Sheena
1407 stories by Sheena
Paytm Parent One97 Secured Funding From SoftBank, AliPay, and Others
Noida-centered One97 Communications, the parent enterprise of Paytm, has secured latest equity investment of INR 4724 Cr ($669.5 Mn) from its present traders T Rowe Price, Alipay, SoftBank and others. According to the Ministry of Corporate Affairs, the virtual bills enterprise, on December 6, 2019 a
Zetwerk Raisesd $2.2 Mn From InnoVen Capital As It Deepens Manufacturing Capabilities
Bengaluru-primarily based production services platform Zetwerk has raised $2.2 Mn (INR 16 Cr) in a fresh investment spherical from InnoVen Capital. Prior to this spherical in December 2019, Zetwerk raised $32 Mn in its equity Series B investment spherical from new investors Lightspeed and Greenoaks
Vivriti Capital Bags INR 100 Cr From Current Investor Creation Investment
Chennai-based on-line corporation debt platform Vivriti Capital has raised INR 100 Cr (about $14Mn) investment from current investor Creation Investment. Earlier, the corporation has raised $50 Mn in its Series B investment from LGT Lightstone’s India focussed funding platform LGT Lightstone Aspada.
Growth Intelligence Raised £1.7m in Funding
Growth Intelligence, a London, UK-primarily based platform for entrepreneurs and sales leaders to develop faster through AI, closed a £1.7m investment spherical. The spherical was led through 24Haymarket with participation from current investors inclusive of MMC Ventures. The organization intends to
Immune Regulation Raised £40.6M in Series B Equity Financing
Immune Regulation Limited, a US and UK primarily based clinical stage biotechnology company, closed a $40.6m Series B investment spherical. The spherical was led through Morningside Ventures, along with present shareholders such as London based 24Haymarket. The funding is structured in tranches and
Tesla in discussions with Karnataka government to set up R&D centre in Bengaluru
Electric vehicle maker Tesla Inc is in talks with the industries branch of Karnataka government to set up a centre in Bengaluru to leverage the huge research and development (R&D) ecosystem in India’s generation capital. “The first proposal is for an R&D centre and we’ve already had at
Ananthu Vijayan temple worker wins Kerala Onam lottery worth Rs 12 crore
Ananthu Vijayan, who works at Ponneth Temple in Ernakulam’s Kadavanthra, gained the primary prize of the Kerala government’s Thiruvonam Bumper 2020 lottery. Ananthu Vijayan gained the Kerala government’s Thiruvonam Bumper 2020 lottery on September 20. The 24-year-old, who works at Ponneth Temp
Pep Technologies raisesd Rs 42 crore in investment spherical led by Amicus Capital, RPSG Ventures
This is the third spherical of investment raised by the company so far and the fresh funds will be utilised for scaling up R&D capabilities, increasing distribution throughout virtual channels, developing operations, brand building and organisational scale up, the company stated in a statement.
Mobile Premier League (MPL) raises $90 million Series C financing round, with investors Sequoia India, Go-Ventures, and Base Partners.
