Pharma company Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent, the company said on Monday. The investment will be made in equity shares and Compulsorily Convertible Preference Shares and is likely to be completed within 30 … Read more
Automated savings and investment platform Gullak has announced raising ₹10 crore in a pre-seed round led by Better Capital and Stellaris Ventures Partners. The round also saw participation from several angel investors such as Vimal Kumar and Sheetal Lalwani (co-founders at JusPay), Shan MS (chief growth officer, JusPay), Ramanathan RV (co-founder at Hyperface), Maya Kunnath … Read more
Marico has acquired 53.98% of HW Wellness Solutions Private Limited, that operates under the brand name “True Elements” (TE). Key points to note – TE operating for last 5-6 years sells products in the healthy breakfast and snack segment. It offers 70+ products including oats, quinoa, muesli, granola, flakes, poha, upma, dosa, roasted seeds, seed … Read more
Digital health platform MFine has become the lastest venture capital backed startup to lay off its staff due to a lack of funds to pay salaries, two former employees at the firm said. Bengaluru-based MFine, operated by Novocura Tech Health Services Pvt Ltd, has laid off over 50% of its staff, one of the employees … Read more
Tech giant Microsoft has launched its ‘Microsoft for Startups Founders Hub’ in India. The aim is to empower startups’ vision and fuel innovation to drive economic and societal progress for India and beyond. Microsoft for Startups Founders Hub is a new digital inclusive platform for startup founders in India. The platform offers over $300,000 worth … Read more
Moglix, the industrial business-to-business startup for manufacturing, has raised $250 million in its latest Series F funding round, at a valuation of $2.6 billion. This investment was led by Tiger Global and Alpha Wave Global with Hong Kong based-investment firm Ward Ferry coming on board as a new investor. In 2019, Moglix was the … Read more
Hero already owns 34.8% of Ather Energy. The current investment of Rs 420 crore i.e, approx $56 mn by Hero is part of the ongoing bigger funding round. Actual stake to Hero in lieu of this amount would become clear once the round closes (expected by 30th April 2022). Key points to note – Ather … Read more
Sustainable mobility brand, Ninety One has raised ₹225 crore (or roughly $30 million) as a part of its latest Series A funding, the company said in a statement on Wednesday. The round saw A91 Partners LLP infusing around ₹160 crore, with participating investors including Fireside Ventures, Avaana Capital and Tital Capital infusing another ₹65 crore … Read more
Micro Services aims to take on AWS. M30. The firm has launched M30, a cloud computing platform designed to challenge Amazon’s dominance. Insider got an exclusive look at the pitch deck Micro used to bring investors on board. Micro Services, a cloud computing firm founded by an ex-Googler, has raised $2 million in seed funding … Read more