ADQ, the Abu Dhabi-based investment firm, is set to invest $70 million in the parent of Policybazaar, according to the Mint report. The insurance aggregator has plans to go public this year, the report added. The investment will value Etechaces Marketing and Consulting Pvt. Ltd, the 13-year-old company that also runs Paisabazaar, at about $2…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that the Board of its subsidiary Biocon Biologics Ltd has approved a primary equity investment by Abu Dhabi based ADQ, one of the region’s largest holding companies. As per the terms of the proposed agreement, ADQ will invest Rs 555 Crore for a 1.80% minority stake in…
SenseHawk, a leader in AI-powered software for the entire solar lifecycle, announced that it has raised $5.1 million in Series A1 funding led by Alpha Wave Incubation (AWI), a $300m venture fund, managed by Falcon Edge Capital, a leading global alternative asset manager, and backed by ADQ, one of the largest regional holding companies based…
Verloop.io, the Bengaluru-based customer support automation platform that helps businesses deliver delightful support experiences to their customers, across channels, announced it has raised $5 million in its Series A funding round led by Alpha Wave Incubation (AWI), along with existing investors IDFC Parampara and Infosys co-Founder Kris Gopalakrishnan. Launched in 2020 by Abu Dhabi’s sovereign…
ADQ, a public joint stock company headquartered in Abu Dhabi has announced a new $300 million venture capital fund, Alpha Wave Incubation or AWI Fund. The AWI Fund will be investing in early-stage startups across South-East Asia and India, and help them set up base in Abu Dhabi’s Masdar City. According to media reports, AWI…