Eli Lilly and Company announced the successful completion of its acquisition of Dermira, Inc. Lilly completed the acquisition of Dermira through the merger of Bald Eagle Acquisition Corporation with and into Dermira, with Dermira surviving the merger as a wholly-owned subsidiary of Lilly. As of the expiration of the tender offer, 40,926,025 shares of Dermira…
Edmund Optics (EO), leading provider of optical and imaging components, announced the opening of a new office in Bangalore, India. Along with it comes a full-service website and technical support from local engineers. The office and website provide improved service to local customers and punctuate Edmund Optics’ commitment to the region. The company has expanded…
Edtech and gaming startup AvalonMeta Ventures Pvt. Ltd recently announced that it has raised $420,000 (approx ₹3Cr) in funding led by Preeplays, a blockchain-based gaming company. Other investors include Chicago-based venture capital firm Purvi Capital and Abhinav Chhikara, former Design Head of Unacademy. AvalonMeta was founded by Varun Mayya, Shashank Udupa, and Abhinav Arora in…
Venture Capital firm Blume Ventures recently announced the closure of its Fund III at $102mn. The firm’s third fund has been raised from anchor investors based in India, Japan, the US, and Asia. The fund also raised amounts from existing limited partners, who have earlier invested in previous funds. According to a company press release,…
Edtech startup Udemy recently announced that it has raised $50mn from an existing Japanese investor Benesse Holdings, Inc. The recent investment by the investment firm was made at a valuation of $2bn. The company in a statement described this funding as a part of expansion funding. The company is planning to use these funds to…
Bengaluru-based hyperlocal services provider Dunzo recently announced that it has raised $11mn in debt funding round from Alteria Capital. With the latest fund infusion, Dunzo is seeking to scale up its operations in the locations where the company is profitable. Kabeer Biswas, CEO, and Co-Founder of Dunzo said that the debt funding will help the…
Bengaluru-based food-tech startup Go DESi recently announced that it has raised ₹4.5cr from Delhi-based venture capital firm Rukam Capital. Rukam Capital is known for investing in early-stage consumer products and services companies. The funding round also saw participation from AngelList and Upaya Social Ventures. The company plans to use these funds for operation and geographical…
PURA, the leader in smart fragrance technology, announced it has raised $4.4 million in seed round of funding. Kickstart Seed Fund led the round with participation from James Harden, Jeff Levin, Break Trail Ventures, Manoel Amorim and Jeff Danley. The company will utilise the funds to expand its already popular product line offering as well…
Swiggy, an online food ordering platform announced it has raised $113 million funding led by existing investor Prosus Ventures, formerly known as Naspers Ventures. Post this funding, Swiggy’s valuation stands at nearly $3.6 billion. Other existing investors such as Hadley Harbour Master Investments and Chinese local services platform Meituan, also participated in the round, as…
Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
Unacademy, an education technology startup, announced it has raised $110 million from Facebook and General Atlantic. Post current funding, the company is valued at $510 million. Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also took part in the funding round. Apart from that, investments were made by Flipkart CEO Kalyan…
Whatfix, a San Jose-based digital adoption solutions provider, announced it has secured $32 million in a Series C funding round led by Sequoia Capital India. Existing investors such as Eight Roads Ventures, F-Prime Capital, and Cisco Investments also took part in the funding round. The company will utilise the funds developing its product and further…
Rockwell Automation, Inc., announced it has acquired Italy-based ASEM, S.p.A.. ASEM provides a complete range of Industrial PCs (IPCs), Human-Machine Interface (HMI) hardware and software, remote access capabilities, and secure Industrial IoT gateway solutions. Fran Wlodarczyk, Senior Vice President, Architecture & Software at Rockwell Automation, said, “ASEM’s strength in the IPC market and expertise in HMI…
European research platform Dealroom recently announced that it has raised €2.75mn in Series A funding round. The round was led by Shoe Investments and Knight Venture Capital. Founded in 2013 by Yoram Wijngaarde, Dealroom is an Amsterdam-based data and software platform, which shows worldwide intelligence about startups, innovation, and venture capital investment. Dealroom is used…
New Delhi-based female hygiene brand Sanfe recently announced that it has raised ₹8Cr in Pre-Series A funding from SucSEED Venture Partners, Snapdeal founders’ VC arm Titan Capital, BIRAC, Elixir Pharma, and a group of investors. Other investors who participated in the funding round include Saurabh Chawla (Former Group CFO of DLF and Executive Director- Finance…