Commercial ports operator in India, Adani Ports and Special Economic Zone Ltd has announced that Adani International Container Terminal Pvt Ltd (AICTPL), its joint venture firm, is planning to raise $300 million to retire some of its debt. The company stated in a regulatory filing – “Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50…
SoftBank-backed startup, Delhivery has secured $25 million from Steadview Capital, ahead of planned IPO. The investment firm has purchased secondary shares from an early investor of the logistics firm. Founder and CEO of Delhivery – Sahil Barua believes that the funds raised from Steadview will help the company to go public in the coming twelve…
PhonePe has raised Rs 150 crore from Flipkart, a majority shareholder in the company, according to ET report. The equity allotment comes just days after PhonePe raised primary capital worth $700 million in a round led by Flipkart owner, US-based retailing behemoth Walmart, valuing the company at $5.5 billion. The Bengaluru-based startup’s Singapore holding company…
Arya Collateral, an Indian Agri-tech startup has secured $21 million in its latest funding round. The Series B funding round was led by Quona Capital and LGT Lightstone Aspada along with another existing investor Omnivore. Venture Capital firm, Quona Capital invests in fintech companies that are in growth-stage in emerging markets. Multiple unnamed investors also participated…
The technology firm – Infra.Market, has secured a Series B funding of $20 million. The fresh funding round was led by Evolvence India Fund, Sistema Asia Fund, and Foundamental along with participation from existing investors including Accel, Tiger Global, and Nexus Venture Partners. With the fresh funds, the company plans to expand into newer markets…
Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has landed $60.4 million minority investment from global growth equity firm Summit Partners. The investment will help support the company’s growth, as it expands its product offering and presence worldwide and further builds upon its proprietary technology platform, infrastructure and…
DataRobot, enterprise AI platform has announced investment from and expanded partnership with Snowflake. Salesforce Ventures and Hewlett Packard Enterprise (HPE) also made strategic investments in the company. These investments come as DataRobot expands the Series F round of financing led by Altimeter to $320 million at a $2.8 billion valuation. In addition to the Snowflake Ventures investment,…
Joby Aviation, a transportation company developing an all-electric, vertical take-off and landing passenger aircraft, has announced that Uber Technologies, Inc has agreed to invest a further $75 million in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded partnership between the two parent companies. This investment…
Singapore-based healthtech startup, Neuroglee Therapeutics has secured $2.3m in pre-seed funding. Eisai Co. Ltd, a global pharmaceutical company headquartered in Tokyo, Japan participated in the round along with Kuldeep Singh Rajput, Founder & CEO of Biofourmis. The health-tech startup seeks to use the funding to advance the product pipeline for NG-001, their product which is…
Reliance Industries Limited said that its subsidiary Jio Platforms has received the subscription amount of ₹ 33,737 crore from Google International LLC, as part of the deal announced in July wherein Google agreed to buy a 7.73 per cent stake in Jio platform. This is the biggest-ever investment by Google in an Indian company. The…
Rainmatter Capital, a Zerodha-backed fintech fund that invests and incubates innovative fintech startups, announced that it has pumped in Rs 10 crore into ERPNext, an open-source project being built in India. In a press release, Rainmatter said ERPNext offered multiple modules, from inventory management, payroll, sales and support, customer relationship management to employee wellness. Being…
Reliance Retail has raised fundraise of Rs 47,265 cr in exchange of 10.09% stakes. The “largest fund raised exercise in the sector” is completed within two months. According to a statement released by the parent company, Reliance Industries Ltd., all the investments have been completed, with receipts of funds and issue of shares. Ms Isha…
Indian Healthcare start-up, Clinikk has raised undisclosed funds in its Pre-Series A funding round from Emphasis Ventures, a financial technology Venture Capital Company. The round also saw participation from existing investors – Times Internet, WEH Ventures, First Principles and 500 Startups’ 500 Durians fund. Angel investors including former product vice president at Google, Anjali Joshi…
Blue Planet, a Singapore-headquartered company driving regional sustainability through technology-driven and IP based end-to-end solutions for waste management and upcycling, has announced an investment of US$10 million from Sysma Holdings Limited, a Singapore-listed investment holding. The investment will be used to deploy integrated, inclusive and sustainable waste management solutions around the region, the company said…
Mumbai based Credit platform Blacksoil has raised Rs 110 crore from high networth individuals and family offices for its maiden secured alternate investment fund (AIF) called BlackSoil India Credit Fund (BICF). Eyeing 30 deals from BICF with an average of Rs 10-20 crore per investment, excluding real estate companies, the firm is aiming to secure…