Healthcare startup Qure.ai has raised $16 million in an equity funding round led by Sequoia India, with participation from MassMutual Ventures Southeast Asia, it said Thursday. MassMutual Ventures is the investment arm of US-based MassMutual Life Insurance Company. Founded in 2016 by Prashant Warier and Pooja Rao, Qure.ai provides interpretations of radiology scans within seconds, … Read more
Private equity firm ICICI Venture Funds-backed patisserie Theobroma Foods Pvt. Ltd has set out on an aggressive expansion plan as it looks to multiply its sales fourfold over the next three to four years, two senior executives of the company said in an interview. “We plan to grow our sales to ₹500 crore, the number … Read more
Tesla’s market value hit $100 billion for the first time Wednesday, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker. Shares in Tesla rose some 4.8 per cent in opening trade to extend the gains in the value of the fast-growing maker of electric vehicles. … Read more
4th note in the series… the last one for calendar year 2019 !
With three Indian co-founders, cloud-computing firm Nutanix, which opened to a blockbuster initial public offering on Nasdaq three years ago, is looking to bet big on government clients in India, said a senior executive. Nutanix is the leader in the hyperconverged infrastructure (HCI) business, and sees significant opportunity in “state and Centre and defence” areas … Read more
Forget Black Friday or Cyber Monday. Travis Kalanick is having the sale of the century. The Uber Technologies Inc. co-founder unloaded $350 million more of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended November 6. The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a … Read more
As per reports, Logistics behemoth Rivigo is raising a round of ₹141.97 crore ($20 million) from existing investors SAIF Partners and Spring Canter Investment Ltd. The current round seems to be at the same valuation as the previous one. The company was valued at $1.1 billion in September. Rivigo was founded in 2014 and besides … Read more