Moove, the world’s first mobility fintech, announced that it has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior twelve…
Tata Power and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala), have entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy Limited (Tata Power Renewables). BlackRock Real Assets, together with Mubadala, shall invest ₹ 4,000 crore (~US$ 525 million) by way of equity / compulsorily convertible…
Grip, a new-age investment platform, is strengthening its senior technology team as it looks to expand its product offering. The company has appointed Varun Bhanot as Vice President of Engineering. He will be responsible for driving the vision, design, and strategy for the engineering function and help Grip scale optimally. Commenting on the announcement of…
Credit Suisse and BlackRock have partnered to build the next generation of purpose-driven investments that aim to provide attractive private equity returns in line with the Credit Suisse Supertrends. According to a statement, “This will be the first in a series of investment initiatives created for the private wealth market for eligible individual investors. They…
Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment round with the entry of new investors Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, a fund advised by Neuberger Berman Investment Advisers LLC. IIFL AMC via its ‘Late-Stage Tech Fund’ and Kotak are also participating in this investment…
Mythic, the pioneering analog AI processor company with breakthrough analog compute-in-memory technology, today announced $70 million in Series C funding led by BlackRock and Hewlett Packard Enterprise (HPE). The Series C round brings Mythic’s total funding to $165.2 million. Mythic will use the new funding to accelerate plans for mass production of its groundbreaking AI…
Generation, the non-profit global employment organization, has secured $77 million in new funding and $50 million in in-kind resources from BlackRock, McKinsey & Company, Microsoft Corp., and Verizon, to accelerate its work in tackling unemployment across 14 countries around the world. This combined commitment will allow Generation to support people who face systemic barriers to…
BYJU’S, India’s e-learning platform, announced it has raised funding from BlackRock, Sands Capital, and Alkeon Capital. However, the company did not disclose financial details. Existing investors General Atlantic, Owl Ventures, and Tiger Global also participated in the funding round, BYJU’S said in a statement. Earlier this month, BYJU’S had raised funds from Silver Lake along…
Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…