FutureTech

Raise Financial Services, based in Mumbai, has signed a definitive agreement to buy Surat-based online learning firm Valuationary for cash and stock, according to a prepared statement. Valuationary, together with its 15-member team, including the founders, will join and operate from Raise Financial’s headquarters in Mumbai following the acquisition. Valuationary is an online learning platform that helps young professionals in the financial sector upskill. It was founded in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta. Upskilling is possible through the startup’s courses and live sessions, which aim to…

Gupshup, a conversational messaging platform, has paid full cash for Active.Ai, a conversational AI business. The financial information was kept under wraps. Gupshup, which provides businesses with conversational messaging services, expects the purchase to boost its customer experience solutions for banking, financial services, and insurance (BFSI) clients. Active is a Singapore-based company. Ai supports BFSI customers in 43 countries, including Axis Bank, Kotak Mahindra Bank, Tata Capital, and IndusInd Bank. The company claims to have facilitated more than 300 million audio, video, and messaging interactions. Gupsshup has made three acquisitions…

PlayVerse, a technology-enabled entertainment firm, has raised $1.5 million in a funding round led by Akatsuki Inc., a Japanese gaming company. In India, PlayVerse sells content, toys, games, and technology. PlayVerse will now attempt to maximise the monetisation potential of popular Japanese IPs and brands in India in order to increase cross-border cooperation between India and Japan. “Thanks to the advent of blockchain technology and the scalability offered by promising L2 protocols, we have some moonshot ideas of IP monetisation that we are exploring,” said Jaineel Aga, founder, PlayVerse. “At…

Agrizy, an agritech firm, raised $4 million (about Rs. 30 crore) in a seed round sponsored by Ankur Capital. Omnivore and angel investors Rajesh Yabaji (CEO, BlackBuck), Zetwerk Co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others, participated in the round. The cash will be used by the Bengaluru-based startup to expand its business, hire engineers, develop a suite of digital services for the processed agro trade, and increase client growth. “The funds raised will be utilized to build strong business and engineering teams, develop a suite…

Webaroo Inc.’s conversational messaging platform Gupshup has acquired Active.Ai, a conversational AI platform for banks and fintech organisations, and is in talks with possible investors for a pre-IPO investment round of $100 million to $200 million or potentially more, according to a top official. Gupshup co-founder and CEO Beerud Sheth stated the “mid-sized” transaction was largely cash-based. “We wanted Active.founders AI’s and workers to continue,” he said. In the process, several institutional investors have pulled out. Active.ai was founded in 2016 by Ravi Shankar, Shankar Narayanan, and Parikshit Paspulati, with…