Adapdix Corporation, the digital transformation provider of Edge AI automation and intelligent control software, has announced that it has received funding from SoftBank’s Opportunity Fund, pushing the total investment amount secured by Adapdix up to $10 million. The new funds will be used to build the next generation Artificial Intelligence (AI) platform for the edge.…
Frontier Nutrition, a company manufacturing and marketing fortified snacks in Bangladesh, has announced a $6 million Series B financing led by Adjuvant Capital, a life sciences fund backed by the Bill & Melinda Gates Foundation, the International Finance Corporation, and other prominent global health investors. Proceeds from the financing will be used to bring manufacturing…
General Aeronautics (GA), a specialist in Drones for precision agriculture, has announced a INR 65 million pre-series A financing led by Mela Ventures. With the investment, GA will expand its go-to market programs, and will continue to invest in the areas of high reliability and efficient spraying, operational support including training Drone Pilots. GA was started by…
Fireside Ventures, a venture capital has raised $118 million for second fund. The Bengaluru-based company intended to raise Rs 750 Cr in the fresh round but bagged an additional Rs 113 Cr through the greenshoe option. Kanwaljit Singh, managing partner & founder, Fireside Ventures said, “It is a mark of confidence that the fund I…
Vehicle service startup ReadyAssist has raised US $1 million in seed funding. The investment was made by a group of angel investors. The latest funding round saw investments from existing investor Satish Grampurohit along with Visweswara Gupta Kothamachu, Siddramesh Nara, Nagaraj Srinivasa, Harish Srinivas Gudi, and Vijay Sambamurthi, Praveen Kumar, others. Vimal Singh, founder and…
Rapyd, a Fintech as a Service company, has announced a $300 million Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and…
MX creator of the Money Experience category, has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72 Ventures, and Pelion Venture Partners, along with Regions Financial Corp. In the last…
Softbank-backed hospitality firm Oyo has raised Rs 54 crore from Hindustan Media Ventures as part of Series F1 round, according to a regulatory filing by the company. Hindustan Media Ventures Ltd subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of the face value of Rs 100 each for cash at…
Fintech startup BharatPe recently announced that it has raised Rs 60 crore in debt financing from Innoven Capital. The startup plans to raise $150-200 million equity, around $500 million debt in new fundraising round in the course of two years to support its lending business. Suhail Sameer, Group President of BharatPe, commented, “As we build…
MyClassboard, an end-to-end school management software that helps schools to automate and streamline their day-to-day operations has raised Rs 4.5 crore funding from ICICI Bank. MCB will use the funds to scale from 2,500 schools to 10,000 schools and serve 50,00,000 students in the next 12-24 months. Business Development – Plan to reach out to…
SoftBank-backed Creditas has landed $255 million in its latest funding round. The firm plans to utilise the funds raised to finance expansion globally and to augment loan book growth. With valuation of $1.75 billion, the lending firm’s fifth financing round was led by LGT Lightstone, Tarsadia Capital, e.ventures, Wellington Management, and Sunley House Capital along with…
Info Edge Ventures has secured Rs 375 crore from Singapore government’s investment firm – Temasek. Speaking on the investment, Amit Behl, Partner, Info Edge Ventures said – “This decade shall be an exciting time for startups as the pace of technology adoption increases dramatically in India. We look forward to partnering with talented founders and…
U.S.-based private venture capital firm Sequoia Capital is leading TikTok parent – ByteDance’s fresh funding round, according to report. With the latest funding round, the valuation of the Chinese tech giant stands at $180 billion, the report added. Yiming Zhang is the founder and CEO of ByteDance. He started several ventures prior to ByteDance, including Kuxun.…
FreshToHome, has announced that it would receive incentives both financial and non-financial, from the Abu Dhabi Investment Office (ADIO). With the incentives received, the Bengaluru-based firm would increase its farming, supply chain and processing capabilities in desert agriculture and aquaculture in the UAE capital. ADIO’s partnership will aid the expansion of it’s land and sea…
Gurugram-based startup, Leena AI has raised $8Mn in Series A funding led by Greycroft. The round also saw investment from several individual investors like Adam Miller, Founder of Cornerstone OnDemand, Chairman of Greycroft – Alan Patricof and Jim Moffatt (ex-Chairman/CEO of Delloite Consulting). Adit Jain, Co-founder and CEO, Leena AI, said – “Legacy internal helpdesks…