Online retail giant Amazon Inc recently announced The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge—a commitment to be net zero carbon by 2040. This dedicated venture investment program—with an initial $2 billion in funding—will back visionary companies whose…
Mobile and virtual healthcare provider DispatchHealth recently announced the closing of $135.8mn growth capital financing. The Series C funding round was led by Optum Ventures, the venture capital arm of Optum healthcare. The funding round also saw participation from existing investors Alta Partners, Questa Capital, Echo Health Ventures, new investors Oak HC/FT, Humana Inc. and…
Singapore-based options trading platform Sparrow recently announced that it has secured $3.5mn in Series A funding round. The company plans to use these funds to accelerate its platform development. The funding round was led by the HDR Group, owner and operator of BitMEX, with participation from Signum Capital, Du Capital and FinLab EOS VC. The…
91springboard, a coworking community of freelancers, startups and established small to large businesses, announced that it has raised Rs 45 crore in funding from its existing investors including Singapore-based marketing technology company Freakout and Shinsei Bank of Japan among others, according to an ETtech report. The Co-working startup said that it has reopened 14 of…
Octaware Technologies Ltd, a software development, enterprise solution and consulting firm, announced the launch of its new office in Bengaluru, the IT hub of India, expanding operations and headcount. Octaware said that the new center will provide services to multinational customers for the establishment of captive development centers in India. This branch will house the…
Mindteck (India) Limited, the global engineering and technology solutions company with knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, announced that it has won a two-year contract with one of the largest public sector manufacturing companies in the Middle East. The scope of the project encompasses maintenance and management of…
British cinema operator Cineworld recently announced that it has secured a $250mn debt facility from a clutch of private institutional investors. The recent funding is expected to help the cinema operator to prepare for reopening of theatres following the easing of coronavirus-led lockdowns globally. The funding is also significant for the company as it had…
Piramal Enterprises Limited’s (PEL) Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), announced that the Company has entered into an agreement with G&W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, Pennsylvania. According to the terms of the agreement, PEL, through one of its Affiliates,…
MergerDomo, a Noida-based global online M&A marketplace for Corporate and Business Growth, announced that it has raised Rs 50 lakh seed funding from seven individual investors and secured an angel funding of Rs 1 crore from Nadir Godrej, MD, Godrej Industries, according to YourStory report. The startup will utilise the fund infusion to scale its…
Milkbasket, a Gurugram-based micro-delivery startup fulfilling daily grocery and household needs of customers, announced that it has raised $5.5 million in funding led by Inflection Point Ventures. Existing investors also participated in the current funding round. Till now the startup has raised over $38 million in funding. Founded in 2015 by Anant Goel, Ashish Goel,…
Petlove, a largest online pet retail brand in Brazil, announced that it has received a significant strategic investment from the Latin America fund of L Catterton, the largest and most global consumer-focused private equity firm. “With extensive experience investing in the pet and e-commerce categories across the world, L Catterton will partner with the Company’s…
US International Development Finance Corporation (DFC), America’s development bank that invests in projects that create jobs in emerging markets, announced that it has committed a $10 million loan to Milk Mantra, a new-age dairy food startup in India, according to YourStory report. Commenting on the investment, Ajay Rao, Director of DFC’s Social Enterprise Finance Team,…
InstaSolv, an edtech startup that provides AI/ML powered solutions where students can simply scan vernacular questions and receive instant step-by-step solutions, announced that it has raised $2 million in pre-Series A funding from undisclosed investors, according to YourStory report. The startup will utilise the fresh funding to expand the question and answer base to state…
DROR Labs Pvt. Ltd, which operates citizen’s safety technology platform DROR, announced that it has raised funding from Gopi Latpate and Inflection Point (IP) Ventures, according to VCCircle report. The Gurugram-based startup said that it will use the funds to expand its user base, diversify and enhance its service offerings. However, the current amount of…
Dormer Pramet, a division within Sandvik Machining Solutions, announced that it has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. “The acquisition is aligned with Sandvik Machining Solutions’ focus on strengthening our round tools offer whilst also adding…