Luxoft, a DXC Technology Company announced the completion of its acquisition of CMORE Automotive, an independent services provider dedicated to the development and validation of AI-driven mobility systems. Luxoft had announced a definitive agreement to acquire CMORE Automotive on March 5, 2020 and received final regulatory approval on March 24, 2020. “With CMORE Automotive, Luxoft…
E-retailer BigBasket has secured $50 million from its existing investor Alibaba as part of a bridge round, two people in the know said, as per a media report. A bridge round is an intermediate funding meant to cover short-term expenses as the company looks for a larger investment cheque. The funding comes at a time…
Jupiter, the digital banking startup founded by former PayU India managing director Jitendra Gupta, announced it has raised an additional $2 million (Rs 15.2 crore) in a top-up funding round led by British venture capital firm Hummingbird Ventures and US-based Bedrock Capital. Recently, the company raised $24 million in a seed round from a number…
Vedantu, a Bengaluru-based LIVE online learning platform that enables personalized learning, announced it has raised $12.5 million (Rs 96 crore) Series C1 funding led by Chinese venture capital firm Legend Capital, with participation from Omidyar’s Ohana Holdings LLC. While Legend Capital pumped in close to Rs 74 crore, Omidyar pumped in Rs 22.1 crore. In…
Zupee, a Gurugram-based real money gaming platform, announced it has raised $8 million Series A funding led by Matrix Partners India. Other investors that took part in the funding round include Falcon Edge Capital, WestCap Group, Orios Venture Partners and Zupee’s early stage investor Smile Group. The company will use the funds to increase the…
London-based venture capital firm Blossom Capital has recently announced its plan to launch an angel investment program called “Cultivate” to support 20 European startups at seed and pre-seed stage. The Ophelia Brown-led VC firm will bring together Europe’s next-generation of ambitious founders with established unicorn pioneers such as Des Traynor (Intercom), Guillaume Pousaz (Checkout.com), Nilan…
AI-based analytics provider startup Arturo, recently announced that it has reached its Series A goal of $8mn. The funding round was led by Crosslink Capital, a leading early-stage venture capital firm based in San Francisco. The round also saw participation from IAG Firemark Ventures, the venture capital fund for IAG, Australia’s largest general insurer. After…
Koch Industries, Inc, an American multinational corporation based in Kansas, announced it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. The financial details of the deal remain undisclosed. Infor, a global leader in business cloud software specialized by industry, has been a key component of Koch’s technological transformation. Infor…
Cato Networks, provider of the world’s first SASE platform, announced it has raised an investment of $77 million led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Shlomo Kramer. Post investment, the company’s total funding amounts to over $200 million. It comes on the…
TOTAL S.A , through its step-down subsidiary announced it has invested approx. Rs 3,707 cr for 50% partnership with AGEL in a Joint Venture (JV). The JV houses 2,148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised $862.5mn from…
Gurugram and Patna-based agritech startup DeHaat recently announced that it has raised $12mn (₹83Cr) from investors. The recent funding round was led by Sequoia India and saw participation from FMO, the Dutch entrepreneurial development bank along with existing investors Omnivore and AgFunder. According to the company website, DeHaat is a technology-based platform offering full-stack agricultural…
LGT Lightstone Aspada, a patient capital and early-stage investor, announced it will be investing about Rs 54 crore in healthcare supply chain platform Akna Medical. This is LGT Lightstone Aspada’s sixth deal in the past two months. Akna Medical will use the funds to scale up operations across the country and to deepen the technology…
Embibe, a Bengaluru-based ed-tech startup secures an investment of Rs 500 crore from Reliance. According to the Reliance company’s filings with the Ministry of Corporate Affairs, Reliance Industries will invest an additional Rs 500 crore in Embibe as it doubles down on the education technology venture it had acquired in April 2018. About Rs 30…
Amazon, one of the world’s largest online retailers, announced it has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. The current funding is a result of rising demand for grocery and food items…
Airbnb, a community marketplace for people to list, discover, and book unique accommodations around the world online announced it has secured investment worth $1 billion from equity firms Silver Lake and Sixth Street Partners. The investment will bolster its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The…