Ed-FinTech startup GradRight announced that it has successfully raised ₹50 crore in Series A funding from IvyCap Ventures, a renowned homegrown venture capital firm. The infusion of funds will serve as a catalyst for GradRight’s vision to transform college selection and financing for students through its AI-powered ecosystem of universities and banks. GradRight aims to…
OnSolve, a leading critical event management provider that enables organizations to mitigate physical threats and remain agile when a crisis strikes, announced the opening of a new technology office in Bengaluru, India. The news marks an important milestone in the company’s growth and innovation strategy, reinforcing its commitment to advancing OnSolve’s AI-powered platform. The Bengaluru…
ZEISS, a provider of measurement solutions, announced the opening of its new Quality Excellence Center (QEC) and contract measurement services in Delhi, India on August 23, 2023. These new facilities will provide manufacturers in and around the Delhi area with access to the latest in metrology technology, expertise, and support services in all aspects of quality…
Pi-xcels, an innovative leader in digital receipt solutions, has completed its Seed funding round, raising US$1.7 million. The round was led by Wavemaker Partners, with participation from other prominent venture capital firms such as Hustle Fund, Amand Ventures, and Black Kite Capital, as well as strategic angel investors. The round marks a momentous step towards realising…
Baby care brand SuperBottoms said it has raised $5 million in a funding round led by Lok Capital and Sharrp Ventures, according to ETtech report. The company will employ the funds to expand offline with a greater store presence and include more products in the mom and baby care range, a statement said. The startup…
Reliance Retail Ventures Limited (RRVL) announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹ 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore, a statement said. RRVL, through its subsidiaries and associates, operates India’s largest, fastest…
Food technology company ENOUGH, which has partnerships with Unilever and Marks & Spencer, has raised 40 million euros ($43.5 million), attracting investment despite signs of a slowdown in the alternative meat and protein sector, according to Reuters report. ENOUGH, which ferments fungi to produce protein for plant-based chicken, mince and dairy products, said the funding…
Boxs, a business-to-business manufacturing platform for interior designers and architects, said it has raised $1.6 million in a funding round led by Peak XV’s Surge, according to ETtech report. The seed funding round also included participation by Titan Capital and the founders of Zetwerk. The new funds will be used to strengthen Boxs’ product offering…
Teleperformance, a global leader in digital business services, announced that it launched a new state-of-the-art global shared services center in Hyderabad, India. The new center in Hyderabad currently has 500 employees dedicated to Teleperformance’s Global Business Services practice, which centralizes and provides critical support leveraging data analytics and next-generation AI technologies to administer back-office services including workforce management;…
Health and wellness e-commerce platform, HyugaLife.com, announced it is deepening its commitment to health and wellness in India with an investment of ₹4 Crores in Inaari, a women’s wellness brand. This move underscores the significant potential within the women’s health sector and comes close on the heels of a successful $5 million Pre-Series A Round…
Veda VC, an early-stage venture capital fund, announced the first close of its Rs 250 crore (about $30 million) fund at Rs 150 crore (about $18 million), with investments from high-net-worth individuals, startup founders and operators and family offices, according to ETtech report. The Bengaluru-based fund plans to invest between $250,000 and $1.25 million in…
Titan Company Limited announced that it has signed a Share Purchase Agreement with the Founder of CaratLane Trading Private Limited (‘CaratLane’) and his family members to acquire all the shares held by them representing 27.18% of the total paid-up equity share capital (on a fully diluted basis) of CaratLane for a total consideration oft 4,621…
Naukri.com parent Info Edge (India) Ltd on Friday said it will invest Rs 10 crore in its wholly-owned subsidiary Zwayam Digital Pvt Ltd., according to PTI report. The investment is being done to meet the working capital requirement of Zwayam, Info Edge said in a statement. Incorporated in 2015, Zwayam provides SaaS-based sourcing and screening…
Illumina Inc., a global leader in DNA sequencing and array-based technologies, announced the opening of a new office and state-of-the-art Illumina Solutions Center in Bengaluru, India. Illumina’s expansion comes after 16 years of working closely with the company’s channel partner in India, Premas Life Sciences. Now with its own permanent facility, Illumina will continue to collaborate with…
DataLink, a leading provider of data-driven healthcare solutions empowering better outcomes, announced that its India office is officially open. The new 10,000-square-foot space is designed to accommodate more than 100 employees across engineering, development and data operations, quality assurance and analytics, database administration, and software architecture, according to the statement. Eighty-seven employees are in the…