Lendingkart Technologies Private Limited, a fintech startup that develops technology tools based on big data analysis, announced that it has raised an equity round of little over Rs 319 crore in its Series D funding led by existing investors. Fullerton Financial Holdings Pte Ltd, Bertelsmann India Investments, Sistema Asia Fund and India Quotient participated in…
Tata Consumer Products Limited announced that it will acquire PepsiCo’s stake in NourishCo Beverages Limited, a 50:50 joint venture (JV) between the two Companies. The JV was formed in 2010 through a joint venture agreement between Tata Global Beverages and PepsiCo India. Tata Consumer said that the acquisition will widen its portfolio in the Food…
Teamonk Global, a Bengaluru-based specialty tea brand, announced it has raised funding from Mumbai-based Lead Angels Network, according to a VCCircle report. Financial details of the funding remain undisclosed. Nalin Sood, CEO at Teamonk Global, said there is heightened consumer focus on health and wellness, and the firm with its wide portfolio of 100% natural,…
Iron Pillar, a Mumbai-based venture growth investor specializing in mid stage technology companies, announced that it has raised $45 million top-up fund. The fund will provide Iron Pillar additional capital to back specific Fund I portfolio companies that are thriving even in the current market conditions. Fund I has already made eight investments, with very…
EIG Global Energy Partners (EIG), a US-based leading institutional investor in the global energy sector, announced the successful final close of EIG Global Project Fund V(GPF V) with total commitments of $1.1 billion, nearly 50% higher than the Fund’s $750 million target. EIG also raised an additional $1.5 billion of commitments in the form of…
Accenture announced that it has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, to meet the growing demand for enterprise-scale AI and digital analytics solutions across the region. The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture…
Laalsa, a Hyderabad-based cohesive food ordering and fulfilment platform that brings customers and restaurants under one umbrella, announced that it has raised $1 million funding from Angel Investors. The company will utilise the fund infusion to boost expansion in India. Currently, it is operating in four major cities – Hyderabad, Vizag, Bengaluru and Chennai. Suresh…
Winuall, a Bengaluru-based online education platform that helps coaching institutes go digital, announced that it has raised an undisclosed amount from Ankit Bhati, Co-founder of Ola, and Nitin Gupta, Head of Engineering, Milkbasket, along with other angel investors. The startup said it will utilise the funds for expanding the business and curating more content providing…
LetsTransport, a Bengaluru-based intra city logistics firm that aggregates light commercial vehicles for urban logistics, announced that it has received an investment of Rs 13 crore from InnoVen Capital, according to YourStory report. Ashish Sharma, CEO of InnoVen Capital India said in a statement: “We continue to be bullish on the logistics space and expect…
Eggoz, a Bihar-based egg producer and agritech startup, announced it has raised Rs 2.5 crore as part of its seed funding to fuel its growth and expansion plans. Earlier, the startup had raised Rs 1.2 crore from a clutch of angel investors. Investors that took part in the seed funding round include Tracxn Labs, Angellist,…
California-based smart electric panel company Span.io recently announced that it has raised $10.2million in Series A funding round. The funding round was led by ArcTern Ventures. The round also saw participation from Capricorn Investment Group, Incite Ventures, and a few existing investors. With the new funds, the company plans to meet the demand and scale…
Syndio, a US-based HR analytics platform that helps organizations identify and address critical issues that impact employee populations, announced it has raised $7.5 million in Series A funding co-led by Emerson Collective and Voyager Capital. Existing investors Sirius, Contour Venture Partners, and Frontier Venture Capital also participated in the funding round. “Syndio has been at…
DeepTek Medical Imaging Pvt. Ltd, a Pune-based healthtech startup that operates an artificial intelligence-enabled radiology platform, announced it has raised funding from a clutch of investors, including GHV Accelerator. Other investors that participated in the funding round include Japanese medical imaging solution provider Nobori Ltd and information technology services firm NTT Data. Pune-based Pentathlon Ventures…
US-based investment firm General Atlantic recently announced that it will be investing ₹6,600 crore in Mukesh Ambani-led Jio Platforms for a 1.34% stake in the company. According to a company statement, the investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. “This investment continues…
Bangkok-based fintech startup Digio recently announced it has raised $4million in a Series B round. The funding round saw participation from Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2. The company plans to use these new funds to accelerate product and services development. The company said…