Hopscotch, a fast-fashion kids’ clothing brand, announced it has raised $25 million in funding from EE Capital, an investment arm led by Facebook co-founder Eduardo Saverin, Lionrock Capital, Rise Capital, RPG Ventures and IIFL Seed Ventures Fund. Angel investors including Wei Yan, the cofounder of Diapers.com, and Techpro Ventures, the fund owned by Atul Nishar,…
Melorra announced that it has raised $12.50 million in funding from Symphony Asia, Lightbox Ventures and Alteria Capital. Existing investors and new family offices of Burman, Jeejeebhoy, others also participated in the funding round. The startup will use the funds for technological innovations, product innovations, and marketing to grow the brand awareness and position Melorra…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a…
Onsitego, an after-sales services startup for personal devices, gadgets, small and large home appliances, announced that it has raised $10 million in an extension to its Series B funding round from IFC. Avendus Capital acted as the financial advisor for this transaction. Earlier in February, the startup had raised funds from Zodius, with participation from…
Illumina and GRAIL, a healthcare company whose mission is focused on multi-cancer early detection, announced they have entered into a definitive agreement under which Illumina will acquire GRAIL for cash and stock consideration of $8 billion upon closing of the transaction. In addition, GRAIL stockholders will receive future payments representing a tiered single digit percentage…
BYJU’S, India’s e-learning platform, announced it has raised funding from BlackRock, Sands Capital, and Alkeon Capital. However, the company did not disclose financial details. Existing investors General Atlantic, Owl Ventures, and Tiger Global also participated in the funding round, BYJU’S said in a statement. Earlier this month, BYJU’S had raised funds from Silver Lake along…
BestDoc, a healthcare startup that provides intelligent Patient Relationship Management for Hospitals, announced it has raised $2.1 million in pre-Series A funding round from US-based Accel and Bengaluru-based Arkam Ventures. Existing investor SEA Fund also participated in the funding. Founded in 2016 by Afsal Salu, Fayaz Bin Abdu, and Soudabi Neduvanchery, BestDoc started as a…
Hewlett Packard Enterprise, the global edge-to-cloud platform-as-a-service company, announced it has completed the acquisition of Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, for $925 million. Post acquisition, Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. The acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise…
Vivriti Capital, a marketplace for small enterprises and individuals that lack efficient access to financial services, announced it has raised Rs 100 crore in a round led by existing investor Creation Investment. Earlier, the firm had raised Rs 350 crore in March from LGT Lightstone Aspada, and Rs 310 crore in 2019 from Creation Investments.…
Mobile Premier League (MPL), a Bengaluru-based mobile eSports platform, announced it has raised $90 million in its latest financing round led by SIG Global and RTP Global, according to ETtech report. Post funding, the company’s market valuation stood at $450 million. The company also executed a buyback of employee stock ownership plans (Esops) worth $3.2…
Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, announced that it has completed the acquisition of Majesco, a global leader of cloud insurance software solutions for insurance business transformation. As previously announced on August 8, 2020, under the terms of an amended and restated definitive merger agreement, Thoma Bravo…
Visa, the global leader in digital payments technology, announced the launch of a grant program in India to support women entrepreneurs with its global partner, IFundWomen. As an extension of two successful programs launched in the U.S. this year, women entrepreneurs in India will now receive funding from Visa to grow and expand their business.…
Imagine Impact, the ground breaking content accelerator and online marketplace startup founded by Academy Award-winning duo Brian Grazer and Ron Howard, announced the close of its Series A financing round led by Benchmark, one of Silicon Valley’s most storied Venture Capital firms. Impact joins eBay, Hipcamp, Instawork, Nextdoor, OpenTable, Stitch Fix, Uber, Yelp, Zillow, and…
Brightstar Capital Partners, a private equity firm focused on partnering with founders, entrepreneurs and management teams, announced that it has signed a definitive agreement to acquire a majority stake in Brightstar Corp, in partnership with the Company’s senior management team. Brightstar, a subsidiary of SoftBank Group Corp, is the global leader of end-to-end device lifecycle…
TheHackingSchool.com, India’s First Coding Bootcamp, announced merger with iCollege Ltd, an Australia based education company. TheHackingSchool.com is founded by Meraj Faheem, a Hyderabad based serial entrepreneur. This merger will bring iCollege to India and also take the bootcamp style training to multiple sectors in the majority of the locations worldwide where they operate. TheHackingSchool.com is…