Medtech & Biotech startup EzeRx has announced that it has raised Rs 1.75 crore in a seed funding round led by Odisha-based incubator KIIT-TBI, according to YourStory report. Post investment, the startup is valued at Rs 12 crore. The company will use the seed funding to boost expansion. Other angel investors include Sudip Row Chowdhury,…
Cognizant announced it has agreed to acquire Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. This is Cognizant’s eighth acquisition to date in 2020 to accelerate growth in the company’s key strategic focus areas of cloud, AI and analytics, software product engineering, and…
Sugar Cosmetics, a Mumbai-based cruelty-free makeup brand, announced that it has raised $2 million debt funding led by Stride Ventures. The venture debt fund said it has partnered with an Indian private bank for this deal. “In a fiercely competitive landscape, Sugar has managed to stand apart in a short span of time. Their branding,…
Tekion, a cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, announced its Series C financing round of $150 million at over a $1 billion valuation. The funding round was led by Advent International, one of the largest and most experienced global private equity investors, with participation from Index Ventures, Exor…
AAK, a provider of value-adding vegetable oils & fats announced that it has acquired the remaining 31 percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Ltd. that was formed in September 2015. AAK now owns 100 percent of AAK Kamani. The acquisition will further strengthen its…
Signzy, an AI powered RPA platform for financial services has announced that it has raised $5.4 million in funding from Arkam Ventures and Mastercard, according to the media reports. Existing investors Kalaari Capital and Stellaris Venture Partners also participated in the funding round. The artificial intelligence platform will use the current financing to strengthen its…
Snap Fitness, the world’s premier 24/7 fitness concept creating happy and healthy lifestyles for its members, announced the reacquisition of the UK and Ireland market from its Master Developer. Snap Fitness’ investments will include infrastructure development, club growth, franchise support and innovative product and technology offerings. Jon Cottam, previously Managing Director, Europe of Lift Brands…
Moody’s Corporation announced the acquisition of Acquire Media (AM), an aggregator and distributor of curated real-time news, multimedia, data, and alerts, from Naviga, Inc., a leading provider of content engagement solutions for the global media industry. The acquisition advances Moody’s Analytics’ (MA) position as a leader in Know Your Customer (KYC) solutions by strengthening its…
Supplynote, a Noida-based supply chain platform, announced that it has raised Rs 4.3 crore in a seed funding round led by US-based SOSV and Australia-based Artesian Ventures, according to ETtech report. Existing investors SucSEED Ventures, CIO Angel Network, Venture Catalysts and a clutch of angel investors also participated in the funding round. Till now the…
4iQ, a company that provides adversary intelligence that helps organizations measure, monitor and manage digital risk has announced that it has raised $30 million in Series C funding led by ForgePoint Capital and Benhamou Global Ventures, with participation by C5 Capital, Adara Ventures and the addition of TheVentureCity. Also, 4iQ has announced that it has…
Slintel, an intent-powered sales and marketing intelligence platform, announced that it has raised $4.2 million in a funding round led by Accel, with participation from Sequoia Capital India and existing investor Stellaris Venture Partners. Recently, the startup raised funding from Stellaris Venture Partners and Powerhouse Ventures. The company will use the funding to build its…
InnAccel Technologies, a Bengaluru-based medical technology innovation platform for global emerging markets, announced that it has raised $1.5 million in a pre-Series A funding round led by Mount Judi Ventures, along with participation from Siraj Dhanani and A Vijayarajan. The startup plans to use the funds in commercialising its products in India and other emerging…
ShopUp, a Bangladesh-based full-stack B2B commerce platform for small businesses has raised $22.5 million in Series A funding round. The round was co-led by Sequoia Capital India and Flourish Ventures, along with VEON Ventures, Speedinvest, and Lonsdale Capital. Founded in 2017 by Afeef Zaman, Ataur Rahim Chowdhury, Navaneetha Krishnan J, Siffat Sarwar and Sujayath Ali,…
Chinese e-commerce giant Alibaba Group announced that it will invest approximately $3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China. As part of the transaction, Alibaba will acquire 70.94% of equity interest in A-RT Retail Holdings Limited from Auchan Retail International S.A. and its subsidiary (Auchan…
VisIC Technologies Ltd., a global leader in gallium nitride (GaN) devices for automotive high-voltage applications, announced it has raised a Series E financing round with participation from MediaTek, the world’s 4th largest global fabless semiconductor company. The company will use the current funding to further expand its portfolio for Electrical Vehicles high power systems. “This…