Deeptech startup Myelin Foundry has raised $3 million in an early stage funding round led by Visteon Corporation, a Detroit-based automotive supplier, according to ETtech report. Returning investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust also invested in the round. Pratithi Investment Trust is Infosys co-founder Kris Gopalakrishnan’s family office, a statement said.…
MobiKwik, a Gurugram-based fintech company, has raised Rs 52 crore in funding, led by Hindustan Media Ventures, the investment arm of HT group, according to PTI report. The funding round also saw participation from Infosys co-Founder Kris Gopalakrishnan’s family office, Pratithi, a statement said. The fresh capital will be used for growth in all key…
The Reserve Bank of India (RBI) has appointed Kris Gopalakrishnan, co-founder and former co-chairman of Infosys, as the first chairperson of the Reserve Bank Innovation Hub. “The Reserve Bank has appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, as the first Chairperson of the RBIH,” RBI said in a statement. RBIH will collaborate with…
Verloop.io, the Bengaluru-based customer support automation platform that helps businesses deliver delightful support experiences to their customers, across channels, announced it has raised $5 million in its Series A funding round led by Alpha Wave Incubation (AWI), along with existing investors IDFC Parampara and Infosys co-Founder Kris Gopalakrishnan. Launched in 2020 by Abu Dhabi’s sovereign…
JetSynthesys, a Pune-based digital entertainment and technology company and part of the Navani family owned JetLine Group of Companies, announced that it has raised Rs 300 crore from existing shareholders to strengthen its gaming and digital entertainment offerings and interest-based social community platforms. Investors that took part in the funding round include Kris Gopalakrishnan, the…
Myelin Foundry, a Bengaluru-based deep tech product startup, announced that it has raised fresh round of funding from Kris Gopalakrishnan’s family office, Pratithi. Financial details of the funding remain undisclosed. The fresh round of funding will be utilised to boost expansion. The company has plans for expansion into the Indian and international over-the-top market. The…
Bengaluru-based online furniture rental and home decor services company, Furlenco, announced it has closed a $10 million debt and equity financing round, led by the company’s existing cohort of investors. Waterfield Advisors, DPNC Advisors, and Quadito acted as advisors to Furlenco. Investors that took part in the latest round include venture capital firm Lightbox, and…
Aligned with the Digital India initiative, The Centre for Digital Transformation under the aegis of Confederation of Indian Industry organized its flagship program, the Digital Transformation (DX) Summit & Awards 2019 at New Delhi. The Centre for Digital Transformation principally partnered by Tata Communications and associate partnered by DELL Technologies plays a pioneering role in…
Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has raised $11 million in its Series C financing round. This funding round is led by consumer fund Sixth Sense Ventures, and has participation from a host of investors. The startup was founded by 28-year-old Bala Sarda, who comes from a family…