The Bahrain Economic Development Board (EDB) has announced the signing of a memorandum of understanding (MoU) with Foundation Holdings, a healthcare and education investment firm with major investments in India and the Gulf including Mumbai-based Edutech firm Toppr, to invest Rs. 218 crore into launching its affiliate companies in Bahrain, including a new state-of-the-art medical…
Bengaluru-based EV maker Simple Energy announced the appointment of Raghunath Subramanian to its board and said he has invested an undisclosed amount in the company, according to PTI report. The on-boarding of Subramanian, who has been active in the startup ecosystem by investing in various deep-tech and high-growth startups, comes ahead of Simple Energy set…
Investment platform Strides Ventures has announced the launch of debt fund for startups based in India. The firm is looking to target corpus of up to Rs 1,875 crore. ‘The firm will continue investing in early to late-stage startups with ticket size from the new fund expected to go up to Rs 70 crore,” informed…
Maven, a platform for cohort-based courses created by the founders of Udemy, altMBA, and Socratic, has announced $20 million in Series A funding led by Andreessen Horowitz. Founded by Gagan Biyani, Wes Kao, and Shreyans Bhansali, Maven centralizes the suite of tools needed to create and run a cohort-based course so that instructors can focus…
Skyroot Aerospace has announced that it has raised $11 million in Series A funding with plans to have Vikram-I on the launch pad by mid of 2022. Naga Bharath Daka, co-founder & chief operating officer (COO) of Skyroot Aerospace, said, “We intend to raise $40 million more to fund our aggressive growth plans over the…
Houm has recently raised USD $8 MM after their participation in the Y Combinator Winter 2021 program which they will invest in for growth and consolidation in their actual markets. Houm started in 2018 in Chile, with the idea of the founders Benjamín Labra (CEO) and Nicolás Knockaert (COO) to disrupt the real estate industry.…
Thunes, the Singapore-based fintech company, continues to attract global technology venture capitalists as it seeks to expand its network and grow its dynamic team. The US$60 million Series B growth round was led by global private equity and venture capital firm Insight Partners, with participation from existing shareholders. In supporting Thunes, Insight Partners will provide…
Goldman Sachs’ Launch With GS initiative has announced an investment in Ulu Ventures, a Latina-led fund in the US. Launch With GS is Goldman Sachs’ $1 billion investment strategy grounded in its data-driven thesis that diverse teams drive strong returns, according to the company. Ulu is a seed stage venture fund based in Silicon Valley…
Affable.ai has raised USD Two Million from Prime Venture Partners, Decacorn Capital & SGInnovate. With the fresh funding, Affable plans to expand into international markets such as the U.S. Affable was founded by Nisarg Shah and Swayam Narain in 2017 as part of the Entrepreneur First cohort. The end-to-end Influencer Marketing Platform allows brands and…
Lenskart, an omni-channel eyewear retailer in India, and KKR, a global investment firm, has announced the signing of definitive agreements under which KKR will invest US$95 million in Lenskart via a secondary stake acquisition. Upon the completion of the transaction, KKR will look to leverage its experience working with technology and eyewear companies globally to…
Summit Nanotech Corporation has announced the opening of their $US 10M private placement Series A Financing Round. The Financing is anticipated to close in July 2021. Funds raised will be used to advance Summit’s denaLiTM DLE (direct lithium extraction) technology from the current pilot scale stage to a larger demonstration scale stage. Summit Nanotech is a Calgary-based cleantech company that…
Kaiyo, a full-service marketplace for furniture, has announced that it has raised $5M in funding led by Moderne Ventures, with full participation from Lerer Hippeau and Max Ventures. The capital injection will be used to continue the brand’s domestic growth beginning with Washington D.C., and to create impactful relationships within the Northeast’s real estate market. “Since our founding, Kaiyo…
Max Ventures & Industries Limited’s (MaxVIL) subsidiary Max Speciality Films Limited (MSFL), which manufactures specialty packaging films will be investing upto Rs. 500 Mn in a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum). The new CPP Line expansion will be funded entirely through internal accruals. Work on…
DeepTech company Cron AI has raised $4 million in its VenturEast and Kitaki Ventures led Series A funding round. The round also saw participation from existing investor YourNest Venture Capital. The company said in a statement, “With this funding, Cron AI will be able to accelerate the delivery of senseEDGE™ into new markets to power…
Moody’s Corporation and Team8, a global venture group, have announced the completion of a $25 million investment in VisibleRisk, a joint venture established by the two companies in 2019 to evaluate enterprise cyber risk. Additionally, VisibleRisk has announced the launch of a Cyber Rating product, building on the collaboration between Moody’s and Team8 to develop…