Bengaluru-based healthcare analytics startup Tricog recently announced that it has raised $10.5mn in Series B funding round from UTEC – University of Tokyo Edge Capital, Aflac Ventures, TeamFund US and Dream Incubator Japan. The funding round also saw participation from existing investors like Inventus Capital and Blume Ventures. Talking about the investment, Noriaki Sakamoto, Partner…
Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…
Sourav Ganguly-backed curated video platform Flickstree recently announced that it has raised $3mn in Series A funding round. The funding was led by Samsung Venture Investment Corporation along with LionRock Capital and Accretio Investments. Angle investor LD Sharma and existing investors like Venture Catalysts and MOX Accelerator also participated in the round. The company plans…
Chandigarh-based personal care and grooming startup LetsShave recently announced that it has raised an undisclosed amount of funding from Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting. Existing investor Dorco also participated in the funding round. Although there is no confirmation by the company, media reports suggested that with…
Singapore-based ridesharing startup Grab, recently announced that it has raised more than $850mn from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc. With the recent investment, the company plans to bankroll its expansion into financial services in the region. According to joint statements from the companies, the sum includes $706 million from Japan’s largest…
Plug-and-play E-commerce platform for offline stores Near.Store recently announced that it has raised $300,000 in seed funding from venture capital fund Sauce.vc and other individual investors. Near.Store helps offline stores go online, digitize their inventory, develop new consumer relationships and access business data and insights to make their business more efficient. This is done through…
Edtech startup Udemy recently announced that it has raised $50mn from an existing Japanese investor Benesse Holdings, Inc. The recent investment by the investment firm was made at a valuation of $2bn. The company in a statement described this funding as a part of expansion funding. The company is planning to use these funds to…
Bengaluru-based hyperlocal services provider Dunzo recently announced that it has raised $11mn in debt funding round from Alteria Capital. With the latest fund infusion, Dunzo is seeking to scale up its operations in the locations where the company is profitable. Kabeer Biswas, CEO, and Co-Founder of Dunzo said that the debt funding will help the…
Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
European research platform Dealroom recently announced that it has raised €2.75mn in Series A funding round. The round was led by Shoe Investments and Knight Venture Capital. Founded in 2013 by Yoram Wijngaarde, Dealroom is an Amsterdam-based data and software platform, which shows worldwide intelligence about startups, innovation, and venture capital investment. Dealroom is used…
New Delhi-based female hygiene brand Sanfe recently announced that it has raised ₹8Cr in Pre-Series A funding from SucSEED Venture Partners, Snapdeal founders’ VC arm Titan Capital, BIRAC, Elixir Pharma, and a group of investors. Other investors who participated in the funding round include Saurabh Chawla (Former Group CFO of DLF and Executive Director- Finance…
Samosa Singh, a Bengaluru-based food startup, announced that the company has raised $2.7 million in a Series A round of funding led by She Capital. The round also saw participation from other investors that include Fireside Ventures, Equanimity Investments, AL Trust, and Japan-based AET Fund. The company will use the funds to scale up its…
Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017. The firm is…
Hero MotoCorp Ltd., the leading two wheeler manufacturer has announced that the company would be setting up a Global Parts Centre (GPC) at Neemrana in the northern Indian state of Rajasthan. “We will be setting-up a state-of-the-art Global Parts Centre spread over 35 acres at Neemrana with an initial investment of Rs 160 crore,” Mr.…
New Delhi, Delhi, June 13, 2012 : Welspun Energy Ltd. will be developing twin wind power projects in the state of Karnataka, within the next five years. The Independent Power Producer has been working toward developing a cumulative target of 1.7 GW of wind and solar energy projects. In the recently held Karnataka’s Global Investors…