FarEye, a SaaS-based logistics startup has announced that it has raised $25 million in Series D funding round led by M12 (Microsoft’s venture fund) Other investors that took part in the funding round include Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the funding round. “We will use this investment…
Aurigo Software and Autodesk, Inc. announced an alliance to develop the most comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a portfolio of construction management software and services. As part of the alliance, Autodesk will acquire a minority stake in privately-held Aurigo. “The present climate of…
Lightspeed Venture Partners announced the closings of Lightspeed Venture Partners XIII, L.P. with $890 million, Lightspeed Venture Partners Select IV, L.P. with $1.83 billion, and Lightspeed Opportunity Fund, L.P. with $1.5 billion of limited partner committed capital. According to the press release, the California-based venture capital firm said, “In these difficult times, as the world…
Aavenir, a SaaS-based source-to-pay solutions provider, announced it has raised $2 million in a seed funding round from venture capital firm Accel. The company will use funds to accelerate product development and expand global reach by strengthening its sales and marketing operations. “Machine learning, NLP, and interactive chatbots are offering tremendous opportunities to automate and…
Locale.ai, a Bengaluru-based location analytics startup, announced it has raised an undisclosed sum in a seed funding round led by early-stage venture capital firm Better Capital, with participation from two angel investors, the company announced on Monday according to a media report. Other investors that took part in the funding round include Raveen Sastry, co-founder…
Navi Technologies, a financial services holding company, announced it has secured an additional Rs 204 crore investment from mid-market private equity firm Gaja Capital, the company stated in filings submitted to the Registrar of Companies. Bansal, co-founder and former chief executive of India’s largest online retailer Flipkart, has also been named as the managing director…
Wellthy Therapeutics, a diabetes management startup, has recently raised $4mn in a pre-Series A funding round from early-stage VC firm Saamna Capital. The recent funding in the startup comes after a two year gap when the company had raised seed funding from Ranjan Pai’s family office MEMG, according to an Entrackr report. In 2018, the…
Mumbai-based on-demand logistics marketplace, Porter, has recently announced it has raised ₹140Cr in Series D funding round from Lightstone Global Fund. The recent fund infusion comes at a time when logistics is a big issue for the organizations that are delivering essential services at doorstep due to ongoing lockdown. According to the company filings made…
Capital Float, a Bengaluru-headquartered non-Banking Finance company, announced it has raised $15 million (about Rs 110 crore) from its existing investors. Ribbit Capital, Amazon, SAIF Partners and Sequoia Capital India participated in the latest round. The company will use the funds to bolster its capital base and expand its lending operations to small and medium…
Darmiyan, Inc. has announced that it has closed a $6 million seed investment round led by the pharmaceutical giant Eisai, creating a major business collaboration opportunity between the two companies, one focused on advanced brain diagnostics, and the other focused on Alzheimer’s therapeutics. Other investors that took part in the funding round include IT-Farm and…
Bugcrowd, a crowdsourced security platform has announced that it has raised $30 million in series D funding, bringing the company’s total funding to over $80 million. The investment round, led by Rally Ventures and accompanied by new and existing venture partners. The company will use the funds to help Bugcrowd accelerate the expansion of its…
New York-based startup Double has announced it has raised $6 million funding from Index Ventures and paris-based Daphni. The company will use the funds to fuel expansion by delivering services to startup CEOs and investors that matches them with contracted remote assistants, such as managing their email, arranging travel, scheduling meetings and balancing their endless…
BankBazaar, an online marketplace for financial services, announced it has raised Rs 29 crore as part of its ongoing Series D round from existing investors including Amazon, Sequoia and Walden SKT Venture Fund, according to its filings with the Registrar of Companies. This current funding comes more than two and a half years after the…
Rebel Foods, Mumbai-based cloud kitchen operator, announced it has raised $50 million in a fresh funding round from existing investor, US-based hedge fund Coatue Management, according to its filings with the Registrar of Companies. Earlier in 2019, Coatue Management had led an equity financing round of $125 million in Rebel Foods. The financing round saw…
Novelis Inc., a subsidiary of Hindalco Industries Ltd, announced it has received the final clearance needed to complete its acquisition of Aleris Corporation, a global supplier of rolled aluminum products. Previously, the European Commission determined that the acquisition could proceed on the condition that Novelis divest Aleris’ plant in Duffel, Belgium to a third party…