Tiger Global is looking to invest $100 million into Groww, an online investment firm. The investment firm is reportedly valued at $1 billion. The funds, that will be raised, will help the five-year old platform in its expansion. Tiger Global is an investment firm focused on public and private companies in the global Internet, software,…
StarTek, Inc., a provider of customer experience management solutions, has made a strategic investment in CSS Corp., an IT services and technology support solutions company that uses AI, automation, analytics, cloud and digital to address customer needs. Capital Square Partners, a Singapore based Private Equity Fund Manager and Startek’s majority shareholder, acquired a controlling stake…
Investment banking and private equity firm – FundVice is looking to support startups in India with a corpus of Rs 330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to Rs 250 crore and accelerate at least 50 deals by 2021-end. In addition, it has announced…
Marathi actor Ankush Chaudhari has recently invested an undisclosed amount in ‘Letsflix Marathi’ a marathi OTT platform. The launch of ‘Letsflix Marathi’ was recently announced by entrepreneur Narendra Firodia & serial entrepreneur and founder of India network Rahul Narvekar. While talking about this partnership Ankush said, “I liked the concept of Letsflix Marathi and when…
Wurkr, India and the UK-based SaaS firm, has raised over £1 million in the seed funding round. The fresh financing round was led by Hindustan Media Ventures Limited (HMVL). “HMVL made an investment of £700,000, and £188,000 was raised through equity crowdfunding platform Seedrs, where Wurkr beat its original funding target by 25 percent with…
Doubtnut, a K12 edTech platform for “vernacular first” students, has raised an investment of INR 224 Crores from SIG and Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the round. Avendus Capital acted as the exclusive financial advisor to Doubtnut on this transaction. The funds raised will…
Bharti Airtel, digital communications provider, has priced its debt fund raise of US$1.25 billion through the issuance of dual-tranche US$ bond offering spread across senior and perpetual issuance. This is the largest issuance by any Indian Investment Grade issuer since January 2019. Airtel has priced US$750 million of senior 10.25 year bonds at a yield…
e.GO Mobile has closed a Series B equity funding round of more than EUR 30 Million for Next.e.GO Mobile SE, enabling start of production in its German factory and supporting Company’s growth agenda. The round attracted international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder…
SmartKem, Inc. has announced the closing of a $24.6 million private placement financing. Prior to the financing, SmartKem Limited completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol. Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue…
Shield AI, a defense-technology company using self-driving software to enable unmanned systems to operate without GPS and communications, has raised $90M in a Series C round through equity and debt financing. The lead investor was Point72 Ventures. Shield AI will use the funding to help scale and further integrate its self-driving software, Hivemind, into additional…
Saltmine, an end-to-end digital workplace platform, has raised $20 million in new funding. The Series A round included a new investment from JLL Spark, the strategic investment arm of commercial real estate services firm JLL, as well as participation from existing investors Jungle Ventures and Xplorer Capital. In addition to its capital investment, JLL has…
GoStork, a fertility marketplace where Intended Parents find, compare and connect with fertility providers with free online database of egg donors and surrogacy agencies in the world, has announced its first round of seed funding in the amount of $760,000 for the expansion of services, providers and key staff. This round of funding, provided by…
Subscription-based payment recovery start-up Gravy has raised $4.5 million in Series A funding in its most recent funding round and the first including institutional investors. The funding round was led by Arlington Family Partners, based in Birmingham and one of a handful of family offices headquartered in the southeast. Arlington Family Partners also manages the…
Elearning platform Lido Learning is planning to raise $30 million funding from Temasek, Singapore-based investment fund. Lido Learning was founded in 2019 by second time ed-tech entrepreneur Sahil Sheth. Seth had earlier founded Infinite Student which was later acquired by edtech unicorn BYJU’S in 2015. Post the acquisition of his first startup, Seth joined BYJU’S…
Electric Capital, Nascent Ventures, Bering Waters and several other private investors have invested $1.25m in FLEX coin in anticipation of the launch of CoinFLEX’s Notes.finance DEX. This news comes after CoinFLEX’s repo market (the only tradable borrow/lend market) hit $2 billion in volume and paid out $200K in interest to flexUSD holders. This private round comes after CoinFLEX raised 11M from Polychain Capital,…