NorthOne, the leading digital challenger bank serving the unique needs of American small businesses, freelancers, and startups – announced it has raised $21 million in its Series A funding led by Battery Ventures. Redpoint Ventures and Tom Williams also took part in the funding round. The company will utilise the funds raised to expand marketing…
FamPay, a teenager-focused payments app, announced it has raised $4.7 million seed funding led by Y Combinator, Sequoia India, Venture Highway and GFC (Global Founders Capital). Angel investors such as Twitch co-founder Kevin Lin, Robinhood co-founder Vladimir Tenev, Cred founder Kunal Shah, and Pine Labs CEO Amrish Rau also participated in the funding round. The…
The CarTrade Group, one of India’s largest online automotive groups, announced it is actively looking at companies to acquire or invest into, in the automotive space. The company wants to further strengthen its position as the leading online automotive platform and has earmarked over Rs 400 crores for such investments. Commenting on the Company’s future…
Bharti Airtel, India’s largest integrated telco, has acquired a strategic stake in Spectacom Global Pvt Ltd under the Airtel Startup Accelerator Program, which focuses on supporting growth of early stage Indian start-ups. Spectacom, which has been conceptualised to produce path breaking digital content that allows people across languages, geographies and fitness levels to connect with…
Medtech startup Cardiotrack recently announced that it has secured an undisclosed amount of funding from Singapore-based private equity platform Frontline Strategy Funds. The Pre-Series round of investment also saw participation from other angel investors. The company plans to use these funds to grow its customer base in India and international markets, as per an official…
Singapore-based early-stage venture capital firm, Lyra Ventures recently announced that it has launched a Japan-backed global second fund. Japanese fashion conglomerate TSI Holdings will be a key investor in this fund. However, the company did not disclose any financial details. Lyra Ventures, which was formerly known as Start Today Ventures, said that the new fund…
Hilti, a global leader providing innovative tools, technology, software and services to the commercial construction industry, announces the acquisition of the assets of Concrete Sensors, a provider of connected devices, software and services that help enable improved decision making and accelerated construction schedules through better understanding of the concrete curing process. This agreement extends Hilti’s…
Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, announced the acquisition of GroupBC, a leading UK SaaS software innovator. For over two decades, GroupBC’s and Bentley’s software solutions have been deployed for complementary purposes to improve project and asset information management.…
Microsoft founder’s The Bill & Melinda Gates Foundation along with Wellcome Trust and Mastercard recently announced a new fund to accelerate technologies designed to identify, assess, develop and scale treatments to the COVID-19 epidemic. According to an official statement, The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with…
Corporate card startup KarbonCard recently announced that it has raised $2mn through seed round of funding. The funding was made by a clutch of angel investors across India and China. Fintech startup Cred’s founder Kunal Shah, Amrish Rau (CEO of Pine Labs) and Jitendra Gupta (Founder of Amica Financial Technologies) are among the investors who…
PepsiCo, Inc. announced that it has entered into an agreement to acquire Rockstar Energy Beverages, the popular energy drink maker, for $3.85 billion. “As we work to be more consumer-centric and capitalize on rising demand in the functional beverage space, this highly strategic acquisition will enable us to leverage PepsiCo’s capabilities to both accelerate Rockstar’s…
Aon plc and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,”…
Zumper, the largest privately-held rental marketplace in the U.S., announced it has raised $60 million Series D funding led by new investor e.ventures. Post this round, the company’s total funding has crossed $150 million so far. Zumper will utilise the funds to accelerate the company’s mission, grow the sales and engineering teams, and invest in…
IXL Learning, the K-12 personalized learning platform, announced the acquisition of Vocabulary.com, the leading educational destination for improving literacy through vocabulary building. In 2019, the company announced the acquisition of Education.com, a leading online education destination for over 23 million teachers and parents. “Vocabulary.com is one of the most thoughtfully designed educational products we’ve seen,”…
Bengaluru-based virtual meetup startup Airmeet recently announced that it has raised $3mn in funding. The funding round was led by Accel India with participation from VentureHighway and Global Founders Capital. Other investors like CloudCapital, BetterCapital, 100x Entrepreneur Fund, and Sequoia Scout also participated in the funding round. Entrepreneurs and CXOs like Gaurav Munjal, Co-founder, Unacademy;…