Info Edge (India) Ltd, one of India’s premier internet based business that runs Naukri.com and 99acres.com, announced it has invested about ₹7 crore in Medcords Healthcare Solutions Private Limited, stated in its stock-exchange filing. According to the Info Edge statement, the funds would support and grow Medcords’ business in India. In 2018, Info Edge had…
Edtech platform Univariety recently announced it has raised $1.1mn (₹8Cr) from Info Edge. This is reportedly Info Edge’s second investment in the Hyderabad-based company in a span of two years This primary funding will be used by Univariety for business growth with a focus on product development, scaling up its alumni platform for schools and…
Fintso, a wealth management platform, announced it has raised $2.6 million in maiden funding round led by a set of individual angel investors, including Rajeev Juneja (CEO of Mankind Pharma), Pratul Shroff (Founder of eInfochips), Dilip Khandelwal (MD and Head of Technology, Asia Pacific, Deutsche Bank), Piyush Gupta (Group CFO, HT Media), and a few…
Anurag Kaushik, CEO of Riwigo, in partnership with Krishnendu Chatterjee, a native of Kolkata, announced the expansion of the Riwigo Holistic Health Platform in India, starting from Kolkata. Riwigo is a popular platform for discounted bookings at hotel and spa centers. Their unique, modern system currently offers location-based hotel and spa and wellness services in…
Kubota Corporation, a leading global tractor and machinery manufacturer from Japan, will acquire 10% equity stake, on a post capital reduction basis, in Escorts Ltd., a leading engineering conglomerate in India, in order to integrate and deepen their relationship towards achieving their mutual ambition of global leadership. Upon completion of this transaction, Escorts and Kubota…
Ada, the leader in Automated Customer Experience, announced it has raised a $44 million Series B funding led by Accel. Existing investors Bessemer Venture Partners, FirstMark, Version One, Leaders Fund and Burst Capital also took part in the funding round. The company will utilise the funds raised to scale the platform, deepen its AI leadership…
Gojek, an Indonesian ride-hailing and payments firm, has closed an additional $1.2 billion of funding recently, as per an internal memo reviewed by Reuters. The memo states that the company’s total funds stand at around $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment…
Fox Corp., the broadcast news and entertainment company, has agreed to acquire the streaming service Tubi TV for $440 million. Fox advised by Allen & Co. on the deal, while Qatalyst Partners served as Tubi’s sole financial adviser. Post acquisition, Tubi will bring a new digitally native consumer offering to Fox with younger-skewing audience that…
Agnikul, a space technology startup, announced it has raised Rs 23.4 crore pre-series A funding led by Pi Ventures. Other investors that took part in the funding round include: Hari Kumar of LionRock Capital, Artha Ventures, LetsVenture, Globevestor, and IIM-Ahmedabad’s CIIE. Existing investor Speciale Invest also took part in the funding round. The Chennai-based startup…
Urban Company, a Gurugram-based company that allows skilled and experienced professionals to connect with users looking for specific services, announced it has acquired Glamazon, the Australian on-demand beauty company. According to the Company’s statement: Lauren Silvers, a cofounder of Glamazon, will now lead the launch of Urban Company’s beauty and wellness offerings in the Australian…
FusionCharts, a provider of a JavaScript charting library for your web and enterprise applications, announced its acquisition by US-based business software firm Idera Inc for an undisclosed amount. Earlier in 2018, Houston-based Idera acquired Bengaluru-based database management tool provider Webyog. Post acquisition, FusionCharts to join Idera Inc’s developer tools business unit that includes software productivity…
SmartCoin, a Bengaluru-based micro-lending startup, announced it has raised about $7 million in a fresh financing round, led by LGT Lightstone Aspada. Existing investors that took part in the funding round include Unicorn India Ventures and Accion Venture Lab. Earlier, the company had raised $2 million from Accion’s seed-stage, fintech-focused investment arm, and others. The…
Binance Group, a global decentralised cryptocurrency exchange, announced setting up of a $50 million blockchain technology fund for India. This comes after a recent Supreme Court ruling that had overturned Reserve Bank of India notification that had restricted banking access for virtual currency trading in the country. The fund will be utilised to invest upwards…
Pitstop, an online platform delivering one stop solution for all car care needs, announced it has raised $2.5 million Series A funding led by TPG backed-Group Landmark. In 2019, the company had raised $2.9 million from Blume Ventures & Goldbell Group of Singapore. The funds will be utilised to fuel its expansion plans. The company…
ZunRoof, a Gurugram-based smart energy solutions startup, announced it has raised $3 million Series A funding from Godrej Investment Office. Earlier also, Godrej had invested $1.2 million in the company in its Pre-Series A funding round that took place in 2019. As per the Company’s statement, ZunRoof aims to resolve the affordability issue of solar…