CustomFit.ai, the Bengaluru-based no code SaaS personalisation platform, announced it has raised a pre-seed round of funding led by Java Capital. The round also saw participation from investors including Upsparks, FirstCheque, and LetsVenture, reports YourStory. Founded in 2019 by Ashwin Kumar and Shoaib Mohammed, CustomFit.ai drives the growth by putting personalization at the center of…
School of Accelerated Learning (SOAL), an alternate system of education that employs research and feedback driven methodologies to enable deeper and meaningful learning of future ready skills, announced that it has raised $1 million in Series A-1 funding from SARA Investments, the investment arm of the promoters of Munjal Auto Industries Ltd. The Mumbai-based startup…
i3 Systems, an insurance-tech startup based in Mumbai, announced that it has raised $1.5 million pre-Series A funding from Unitus Ventures. Other investors that participated in the funding round are Alok Agarwal, CFO at Reliance Industries, Zhooben Bhiwandiwala, President, Mahindra Partners. The startup plans to use the funds to advance its technology that enables seamless…
Food delivery unicorn Zomato has raised $100 million in funding from Tiger Global’s Singapore investment arm, Internet Fund VI Pte Holdings, according to YourStory report. Post current funding, the foodtech unicorn is valued at $3.4 billion, which is close to its competitor Swiggy at $3.6 billion valuation, according to media reports. Zomato will use the…
Nortal, a multinational strategic change and technology company, announced the acquisition of Schütze, a recognized strategic consulting and IT solutions company in Germany. “Schütze and Nortal join through similar DNA and values – both in how we conduct business as well as our organizational culture. We share a common belief in creating a meaningful impact…
3Cloud, a leading Microsoft Azure services firm, announced that it has acquired the consulting arm of Pragmatic Works, an award-winning services firm focused on Microsoft’s cloud and data platforms. “With the acquisition of Pragmatic Works Consulting, 3Cloud has taken another big step towards achieving our goal of becoming the number one Azure pure-play services provider,”…
Hippo Video, a video customer experience(CX) platform that helps businesses engage with their audiences in an authentic way through personalized videos, announced that it has raised $4.5 million Series A funding led by Alpha Wave Incubation and Exfinity Venture Partners. Existing investors Sequoia Capital India’s Surge, and KAE Capital also participated in the funding round.…
Market Pulse, a Fintech startup that helps people navigate through and profit off financial markets, announced that it has raised $750,000 in pre-Series A funding led by HNIs. The investors include Ameet Desai (Founder, Anubhuti Advisors LLP and Ex-Group CFO, Adani Group), Aditya Goel (Director, Securcap, UK), Rashmi Kwatra (Founder and CIO, Sixteenth Street Capital),…
Wipro, a global information technology, consulting and business process services company, announced plans to set up a Digital Innovation Hub in Düsseldorf, Germany. According to the Company’s press release, the proposed Digital Innovation Hub will serve as Wipro’s flagship centre in Europe and will offer digital transformation expertise to companies in Germany, enable organisations to…
Walnut Knowledge Solutions(QShala), a company building out-of-school learning solutions for children, has raised Rs 2.7 crore funding led by Zerodha-backed fund Rainmatter Capital. Mindtree co-founder Kalyan Banerjee and former Director of Lowe Lintas Preeti Sawhney also participated in the funding round. Founded in 2014 by Raghav Chakravarthy and Sachin Ravi, QShala is a curiosity platform…
Groww, the Bengaluru-based investment management startup, announced it has raised $30 million Series C funding led by YC Continuity, an investment fund dedicated to supporting founders as they scale their companies. The investment marks its first investment in India. Sequoia India, Propel Ventures, and Ribbit Capital also participated in the funding round. The startup will…
Acko, India’s fastest-growing InsurTech company which specialises in auto insurance, announced that it has invested $1.2 million in Pitstop, a Bengaluru-based car service and repair platform. Acko’s investment is in line with the company’s strategy to improve customer engagement and smoothen the claim settlement process. As per ETtech report, Acko cofounder Ruchi Deepak said that…
Hasura, a San Francisco and Bengaluru-based startup that provides developer-focused tooling products, announced that it has raised $25 million in Series B funding led by Lightspeed Venture Partners. Existing investors Vertex Ventures US, Nexus Venture Partners, Strive VC and SAP.iO Fund also participated in the funding round. As per ETtech report, John Thompson, Chairman of…
Byju’s announced that it has raised $500 million in a new financing round led by Silver Lake at a $10.8 billion valuation, reports TechCrunch. Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the new financing round, India’s second most valuable startup Byju’s said in a statement. “We are excited to welcome…
Nikola Corporation and General Motors Co. announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s programs, including: Nikola Badger, Nikola Tre, Nikola One, Nikola Two and NZT. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology, representing a key…