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
Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands – RPM fitness, Fitkit and Onefitplus. The deal size was not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain. “The brands were built and scaled by Mohit Mathur and his … Read more
Chief Minister Pinarayi Vijayan has inaugurated “Digital Hub” with a capacity to support 200 start-ups via video conferencing, said a press release from Chief Minister’s Office. The project is completed at Kalamassery in Ernakulam district. While inaugurating the Digital Hub, the chief minister said it is a significant step forward in the IT industry of … Read more
Drive Capital created an artificial intelligence tool named Herbie to help find great companies. Herbie uses data to create a daily digest of startups that it thinks are worth a second look. Masha Khusid, a partner at Drive, says the tool helps the partners close deals faster. Masha Khusid, a partner at Drive Capital, opens … Read more
We asked hundreds of top venture capitalists to name the most promising startups of 2021. VCs were asked to name companies inside and outside of their portfolios. They delivered an exciting list across industries like fintech, healthcare, adtech and beyond. See more stories on Insider’s business page. These 46 companies are some of the most … Read more
Instacart’s ad business generated hundreds of millions in sales last year. It’s led by an exec who grew Amazon’s ad operation into a Google and Facebook competitor. Some advertisers say Instacart doesn’t share enough strong data to make it worth larger investments. See more stories on Insider’s business page. Instacart is building an advertising business … Read more