Infosys, a global leader in next-generation digital services and consulting, announced a definitive agreement to acquire Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products. This acquisition demonstrates Infosys’ commitment to innovate for its clients, and make a meaningful…
Railofy, the first startup in India to provide travel protection to railway passengers against waitlist (WL) and reservation against cancellation (RAC), announced it has raised Rs 70 million in seed funding round from Chiratae Ventures, according to YourStory report. The seed funding will be used to scale its presence across the country. Founded in 2019…
Honcho, a game changing governance software for businesses, announced that it has raised $4 million in Series A funding round led by FINTOP Capital. Other investors that participated in the funding round are top-tier investors and entrepreneurs including Peter Thiel, co-founder of PayPal, Palantir Technologies and Founders Fund. The Company will use the funding to…
Zomato, the food delivery startup, announced that it has raised $62 million funding from Singapore’s state investment arm Temasek. Temasek financed the capital through its unit MacRitchie Investments, a regulatory filing showed, according to business intelligence firm Tofler. The food ordering and restaurant discovery platform was valued at about $3 billion, according to a media…
Ultraviolette Automotive, a startup working on electric two-wheelers and energy infrastructure, announced that it has raised Rs 30 crore from TVS Motor Company. Founded in 2017 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive synthesizes design and technology to create new dimensions in advanced engineering and seamless user experiences. The startup had started by building…
SenseHawk, a leader in AI-powered software for the entire solar lifecycle, announced that it has raised $5.1 million in Series A1 funding led by Alpha Wave Incubation (AWI), a $300m venture fund, managed by Falcon Edge Capital, a leading global alternative asset manager, and backed by ADQ, one of the largest regional holding companies based…
Coal India Ltd (CIL), an Indian public sector coal mining and refining company headquartered in Kolkata, announced that it will be investing over 1.22 lakh crore rupees on development of nearly 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies in the country. The investment aims at making India self-reliant…
Livspace, an interior design startup that connects people to designers, services and products, announced that it has raised $90 million in funding led by Kharis Capital and Venturi Partners, according to the ETtech report. Peugeot Group’s holding company FFP, Pidilite Group, and Singapore-based EDBI also participated in the funding round, along with existing investors Ingka…
Biofourmis, a digital health company that powers personalized predictive care, announced that it has raised a $100 million Series C financing round led by SoftBank Vision Fund 2. Existing investors Openspace Ventures, MassMutual Ventures, Sequoia Capital and EDBI also participated in the funding round. Biofourmis will use the funding for developing, validating and commercializing several…
Gaana, the music and podcast streaming platform, announced that it has raised $50 million in a fresh round from existing investors Tencent and Times Internet. The investment comes after two years when Tencent led the $115 million funding round in the music streaming platform. Earlier, Tencent had invested in Khatabook, DoubtNut, Pratilipi and Swiggy. According…
Education technology startup Unacademy has raised a $150 million funding led by Japanese conglomerate SoftBank, taking the firm’s valuation to $1.5 billion. Existing investors that participated in the funding round are Facebook, General Atlantic, Sequoia India, Nexus Venture Partners, and Blume Ventures. Earlier in February, Unacademy had raised $110 million from Facebook and PE firm…
Entropik Tech, a leading Emotion AI company based out of Bangalore, announced that it has raised $8 million in Series A funding round led by Alpha Wave Incubation (AWI), a $300m venture fund, managed by Falcon Edge Capital, a leading global alternative asset manager, and backed by ADQ, one of the largest regional holding companies…
Brainbase, the venture-backed company building the software infrastructure for the IP industry, announced two new key hires. Gautam Godse has joined Brainbase as Senior Vice President of Product and Henri Kroosmann has joined as Vice President of Engineering. Godse was formerly Vice President of Product at LegalZoom, and Kroosmann was formerly an Engineering Manager at…
Cognizant announced it has entered into an agreement to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant’s new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S. 10th Magnitude will…
Dunzo, an all-in-one 24X7 delivery platform that picks and delivers anything and everything within the city, announced that it has raised $28 million in its ongoing Series E funding round led by Google and Lightstone Fund, according to YourStory report. Dunzo has issued compulsorily convertible preference shares (CCPS) to both Google and Lightstone with each…