ODILO, a Spanish startup with offices around the globe, is revolutionizing the way organizations transform themselves by providing digital content and learning services for the personal and professional development of their users, announced that it has raised 10 million dollars funding led by Swanlaab Venture Factory. Other investors that participated in the current financing round…
UK-based automation solutions company Enate recently announced that it has raised $2.8mn in a Series A funding round led by Northern Venture Capital Trust (VCT) Funds. The company said that the investment will allow it to further develop its platform and expand its customer base and distributor network across Europe and Asia. Enate provides a…
The Board of Directors of the New Development Bank (NDB) announced that it has approved a COVID-19 Emergency Program Loan of USD 1 billion to the Government of the Federative Republic of Brazil. The resources provided by the NDB will help Brazil safeguard the income of about 5 million people in vulnerable situations, including informal,…
iNurture Education Solutions, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised Rs 10 crore in debt funding from Mumbai-based new-age venture debt platform, BlackSoil. This is in addition to the undisclosed amount of equity capital the company is raising from its existing investors. The Ed-tech startup…
Afresh Technologies, the first artificial intelligence-powered fresh food optimization platform for grocers, announced a new $12 million Series A follow-on round of funding led by returning investor Innovation Endeavors. Other investors that took part in the funding round include Food Retail Ventures, Maersk Growth, Impact Engine, and existing investor Baseline Ventures. This new funding will…
eBay Inc. and Adevinta ASA announced that they entered into a definitive agreement for eBay to transfer its Classifieds business to Adevinta for a total consideration valued at approximately $9.2 billion, based on the closing trading price of Adevinta shares on the Oslo Stock Exchange on July 17, 2020. As part of the transaction, eBay…
Ecoppia, the world leader in robotic solutions for photovoltaic solar, announced a $40 million strategic investment in the company by CIM Group. CIM is an experienced and prominent US-based real assets owner, operator, lender, and developer with more than $60 billion in infrastructure and real estate projects delivered over its 25-plus year history. CIM’s is…
StyleDotMe, a Gurugram-based fashion tech startup, announced that it has raised Rs 3.5 crore Pre-Series A funding led by Survam Partners. Other investors that took part in the funding round include Bobby Kothari, Director, Jewelex India as a strategic investor, and existing investor IAN (Indian Angel Network). Commenting on the development, Meghna Saraogi, Co-founder and…
MPowered, a Gurugram-based asset management firm, announced that it has raised a $21 million pre-series A funding round led by a group of US-based HNIs investors. The round is led by serial entrepreneurs Ashok and Shelly Nichani. The funding will be used by the firm to invest in real estate verticals such as warehousing, residential…
Mumbai-based Protinus Fashion Networking Pvt Ltd., which runs fashion commerce & retail management platform 6Degree, recently announced that SucSEED Ventures has invested into the company to expand its portfolio. SucSEED invests in 6Degrees through the company’s Pre-Series A funding round, whereas Kieretsu Forum had invested seed capital earlier. 6Degree is India’s largest fashion network with…
Vedantu, a Bengaluru-based LIVE online learning platform that enables personalized learning, announced that it has raised $100 million Series D funding led by US-based Coatue Management. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the funding round. The latest capital raising values the online live tutoring startup at $600 million,…
Amynta Group, a leading insurance services provider of property & casualty and warranty protection products and services, announced that it has acquired the surety operations of Aspen Insurance, the Insurance Segment of Aspen Insurance Holdings Limited. The business will now operate as Amynta Surety Solutions. As part of the transaction, Amynta has entered into a…
New York-based global cybersecurity services company BlueVoyant recently announced the close of a third round of funding. The $68mn financing round was led by Temasek, a global investment company headquartered in Singapore, and included participation from new and other existing investors. This brings total funding of the company to $275 million to date. The latest…
Ripsey, a health food delivery startup based out of Mumbai, announced that it has raised Rs 1 crore from a US based investor in its ongoing pre-Series round of Rs 2 crore through ah! Ventures angel platform. Recently, the startup had raised Rs 1 crore in an undisclosed seed round. The startup will utilise the…
Cloud quality management system Qualio recently announced the close of its $11mn Series A funding round led by Storm Ventures. The recent funding will be to scale the company’s quality management software and continue building a remote-first team. As part of the funding, Arun Penmestsa of Storm Ventures will join Qualio’s board of directors. New…