Refrens, a Bengaluru-based startup that helps freelancers and small businesses with invoices and payment, announced it has raised funds from a group of angel investors including Paytm’s Vijay Shekhar Sharma and Shaadi.com founder Anupam Mittal. Other investors that took part in the funding round include early-stage fund Firstcheque, Gireesh Subramaniam of Freshworks, Sujayath Ali and…
Sindhuja Microcredit Pvt. Ltd, a rural-centric microfinance company, announced it has raised $8.7 million in its Series B funding round from the Nordic Microfinance Initiative (NMI), the Norway-based impact investor focussed on Africa and Asia and from existing investor Carpediem Capital. Vidura Capital acted as the exclusive financial advisor for the transaction, while Vertices Partners…
Spyne, a Gurugram-based AI powered SaaS Platform for Photographers and Creative Professionals, announced it has raised pre-Series A funding as growth capital. Finance details of the funding remain undisclosed. The investment was led by Angellist, Smile Group, Manish Amin (COO, Yatra), Anil Goel (CTO, OYO), Anubhav Sonthalia (CEO, Sokrati), and Deepak Mittal (CEO, TO THE…
Shiprocket, a logistics aggregator, announced it has raised $13 million led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments. The company in a statement said that the latest capital infusion gives nearly 30 times returns in five years for Shiprocket’s angel investors who exited in…
Archistar, an Australian property intelligence platform, announced it has closed a $6 million Series A funding round led by AirTree. The company will use the fund infusion to accelerate its international growth and expand its product and engineering team. Archistar’s early stage investors include former Chairman of REA and CEO of NewsCorp Australia Peter Tonagh,…
AbbVie, a research-based global biopharmaceutical company, headquartered in North Chicago, announced that it has completed its acquisition of Allergan plc. “We are pleased to reach this important milestone for the Company, its employees, shareholders and the patients we serve,” said Richard A. Gonzalez, Chairman and Chief Executive Officer, AbbVie. “Our new Allergan colleagues should be commended…
Braid Health, a San Francisco-based digital health innovation company that develops AI-powered diagnostic tools for radiology, announced that it has raised $9 million in seed and Series A investment rounds led by Lux Capital. Other investors that took part in the funding round are Rucker Park Capital, which includes prominent investors such as former Twitter…
Caspian Debt, a Hyderabad-based digital corporate lending financial services firm, announced it has raised $20 million as long-term debt. The debt provider has raised this capital from the US International Development Finance Corporation (USIDFC), an arm of the US government that provides finance to impact-oriented projects, Caspian said in a statement. This fund facility will…
Global investment firm The Carlyle Group and the existing promoters of SeQuent Scientific Ltd, announced that CA Harbor Investments, an affiliated entity of CAP V Mauritius Ltd and The Carlyle Group, has agreed to acquire an equity stake of up to 74% in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India. The…
Steadview Capital, an Asia-focused hedge fund, announced it has invested an additional Rs 67 crore in online beauty retailer Nykaa. Till now, the firm has invested close to Rs 170 crore in the company and holds a 3% stake in the venture. The latest capital infusion follows the Rs 100 crore investment Steadview Capital made…
Ecoinno (H.K.) Ltd, a Hong Kong-based green material company focused on providing alternatives to single-use plastics, announced the closing of a US$6 million Series A1 funding from the Alibaba Hong Kong Entrepreneurs Fund and Alibaba Taiwan Entrepreneurs Fund II. The company will utilise the fund infusion to begin industrial-scale production of its proprietary Green Composite…
VestaSpace Technology Pvt. Ltd, a Pune-based space technology company building small satellite platforms for commercial and scientific applications, announced it has raised $10 million in funding from Next Capital, a US-based investment management and advisory services firm. The company will use the fund infusion to enhance its technological infrastructure and scale up its operations, the company…
Reliance Industries Limited and Jio Platforms Limited announced that Vista Equity Partners will invest ₹ 11,367 crore into Jio Platforms. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. The investment will make Vista the largest investor in Jio Platforms behind…
Zoom, a provider of videotelephony and online chat services through a cloud-based peer-to-peer software platform, announced it has acquired message encryption and security startup Keybase. Financial details of the transaction remain undisclosed. Post acquisition, Keybase Co-founder Max Krohn will be leading Zoom’s security engineering team, and they will be reporting directly to Zoom Founder and…
Uber, an American multinational ride-hailing company is leading a $170 million investment in scooter- and bike-sharing startup Lime, in a move that deepens the ties between the two “sharing economy” platforms, the companies said. Other investors that took part in the funding round are Alphabet, Bain Capital Ventures, GV and other existing and new investors,…