Outreach, a US-based sales engagement platform that accelerates revenue growth by optimizing interactions throughout the customer lifecycle, announced that it has closed a $50 million funding round led by Sands Capital with participation from Salesforce Ventures. New investor Operator Collective will be joining existing investors which include Lone Pine Capital, Spark Capital, Meritech Capital Partners,…
The developer of battle game Fortnite, Epic Games is reportedly looking to raise $750mn at a valuation of $17bn, according to a Bloomberg report. The valuation includes the new funding and is up from the $15bn valuation the company garnered in 2018. As more and more startups are laying off employees, the recent development at…
InvAscent, a healthcare private equity firm, announced that it is investing Rs 70 crore in Murli Krishna Pharma Pvt. Ltd, a drug delivery systems (DDS) company in India that provides a range of effective solutions to optimize the delivery of pharmaceutical products. InvAscent has put Rs 70 crore ($9.25 million) in the Pune-based company, the…
SaaS startup Syncari recently announced that it has raised $6.5mn in total seed funding led by SignalFire. With the new capital, the company plans to accelerate its customer acquisition plans. Along with the investment, Ilya Kirnos of SignalFire and Ross Mason of Dig Ventures join the company board. The company had earlier raised pre-seed investment…
IBM, an IT technology and consulting firm providing computer hardware, software, and infrastructure and hosting services, announced that it has signed a definitive agreement to acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. The company said that the addition of Spanugo software will help accelerate the availability of a security control center…
Biomoneta, a health tech startup that aims to prevent the transmission of infection in the hospital and the community, and the spread of microbial contamination in commercial and academic laboratories, announced that it has raised seed funding led by Beyond Next Ventures (BNV-Japan), along with ArthaVida Ventures and IVF specialist and angel investor, Dr. Aniruddha…
Sinch AB, a global leader in cloud communications for mobile customer engagement, announced that it has entered into a definitive agreement to acquire ACL Mobile Limited for a total cash consideration of Rs 5,350 million. Founded in 2000, ACL Mobile is a leading provider of cloud communications services in India and Southeast Asia. Its platform…
Stride Ventures, a venture capital firm in India which aims to invest in innovative startups across the country, announced that it has invested Rs 10 crore in LetsTransport, a Bengaluru-based aggregator for fulfilling intra-city last-mile deliveries for enterprise customers. Commenting on the investment, Ishpreet Gandhi, Managing Partner, Stride Ventures, said, “While the sector has been adversely…
Crimson Healthcare, a Delhi-based medtech startup focused on innovating cutting edge solutions for various problems in the healthcare system with advanced engineering and technologies, announced that it has raised a funding of Rs 1.75 crore from Mumbai Angels Network, according to YourStory report. Founded in 2015 by Pranav Chopra and Neeraj Kumar, Crimson Healthcare is…
Mapletree, a real estate development, investment, capital and property management company headquartered in Singapore, announced that it has acquired an under-construction logistics park in Pune’s Chakan area from KSH Infra Industrial Park for Rs 300 crore, said three persons with direct knowledge of the development, according to an ET report. Avendus Capital acted as the…
Edvizo, an education-technology startup that acts as a marketplace for competitive exam institutes, announced that it has raised $150,000 in seed funding from Inflection Point Ventures. The infusion from IP Ventures marks the company’s first institutional investment, CNBC-TV18 reported. The startup said that it will use the capital to enhance its technological infrastructure, strengthen its…
Investment banker JM Financial announced the successful closure of its Qualified Institutions Placement. The Company said that it has issued and allotted 11 crore equity shares of the face value of Rs 1 each to qualified institutional buyers at an issue price of Rs.70.0 each, aggregating to Rs. 770 crore. “The committee of the board…
Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced an investment of ₹ 1894.50 crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. …
IIFL, a leading financial services company in India, announced that it has launched an initiative to support fintech startups that are facing funding and growth challenges due to the COVID-19 pandemic. The initiative, named #IIFLDisrupt, will help fintech startups by providing funds, becoming their first client and giving access to mentors. “COVID-19 has disrupted the…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced that global alternative asset firm TPG will invest ₹ 4,546.80 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. With this investment, Jio Platforms has raised ₹ 102,432.45 crore from…