Reliance Industries and Reliance Retail Ventures have announced that The Public Investment Fund (PIF) will invest ₹ 9,555 crore for an equity stake of 2.04% into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.587 lakh crore. This investment will further strengthen PIF’s presence in India’s…
The Flipkart Group has announced investment in USPL (a premium youth-focused fashion brand house) to enhance its fashion portfolio and will work with USPL to expand product offerings on its platform. This is a Series F funding for USPL from the Group and also had participation from existing investor Accel Partners. This investment will…
Gully Network, a tech-enabled network of mid-sized grocery stores, announced it has raised $1.2 million in a pre-Series A funding round led by Venture Catalysts. Inflection Point (IP) Ventures and DFAN (Digital Futurists Angels Network) also participated in the funding round. Founded in 2019 by Ajay Nain and Prateek Chaturvedi. Gully Network partners with existing…
Traya, a healthtech startup announced that it has raised an undisclosed amount of seed funding from Kae Capital and Whiteboard Capital. Angel investors Puneet Kumar from Steadview Capital and Suhail Sameer from BharatPe participated in the current seed funding round. The startup will use the funds for research and development, expanding its product range, detailed…
Podcastle, a startup that converts text news and articles to a podcast, with very natural human speech using machine learning, announced that it has raised $1.75 million seed funding led by Sierra Ventures. Other investors that participated in the funding round include Andrew Ng’s AI Fund and Correlation VC. Founded in early 2020 by Artavazd…
PAS Global, the OT Integrity company that delivers software solutions that prevent, detect, & remediate cyber threats, announced that it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions. With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage…
Adani Gas Ltd has signed a definitive agreement for acquisition of 3 Geographical Areas namely Ludhiana, Jalandhar and Kutch (East). All 3 GAs have high volumes potential in terms of demand of over 6.5 MMSCMD over a period of 10 years. These GA’s are under Phase 1 of Bharat Mala Pariyojana by NHAI which will…
Charge+Zone, an electric vehicle (EV) charging startup has raised $3 million in a pre-Series A funding round led by Venture Catalysts, according to VCCircle report. Other investors that participated in the funding round include Mumbai Angels Network, Keiretsu Forum, and the Ramakrishnan Family Office. Founded in 2018 by Kartikey Hariyani and Pavan Bakeri, Charge+Zone claims…
Eggoz, a Bihar-based agritech startup that produces fresh and chemical-free eggs, announced it has raised $1.5 million in a pre-Series A funding round from Avaana Capital and Rebright Partners. The startup will use the current financing to expand into newer markets, launch new products and strengthen its tech platform. Founded in 2017 by Abhishek Negi,…
Logistics solutions startup Bizlog announced it has raised Rs 12 crore in a pre-series-A round led by IAN fund. Founder of Adishwar, Paras Jain, also participated in the funding round. The company plans to use the current funding to develop technology, create a roadmap to onboard new verticals and expand the business pan India over…
Direct selling business, Amway has announced an investment worth Rs 150 crore for digital and automation transformation. The company stated – “Digital is the most heavily invested function at Amway. The company has announced an investment of Rs 150 crore in India to boost manufacturing automation, home delivery and to strengthen its digital capabilities. With…
ACG, a leading supplier of integrated pharmaceutical manufacturing solutions announced acquisition of a significant stake in Mumbai-based start-up IQGEN-X. The funds so infused by ACG will be utilized for setting up a cGMP facility and also the development & filing of new ANDAs. The move sees ACG expanding further into the R&D side of drug…
Fedo, a Bengaluru-based insurtech platform that predicts the health risk profile of individuals from a photo and 5 simple questions, announced that it has raised $1 million in pre-Series A funding round led by Unicorn India Ventures, according to ET report. A clutch of investors including former Max Bupa managing director & CEO Ashish Mehrotra…
Gurugram-based startup, Leena AI has raised $8Mn in Series A funding led by Greycroft. The round also saw investment from several individual investors like Adam Miller, Founder of Cornerstone OnDemand, Chairman of Greycroft – Alan Patricof and Jim Moffatt (ex-Chairman/CEO of Delloite Consulting). Adit Jain, Co-founder and CEO, Leena AI, said – “Legacy internal helpdesks…
Manipal Hospitals announced it has entered into a definitive agreement to acquire Columbia Asia Hospitals. As per the media reports, the US-based hospital chain Columbia Asia has been acquired for Rs 2,000 crore. Post acquisition, Manipal Hospitals will have over 7,300 beds across 15 cities, over 4,000-doctors and 10,000 employees, making it the second largest…