SIG, early-stage tech investor RTP Global, including MDI Ventures led MPL’s $90 million Series C financing round, with participation from present investors Sequoia India, Go-Ventures, and Base Partners. Times Internet and Salman Khan both are also early investors in MPL. The new funding brings MPL’s
Pakistani female fitness startup AimFit raised $1 million seed
Pakistani female fitness startup AimFit has raised $1 million in a seed spherical led through Indus Valley Capital, a Pakistan-centered VC fund commenced by LinkedIn’s former VP Growth Aatif Awan. The spherical consists of participation of an unnamed unicorn founder, the founding group of direct-to-
Under Modi’s pet scheme, startup jobs soar 126%; this many companies recognised
There has been a 126 per cent soar in the range of jobs created by DPIIT-known startups from April last 12 months under the Startup India marketing campaign released by Prime Minister Narendra Modi in January 2016, in keeping with the latest authorities data. From 1,87,004 jobs said by 16,105 startu
As component of ‘Atmanirbhar Bharat’ the govt. is keen to enlarge domestic production capacity for open cell panels
Open cell panels, a key element used in the production of tv sets, will appeal to 5% import duty from 1 October, with the authorities announcing that a duty exemption expiring at the cease of this month will not be extended – to reinforce domestic production. As component of ‘Atmanirbhar
DCGI has permitted India’s first CRISPR Covid-19 test developed by the Tata Group and CSIR-IGIB
The Drug Controller General of India (DCGI) on Saturday gave acclaim for the commercial release of India’s first Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) coronavirus test ‘Feluda’, evolved through the Tata Group and CSIR-IGIB (Institute of Genomics and Int
The Federal Government making plans to offer financial help for 1.7 million within the next 3 months
This disclosure was made through the Minister of State for industry, Trade and Investment, Ambassador Mariam Katagum, at the digital commissioning of the Fashion Cluster Shared Facility for Micro, Small, and Medium Enterprises (MSMEs) tagged, Eko Fashion Hub, in Lagos. Katagum disclosed that the ini
Imagine Impact Series A Financing Round Through Top Silicon Valley VC Firm Benchmark
Imagine Impact, the content accelerator and on-line market founded by Brian Grazer and Ron Howard and run through Tyler Mitchell, has closed a Series A financing spherical led through Benchmark. The Silicon Valley venture capital company has invested in startups like Uber, eBay, Stitch Fix, Snap and
Wipro keen to associate startups to drive innovation: Rishad Premji
Information technology (IT) organization Wipro Ltd is keen to associate startups in India to power innovation and virtual transformation for its clients, chairman Rishad Premji stated on Friday. “What startups can do for India today is what IT service companies did for the last 20 years in terms of
Observe.AI, an artificial intelligence-based startup raises $54 million in a Series B funding round.
California-based Menlo Ventures led the spherical, Observe.AI stated in a statement. Menlo Ventures gives investment for seed-, early- and growth-stage companies. Its companion Steve Sloane will be a part of the board of Observe.AI. The Series B fundraise takes the overall capital the startup has ra
Nirmala Sitharaman: 258 companies were saved from going bankrupt through the IBC process.
Finance Minister Nirmala Sitharaman on Saturdad stated regulation provides for carrying out insolvency and bankruptcy proceedings towards company debtors as well personal guarantors together. She was replying to a debate at the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, withinside
Reliance Retail brand value bounce
HDFC Bank Ltd retained its top position because the country’s most precious brand for the 7th straight yr in 2020 notwithstanding an 11 per decline from the preceding yr, taking advantage of innovation and expansion, in keeping with a report by WPP Plc and Kantar. HDFC Bank, that is now valued at $2
Tencent will increase its stake in Flipkart with fresh infusion of $62.8 Mn
Tencent has invested $62.8 million in Flipkart thru the Indian e-commerce giant’s Singapore-based parent entity Flipkart Pte, regulatory filings show. The fresh infusion is probably part of Flipkart’s $1.2 billion spherical that was led through Walmart in July this yr. Walmart had already infused $6
Lightspeed Venture Partners extends its operations to Southeast Asia
US-based venture capital company Lightspeed Venture Partners has introduced its foray into Southeast Asia. In a LinkedIn post, the company stated it has formally mounted its regional headquarters in Singapore “to partner and assist bold entrepreneurs constructing disruptive corporations”. This is th
MPL raised $110 million, spherical led by SIG Global
MPL has raised over $110 million throughout 3 institutional rounds. According to Entrackr’s sources, the corporation has been valued at $340-350 million in the fresh financing spherical. In April 2019, it had raised $35.5 million led through Sequoia Capital, Go Ventures and Times Internet. Regulator
SaaS startup Zuper raised $1.1M in spherical led by Prime Venture Partners
Seattle-centered SaaS startup Zuper introduced on Thursday, September 17, that it has raised $1.1 million in seed investment. The spherical was led through Prime Venture Partners, with the participation of Gunderson Dettemer and Gemba Capital. According to a declaration issued by the startup, Zuper
Atal Tunnel is the world’s longest highway tunnel above 10,000 ft connecting Manali with Leh is ready
The creation of the Atal Tunnel connecting Manali with Leh, that’s the world’s longest highway tunnel above 10,000 ft, has been finished in a span of 10 years while the authentic estimated time was much less than six years. “Atal Tunnel, connecting Manali to Leh, is the world’
SBI ATM cash withdrawal new policies from tomorrow: In order to withdraw cash at SBI ATMs, you’ll need an OTP
State Bank of India (SBI) is extending one-time password (OTP)-based coins withdrawal for ₹10,000 and above during the day across all its ATMs in the country. This can be Implemented from tomorrow (September 18). So, the subsequent time, you’re heading in the direction of an SBI ATM for withdr
Happiest Minds shares more than doubled on market debut: They ended at ₹371, up about 125%
Shares of Happiest Minds Technologies today more than doubled of their inventory market debut, underscoring sturdy investor interest in technology groups amid the covid pandemic. The agency is led by Ashok Soota, a veteran of India’s almost $200 billion IT enterprise who additionally co-founde
American VC firm raised US$4 billion for its global funds to extend into Southeast Asia.
