Digital therapeutics startup Kaia Health recently announced that it has raised $26mn in Series B funding round, bringing its total funds raised to date to $50mn. The funding round was led by Optum Ventures, Idinvest and capital300 with participation from existing investors Balderton Capital and Heartcore Capital, as well as Symphony Ventures. The company will…
GoldenPi, a Bengaluru-based online aggregator of bonds and debentures available in the secondary market, announced that it has raised Rs3.5 crore funding from Rainmatter Capital, a fund created by stock trading platform Zerodha to incubate innovative Indian fintech startups. Founded in 2017 by Abhijit Roy and Samir Pratihar, GoldenPi is looking to open up transactions…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced an investment of ₹ 11,367 crore by The Public Investment Fund. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. PIF’s investment will translate into a 2.32% equity stake…
Berlin-based employee service platform, Back Technologies, recently announced that it has raised $3.3mn in a seed round of funding. The investment was led by La Famiglia, with participation from Gradient Ventures, Google’s AI-focused venture fund. The funding round also saw participation from a clutch of angel investors such as Charles Songhurst (Microsoft’s former Head of…
BizCapital, a Brazilian SME online lender, announced that it has raised a Series B financing round of $12 million led by the German development finance institution DEG, a subsidiary of KfW Group, Germany’s promotional bank. Existing investors also joined the financing round. The round reinforces investors’ confidence in BizCapital’s ability to innovate in the Latin…
KT Corp, South Korea’s largest telecommunications company, announced it has signed a strategic cooperation and investment contracts with Hyundai Robotics, to speed up collaboration for digital transformation based on 5G, artificial intelligence (AI) and smart factory. Under the contracts, KT will acquire a 10 percent equity stake in Hyundai Robotics, the leader in the Korean…
Geek+, a global provider of advanced robotics for logistics, announced that it has closed its Series C funding round at over $200 million in early 2020. Geek+ continues to lead the industry with the largest fundraising to date, following a $150 million B series in November 2018, already the largest in the industry, the company…
Pushp, an Indore-based spices and condiments brand, announced that it has raised Rs 125 crore from A91 Partners, the private equity fund. Earlier, the company had raised its first institutional financing from Sequoia India worth $350 million. Pushp plans to use the fund infusion to expand its distribution network, bulk up its existing sales team,…
Peppermint, an IIT-Bombay incubated industrial robotics startup, announced that it has received an undisclosed amount of equity funding from Venture Catalysts, said the startup in a press release today. Naveen Kshatriya, former head of Castrol Asia and ANZ also participated in this seed funding round. Peppermint said they will use the current financing to scale…
Bharti Airtel, India’s largest integrated telco, announced that it has acquired a strategic stake in Edtech startup Lattu Media Pvt Ltd as part of the Airtel Startup Accelerator Program. Mumbai-based Lattu Kids specializes in digital learning tools for children. Its highly popular Lattu Kids app focuses on improving English vocabulary, English reading and Maths skills…
Tonik Financial Pte Ltd, the first digital-only neobank in the Philippines, announced that it closed a $21 million round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with a significant participation from previous VC investors Insignia and Credence. tonik said it will use the funding…
German automobile manufacturing giant Volkswagen recently announced that it has increased its stake in US-based solid state battery company QuantumScape. The automaker has recently invested another $200mn in the Stanford University spinout startup to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times. “We…
Mumbai-based rural fintech startup Jai Kisan recently announced that it has secured ₹30Cr in pre-Series A funding round led by Arkam Ventures. The funding round also saw participation from NABVENTURES Fund I,the investment arm of agriculture and rural development institution NABARD. This is NABVENTURES maiden investment in any startup. The funding round also saw participation…
InCred, a new-age financial services group that leverages technology and data-science to make lending quick and easy, announced that it has acquired fintech platform Qbera, according to an ETtech report. The acquisition will help InCred increase its distribution reach while also leveraging Qbera’s existing partnerships to co-originate loans and expand its portfolio of consumer loans,…
The Asian Infrastructure Investment Bank, a Beijing-based multilateral development bank with a mission to improve social and economic outcomes in Asia, announced that it has approved a $750 million loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households.…