Robin AI, the AI-powered legal copilot, announces that it has raised $26 million in new funding. The Series B round is led by Temasek, a global investment company headquartered in Singapore. Other investors include QuantumLight, Plural and AFG Partners. Robin AI was founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist…
Mahindra & Mahindra Ltd., a leader in automotive, farm, and services businesses, and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest INR 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicle company. Temasek will invest INR 1,200 crore in the form of Compulsorily…
Edtech unicorn upGrad has completed an internal rights issue worth Rs 300 crore, amid a challenging climate where venture funding for the sector appears to be dwindling, according to moneycontrol report. In a statement, the company said that existing shareholder Temasek contributed Rs 81 crore, while upGrad co-founder and chairperson Ronnie Screwvala contributed Rs 212…
Logistics management company Locad said it has raised $11 million in a Series-A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel, according to Business Standard report. The funding round also saw participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new…
Gurugram-based consumer nutrition platform, HealthKart, has raised $135 million in a Series H financing round led by Temasek. The startup will utilise the funding to expand in international markets and shore up cash to buy firms. The startup, which also counts Sequoia India, Sofina and IIFL among its backers, has raised about $225 million to…
Agritech startup DeHaat has raised $60 million (around Rs 486 crore) from investors, including Temasek to expand its business. The company offers end-to-end agricultural services to farmers, according to PTI report. In a statement, DeHaat said “it has raised $60 million in a new financing round.” Sofina Ventures and Temasek co-led the Series E funding,…
YAHAHA Studios (YAHAHA), the community focussed user-generated content (UGC) metaverse, has announced it has secured a Series A+ investment of USD 40M. The new funding round was led by Temasek and Alibaba and includes investment from 37 Interactive Entertainment. The raise will be used to further grow the YAHAHA product, community, headcount and ecosystem. Since launching…
Neobank Open announced it has raised $50 million funding led by IIFL Finance, according to ETtech report. Existing investors Temasek, Tiger Global and 3one4 Capital also participated in the funding round. Post this funding, Open has entered the unicorn club with a valuation of $1 billion. Open, going forward, will use the new capital and…
Edtech major upGrad has closed a $185-million funding round at a valuation of $1.2 billion, thus entering the coveted unicorn club. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the funding round. “We are pleased with the investor interest ever since we opened up for fundraise, and had our…
Blaize, the AI computing innovator revolutionizing edge and automotive computing solutions, has announced that it has raised $71 million in the series D funding round co-led by Franklin Templeton and Temasek. The latest round also saw participation from DENSO and other investors. Speaking on the investment, JP Scandalios, senior vice president and portfolio manager at…
Nium, a global B2B payments platform, has announced that it has raised a US$200+ million Series D round led by Riverwood Capital – a U.S.-based high-growth tech investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at…
European pay and spend automation platform Soldo has announced that it has closed a $180 million oversubscribed Series C funding round. The fundraise was led by Temasek, a global investor headquartered in Singapore. Carlo Gualandri, CEO and Founder of Soldo said, “We are delighted to welcome Temasek as the lead investor. With a track record…
Ola, a mobility platform, has announced that Temasek and Plum Wood Investment Ltd, an affiliate of Warburg Pincus, a global private equity fund focused on growth investing, are partnering with Ola founder Bhavish Aggarwal for a $500M investment ahead of Ola’s IPO. The platform said in a statement, “This is amongst the largest investments in…
Licious, a fresh meat and seafood e-tailer, announced it has raised $192 million in a Series F funding round led by Temasek and Multiples Private Equity. Brunei Investment Agency also participated in the round along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund and Vertex Ventures Southeast Asia and India. The Bengaluru-based…
Licious, a Bengaluru-based consumer food company, has announced that it has raised $192 million in Temasek led Series F funding round. Multiples Private Equity, Brunei Investment Agency along with existing investors Bertelsmann India Investments, 3one4Capital, Vertex Growth Fund and Vertex Ventures Southeast Asia and India participated in the latest funding round. Speaking on the fundraise, Co-founders…