Zeotap, a Customer Intelligence Platform (CIP) that helps companies better understand their customers and predict behaviors, to invest in more meaningful experiences, announced that it has raised $42 million in Series C funding round as it plans to double down on its product offerings. The company has raised new capital from Germany-based Neue Capital, European…
PumPumPum, a Gurugram-based startup to offer ‘used car leasing’ in the corporate and retail segment, announced that it has raised Rs 2.2 crore seed funding from LetsVenture Syndicate, led by Pallav Pandey (former Co-founder and CEO, Fastfox). Other angel investors who participated in the round include Ritesh Malik (Founder and CEO, Innov8), Shobhit Shukla (Co-Founder,…
Bond Financial Technologies, Inc., a company building an enterprise-grade financial technology platform, announced it has raised a $32 million Series A funding to connect digital brands to banking partners without the friction that has beset early movers in fintech. The current financing round was led by Coatue, with participation from existing seed investor Canaan and…
Anti-money laundering compliance technology provider, Hummingbird RegTech recently announced that it has raised $8.2mn in its Series A funding round. The funding round was led by Flourish Ventures. New investors who participated in the round include Stripe alumni Lachy Groom and Jon Zieger. Existing and seed investors Hombrew, Designer Fund, and TTV Capital also participated…
Preventice Solutions, a leader in digital healthcare solutions and remote cardiac monitoring services powered by deep learning and artificial intelligence (AI), announced that it has raised $137 million in a Series B financing to accelerate investment in salesforce expansion, technology and product innovation and further development of clinical evidence supporting its flagship solution. The financing…
Swedish sustainable food company Oatly recently announced that it has raised $200 million in equity led by Blackstone Growth. Additional investors in the funding round include Oprah Winfrey, Roc Nation, Natalie Portman, former Starbucks Chairman and CEO Howard Schultz, Orkila Capital, and Rabo Corporate Investments, the investment arm of Rabobank. As minority shareholders, the new…
US-based identity management platform Auth0 recently announced it has closed a $120 million round of Series F funding, which brings Auth0’s valuation to $1.92 billion and total capital raised to more than $330 million. The company said that the funds will help fuel continued innovation and go-to-market expansion, responding to global demand for a simple,…
Indian e-commerce giant Flipkart recently said that it is raising $1.2bn in funding led by majority owner Walmart Inc. The investment, also funded by other existing shareholders, values Flipkart at $24.9 billion, and comes two years after U.S. retail giant Walmart bought the company from its founder for $16bn acquiring more than 70% stake. Flipkart…
Siemens, a multinational engineering and electronics company involved in the fields of industry, energy, transportation and healthcare, announced that it has signed an agreement to acquire Santa Clara, CA-based Avatar Integrated Systems Inc., a leading developer of place and route software for integrated circuit (IC) design. Avatar helps engineers optimize power, performance, and area (PPA)…
Glympse Bio, a biotechnology company advancing the way diseases are understood, tracked, and treated, announced that it has raised $46.7 million Series B financing. The proceeds from the financing will support continued development of Glympse’s novel biosensor platform in fibrotic diseases such as Non-Alcoholic Steatohepatitis (NASH), oncology, and infectious diseases. The financing round was led…
Caption Health, a medical artificial intelligence (AI) company, announced that it has raised $53 million in Series B funding led by existing investor DCVC. New investors Atlantic Bridge and cardiovascular medical device leader Edwards Lifesciences also participated in the funding round, along with existing investor Khosla Ventures. The company will utilise this funding to scale…
The RP-Sanjiv Goenka Group announced that it has acquired a majority stake in video-based news app Editorji, a move that marks its foray into the digital news media space. Financial details of the transaction remain undisclosed. RP-Sanjiv Goenka (RPSG) Group has acquired 51% stake through a combination of primary and secondary transaction in Editorji Technologies,…
Reliance Industries Limited, Jio Platforms Limited and Google LLC announced the signing of binding agreements for an investment of ₹ 33,737 crore by Google into Jio Platforms. This investment by Google values Jio Platforms at an equity value of ₹ 4.36 lakh crore. Google’s investment will translate into a 7.73% equity stake in Jio Platforms…
TeleTeachers, a provider of engaging and effective technology-enabled learning and therapy solutions, announced that it has completed a $2,785,000 Series A equity private placement, with lead investors Seyen Capital’s Senior Managing Director George Spencer and Jerry Putnam. Post funding, Putnam and Spencer will serve on the TeleTeachers Board of Directors, representing the investor group, along…
Terumo Corporation announced that it has completed the acquisition of Quirem Medical B.V., a Netherlands-based healthcare startup specializing in the development of next-generation microspheres for Selective Internal Radiation Therapy (SIRT), a treatment for liver tumors. According to the Company’s press statement, Terumo will make a one-time, up-front payment of USD 20 million with up to…