Headquartered in Singapore, Lightspeed Southeast Asia will search for possibilities in the region’s enterprise and consumer sectors, in keeping with a statement. It targets to observe up on Lightspeed’s preceding investments in the region, together with those in ride-hailing essential Grab, social c
Parliamentary standing committee: To strongly propose that tax on LTCG be abolished for all investments in startup corporations
A parliamentary panel has proposed tax incentives for startups, along with elimination of long-time period capital gains (LTCG) tax, on investments in such corporations in view that a sturdy startup ecosystem can propel investments, jobs and call for creation. The parliamentary standing committee on
Former Wipro CEO Neemuchwala joining US-based VC organization
Abidali Z Neemuchwala, who left Indian software services firm Wipro Ltd as CEO and managing director earlier this yr, has joined US-based venture capital organization Dallas Venture Partners. Neemuchwala has joined as a venture accomplice, the VC organization stated in a statement. Dayakar Puskoor,
Hetz Ventures making an investment in Israeli seed-stage deep-tech startups in B2B enterprise software and more.
Venture capital fund for investments in early level Israeli startups Hetz Ventures introduced today the closing of its 2nd flagship fund, oversubscribed at $77 million. With Fund II, Hetz will have $130 million under management. Hetz closed $55 million Fund 1 in February 2018 and has since invested
Insurance startup Acko Technology & Services Pvt Ltd has raised $60 million (Rs 441.4 crore).
The spherical in Bengaluru-based Acko has been led through Munich Re Ventures, the venture capital arm of Germany-based reinsurance enterprise Munich Re Group. This funding marks San Francisco-based Munich Re Ventures’ first Indian bet.Other members in the exercise consist of existing investors incl
Kerala-based agritech startup Farmers Fresh Zone raised Rs 3.5 Cr led through IAN Fund
Agritech startup Farmers Fresh Zone has raised Rs 3.5 crore led through IAN Fund. With this round, Farmers Fresh Zone’s universal fundraising has crossed Rs 6.5 crore. The Kerala-based startup goals to liberate access to safe-to-eat, pesticide-free fruits, and veggies directly sourced from farmers.
Cisco’s VC arm invests in Seattle-based production analytics software startup Seeq
Seeq raised another $28 million for its analytics software utilized by industrial producers to gather and examine data. Founded in 2012, Seeq facilitates clients across numerous industries — oil and gas; meals and beverage; metals and mining; etc. — higher recognize their data. It pulls numbers from
Reliance Retail Stakes: Mukesh Ambani Puts SoftBank On Waiting List.
