Mobility platform IntrCity said it has raised Rs 37 crore in a funding round led by Mirabilis Investment Trust, part of the family office of Infosys cofounder K Dinesh, according to ETtech report. The funding round also saw participation from existing investors like Nandan Nilekani’s family trust, Omidyar Network India and Ujamaa Ventures. The firm…
Infosys, a global leader in next-generation digital services and consulting, and NVIDIA announced that they have expanded their strategic collaboration with the aim to help enterprises worldwide, drive productivity gains with generative AI applications and solutions. The broadened alliance will bring the NVIDIA AI Enterprise ecosystem of models, tools, runtimes and GPU systems to Infosys Topaz – an AI-first set of…
Infosys, a global leader in next-generation digital services and consulting, announced its collaboration with UNLEASH, a non-profit organization with a mission to get the youth to create innovative and scalable solutions to help reach the Sustainable Development Goals (SDGs). Together, Infosys and UNLEASH will advance youth-led solutions aligned with the UN SDGs, amplify ESG best practices…
Audio streaming startup Kuku FM announced it has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership, according to ETtech report. Kuku FM is Fundamentum’s first investment from the recently launched $227-million second fund. ET had reported last month that the new fund was primarily sourced from local entrepreneurs and their…
FarEye, a leading logistics SaaS platform for predictive visibility, announced that it has raised additional $13 mn as an extension to its Series D investment led by The Fundamentum Partnership, the growth-capital fund for mid-stage technology companies in India backed by Nandan Nilekani and Sanjeev Aggarwal and KB Global Platform Fund, one of the leading…
The Ministry of Defence announced that it has entered into MoU with eGov Foundation to drive e-governance and improved citizen services across all 62 cantonment boards in the country. A Memorandum of Understanding was signed between DGDE and eGov Foundation on 08, May 2020 to implement a cloud-based platform to deliver various citizen services under…
LetsVenture, an online funding platform that enables startups looking to raise seed capital to create investment ready profiles online, and connect to accredited investors, announced it has launched LetsVenture Plus, which will allow ultra-high net-worth individuals (UHNIs) and family offices to invest in growth stage startups, as well as come in as Limited Partners in…
Spinny, an online platform for selling used cars, announced it has raised $43.7 million Series-B funding led by Fundamentum Partnership along with US-based General Catalyst Partners, South Korea-based KB Financial Group. Existing investors such as Accel, SAIF Partners and Alteria Capital also participated in the funding round. Post funding, the company is valued at nearly…
Infosys has announced that its Audit Committee of the Board of Directors has concluded the independent investigation into allegations contained in the whistleblower’s complaints the company disclosed on October 21, 2019 and determined that the allegations are substantially without merit. The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul…