California-based smart electric panel company Span.io recently announced that it has raised $10.2million in Series A funding round. The funding round was led by ArcTern Ventures. The round also saw participation from Capricorn Investment Group, Incite Ventures, and a few existing investors. With the new funds, the company plans to meet the demand and scale…
US-based investment firm General Atlantic recently announced that it will be investing ₹6,600 crore in Mukesh Ambani-led Jio Platforms for a 1.34% stake in the company. According to a company statement, the investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. “This investment continues…
Anywhere365, a Netherlands-based leading software provider for Enterprise Dialogue Management and Cloud Contact Center for Microsoft Teams, announced that it has received an additional €20 million investment from its existing investor Bregal Milestone. The follow-on investment brings total external funding to €60 million and the founder of Anywhere365, Gijs Geurts, will retain a majority interest…
Caspian Debt, a Hyderabad-based digital corporate lending financial services firm, announced it has raised $20 million as long-term debt. The debt provider has raised this capital from the US International Development Finance Corporation (USIDFC), an arm of the US government that provides finance to impact-oriented projects, Caspian said in a statement. This fund facility will…
Steadview Capital, an Asia-focused hedge fund, announced it has invested an additional Rs 67 crore in online beauty retailer Nykaa. Till now, the firm has invested close to Rs 170 crore in the company and holds a 3% stake in the venture. The latest capital infusion follows the Rs 100 crore investment Steadview Capital made…
Ecoinno (H.K.) Ltd, a Hong Kong-based green material company focused on providing alternatives to single-use plastics, announced the closing of a US$6 million Series A1 funding from the Alibaba Hong Kong Entrepreneurs Fund and Alibaba Taiwan Entrepreneurs Fund II. The company will utilise the fund infusion to begin industrial-scale production of its proprietary Green Composite…
Reliance Industries Limited and Jio Platforms Limited announced that Vista Equity Partners will invest ₹ 11,367 crore into Jio Platforms. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. The investment will make Vista the largest investor in Jio Platforms behind…
Zoom, a provider of videotelephony and online chat services through a cloud-based peer-to-peer software platform, announced it has acquired message encryption and security startup Keybase. Financial details of the transaction remain undisclosed. Post acquisition, Keybase Co-founder Max Krohn will be leading Zoom’s security engineering team, and they will be reporting directly to Zoom Founder and…
Nium, Singapore-based global fintech platform, announced that the company has completed its latest fundraise. Visa, the world’s leader in digital payments, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia. “I am thrilled to announce that we…
San Francisco-based Treasury Prime recently announced that it has raised $9mn in its Series A funding round. The funding round led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners. The recent funding round builds on Treasury Prime’s previous $2.5mn seed round. With the latest fund infusion, the company’s total funding nears $11.5mn.…
Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. “In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance. Comprehensive digitisation will…
Wagonfly, a Bengaluru-based contactless shopping and delivery experience startup, announced that it has raised around $500,000 funding from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor Manoj Kumar. Raghavendra Prasad, founder at Wagonfly, said the ongoing pandemic caused by COVID-19 will bring a paradigm shift in the…
Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders. According to an official statement released by the…
B2B SaaS platform Templafy recently announced that it has raised $25mn in its Series C funding round led by global venture capital and private equity firm Insight Partners. With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised to almost…
Flipkart, India’s leading e-commerce marketplace, announced that it has pumped an additional $28 million into PhonePe, taking the total infusion till date to $928 million, according to regulatory filings made by the Company’s Singapore-based parent. PhonePe Singapore is a fully-owned Flipkart Internet entity. “Walmart will continue to bankroll PhonePe,” said a person in the know.…