Ahmedabad-based startup, Brands.live, a platform that provides digital content for Indian businesses, has received $1M in funding led by IndiaQuotient. Indiabiz also participated in the funding round as angel investors. Brands.live was founded in 2019 by Bhavesh Korat and Bhavesh Patel. The startup plans to use this funding to scale up its operations and develop more features for…
TO THE NEW, a digital technology company, recently opened a new office in Dehradun’s IT Park to leverage the area’s diverse talent pool and support its growth strategy. With this addition, TO THE NEW now has 6 offices across the globe. Besides its main delivery centre in Noida (India), the company has offices in the…
Kotak Mahindra Bank (KMBL) announced that it has acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India), a subsidiary of De Lage Landen International B.V., owned by Rabobank. The operations of DLL India Acquired Portfolio will be transitioned to Kotak Mahindra Bank in a planned…
Johnson Controls (JCI), the global leader for smart, healthy and sustainable buildings, announced the inauguration of a Global Finance Center of Excellence at Intellion Park, Gurgaon, India. The 85,000 square feet Center will play a critical role in the global finance operations of Johnson Controls. The new office will employ an initial 900 staff, with…
InfraCloud Technologies and Kubeshop.io have signed a definitive agreement whereby Kubeshop.io has acquired a majority stake in BotKube. InfraCloud Technologies is a Kubernetes focussed B2B Open Source Cloud Native Computing company which has been building products, services, and solutions to modernize applications and infrastructure, a statement said. Vishal Biyani, CTO & Founder at InfraCloud, said, “This is…
Betolar has signed its first commercial agreements in India. The company and three Indian concrete manufacturers have entered into commercial agreements to use a low-carbon Geoprime solution that uses industrial side streams for a cement alternative. The contract partners are Sneh Precast, Shiv Tiles and Balaiji Cement Products. The companies’ product offering focuses on various…
M2P Fintech, one of Asia’s leading API infrastructure provider led the USD 2.50 million funding round for the Account aggregator platform Finvu. Varanium Nexgen Fund, IIFL and DMI Sparkle Fund also participated in the round. Founded in 2017, Finvu is a registered and licensed NBFC Account Aggregator (NBFC-AA) from the Reserve Bank of India (RBI)…
British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs. 1,925 crores each into a wholly owned subsidiary of M&M that will be newly incorporated (“EV Co.”). BII will invest up to Rs 1,925 crores in the form…
Gurusiksha, a platform where education and technology come together to create a hybrid learning system, recently announced that they have acquired their first investment round of Rs 50 lakhs in a pre-series round from angel investors. They also said that they are planning another Series A funding round later in the year since their next…
Gensol Engineering Limited (Gensol) has signed a termsheet to pick up majority stake in a US-based electric vehicle manufacturing startup. The investment is intended to accelerate Gensol’s plan to deliver a robust domestically manufactured EV in India. With this deal Gensol foresees an increment in revenue by INR 500-600Cr for FY-24. Gensol aims to set…
API infrastructure company M2P Fintech has acquired Bengaluru-based cloud lending platform Finflux to boost M2P’s digital lending and neo-credit plans, according to TNN report. The financial details of the deal were not disclosed, but it is learnt to be a cash and stock deal of around $15-20 million. This is M2P Fintech’s fourth acquisition since…
IBM announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today’s news further strengthens IBM’s software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that…
GrowthX (GrowthX.club), a social learning community, announced that 212 angel investors contributed to its seed round. This historic community-led fundraising in the Indian startup ecosystem saw participation from 200+ founders, leaders and operators across companies like Razorpay, Airbnb, Mamaearth, Meesho, Myntra, and Freshworks. Out of the 1.5 Million USD raised, incredibly, 65% of the funds were…
UST, a digital transformation solutions company has announced that it will strengthen its presence in the healthcare technology market with a strategic investment in Well-Beat, an Israeli start-up that adds a human touch to healthcare through patient-centered behavioral AI. The investment in Well-Beat is the latest example of UST accelerating the adoption of emerging tech solutions in healthcare and…
Sports tech startup Hudle has raised $1 million (Rs 7.9 crore) in a funding round led by Inflection Point Ventures, according to PTI report. The funding round also saw participation from existing investors Survam Partners and Indian Angel Network, a statement said. The capital raised would be used to fuel growth in existing and new…