Greaves Electric Mobility Pvt. Ltd., the e-mobility arm of Greaves Cotton Limited, has announced the completion of its acquisition of 26% stake in electric-3 wheeler manufacturer, MLR Auto Ltd. P Sanjeev, Executive Director, MLR Auto, said, “We are now prepared to compete in the e3W sector of cargo and passenger transportation in the commercial clean…
Complinity, a Gurgaon based startup in the B2B SaaS space has raised $750,000 (INR 5.5 crore approximately) in a funding round from RiSo Capital, an early stage VC investment firm based in Silicon Valley (US), along with Rajnish Babbar, another lead investor from the US and few other angel investors, as part of the Pre-Series…
Global investment firm Carlyle has announced that its Global Credit platform has provided the debt financing package, alongside Pemberton Asset Management, to support the acquisition of Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati and VDM by an affiliate of H.I.G. Capital, LLC. The Companies operate under the Acqua &…
Kerala-based EduTech startup HomeSkul, a venture of Zillion Nerves Innovative Technology, has launched its first home-grown after school e-learning app which provides Artificial Intelligence (AI) and Augmented Reality (AR) powered personalized learning experience for students. Commenting on the app launch, founder and CEO of HomeSkul, Jaganathan Ram said, “Innovation in quality content, pedagogical approach and…
India’s platform-first martech startup, Wondrlab, has raised $7 million in a round of pre-series funding. The round was led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings and several independent investors including Priyamvada Balaji of Lucas Indian Service and Gopal Srinivasan of TVS Capital. The startup will utilise its newly acquired funds towards driving inorganic…
Yu, a consumer brand that is re-imagining consumer packaged foods with their 100% natural Instant Meal Bowls, has secured USD 1 million in its pre-Series A round. The round saw participation from Manish Choksi and Varun Vakil, part of the Asian Paints promoter group, Lalvani family, UK-based food & hospitality group; Nikhil Srivastava, Head of…
B12, an online platform for professional services firms, has announced $15.7M in funding led by Tola Capital with participation from Breyer Capital, General Catalyst, Naval Ravikant, and others. It will use the new financing to accelerate growth, recruit talent, and continue building tools that allow small service businesses to survive and thrive as they face…
SaaS Startup ProfitWheel has recently announced securing a total capital raise of USD 3 million. 50% of the total investment amount was acquired from Netcore Cloud, an acquisition, engagement and retention company and ProfitWheel co-founder, Vivek Bhargava. The remaining 50% of ProfitWheel’s investment is from over 15 Indian business leaders who have invested the remaining…
Iyuno-SDI Group, a global localization and media services partner to the world’s content producers and distributors, has announced its investment in UK-based technology provider, Ortana Media Group. Financial terms were not disclosed. Founded in 2012 by CEO James Gibson, Ortana has established a market presence in Australia, Europe, New Zealand, South Asia, North America and…
Sourcewiz has announced that it has raised $3M in the seed funding round led by Blume Ventures and Alpha Wave Incubation (AWI). Angel investors including Former CEO of Arvind Limited – Ravi Bhargava, Wayfair’s GM Rakshita Agrawal, and other angel investors also participated in the funding round. Speaking on the appoinment, Divyaanshu Makkar, Co-Founder and…
Deci, the deep learning development company that helps enterprises build, optimize, and deploy AI to production, has announced that it has raised a $21 million Series A round led by New York-based global private equity and venture capital firm Insight Partners. Deci’s existing investors Square Peg, Emerge and Jibe Ventures participated in the round and…
Edtech platform based in Gurugram Questt has announced that it has secured $6.75 million in the latest series A funding round co-led by Premji Invest and Celesta Capital. Existing investors AET Fund, First Cheque, Titan Capital, MarsShot Ventures, along with Chiratae Ventures. Speaking on the announcement, Akhil Singh, co-founder of Questt, commented, “As our nation…
Electric, the provider of IT technology for small and medium-sized businesses, has announced that it has raised $90M in Series D funding. Existing investor GGV Capital is leading the round, with participation from existing investors Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners and Slack, bringing Electric’s total…
Bites, a game-changing player in the employee communications and training industry, has announced the completion of their seed funding round, raising $5M. The funding round was led by Vertex Ventures Israel, a Israeli venture capital firm. Surround Ventures, a US-Israeli VC specializing in early-stage media and eCommerce startups, Oryzn Capital, an Israeli venture focused on…
Volante Technologies, the global cloud payments and financial messaging platform, has announced it received USD 10M in growth funding from Wells Fargo Strategic Capital, bringing the total institutional investment to date to USD 45M. “While innovation has accelerated in customer-facing fintech applications, legacy core payments infrastructure has been slower to adopt new technologies due to…