Advertisements The Ola group, which includes ride-hailing and EV manufacturing, will stop using Microsoft’s Azure cloud. The company will move to the cloud service of its sister company Krutrim AI. The decision comes after LinkedIn, which is owned by Microsoft,… Read More ›
Funding
Meesho Raises $275 Mn, Valued At $3.9 Bn; Aims Bagging $600 Mn Total
Advertisements Ecommerce company Meesho completed a USD 275 million funding round, with a mix of primary and secondary share sales. The first part of a larger funding round of USD 600 million has been finalised, with Meesho aiming for a… Read More ›
IIT Madras Bags Record Funding Worth Rs 513 Cr In FY24
Advertisements The Indian Institute of Technology Madras (IIT Madras) raised a record-breaking amount of Rs 513 crore in funding from its alumni, industry, and individual donors during the financial year 2023-24. This marks a 135 per cent increase from the… Read More ›
Lendingkart Secures $10 Mn Via External Commercial Borrowing
Advertisements Lendingkart, a leading fintech company, raised USD 10 million through external commercial borrowing from a fund managed by BlueOrchard, a leading global impact investment manager and member of the Schroders Group. This funding will be used for onward lending… Read More ›
SoftBank Plans To Make New Deals In 2024: Report
Advertisements SoftBank is planning to make new deals in India after focusing on selling its investments last year, according to media reports. The firm is in early talks to invest more in software company Icertis and they are also considering… Read More ›
Parseable Bags $2.75 Mn From Surge, Others
Advertisements Parseable, a platform for analysing logs in the cloud, secured USD 2.75 million in initial funding. The funding was led by Surge, a venture capital firm through Peak XV’s program for early-stage startups, with NP-Hard Ventures, a venture capital… Read More ›
Quadria Capital Invests $102 Mn In Nephroplus
Advertisements Nephroplus, a dialysis chain based in Hyderabad, has raised Rs 850 crore (USD 102 million) from Quadria Capital, a healthcare-focused private equity firm. The firm has acquired a significant minority stake in NephroPlus. The investment will be used to… Read More ›
Erik Ragataz Leads $15 Mn Series A Round In Superplum
Advertisements Agritech startup Superplum secured USD 15 million from investors. The funding, part of the Series A round, was led by the company’s new chairman, Erik Ragatz, who is a former partner and current senior advisor at Hellman & Friedman,… Read More ›
IvyCap’s Tej Kapoor Quits, Joins ICICI Venture As Director
Advertisements Tej Kapoor, who served as the managing partner at IvyCap Ventures, has stepped down from his role to take on a director/partner position at ICICI Venture. This transition represents a significant move in Kapoor’s extensive career in venture capital,… Read More ›
Aavishkaar Capital Leads Rs 41 Cr Funding Round In Go Desi
Advertisements Bengaluru-based food startup Go Desi has raised Rs 41 crore (about USD 4.9 million) from Aavishkaar Capital. This investment is the seventh from Aavishkaar India Fund VI, a USD 150 million vehicle that invests across impact sectors such as… Read More ›