Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…
GigIndia, a tech startup that empowers businesses to scale effectively by providing on-demand work completion at scale via gig (variable) workforce, announced that it has raised Rs 7.3 crore pre-Series A funding round led by Japan-headquartered Incubate Fund India with participation from Beyond Next Ventures. Existing angel investors that took part in the funding round…
Nimble, a pet tech company, announced the acquisition of Waggle Ventures Inc, a social platform for pet owners. Post acquisition, Waggle founder Matthew Cavnar will stay on board as an advisor. According to the Company’s press statement, the acquisition will further boost Nimble’s growing customer base through Waggle’s vast social media network. The company has…
GAIL (India) Limited announced plans to invest in startups operating in the area of Compressed biogas (CBG) through its Start-Up initiative ‘Pankh’. GAIL said that it has opened a fresh round for Solicitation of Investment Proposals from Start-Ups operating specifically in the area of CBG. The Start-Ups that are interested in equity investment from GAIL…
The Flipkart Group and Arvind Fashions (AFL) announced that they have strengthened their partnership, through an investment of ₹260 crore by the Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands which owns the Flying Machine brand. “This investment builds on the long-standing engagement between the two organizations…
San Francisco-based financial technology company Taulia recently announced that it has secured a new strategic investment of $60mn in a new funding round. The funding round was led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. “The funding will help accelerate growth…
Freshworks, the customer engagement software company, announced that it has completed a key acquisition with Flint, a leading IT orchestration and cloud management platform, to bolster Freshservice’s IT service management (ITSM) and IT operations management (ITOM) capabilities. Freshworks said that the acquisition will provide greater visibility for IT teams to better manage hybrid infrastructure, optimize…
Inimmune, a biotechnology company developing immune therapies and components for more effective vaccines, announced that it has raised $22 million Series A funding led by Two Bear Capital. With this investment, Two Bear Capital’s Founder and Managing Partner Michael Goguen will join Inimmune’s board of directors. “We are excited to partner with Two Bear Capital…
BrowserStack, the world’s leading web and mobile app testing platform, announced the acquisition of Percy, the leading visual testing and review platform. With this acquisition, developers and quality assurance (QA) teams can run everything from visual tests to manual and automated functional tests on BrowserStack’s infrastructure and ship high-quality software at speed, BrowserStack said in…
CareerArc, a global leader in social recruiting and outplacement technology, announced the acquisition of its outplacement arm by Gi Group, Italy’s largest multibillion-dollar, multinational human resources (HR) services company. Post acquisition, CareerArc Outplacement will be rebranded as Intoo USA and will join Gi Group’s portfolio of operations in more than 57 countries across Europe, Asia,…
Liftit, a leading technology platform to automate and execute last-mile truck deliveries across Latin America, announced that it has raised $22.5 million Series B funding led by Cambridge Capital. The Company will utilise the capital infusion to enhance the company’s capabilities to automate the last-mile transportation and delivery of goods across Latin America and continue…
CARS24 Financial Services, the lending arm of Gurugram-based auto-tech-startup CARS24, announced that it has secured Rs 10 crore debt funding from Vivriti Capital. According to a survey conducted by CARS24, 41 percent of the consumer’s intention to purchase a private car post lockdown has increased. However, availability of easy financing options has been a challenge…
Dutch eyewear brand Ace & Tate recently announced that it has raised a financial investment of €14.25mn led by existing investor Rinkelberg Capital LTD. The recent investment brings the 7-year-old company’s total funding to €57.5 million. The funding allows Ace & Tate to invest in three critical areas of the business: retail expansion in new…
XM Cyber, an Israel-based leader in breach and attack simulation (BAS) advanced cyber risk analytics and cloud security posture management, announced that it has closed a $17 million Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group. Till now, the company raised a total of $49 million. XM Cyber…
Online pharmacy 1mg Technologies has recently been awarded a $100,000 grant in recognition of the exceptional work being undertaken in addressing the immediate and long term challenges resulting from the effects of the global pandemic. Unreasonable Impact COVID-19 Response is a new initiative launched by Barclays and Unreasonable Group awarding $100,000 grants each to ten…