Category: Investment

Gurugram-based agritech startup MoooFarm raises Rs 4.3 cr in pre-seed funding round

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…

TCS to acquire Deutsche Bank’s Postbank Systems

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

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

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…

Gurugram-based GalaxyCard bags seed funding from a clutch of investors

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…

Aurobindo Pharma completes acquisition of 100% ownership of Eugia Pharma Specialities

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

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…

NeoBenk to invest $10 mn in Indian startups as part of its global investment program

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

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

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

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…