Zomentum, a startup that builds sales solutions for managed services providers, announced that it has raised $4.1 million seed funding from Accel and SAIF Partners. The company will utilise the fund infusion to hire sales teams to service locations outside of North America, apart from investing in building its product and adding more tools to…
JetSynthesys, a Pune-based digital entertainment and technology company and part of the Navani family owned JetLine Group of Companies, announced that it has raised Rs 300 crore from existing shareholders to strengthen its gaming and digital entertainment offerings and interest-based social community platforms. Investors that took part in the funding round include Kris Gopalakrishnan, the…
Earth Energy EV, a Mumbai-based startup that aims to develop Efficient, Affordable and Easily adoptable Electric Vehicles for Logistics and Delivery Businesses, announced that it has raised an undisclosed amount of seed funding from LR Joshi, Managing Director at Pranada Bio-Pharma Pvt Ltd, along with other equity investors. The Company said that it will utilise…
Swiftmile, developers of light electric vehicle (LEV) charging systems, recently announced the closing of its $5mn Series A funding round. The round, led by San Francisco-based Thayer Ventures, also included Alumni Ventures Group and Verizon Ventures, long-time strategic investors in Swiftmile. With the latest investment, Mark Farrell, Partner at Thayer Ventures, now joins the Swiftmile…
Proprietary data and analytics solutions provider Appriss Inc. recently announced that it has promoted Krishnan (Krish) Sastry to President and Chief Executive Officer. The company’s founder and current President and CEO, Michael Davis, will remain engaged as its Executive Chairman. Sastry will assume the President and CEO position as of August 3rd, 2020 and will…
Digital health company Carrot Inc. recently announced that AllegisNL Capital invested in its latest round of financing to accelerate commercialization of its Pivot tobacco cessation program. AllegisNL is backed by one of the largest life insurance companies globally. Carrot is AllegisNL’s first investment from its newest fund, focused on globally disruptive companies driving innovation in…
NOTO, a Mumbai-based ice-cream brand that makes healthy, low-calorie, low sugar, and high-protein ice-cream, announced that it has raised an undisclosed round of funding in a pre-Seed round led by WEH Ventures, with participation from Lead Angels. The company will utilise the current financing for the acceleration of its marketing operations while it continues to…
ViCentra, the company behind Kaleido, the world’s smallest and lightest insulin pump, announced the closing of a €10 million investment round. On June 30 2020, ViCentra and Invest-NL signed an agreement, with ViCentra being the first investment from the new impact investor. Commenting on the investment, Wouter Bos, CEO from Invest-NL, said, “Invest-NL was founded…
Securden, an IT security startup that offers complete control over privileged access, visibility without barriers, and superior access governance across cloud, physical, virtual environments, announced that it has raised $1.2 million seed funding led by Accel Partners. Other investors that took part in the financing round include Freshwork’s Girish Mathrubootham, Eka Software’s Manav Garg, CaratLane’s…
Liquid Wire, a US-based company that transforms printed electronics with MetalGel, enabling stretchable circuits for radically dynamic form factors and linear positional sensing, announced that it has successfully closed a $10 million Series A financing round to expand its stretchable electronics technologies into the medical wearables market. The financing was led by Deerfield Management Company.…
Zolostays, a Bengaluru-based co-living startup, announced that it has raised $56 million Series C funding led by Investcorp, Nexus Venture Partners, Mirae Assets, and Trifecta Capital, among others. Founded in 2015 by Nikhil Sikri, Akhil Sikri, and Sneha Choudhry, Zolostays earlier raised more than $40 million from the likes of IDFC Alternatives; Mirae Asset; Nexus…
PiggyRide, a Bengaluru-based startup that offers cab services for kids, announced that it has raised Rs 14 crore pre-Series A funding from JAFCO Asia, along with a new investor Artha Venture Fund. The company will utilise the fund infusion to scale its product and engineering team, while also going deeper into existing categories within the…
Facebook-backed online learning platform Unacademy has recently acquired Chandigarh-based ed-tech startup PrepLadder for $50mn. PrepLadder primarily provides preparatory help with medical entrance exams. The recent acquisition in the edtech space highlights the preference of investors in the current times when physical learning has taken a backstep. In the last six months, investors have spent about…
L&T Infrastructure Finance Company Ltd. (LTIF), the wholly owned subsidiary of L&T Finance Holdings Ltd., announced that it has received the first tranche of $50 million of the total $100 million ECB loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. This development marks AIIB’s first loan to…
After imposing a ban on 59 Chinese mobile applications, the Indian government is reportedly reviewing around 50 investment proposals involving Chinese companies under a new screening policy. The development was first reported by Reuters citing sources close to the matter. Earlier in April, the New Delhi government had tweaked its Foreign Direct Investment policy, making…