Robinhood, the Menlo Park, California-based fintech startup credited with helping popularize trading among millennials, that it has raised over $1 billion in latest funding from existing investors – Sequoia Capital and Ribbit Capital. Robinhood’s spokeswoman stated in an email, “We’re pleased to share that we’ve raised over $1 billion from existing investors to continue to…
Luminous Power is aiming for Rs 6,000 crore turnover by FY25 and also plans to invest Rs 500 crore in 3 years. Now entirely owned by French engineering company – Schneider Electric, the Luminous Power will invest around Rs 500 crore in the coming three years for increasing manufacturing capacity and ramping up logistics along…
Interactive Email Marketing Software, Mailmodo has secured $270K in pre-seed round by Titan Capital & other marquee investors such as Firstcheque, Angellist, Gameskraft, along with Deepak Diwakar, Archit Gupta, Harsh Shah and others. Speaking on the funds raised, Aquibur, Co-founder and CEO, Mailmodo commented, “AMP emails allow marketers to create app-like experiences inside the emails…
UVeye, a developer of automated vehicle-inspection systems, has secured strategic investments from Hyundai Motor Company and several other investors to accelerate the company’s global expansion plans UVeye has raised more than $40 million from carmakers and other strategic investors such as W. R. Berkley Corporation since it was founded four years ago. Hyundai’s investment is…
Kunal Shah, Cred founder has invested an undisclosed amount in Carl Pei’s new venture. Pei left OnePlus back in October 2020 to work on starting his own venture. Kunal Shah said, “Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited…
AlphaICs has raised $8 million in Series B funding round led by Endiya Partners, Emerald Technology Ventures. The startup from California and Bengaluru, designs and develops chipsets for processing artificial intelligence workloads The edge AI technology startup witnessed participation from existing Series A investors – 3one4 Capital and ReBright Partners. KARSEMVEN Fund, Aaruha Technology Fund, IREON Ventures, Canal…
Fashinza has raised $2.6M in seed round led by Accel Partners and Elevation Capital. The tech enabled platform aims to solve clothing supply problems by connecting fashion brands to manufacturers. Pawan Gupta, CEO & co-founder, Fashinza, stated, “The global apparel supply chain needs technology driven intervention for it to become efficient and fair. It needs…
WayCool Foods has signed a 3-year MoU with IIT Hyderabad (IIT-H) to develop antimicrobial food packaging material by using biopolymers. The MoU was signed and exchanged between Karthik Jayaraman, CEO, WayCool Foods and SumohanaChannappayya, Dean (R&D), IIT-H in Hyderabad. WayCool will invest close to INR 2 million over a period of 3 years of this association.…
ThoughtWorks, a global software consultancy has announced that GIC, Siemens AG, Fidelity Management and Research LLC, and Mubadala Investment Company have invested $720 million in the company. “Founded over 25 years ago, ThoughtWorks has grown from a small team in Chicago to a leading global software consultancy of more than 7,000+ ThoughtWorkers. Its roots are…
OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK Government and Bharti Global, has secured additional funding from SoftBank Group Corp. and Hughes Network Systems LLC, bringing OneWeb’s total funding to $1.4 billion. The capital raised to date positions the Company to be fully funded for its first-generation satellite fleet,…
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…
SSA Finserv, an NBFC that addresses the capital needs of MSMEs has raised $3 million from Blue Ashva Sampada Fund to expand its lending operations. The company will use the funds in a phased manner to expand its presence in tier I and tier II cities and enhance its existing network that will help MSMEs…
Regtech SaaS Startup VComply has secured $6 million in latest funding round from Accel and Counterpart Ventures. The Palo Alto and Kolkata-based company aims to expand in the United States and grow into the new markets in Europe. The governance, risk and compliance (GRC) management platform will use the fresh funds raised to hire across…
Appian Capital Advisory LLP has announced the final close of its second fund. Fund II was oversubscribed and reached its hard cap of $775m following support from both new and existing Tier 1 investors globally.Fund II will pursue the same proven strategy as Appian’s first fund (“Fund I”), focusing on investments in metals and mining…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that the Board of its subsidiary Biocon Biologics Ltd has approved a primary equity investment by Abu Dhabi based ADQ, one of the region’s largest holding companies. As per the terms of the proposed agreement, ADQ will invest Rs 555 Crore for a 1.80% minority stake in…