HCL Technologies, a global technology company, announced its intent to acquire DWS Limited, a leading Australian IT, business and management consulting group. As the IT industry continues to evolve and the growing demand for digital strategies increases, DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra, delivers business and technology…
TCARE, the only evidence-based, CMS 1115-approved, and federally accredited family caregiver support platform based in the US, announced that it has raised a $3 million funding led by SixThirty Ventures and joined by Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures and gener8tor fund. TCARE offers an enterprise SaaS-based platform using predictive…
Banyan Software, a company focused on acquiring, building and growing great enterprise software businesses, announced the acquisition of Trans Plus Software, a company that provides an end-to-end software solution to optimize and automate fleet and logistics management. Headquartered in Guelph, Ontario, Canada, Trans Plus is an innovative technology provider offering both asset and non-asset based…
GenieTalk, a Conversational AI startup, announced it has raised its first round of angel investment of $750,000 from Shankeshwar Technologies LLP at a valuation of $10 million, according to YourStory report. The Indore-based startup will use the current funding for developing its SaaS-based platform that helps businesses build tailored and personalised AI-powered virtual assistants, more…
WireBarley, a South Korean fintech startup specializing in global remittance services, announced it has raised 10 billion won ($10 million) in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment. Joon-Hak Bae, Vice President of Magna Investment, who led the Series B funding said, “WireBarley has seen explosive growth and is on…
Classplus, an education technology startup, announced it has raised $10 million in fresh funding led by Alpha Wave Incubation. Existing investors RTP Global and Blume Ventures also participated in the funding round, according to media reports. As per Tofler, the regulatory documents showed that Alpha Wave Incubation has invested Rs 56.32 crore, while Blume Ventures…
Edtech unicorn Byju’s announced the acquisition of LabInApp, a startup that offers lab-like simulations for science students on a mobile app. Founded by engineering graduates Girish Shirigannavar, Pavan Shinde, Pramod Ramdurg and Vinayak Hulabutti, LabInApp is on a mission to revolutionize science learning through 3-dimensional virtual laboratory. Its platform is built on real time computer…
Earlier in the month, Toyota Vice Chairman Shekar Viswanathan had said that the company would not be scaling up its operations in India, citing high tax structure as one of the reasons behind the move. The Union Minister Prakash Javadekar took cognisance of the matter, clearing all doubts on the Company’s move. Speaking on the…
Ericsson, the world’s leading provider of technology and services to telecom operators, announced it has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. According to the press release, the investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise…
Zuper, a Seattle-headquartered SaaS startup, announced that it has raised $1.1 million in seed funding led by Prime Venture Partners. Other investors that participated in the funding round are Gunderson Dettemer and Gemba Capital. According to a statement issued by the startup, Zuper plans to use the funding to further grow and expand in North…
AFK Gaming, an esports content company that creates written, video, social and live content while enabling brands and tournament organizers to engage with the esports audience, announced it has raised $200,000 in pre-Series A funding round from Inflection Point Ventures (IPV), an early-stage investing platform, as per YourStory report. The company will use the current…
Wisdom Gaming Group, the US-based digital media company specializing in esports content and experiences, announced that it has secured $3 million in Series A funding led by Excelsior Ventures Fund. “The investment allows Wisdom Gaming Group to continue aggressively growing its esports marketing platform, digital content and gaming media network portfolio, which includes HeroesHearth, Alpine…
Infurnia, a cloud-native architecture design software startup, announced it has raised $240,000 in funding from a cluster of angel investors including Pallav Nadhani, Founder of FusionCharts. Till now, the startup has raised $1 million in funding, as per YourStory report. Founded in 2014 by Lovepreet Mann, Nikhil Kumar and Parul Jain, Infurnia claims to be…
Infarm, the world’s fastest growing urban farming network based out of Berlin, announced it has raised $170 million investment in the first close of a Series C funding round led by LGT Lightstone. Other investors Hanaco, Bonnier, Haniel, and Latitude, and existing Infarm investors Atomico, TriplePoint Capital, Mons Capital and Astanor Ventures also participated in…
Amazon India announced the expansion of its fulfilment infrastructure in Telangana with 2 new fulfilment centres (FC) in Hyderabad. This expansion will help sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states ahead of the upcoming festive season. With this infrastructure, Amazon.in now offers storage capacity…