Gurugram-based foodtech unicorn Zomato recently announced that it has raised $5mn in its Series J funding round. The funding round was led by Pacific Horizon Investment Trust PLC through its agent Baillie Gifford and Company. According to company regulatory filing, Pacific Horizon has been allotted 1,177 Compulsorily Convertible Cumulative Preference Shares (CCCPS). Each of these…
Food delivery platform Swiggy has recently raised $43mn in its ongoing Series I funding round. The funding round was led by existing investor Tencent and saw participation from Ark Impact Asset Management, Korea Investment Partners (KIP) and MACM India Growth Fund. The company had initiated its Series I round in February and had raised $113…
Piper Sandler Companies, a leading investment bank and institutional securities firm, announced it has completed its acquisition of The Valence Group, an international investment bank specializing in the chemicals, materials and related sectors. The Valence Group will operate as Piper Sandler’s new chemicals & materials group, adding yet another industry-leading advisory practice to the Piper…
ProSpark, a Singapore-headquartered B2B learning management system, announced it has secured an undisclosed funding led by Indonesian VC firm Agaeti Ventures. Other investors that took part in the funding round are Prasetia Dwidharma and angel investor Adi Adisaputro. ProSpark, which fosters capability building in organisations by bringing a distributed content marketplace and gamified engagement, will…
DiMuto, a Singapore-based agri-food trade tech solutions company, announced it has received an undisclosed sum in investment from Singapore-based VC studio, Latin Leap, to broaden its footprint in Latin America. DiMuto offers an IoT- and AI-powered platform to provide end-to-end supply chain visibility to global agri-food businesses. Using blockchain, it digitalises the agri-food supply chain…
Obviously AI, a San Francisco-based data science platform, announced it has raised an undisclosed amount from Arka Venture Labs. According to a media report, Arka Venture Labs is known to invest nearly $500k in startups, and participates in Pre-Series A rounds. Obviously AI will use the latest funding to ramp up its sales. Founded in…
Mumbai-based fintech startup Fingpay, a company owned by Tapits Technologies, announced it has raised Rs 27 crore Series A round of funding from early-stage investment firm IvyCap Ventures, as per the company’s statement. Fingpay will use the proceeds from the latest round of funding to add various banking and financial products on the platform that…
SportsEdTV, a provider of free, world-class, online video instruction in over thirty sports, announced it has closed a $3 million Series A funding round. The funding round was led by a global sports-related venture capital fund and included private investors and professional athletes. The Florida-based company will utilise the funds to move forward with its…
Recko, a Bengaluru-based fintech startup, announced it has raised $6 million Series A funding led by Vertex Ventures Southeast Asia and India. Existing investor Prime Venture Partners also took part in the funding round. The startup will utilise the current funding towards hiring, product development, and expanding its presence outside India. Recko was founded in…
Agritech startup Ergos recently announced that it has raised ₹35Cr in a Series A funding round from Aavishkaar Capital, the investment arm of Aavishkaar Group. It is being said that the Series A funding is expected to be a part of a larger INR 100 Cr round which will see participation from Aavishkaar Capital and…
CSC, the world’s leading provider of business, legal, tax, and digital brand services, announced that it has entered into an agreement to acquire TCS-Groep, a Netherlands-based service provider for alternative investment funds (AIFs). The acquisition was first announced November 4, 2019, and was finalized with regulatory approval March 31, 2020. The acquisition of TCS extends…
MedGenome, a genomics-driven research and diagnostics company, announced it has raised $55 million in a new round of funding, led by global impact investment firm LeapFrog Investments. According to the Company’s statement: “The company’s two existing backers, Sequoia Capital and Belgian investor Sofina, have also participated in the latest round of equity financing.” The funds…
Elearning platform Lido Learning recently announced that it has raised $3mn in Series B funding from Rocket Internet founder-backed Picus Capital and Paytm President Madhur Deora. This is the Mumbai-based startup’s second fundraiser within just one year of its inception. The edtech startup had earlier raised $3mn in Series A funding round in November last…
Bengaluru-based online furniture rental and home decor services company, Furlenco, announced it has closed a $10 million debt and equity financing round, led by the company’s existing cohort of investors. Waterfield Advisors, DPNC Advisors, and Quadito acted as advisors to Furlenco. Investors that took part in the latest round include venture capital firm Lightbox, and…
Camp K12, a Gurugram-based education technology startup, announced it has raised $4 million seed funding co-led by Matrix Partners and SAIF Partners. The company has built an online tutoring platform for students in kindergarten to 12th grade, which it has rolled out in India first. The startup was initially started out as a code school,…