Tech-enabled logistics and fulfillment platform Shiprocket has approved a Rs 259 crore ($32 million) fundraising round from existing investors Singapore’s Temasek and Lightrock India, according to ET report. Other investors in the current round include Bertelsmann India, March Capital Partners, Moore Strategic Ventures, Huddle Collective and Paypal. “Internal investors were keen to double down on…
Renkube, a renewable energy-focused deep technology startup, announced it has secured $300,000 (around Rs 2.4 crores) in a seed funding round led by CIIE.CO, according to ET report. JITO Angel Network and K4 Forum Mumbai Network also participated in this round. Halliburton Labs, a wholly owned subsidiary of Halliburton Company, is participating via Renkube’s selection…
Clean fuel energy company Nexgen Energia announced its expansion plan to enter the Ethanol segment and set up plants across the country. The company plans to invest around Rs. 300cr into its upcoming projects in the coming fiscal year, a statement said. The Government of India has already made strategic interventions by expanding the ethanol…
Exponent Energy (e^), an Electric vehicle (EV) fast-charging startup, announced it has raised $13 million in a Series A funding round led by Lightspeed Venture Partners, according to ET report. Existing institutional investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participated in the funding round. The new round will help scale e^…
Cactus Venture Partners (CVP) announced raising INR 350 crores in the initial close of its maiden fund. The fund will focus on investing primarily in clean-tech, health-tech, and B2B SaaS companies in India. The fund is in active discussions with several domestic and international institutional investors and anticipates the final close of its fund target of…
Wisedrive, a car extended warranty platform, has raised seed funding led by LC Nueva Investment Partners, through its early-stage venture capital fund, LC Nueva Alternative Investment Fund (AIF), according to ET report. Spiral Ventures – an Asia-focused Japanese venture capital fund, Bhavadeep Reddy – angel investor and co-founder of HousingMan.com, and others also participated in…
Edtech major Discovery Education announced the acquisition of DoodleLearning. The United Kingdom-based DoodleLearning’s Math and English Language Arts products create personalized learning experiences that help improve students’ academic achievement and confidence. Terms were not disclosed. The acquisition of DoodleLearning supports Discovery Education’s mission to prepare learners for tomorrow by creating innovative classrooms connected to today’s world. DoodleLearning complements…
Insurtech startup MetaMorphoSys announced it has raised $ 3 million in a seed funding round led by Capital2B, a technology fund backed by Info Edge. Angel investors Pavitar Singh and Dhruv Dhanraj Behl also participated in the current funding round. Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys is a SaaS-based low code platform…
3Cloud, the largest pure play U.S. based Microsoft Azure partner, announced that it has acquired BlueGranite. BlueGranite stands out as an innovative data and analytics consulting firm with a diverse client portfolio, including Fortune 1000 companies and midsize businesses. Over its 25-year history, BlueGranite has developed a strong reputation in the Microsoft ecosystem based on its…
Protiviti India Member Pvt. Ltd, a member firm of Protiviti global business consulting firm network, has strengthened its India presence with the acqui-hiring of Loumus Data Systems and opening a new office in Noida to serve global clients with operations in the region as well as local companies. With the move, the Protiviti India Member Firm…
Sunday Design, a global furniture and home decor brand, announced it has raised $1.5 million (Rs 12.5 crore) in a pre-Series A funding round. QRG Investment & Holdings (the family office of Havells India Limited Founders), Kama Group (family office of SRF Ltd), KCT family office, and other existing investors participated in the funding round.…
Givex Information Technology Group LTD (Givex), a global fintech company providing merchants with customer engagement, point of sale and payment solutions, has completed the purchase of all of the outstanding shares of Counter Solutions Holdings LTD (Counter Solutions). “The acquisition of Counter Solutions marks the fourth acquisition for Givex in the last 18 months, which…
Faraday Future Intelligent Electric Inc. (Faraday Future), a California-based global shared intelligent electric mobility ecosystem company, announced the successful execution of a definitive agreement for a new financing facility. The Company continues to have active discussions with multiple capital providers for potential significant additional near-term funding, a statement said. Under the new financing facility, which…
Actis, a global investor in sustainable infrastructure, has signed an agreement to acquire a majority stake in Levanta Renewables (Levanta), a leading Vietnam and Southeast Asia-focused renewables platform. Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Vietnam as…
The Adani Group, the fastest-growing diversified portfolio of infra, energy and utility businesses in India, announced it will invest Rs 57,575 Cr in the state of Odisha. The High-Level Clearance Authority (HLCA) of the Govt of Odisha, headed by Chief Minister Naveen Patnaik, approved the Adani Group’s proposal to set up two projects – a…