SGO, a bearing manufacturer located in Incheon, Korea, announced that it had established a local subsidiary in India late last year to meet the demand for its popular bearings in the worldwide bearing market. SGO has already purchased 13,000 square metre of land in Chennai, India, and has decided to invest more than $4.5 million…
Ummeed Housing Finance, a housing finance company, announced it has raised Rs 164 crore from a fund managed by Morgan Stanley Private Equity Asia. Existing investor LGT Lightstone Aspada also took part in the funding round. The Gurugram-headquartered company will utilise the funds to further expand its reach to newer geographies. The company will also…
Insemitech, a leading Research and Development and Engineering Services company has announced the acquisition of GateLength Technology. The acquisition falls in line with Insemitech’s growth plans in the rapidly consolidating semiconductor space. With this, the leadership at GateLength – Mubarak Zhad and Amit H L along with the team – will become part of Insemitech…
Mumbai-based content writing and services platform Pepper recently announced that it has raised ₹2.2Cr in a seed funding round led by Snapdeal Founders’ VC fund Titan Capital. According to a company statement, Nasscom Chairperson Saurabh Srivastava, Slideshare Co-Founder Amit Ranjan, news platform YourStory Media and Indifi Co-Founder Alok Mittal. Dentsu Webchutney Chairman Sidharth Rao, Innov8…
HeadSpin, the company that ensures flawless connected experiences enabled by web, mobile, IoT and 5G, announced it has raised $60 million Series C funding round led by Dell Technologies Capital and ICONIQ Capital. Other investors who took part in the funding round include Tiger Global Management, Kearny Jackson, and Alpha Square Group. Some of the…
Yodlee, a leading financial data and analytics platform, announced it has acquired FinBit.io, an emerging financial data aggregation and analytics platform provider for the India and Asia market, powering over 60 B2B FinTech companies. Post acquisition, Prashant Paliwal, FinBit.io’s Founder and CEO, along with his team, will lead Yodlee FinSoft, a wholly owned subsidiary of…
Bengaluru-based online money lending startup Rupeek, recently announced that it has raised $60mn in funding across two rounds from investors including Flipkart co-founder Binny Bansal and GGV Capital. Other investors like Tanglin Venture Partners and KB Investments also participated in the funding. Existing investors Sequoia Capital and Accel were also present during the funding rounds.…
Singapore-based ridesharing startup Grab, recently announced that it has raised more than $850mn from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc. With the recent investment, the company plans to bankroll its expansion into financial services in the region. According to joint statements from the companies, the sum includes $706 million from Japan’s largest…
Chicago-based HealthJoy recently announced that it has raised $30mn in Series C funding round led by Health Velocity Capital. Existing investors U.S. Venture Partners, Chicago Ventures and Epic Ventures also participated in the funding round. With the latest infusion of funds, HealthJoy’s total funding so far stands at $53mn. The company plans to use the…
Plug-and-play E-commerce platform for offline stores Near.Store recently announced that it has raised $300,000 in seed funding from venture capital fund Sauce.vc and other individual investors. Near.Store helps offline stores go online, digitize their inventory, develop new consumer relationships and access business data and insights to make their business more efficient. This is done through…
Venture Capital firm Blume Ventures recently announced the closure of its opportunity fund titled Fund IIA at $41mn. The fund will be used to support growth-stage portfolio startups. The announcement of the opportunity fund follows the closure of Fund III by Blume Ventures. According to a company statement, the investment for the new fund was…
Biotech startup Arima Genomics Inc. has recently announced that it has completed Series A funding round led by Agilent Technologies and Cowin Venture. The funding round also saw participation from Vectr Ventures and Berkeley Catalyst Fund. The company plans to use these funds for expanding its commercial efforts and adding new applications to the existing…
iMerit Technology Services Pvt. Ltd, an AI-based data labelling startup, announced it has raised $20 million in Series B funding round led by CDC Group Plc, the UK government’s development finance institution. Existing investors such as Omidyar Network, Michael and Susan Dell Foundation, and Khosla Impact also took part in the current funding round, as…
KEC International Ltd. through its wholly owned subsidiary, KEC Towers LLC, announced that it has acquired a Transmission Tower manufacturing facility in Dubai, United Arab Emirates. The acquisition will expand the global manufacturing footprint & further strengthens KEC’s positioning as a key player in the infrastructure space. This acquisition provides KEC a strategic foothold to…
Fintech startupBharatPe recently announced that it has raised $75mn in Series C funding round led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital. The latest funding rose BharatPe’s valuation to $425mn. Existing investor Steadview Capital and Insight Partners also participated in the funding round along with new investor Amplo, a US-based…