#dltledgers, a blockchain-based multi enterprise supply-chain business network (MESCBN) platform, announced that it has raised $ 8.5 million from its lead investor in a Series B funding round. This strategic round now brings #dltledgers’ valuation to well above $ 100 million, up from $ 46 million after its Series A round just over a year ago. “The global appetite for…
MX Africa Limited (MXAL), has entered into SPA to acquire the remaining 49 per cent stake in the Kenya-based Quantum Lubricants Limited (QLL). MXAL is the Kenya-based wholly owned subsidiary of Maximus International Limited (MIL). Earlier, in 2019, MXAL had acquired a 51 per cent equity stake in QLL which paved its entry into lubricant…
Stellantis N.V., one of the world’s leading automakers and a mobility provider, announced two additional major initiatives within its Italian industrial footprint aimed at further driving the Company’s transformation of its global electrification value chain and supporting its aggressive decarbonization targets. To meet the growing demand for electrified vehicles and the ambitious targets presented in…
Radian Mobility, a health tech company based out of Mumbai, focusing on enhancing mobility awareness through adherence in the physiotherapy and preventative fitness sector has raised USD 300,000 in its maiden raise from a large US family office. Radian was set up by CEO Jamshid Pandole, a twenty-two-year financial veteran and avid athlete, and CTO…
Global investment firm KKR and Hero Future Energies (HFE), the renewable energy arm of the Hero Group, announced the signing of definitive agreements under which KKR and the Hero Group will invest $450 million in the Company. This investment will position HFE for continued growth and support its efforts to expand its renewable energy capacity and capabilities across technologies such…
TrueFoundry announced that it has raised a $2.3 million in seed funding round led by Sequoia India and Southeast Asia’s Surge. Other participating investors like Eniac Ventures and angels such as AngelList Co-Founder Naval Ravikant also participated in the funding round. Other angel investors include Deutsche Bank Global CIO Dilip Khandelwal, Head of GitHub India…
Zopper announced that it has raised $75 million in Series C funding round led by Creaegis, with participation from ICICI Venture and Bessemer Venture Partners, according to YourStory report. Existing investor Blume Ventures also participated in the round. Tiger Global, currently invested in the company, will continue to extend its support for future growth. Founded…
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), has stepped up its India strategy to mint investment opportunities in the infrastructure sector, said two officials aware of the development. PIF, the kingdom’s main investment arm, has assets of around $600 billion under management, and building “strategic economic partnerships” is one of its core objectives.…
CoverSelf, a San Francisco-and Bengaluru-based healthtech startup, announced it has raised $4.8 million (around Rs 37 crore) in seed funding from BEENEXT and 3one4 Capital, according to VCCircle report. The platform plans to deploy the fresh proceeds to expand its US footprint, ramping up operations and scaling sales, product and technology teams, a statement said.…
Shreeji Translogistics Ltd. (STL), an India-based surface logistics and parcel delivery service provider, announced the incorporation of TKD Digitrans Tech Private Limited on September 16, 2022. “STL is happy to announce the incorporation of TKD Digitrans Tech Private Limited (TKD Digitrans) as its 51% subsidiary. One of the primary agenda of TKD Digitrans is to…
Adobe announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity, a statement said. Figma is a design platform for teams who build products…
Rephrase.ai, a generative AI startup that aims to humanize communication through synthetic media, announced it has raised $10.6 million in a Series A financing round. This new financing was led by Red Ventures, a global company with a diverse portfolio of brands and businesses focused on offering premium content and personalized digital experiences, including Lonely Planet, CNET,…
Atlas, an industry leader in Employers of Record (EOR) and Solutions and Technology, announced that it has partnered with Sixth Street Growth, the growth investment firm of the global investment firm Sixth Street. Sixth Street Growth will make a strategic capital investment of up to $200 million to support Atlas’ continued global expansion, a statement…
Dubdub.ai, an AI-powered dubbing platform, has raised $1 million in funding from Waveform Ventures and Accel Atoms. Other investors that participated in the funding round include Forward Slash Capital, Force Ventures, Aprameya Radhakrishna (Founder, Koo), Nishant Mungali (founder, Mindtickle), Deepak Anchala (founder, Slintel), Swati Mohan(ex-head of marketing, Netflix) among others. Founded in 2021 by Anubhav…
Sigmoid, a startup that provides data engineering and AI solutions, announced it has raised $12 million in funding in a mix of primary and secondary funding, as part of its latest funding round from Sequoia Capital India. The startup will utilise the funds to evolve its market offerings, expand delivery centers and cater to new…