18% shareholding in Eugia Pharma Specialities Limited, a joint venture…
Hyderabad-based AI-led recruitment platform TurboHire raises $1 mn in seed funding
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•TurboHire, an Intelligent Recruitment platform that specializes in talent acquisition and candidate discovery, announced that it has raised $1 million in a seed funding round led by Pentathlon Ventures. The funding round saw participation from Kia Ora Ventures as well as individual investors Monish Darda, Sanjay Balram and Prabir Jha among others, TurboHire said in…
Social networking platform TUBBR raises angel funding from Global Ascent Partners
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•TUBBR, world’s first personal social network has raised angel funding from Global Ascent Partners and International Growth Consulting & VC fund based in Austin, Texas, according to YourStory report. The Frisco-based startup will use the funds to support TUBBR PRO, which will be unveiled in January 2021. Founded by Saurabh Uttam and Ravi Singhal, TUBBR…
NeoBenk to invest $10 mn in Indian startups as part of its global investment program
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•NeoBenk, a Worldwide Digital Payment Corporation, announced that it is setting up an investment of $10 million in the Indian market of its global investment program of $50 Million (about Rs37.5 Crore). “As investors get cautious about dealmaking in India amid the coronavirus outbreak and their appetite for funding early stage startups are evaporating, NeoBenk…
Koch Separation Solutions to acquire RELCO
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•Koch Separation Solutions (KSS), a global leader in separation technology, announced the acquisition of RELCO, a top provider of cutting-edge process technologies for the dairy and food industry. “The acquisition allows KSS to better serve customers and leverage the synergistic capabilities of its various complementary technologies in the dairy, food, and beverage markets,” the company…
Vimeo raises $150 mn equity funding from Thrive Capital, GIC
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•Vimeo, the world’s leading professional video platform, announced a $150 million equity investment from technology investment firm Thrive Capital and GIC. “The funding comes on the heels of record growth at Vimeo—heavily driven by demand from business and corporate customers —and values the software-as-a-service (SaaS) company at $2.75 billion,” Vimeo said in its press release.…
Pune-based WheelsEMI bags Rs105 cr in Series C funding round
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•WheelsEMI, a Pune-based specialist in financing pre-owned two wheelers, announced it has raised Rs 105 crore in series C funding from its existing investors Faering Capital and Elevar Equity, according to ET report. Earlier, WheelsEMI had raised Rs 23 crore in series A funding in March 2017, followed by series B funding of Rs 100…