Softbank-backed coworking space company, WeWork recently announced that it will inject $100mn in its India unit WeWork India to help boost growth. The two companies are trying to take advantage of the long-term opportunities that India offers as a flexible workspace market. “The fresh round of capital from our long-term partners at WeWork Global represents…
Aviom India Housing Finance Pvt. Ltd, a Delhi-based housing finance company, announced that it has raised an investment of $3.7 million from Gojo & Company, Inc., a Japan-based firm that holds stakes in microlenders, according to a VCCircle report. The company will utilise the fund infusion to set-up additional branches and expand its loan portfolio.…
Cloud9 Technologies, a US-based voice collaboration and analytics firm that offers advanced trader communication, voice analytics and transcription solutions, announced that it has completed a $17.5 million Series B funding round led by a strategic investment from UBS. Existing investors that took part in the funding round include J.P. Morgan and Barclays. “Our decision to…
Reliance Industries Limited and Jio Platforms Limited, a digital services platform, announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest ₹ 9,093.60 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 ₹…
Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…
ReNew Power, a Gurugram-based wind energy firm, announced that it has signed a definitive agreement to acquire Climate Connect, a digital-analytics, software development, AI and ML startup, specialising in the power markets domain in India. In its statement to media, the company said that ReNew’s acquisition of Climate Connect is expected to not only add…
Singapore-based AI Knowledge-Management platform, INTELLEX recently announced that it has raised $2.1 million in a recent funding round. The fundraising was led by China-based Quest Ventures. The funding round also saw participation from Thomson Reuters, Insignia Ventures, K3 Ventures and a Singapore Government backed VC fund. Other early backers of the company include Sim Wong…
Anvil, a US-based paperwork automation platform, announced it has raised $5 million in Series A investment. Gradient Ventures—Google’s AI-focused investment fund—led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio and 122 West. Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Anvil’s…
CEPI, the Coalition for Epidemic Preparedness Innovations, announced that it has entered into a new partnering agreement with a consortium comprising Bharat Biotech (BBIL) and the International Vaccine Institute (IVI) to advance the development of a Chikungunya vaccine. CEPI will provide the consortium with up to US$14.1 million for vaccine manufacturing and clinical development of…
iNurture Education Solutions Pvt. Ltd, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised $4 million from Kimera Ltd, a Dubai-based family office, according to a VCCircle report. The company is backed by other investors that include Bertelsmann India Investments, Ascent Capital, BlackSoil Capital Pvt. Ltd and…
Varo Money Inc, a US-based mobile banking business that helps customers cover their expenses, pay their bills, and build their wealth over time, announced it has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff…
NetApp, a US-based hybrid cloud data services company, announced it has entered into a definitive agreement to acquire Spot, a leader in compute management and cost optimization on the public clouds, to establish leadership in Application Driven Infrastructure. Digital transformation initiatives have accelerated and remain the top business priority, especially in today’s environment, and the…
Hipla Technologies Pte Ltd, an Internet of things platform that provides customisable integrated solutions to multiple industries such as Offices, Education, Hospitals and Retail spaces, announced that it has raised Rs 2.6 crore in funding from a clutch of wealthy individuals from India and Singapore, according to a VCCircle report. Other Investors who took part…
Iron Pillar, a Mumbai-based growth-stage technology-focused venture capital, announced that it has roped in US-based real estate-focused firm Nitya Capital as an investor, according to an ET report. Nitya Capital is a privately-held real estate investment firm that owns and manages an estimated $2 billion in assets across the US. The company turns out to…
GoJek, a Southeast Asia’s on-demand multi-service platform and digital payment technology group, announced that it has raised investments from Facebook and PayPal. Facebook and PayPal join other high-profile technology firms that have backed the ride-hailing startup that also offers food delivery and mobile payments. According to TechCrunch, GoJek said that Facebook and PayPal were participating…