A definitive agreement has been signed between Lenskart and Abu Dhabi Investment Authority (ADIA) to raise $500 million.Lenskart’s valuation of $4.5 billion was maintained with the extension of last year’s funding round. According to the company, the capital will be used to expand in Asia and the Middle East. ADIA’s investment includes some secondary purchases […]
It announced on Friday that it raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. Bira 91 plans to use the funds to ramp up production, enhance supply chain, and enhance innovation, raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. “MUFG Bank has consistently invested in the Indian economy. Due […]
China plays crucial roles in world affairs including trade and defense, therefore, it is essential to observe its recent budget allocation to different areas like defense. According to Global Times, China aims to achieve an annual GDP increase of 5 % this year. This target seems lowest in recent years. On the other hand, the […]
Mumbai, 5 January 2022 – Mirae Asset Credit Opportunities Fund has announced its outright acquisition of a pre-leased Grade A industrial asset at Bhiwandi, MMR for INR 130 Crs. The industrial property, housed in the 160-acre K-Square Integrated Industrial Park and spreads over 9 acres, has been acquired from Prakhhyat Group. As Mirae Asset Investment Group’s […]
A company that specializes in brain health software successfully raised $2.13 million for their latest project which detects early-stage dementia. A California-based health tech company called In-Med Prognostics has raised $2.13 million led by Exxora and with participation from prominent angels. In-Med Prognostics is a leading provider of deep learning algorithms and machine learning, which […]
Blockchain gaming giant ‘Yat Siu’, the cofounder of Animoca Brands expects the next generation of the internet to happen sooner rather than later. Web3 will feature decentralization, faster processing, and a more secure browsing experience. Within the next 18 months, there will be a wave of open metaverse participators. This is because within that time […]
The new and latest edtech company to enter the Indian unicorn club is PhysicsWallah, who raised $100 million in Series A funding from Westbridge and GSV Ventures. Their startup has a valuation of 1.1 billion dollars. PhysicsWallah is the first ed tech company to reach a valuation of over $1 billion. Overall, 101 companies in […]
Coralogix, a company using streaming analytics to rebuild the path to observability, today announced it has raised a $142 million Series D funding round, bringing the company’s total amount raised to $238 million. A significant portion of the proceeds from the round will be used for the company’s expansion plans, especially its India and APAC go-to-market teams. Additionally […]
The San Francisco, California-based ecommerce success story Deliverr has announced its acquisition by Shopify for $2.1B, a sum that includes both money and inventory. This is the biggest acquisition in Shopify’s history, and it will help it create a complete logistics platform that allows companies to quickly ship products to consumers. Shopify The recent news […]
Tech giant Meta is making its first investment in Asia in a startup called Ami. Using WhatsApp as its platform, Ami is using the power of mental health to help people across Asia. Meta owns WhatsApp and has invested in several startups with similar philosophies. The three investment companies include Ami, thoughtful, Intellect, and Wysa. […]
