CLIENTELL FUNDING
Heavy machinery manufacturer Autocracy Machinery raises pre-series A of Rs 6 crore led by VC Grid, VCats and others
Autocracy Machinery cater to multiple sectors such as agriculture, telecommunications, landscaping, civil engineering and infrastructural development. The Hyderabad-based company will use the funding to enhance its research and development capabilities, expand its manufacturing and marketing footprint, and drive innovation in heavy machinery technology.
GreyLabs AI mops up $1.5 million in funding round led by Matrix Partners India
Ofbusiness founder Vasant Sridhar, MoEngage founder Narasimha Reddy, Uni Cards founder Nitin Gupta, and Scapia founder Anil Goteti, among others who participated in the funding round for the speech analytics platform for financial institutions.
Scale AI valued at $14 billion in Nvidia, Amazon-backed funding round
Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market.
Scale AI valued at $14 bln in Nvidia, Amazon-backed funding round
Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market.
PM Gati Shakti to aid in expanding social security
To begin with, the ministry has geotagged 1.3 million establishments covered under the Employees' Provident Fund Organisation (EPFO), about 1.5 million under the Employees' State Insurance Corporation (ESIC) and 104 ESIC hospitals for assessing the current social security coverage and planning future expansion.
SaaS startup Clientell raises $2.5 million led by Blume Ventures
Clientall, which had previously raised $600,000 (about Rs 5 crore) from Chiratae Ventures and Artha Venture fund, said the new funds will be used for strengthening the product and expanding the team
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Marketing software startup SingleInterface raises $30 million led by Asia Partners
SingleInterface, a marketing software startup, was founded and incubated as part of Smile Group in 2015 by Tarun Sobhani and Harish Bahl. The latter is also the founder of Smile Group.
ETMarkets PMS Talk: Value, visibility & validation help this fund manager pick stocks for PMS fund
Hemant Shah of Seven Islands PMS prioritizes growth opportunities in investments, focusing on value, visibility, and validation. The fund's performance, market analysis, investor criteria, stock selection, and risk management strategies reflect a comprehensive approach to investment management. Shah says: "Market sentiment appears to be driven by profit-taking due to steep valuations rather than negative external factors."
Shadowfax raises $100 million in latest funding led by TPG New Quest
Logistics startup Shadowfax will use the funds to extend its last-mile delivery services to cover 20,000 pincodes across India. The company is looking to include intercity operations in the coming three quarters. Part of the proceeds will be utilised to develop state-of-the-art services for D2C brands and further enhance Shadowfax’s express delivery network, the company said.
Cred to buy Kuvera to enter wealth management
The development marks the entry of Cred into the mutual funds market, placing it in competition with industry leaders such as Zerodha, ETMoney and Groww.
Deeptech IoT startup Datoms secures $1.2 million in funding led by Yournest VC
Datoms plans to use the funding to strengthen its product offerings to build various use cases in the construction warehousing industry. It will also focus on enhancing in-house AI/ML capabilities and market expansion across India and the Middle East.
ETMarkets PMS Talk: Creating alpha! This fund turns Rs 50 lakh investment into Rs 2 cr in 3 years
Anirudh Garg, Partner & Fund Manager at INVasset LLP, discusses the performance of the INVasset Growth Fund and their investment approach. He highlights the belief in the growth potential of the Indian economy and aims to achieve returns of 1.5 to 2 times that of the Nifty. Garg also mentions the success of their fund, with one investor seeing their investment grow from Rs 55 lakh to approximately Rs 2.05 crore.
Perfios raises $229 million from Kedaara Capital in primary, secondary mix
Perfios currently has a large footprint in West Asia and Southeast Asia. The statement added that it has been growing 100% year-on-year, without specifying any periods.
DevOps startup Facets.cloud raises $4 million in funding
Facets’ platform streamlines all the cloud deployment processes into one generative internal developer platform.
Bank of Ireland allowed customers to withdraw funds more than their account balances, here’s why
Bank of Ireland has apologized for a recent technical malfunction that allowed specific customers to withdraw funds surpassing their account balances.
ETMarkets Fund Manager Talk- IT, pharma, infrastructure looking immensely promising: Sonam Srivastava
“The IT sector, buoyed by an ever-increasing global reliance on technology, looks primed for more growth. Pharma, on the other hand, is benefiting from the dual boost of a growing domestic market and increased demand for generics,” she said in an interview to ETMarkets.
African electric motorcycle startup Spiro to expand Kenya and Uganda
Spiro's scooters and motorcycles have batteries that can be removed quickly and has developed a network of stations where low batteries can be exchanged for fully-charged ones.
Customer experience platform Kapture CX raises $4 million in funding
According to the company, it will utilise the capital to expand its presence across international markets, enhance its product offerings as well as strengthen its team.
Factors.ai raises $3.6 million in funding led by Stellaris Venture Partners
The startup — founded by Srikrishna Swaminathan, Aravind Murthy, and Praveen Das in 2020 — aims to use the capital to scale its go-to-market teams, including sales, marketing, and customer success while bolstering its product and engineering divisions.
Power Finance Corporation files Draft Shelf Prospectus for Rs 10,000 crore NCD fund raise
Power Finance Corporation has filed a draft shelf prospectus offering Rs 10,000 crore ($1.34bn) in non-convertible debentures (NCD). The NCDs will be issued in one or more tranches, with at least 75% of the proceeds put towards lending, financing, refinancing or general payment purposes. The rest is earmarked for general corporate purposes.
Logistics-tech startup Agraga raises $8.5 million in funding
The latest infusion of funds will enable the unified digital logistics platform to expand operations across India from its current presence in three cities to over 15 cities by March 2024, a statement from the company said.
SaaS startup RevenueHero raises $5.1 million in funding from existing investors
The funds raised will be utilised to scale the business across the North American market and to strengthen the team, a statement said.
Saket Modi-founded cyber-risk mitigation firm Safe Security raises $50 million
The latest infusion, which takes Safe Security's total funding to over $100 million, comes at a time when startups are facing a funding winter as inflationary pressures hit sales cycles as well as the movement of money in technology companies.
AI-based vision inspection startup SwitchOn raises $4.2 million
The company, with 80% of revenues generated from India and 20% from the United States, has raised $5.2 million in total so far.
Celcius raises Rs 100 cr in a funding round led by IvyCap Ventures
Celcius owns over 4,500 reefer vehicles, seven distribution centers, 107 cold storage facilities, and more than 100 hyperlocal riders.
SaaS buying platform Spendflo raises $11 million in funding led by Prosus, Accel
Having raised the latest round of capital after 10 months of its seed round, the 2021-founded firm has so far raised $15.4 million from investors.
Emotion AI startup Entropik raises $25 million in funding
Other participating investors include SIG Venture Capital, Trifecta Capital and Alteria Capital and returning investor Bharat Innovation Fund.
Profit.co raises $11 million in funding led by Elevation Capital
The funding round, closed in August 2022, was led by Elevation Capital that invested $9 million in equity, founder and chief executive Bastin Gerald told ET. The remaining was debt from multiple banks based in the US.
QR code startup Beaconstac raises $25 million in funding
The New York and Bengaluru-headquartered startup creates and tracks QR codes for clients.
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