Investor demand for Reliance Industries Ltd.’s retail enterprise is so sturdy that Carlyle Group Inc. and SoftBank Group Corp. are amongst those which have been placed onto a waiting list, according to people acquainted with the matter. Carlyle and SoftBank have lately expressed interest in ma
JioFiber New Broadband Plans: Rs 399 Beginning Price, 12 OTT App Subscriptions and Much More
Reliance Jio these days introduced the much-awaited JioFiber broadband plans with unlimited advantages to seize market share. When JioFiber at the start released its broadband plans back in 2019, the employer was criticised heavily because the plans got here with FUP limit. However, that has modifie
Big Billion Days to bring 70,000 seasonal jobs this festive season: Flipkart
Walmart-owned Flipkart on Tuesday stated it’ll assist generate over 70,000 direct and lakhs of oblique seasonal jobs in the country in advance of the festive season and its Big Billion Days (BBD) sale. The Bengaluru-based company stated while direct job possibilities will be created across Fli
Edtech startup Newton School raises $650,000 led through Nexus Venture Partners
Bengaluru-based edtech startup Newton School on Tuesday introduced that it has raised $650,000 in a seed spherical of investment led through early-degree project capital company Nexus Venture Partners. The investment spherical additionally saw the participation of Unacademy founders Gaurav Munjal, R
Rishi Basu will be leading communications and public relations for the company: Infosys
Infosys has appointed Rishi Basu as India Head – Corporate Communications. As a member of Infosys India’s management team, he will be leading communications and public relations for the company. He additionally maintains as Program Lead for a few unique initiatives at Infosys. In his in advanc
Samsung to manufacture Snapdragon 875 chipsets
Qualcomm is on tempo to introduce its subsequent flagship chipset in December, and we anticipate the name to be Snapdragon 875. According to reviews from South Korea. Samsung Semiconductor Company has controlled to provide a higher deal than TSMC and could manufacture the complete batch of chipsets
BluSmart raised $7 million in pre-series A investment
Delhi NCR-based all-electric ride hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or ₹fifty one crore in pre-series A investment from a couple of traders such as Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels,
ICICI Bank has launched devoted offering for Startups
With an eye on the developing range of start-ups, India’s second-biggest private sector lender ICICI Bank on Thursday released a brand new offering, iStartup 2.0, for the phase with advanced features. Under the programme, ICICI Bank’s clients gets a contemporary account in 3 variations t
Elon Musk says Bill Gates doesn’t have any clue about powering electric vehicles
Elon Musk stated that Bill Gates “has no clue” about electric vehicles, responding to a Twitter follower about a week before the a good deal anticipated “Battery Day.” Musk was responding to a query about Gates’ “declarations” on electric vehicles. In an August weblog post, the Mic
Flipkart Big Saving Days sale starts on September 18: Deals to look out for
Another month and Flipkart brings another sale for its customers. Starting September 18 Flipkart might be hosting Big Saving Days sale and provide reductions across numerous categories. The Flipkart Big Saving Days sale will end on September 20. During the sale, the e-commerce large will be impartin
Pliops Raised $30M in Series B Funding
Pliops, a Ramat Gan, Israel-based issuer of cloud storage solutions, raised $30m in Series B funding. The round, which introduced the whole amount raised to this point to $40m, was led through SoftBank Ventures Asia, with participation from Series A traders Intel Capital, State of Mind Ventures (SOM
Dathena Raised $12M in Series A Funding
Dathena, a Singapore-based deep-tech organization, closed a $12m Series A investment spherical. The spherical was led through Jungle Ventures, with participation from CapHorn and SEEDS Capital, and present traders Cerracap Ventures and MS&AD Ventures. The organization intends to apply the price
Pokkt Raised $500K in Angel Funding
Pokkt, a Mumbai, India-based alternate mobile payment platform, raised $500k in angel funding. Backers covered Jungle Ventures and Samir Bangara (Qyuki CEO & MD). The organisation intends to apply the budget to amplify operations (Indonesia and Malaysia in the subsequent months) in South East As
Jakarta Indonesia-based logistics tech platform, Waresix closed its Series B funding.
