HR Tech platform GetWork has raised Rs 2 Cr in seed funding from Artha Venture Fund (AVF), and angel investors of India Accelerator. AVF bought a 16% stake in the platform and it is the tenth investment from the current fund. Managing Partner of Artha Venture Fund – Anirudh A Damani stated, “The pandemic forced higher education…
Aclaimant, an insight-driven workflow platform for safety and risk management, has raised $15 million in Series B equity and debt funding led by Next Coast Ventures. This brings the company’s total funds raised to over $20 million. Adam Rogers, former CEO of Ultimate Software, and existing investors Mercury Fund, KEC Ventures, Royal Street Ventures, and…
White Lotus has announced that it will invest a sum of Rs 100 crore in sustainability space. The amount will be used to set up infrastructure to practice and promote innovation to fuel sustainable practices across industry verticals, the Bengaluru-based company said. To take the plan forward, the company said it has set up a…
Next Insurance, a digital insurtech company transforming small business insurance, has announced a $250 million new funding round led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared bringing the company’s valuation to $4 billion and total funding raised to more than $880 million. The…
Gayam Motor Works (GMW) has announced a US $50Mn investment commitment from Luxemberg based GEM Global Yield LLC SCS as the company plans to go public. The commitment will be made available on the first day of trading or in tranches to be drawn at the company’s option over a three-year period. GMW is the…
OnMobile Global Limited and Chingari, India’s homegrown short-form video app has announced that OnMobile has led a $13 Million round in Chingari. This investment will allow Chingari to accelerate its growth from 56 Million users to over 100 million users, according to a statement. As part of the deal, OnMobile will integrate and distribute its…
The Finance Committee of the Board of Directors of MAS Financial Services Limited, specialized in MSME financing, in its meeting held on March 30, 2021 approved and allotted, on a private placement basis, 6,500 Rated, Senior Listed, Transferable, Redeemable, Principal Protected Market-linked Non-convertible debentures (Market-linked NCDs) of face value of INR 100,000, aggregating up to…
Substack has secured $65 million in funding round led by Andreessen Horowitz. The development was first reported by news portal Axios. It informed that the funding round valued the company at around $650 million. According to ET, “Substack said it would use the fresh capital to help fund its financing program for writers, growing a…
Cityblock Health, a healthcare provider for Medicaid and lower-income Medicare beneficiaries, has announced the completion of a $192 million Series C extension funding round. Cityblock will use the newly-raised capital to accelerate deployment of its community and value-based care model nationwide. New Cityblock investor Tiger Global led this latest round, with participation from existing investors…
TripleLift, an advertising technology platform, has announced that it has signed a definitive agreement to receive a majority investment from Vista Equity Partners. Vista, a global investment firm focused on enterprise software, data and technology-enabled businesses, will help drive further innovation across TripleLift and accelerate global growth. “We have developed into a leader in the…
Bengaluru-based online educational services provider – Byju’s has raised $460 million in Series F round. The ed-tech startup is now valued at around $13 billion. The ongoing round saw participation from MC Global Edtech Investment Holdings LP along with B Capital of Eduardo Saverin, Facebook’s co-founder. The funding was first reported by news portal – Entrackr. Tiga…
Living Security has closed a $14 Million Series B round to continue its expansion beyond cybersecurity awareness training and further develop its human risk management platform. The investment was led by Updata Partners and includes previous investors Silverton Partners, Active Capital, Rain Capital and SaaS Venture Partners. Jon Seeber, General Partner at Updata, will join…
Online Baby and Kids Store – FirstCry has raised $315 million from a consortium of private equity investors – ChrysCapital, TPG, and Premji Invest. Founded in 2010 by Supam Maheshwari and Amitava Saha, Firstcry is now valued at around $1.9-$2.1 billion with the recent investment. Some of the brands available on FirstCry.com include Chicco, Graco,…
American financial services firm – Goldman Sachs has asked its critical staff in Bengaluru to go back to working from home as the city witnessed a rise in coronavirus cases. “This hasn’t come as a surprise given how coronavirus cases have been rising in the city, specifically in the area where the office is located.…
Oak Lane Partners, a private investment firm, has made a strategic investment in thomastech, a data center lifecycle solutions company. thomastech provides enterprise and datacenter hardware solutions, storage array management services, multi-vendor third-party maintenance support, and global parts distribution capabilities across 68 countries. “thomastech, today, serves the high-availability needs of over 1,000 major enterprise clients,…