Habbit Health and Nutrition, the Delhi-based global nutrition-tech startup, announced that it raised pre-seed funding from 3one4 Capital and Utsav Somani of AngelList India, according to YourStory report. Financial details of the funding round remain undisclosed. Other investors include RB Investments, early-stage investors Better Capital and First Cheque, and multiple other angel investors from around…
ICON, an Austin-based developer of advanced construction technologies including robotics, software, and building materials, announced it has completed a $35 million Series A round of financing led by Moderne Ventures. Constance Freedman, Founder and Managing Partner of Moderne Ventures and Khan Tasinga, Director at Palantir Technologies, join the Board of Directors. Other investors that participated…
Johnson & Johnson announced it has entered into a definitive agreement to acquire Momenta Pharmaceuticals, a company that discovers and develops novel therapies for immune-mediated diseases, in an all cash transaction for approximately $6.5 billion. This acquisition provides an opportunity for the Janssen Pharmaceutical Companies of Johnson & Johnson to broaden its leadership in immune-mediated…
SupportLogic, the world’s first intelligent support platform for customer support/success teams, announced that it has raised $12 million of seed and series A funding, led by Sorenson Ventures. This latest series A round will help the company drive its market expansion and fuel customer acquisition efforts. SupportLogic’s latest series A round combined with its earlier…
Pixxel, a space technology company working towards creating India’s first constellation of microsatellites in the LEO, announced that it has raised $5 million in seed funding led by Blume Ventures, GrowX Ventures and Lightspeed India. Other investors that participated in the round include Inventus Capital India, Stanford Angels and Ryan Johnson, co-founder of satellite imaging…
Reliance Industries Limited announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (Vitalic) and its subsidiaries (Collectively known as ‘Netmeds’) for a cash consideration of approximately Rs 620 crores. This investment represents ~60% holding in the equity share capital of Vitalic and 100% direct…
Able Jobs, a Bengaluru-based startup that helps companies get entry-level non-tech deployable talent, announced that it has raised $1.8 million in a seed funding round led by SAIF Partners, according to an ETtech report. Other investors that participated in the funding round include Silicon Valley-based startup incubator Y Combinator, Snapdeal founders Kunal Bahl and Rohit…
Milliman, one of the world’s largest independent actuarial and consulting firms, announced the acquisition of Torch Insight from Leavitt Partners. This acquisition will combine Torch Insight’s powerful market-centered data and analytics with MedInsight, Milliman’s flagship healthcare analytics ecosystem. Torch Insight brings Milliman decades of healthcare policy expertise and healthcare analytic experience backed by Leavitt Partners…
Masai School, a Bengaluru-based education startup, announced that it has raised $2.5 million in a Pre-Series A funding round led by Unitus Ventures, along with India Quotient and AngelList India. The startup will use the funding to hire industry experts to build and impart curriculum; strengthen current offerings – full stack, web, Android development; tap…
Stack Finance, a Gurugram-based millennial finance platform, announced that it has raised seed funding from SOSV (an early-stage venture capital fund in the US) and MOX – its Mobile Only Accelerator, according to YourStory report. Financial details of the funding remain undisclosed. Other investors that took part in the funding round include AngelList India and…
Bengaluru-based water purifier startup DrinkPrime recently announced that it has raised Rs 21 crore in its pre-Series A round. The financing round was led by Omidyar Network India, with participation from Sequoia Surge. The startup will use the current financing to fuel expansion. The Company has plans to strengthen its team and invest in growth…
FPL Technologies, a Pune-based fintech startup, announced it has raised $10 million Series A funding led by Matrix India and Sequoia. Hummingbird Ventures along with a few angel investors also participated in the funding round., according to an ETtech report. The startup will use the funds to scale its recently launched mobile-based credit card product…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups that are globally relevant, announced it has received Rs 50 crore investment from Nippon India Digital Innovation AIF into its Fund-II. Recently, International Finance Corporation (IFC), an arm of World Bank, invested $10 million (Rs 75 crore) and committed additional…
GrayQuest, an education-focused fintech startup based in Mumbai, announced it has raised $1.2 million in a Pre-Series A funding round led by Foundation Holdings. The funding will be used to increase access to affordable education in India. Other investors that participated in the funding round include the Mahansaria Family Office, Jeejeebhoy Family Office, Ambit Capital…
Mitron, the Indian short-form video app, announced that it has raised $5 million in funding led by Nexus Venture Partners. Existing investors 3one4 Capital and Arun Tadanki’s private syndicate on LetsVenture also participated in the funding round. Several notable angles and entrepreneurs like Deep Kalra, Founder and Chairman MakeMyTrip; Anand Chandrasekharan, Former Facebook executive; Karan…