Over the last year, the corporation raised approx. US$100m from present buyers EV Growth and Jungle Ventures, and new buyers, together with SoftBank Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific. Led through Andree Susanto, CEO, Waresix is a tech-enabled platform imparting logist
How Byju’s valuation raised 3X to $10.8 Bn in 20 months
Byju’s success tale during the last years has been charming with its hyper-increase in valuation, stable sales stream and ordinary fundraising. The enterprise attained the unicorn fame in March 2018 and seeing that then it has skyrocketed through over 10X to $10.eight billion. The enterprise most re
English learning app OckyPocky raises $400K seed spherical led by Lead Angels Network
Gurugram-based interactive english learning app for kids OckyPocky on Friday introduced it has raised a seed spherical led through Lead Angels Network. A person acquainted with the matter advised YourStory that the organization has raised a complete of $400,000 in the spherical. According to declara
Groww raises $30M in Series C spherical led by YC Continuity
Groww, the Bengaluru-based funding management startup, has raised $30 million in Series C investment led through YC Continuity, making it the first funding through the investment corporation in India. The spherical additionally noticed participation from Sequoia India, Propel Ventures, and Ribbit Ca
VANCOUVER-BASED KLUE RAISED $19.7 MILLION CAD SERIES A
Vancouver-based artificial intelligence startup Klue, which has evolved software program aimed to present organizations a better view of their competitors, has raised a $19.7 million CAD ($15 million USD) Series A spherical of financing. The funding brings the company’s total investment to $24.9 mil
Tiger Global invested Rs 760 Cr into Zomato
Foodtech main Zomato has raised Rs 760 crore or $102.5 million in its Series J investment round from Tiger Global Management. This investment tranche has come after the corporation closed a $62 million fund from Temasek’s MacRitchie Investments. The fresh funds for the Gurugram-based corporation cou
Video SaaS Platform Hippo Video Raised $4.5 Mn In Series A Funding
Hippo Video, a video-as-a-service (VaaS) platform for enterprises, has raised $4.5 Mn in a Series A investment round led through Alpha Wave Incubation (AWI), a $300 Mn task fund, and Exfinity Venture Partners, an early-level task capital organization making an investment in technology product agenci
Apple created a face masks that work on the iPhone and the iPad
The engineering groups liable for the iPhone and the iPad have designed a unique face masks for Apple employees, as first reported through Bloomberg’s Mark Gurman. Though images of the brand new masks have not begun to be released, the record from Bloomberg says Apple’s Engineering and D
Hibiscus’s RM2b fund elevating dilutive, TP 65c
Public Invest Research expects Hibiscus Petroleum’s RM2bil fund-raising exercise to be dilutive close to medium-term, with sizable generation of income from its new portfolio asset likely from 2022 onwards. In its research file issued on Thursday, it sees feasible upward modifications to manufacturi
Spoonshot Raised A Funding Of $1M, Round Led By SRI Capital
Spoonshot, a food science company using AI to predict client taste and meals trends introduced a seed funding of of $1M led by SRI Capital. As the organization stated, they’ll use the investment quantity to fuel growth plan and similarly develop its proprietary technology and team. The startup
Edtech platform BYJU’S raises $500M led through Silver Lake at $10.8B valuation
Bengaluru-based edtech platform BYJU’S on Friday stated that it has raised a brand new round of investment led through Silver Lake, a global technology funding company. A person acquainted with the matter informed us that the current valuation of BYJU’S after this fundraise stands at $10.8 bil
Diagnostics-focussed startup ConnectedH raises seed investment
Leading Bird Web Services Pvt. Ltd, which operates diagnostics-focussed startup ConnectedH, has raised seed investment from a snatch of buyers. Participants on this round encompass First Cheque, Sprout Investments and pre-seed and seed-focussed venture company PointOne Capital, New Delhi-basedConnec
GM venture’s mini automobile has became China’s most sold EV, surpassing Tesla’s Model 3
A micro electric automobile (EV) through General Motors’ (GM.N) nearby Chinese joint venture becomes the most sold EV version in China, with 15,000 motors offered in China last month, observed by Tesla Inc’s (TSLA.O) 11,800 Model three sedans, enterprise information showed. The version,
Elevate venture fund investing $21.5 million in Blackbird NZ fund
New Zealand start-up corporations could soon get a leg-up from an Australian venture capital player that has simply acquired backing from the lately launched Elevate NZ Venture Fund. The Government-backed $300 million Elevate NZ Venture Fund was mounted in March and has made its first investment, pu