Subway, the restaurant brand, has announced significant expansion in India, Sri Lanka and Bangladesh, as the company signed a master franchise agreement with Everstone Group (Everstone), a South Asia focused private investment firm. The agreement is one of the largest master franchise agreements in QSR history, according to a statement. “Today’s announcement represents a significant…
Blockchain platform Arcana Network has announced that it has secured $2.3 million in funding round co-led by Woodstock Fund and Republic Crypto. The round also saw participation from LD Capital, Digital Currency Group (DCG), shl.vc, Hyperedge, Fenbushi Capital, Paradigm Shift VC and others. Himanshu Yadav, Woodstock’s Founding Partner, said, “Arcana’s team has been building for…
AI (Artificial Intelligence) chipmaker Hailo has announced that it has raised $136 million in a series C funding round led by Poalim Equity and Gil Agmon. The round was joined by existing investors, including Israeli entrepreneur and Hailo Chairman Zohar Zisapel, Swiss-based ABB Technology Ventures (ATV), London’s Latitude Ventures, Israel’s OurCrowd, and new investors, including…
DG Financial Technology Inc., a Japanese payment service provider, has acquired a majority stake (60% outstanding shares) in Pune-based Vizitech solutions. The transaction was led by DGFT’s Representative Director, President and Co-COO: Hiroshi Shino. The deal announced is another addition to the growing activity in the cross-border mergers and acquisition market. There has been an…
The Y Combinator-backed startup Breathe Well-Being has raised $5.5 million in its Series A round, led by Accel, according to ETtech report. General Catalyst, 3one4 Capital and Scott Shleifer, the global managing director of New York-based investment firm Tiger Global also participated in the round. “We will use the capital to deepen our tech expertise…
Hash, a D2C millennial cigarette brand, has announced that it has raised close to US$ 3.5 million (INR 25 crores) in recently concluded angel round. The round, that was led by Amrac Investment Trust, also saw participation by marquee angels – Kunal Shah (Founder, Cred, ex-Freecharge), Jitendra Gupta (Founder and CEO, Jupiter), Ashneer Grover (Co-Founder…
Eveready Industries India Limited has appointed Suvamoy Saha as Joint Managing Director of the company, effective from August 10, 2021. “The Board of Directors of the Company at its Meeting held on August 10, 2021 has appointed Mr. Suvamoy Saha (DIN: 00112375), Non-Executive Director of the Company, as a Joint Managing Director with effect from…
Deeptech video analytics startup, based in Bengaluru, Pixuate has announced that it has raised $1 million in SucSEED Indovation Fund led seed funding round. The round also saw participation from other investors like CIIE-IIM Ahmedabad, Mumbai Angels Network along with angel investors. The platform has also recently secured debt funding support from the nodal agency…
India-based technology company Infra.Market has announced that it has raised $125 million in the Series D funding round from Tiger Global at $2.5 billion valuation. Founder of Infra.Market – Souvik Sengupta told to PTI, “The new fund-raise will enable Infra.Market to enhance its technological offerings, seed newer markets, and advance their initiatives such as private…
JFrog Ltd. (JFrog), the liquid software company, announced the appointment of Sagi Dudai as Executive Vice President of Product and Engineering. He will join JFrog’s executive team and report to the CEO and co-founder, Shlomi Ben-Haim. Dudai joins JFrog with more than 25 years of global experience ranging from large-scale software Platform-as-a-Service to AI and machine…
JFrog Ltd., the liquid software company, has announced that it has entered into a definitive agreement to acquire Vdoo Connected Trust Ltd. in a cash and stock-based deal valued at approximately $300 million. According to a statement, as part of the JFrog Platform, Vdoo will accelerate JFrog’s vision of becoming the company behind all software…
Siemens announced that it has acquired Nextflow Software, an independent provider of advanced particle-based computational fluid dynamics (CFD) solutions. Nextflow Software will become part of Siemens Digital Industries Software, where its offering will expand the Simcenter software portfolio, part of the Siemens’ Xcelerator portfolio of software and services, with rapid meshless CFD capabilities to accelerate…
Former Myntra CEO’s Mensa Brands has announced that it has secured $50 million as it closes its Series A funding round. The round saw participation from Norwest Venture Partners, Falcon Edge Capital, Accel Partners along with angel investors Kunal Shah, Rahul Mehta, Mukesh Bansal, and Tiger Global’s Scott Shleifer. “The fund will be used to nurture, accelerate and scale…
Plum, a group health insurance startup aiming to provide accessible and affordable health insurance to millions of Indians, has raised a $15.6mn Series A led by Tiger Global with participation from earlier investors – Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred),…
Moglix said it has raised $120 million (about ₹878.8 crore) in funding from Falcon Edge Capital, Harvard Management Company (HMC) and others, placing the industrial B2B e-commerce platform in the unicorn club, according to PTI report. The Series E round also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway. “We…