Fullife, a startup that manufactures sports nutrition supplements under the brand name Fast&Up, announced that it has raised Rs 50 crore in a fresh financing round, according to an ETtech report. New investors that participated in the financing round include Amansa Capital, the Singapore-headquartered investment firm founded by ace stock picker Akash Prakash. Existing investors…
Oziva, a clean label, plant-based nutrition brand, announced that it has raised $5 million led by Matrix Partners, according to an ETtech report. Existing investor Titan Capital also participated in the funding round. The company will utilise the capital infusion to invest deeper in R&D, technology, team expansion, as well as to widen its customer…
Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company, announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd. This acquisition was announced on March 23, 2020 and was subject to certain closing conditions, which have now been fulfilled, the Company said in their press statement. Launched in 2013…
Health insurance company Oscar announced that it has closed a $225mn funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission. The latest fundraising round saw participation from many existing investors, including Alphabet, General Catalyst, Khosla Ventures,…
Dallas, Texas-based workplace problems management company, Work Shield recently announced that the close of its Series A financing led by Dallas-based Hoak & Co., in partnership with Jeff Estes and other strategic investors with significant insurance and benefits expertise. The company has raised about $4.11mn in funding and plans to use these funds to bolster…
Indonesian super app Gojek recently announced that its video streaming platform, GoPlay has closed its first independent funding round. The round was led by ZWC Partners and Golden Gate Ventures. The funding round also saw participation from Openspace Ventures, Ideosource Entertainment, and Redbadge Pacific. With local shows and films attracting larger audiences in Indonesia, the…
Neobiotech company, Cyclica recently announced that it has raised CAD$23mn in Series B funding round. The funding round was led by Drive Capital with participation from Chiesi Farmaceutici, GreenSky Capital, and members of Cyclica’s management team. With the new funding, the company will support continued innovation around Cyclica’s integrated proteome-wide drug discovery platform, and will…
Noida-based High Street Essentials, the parent company of women’s fashion brands FabAlley and Indya, recently announced that it has raised ₹20.75Cr in a fresh round of funding led by existing investors, SAIF Partners and India Quotient. A company statement read, the pre-series C round involves a convertible note, which will be converted during the series…
CloudEngage, the world’s most intuitive web personalization platform, announced the acquisition of AnswerDash, a leading provider of AI powered self-service support and ecommerce solutions. “We saw a terrific fit here,” said Paul Wagner, CloudEngage CEO. “Our platform provides rich customer data insights and real-time personalization across multiple channels. AnswerDash has a proven track record of…
JM Financial, India’s leading financial services group that offers an array of services to corporations, financial institutions, high net-worth individuals and retail investors, announced that it has completed its proposed investment of Rs 400 mn in coliving operator, Isthara Parks Private Limited. The investment was completed in two tranches between July 2019 and June 2020. …
Wesco International, a leading provider of business-to-business (B2B) distribution, logistics services and supply chain solutions, announced it has completed its merger with Anixter International Inc., creating a premier, industry-leading global B2B distribution and supply chain solutions company. Upon completion of the merger, Anixter became a wholly owned subsidiary of Wesco International, the company said in…
CyberX, the IoT/OT security company, announced that it is being acquired by Microsoft. “By integrating the CyberX platform with the Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel, the first SIEM with native IoT support, Microsoft will now provide a simpler approach to unified security governance across both IT and industrial networks,…
Mastercard announced that it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is $825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met, the Company…
Yulu, a shared micro-mobility service provider using electric two-wheelers to reduce traffic congestion and air pollution in urban India, announced that it has raised Rs 30 crore in a fresh funding round, according to a VCCircle report. The current financing round has been led by Rocketship.vc, a US-based venture firm. Existing investors also participated in…
Vedantu, a Bengaluru-based LIVE online learning platform that enables personalized learning, announced that it has invested $2 million in Instasolv, a doubt clearing app for students from Class 6 to 12, as the live online tutoring platform looks to grow its presence in Tier 3 and Tier 4 cities. The current investment is part of…